Is the gold market setting up for a big rally?

The gold market is listing heavily to the bearish side. Here, John C Burford explains how swing traders can use the charts to profit.

The gold market has been getting a very bad press lately. It seems that the bulls have decided that their dreams of $2,000, or $2,500, or $5,000 gold must be abandoned.

You might recall that this was the common belief pre-2011.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.