Is gold still in a bear market?

Gold has been making some surprising moves lately, says John C Burford. So is the bear market under way again, or are we going to see new highs?

Today, I can finally get back to one of my favourite (though often frustrating) markets: gold.

As you can see from my previous articles, I am a bear on gold. It satisfies my basic contrarian personality at a time when the public is overwhelmingly bullish on the metal.

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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.