My gold call was wrong – but I escaped without a loss

John C Burford's attempts to short gold backfired as the yellow metal surged to new highs. But by sticking firmly to his risk management rules, he was able to walk away from the trade having lost nothing.

Previously, I attempted to trade gold from the short side: The tide has turned for gold.

As I now know big mistake!

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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.