Searching for gold’s elusive top

The whole world has been virtually unanimous on gold as the price soars ever higher. But what goes up must come down. Spread betting expert John C Burford has been keeping an eye on the charts, looking for signs of a turn-around.

I love gold; it is such a beautiful adornment on both men and women. Its rarity and immutable qualities have made it the pre-eminent store of wealth through the ages in ingot, coin and jewellery form.

But as a trader, I view it as a trading vehicle that's all.

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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.