Why gold is a great market for tramline trading

The gold market is on virtually every spread-better's radar. Here, John C Burford explains the benefits of 'tramline' trading' when spread betting on gold.

In my most recent posts, I've been giving examples of how you can trade in the crude oil market using my tramline trading approach. This method, along with the Elliott wave/Fibonacci principles, allows for precise forecasts of market direction and turning points with high reliability. Very few trading methods can give you this.

Now it's time to turn our attention to gold. This market is on virtually every spread-better's radar. And we all know why. Claims that we're heading for the demise of 'fiat' currencies are all over the blogosphere. Historically, gold has been the only 'real' money, which is why you should be bullish. It all seems so obvious.

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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.