The tide has turned for gold

John C Burford is confident that gold's bull run is coming to an end, and now it’s time to short the yellow metal. Here, he explains why.

Yesterday's developments in the gold (and silver) markets have been absolutely crucial to allowing me to call the top with a high degree of confidence. So I've decided to send out this special update on yesterday's email: Is gold heading for a reversal?

One key to my bold stance is the ongoing Elliott wave patterns I am seeing play out in textbook fashion in both the long-term charts and in the very short-term.

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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.