Sure looks like a parabolic up move on gold, but over a decade.. But this is exactly what I'd think you'd see if you were plotting the US dollar total money supply. Printing begets more printing especially when US debt is being funded by more printing, directly and indirectly.
Unless there's something that the people do en masse to stop the politicos money printing addiction, I suspect this price chart is going to continue to accelerate to the upside, becoming even more parabolic.
How much was this curve slowed over the last few months by increases in the futures margin requirements?
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Today's chart provides some long-term perspective in regards to the gold market. As today's chart illustrates, gold has been in an extremely strong bull market since 2001 with the pace of its uptrend increasing over time. Recently, however, the price of an ounce of the shiny metal has dropped significantly after bumping up against resistance (red line) and is now down $300 in a little under six weeks. This sharp pullback has brought gold back down to long-standing support (green line) of what has been a nearly three-year accelerated uptrend.
