Should you sell your gold now?

The price of gold has shot up by 25% in the last few weeks. So while it's easy to argue for profit taking, Dominic Frisby isn't so sure. There may be many reasons to sell gold, he says, but we still have a long way to go before this bull run is over.

Gold this morning is at $1,890 an ounce. It began July at $1,480. That's a move of over $400, or nearly 28%, in barely seven weeks. A number of wiser heads than mine observe that that's a parabolic move and that parabolic moves barely end well.

Is 25% in two months really 'parabolic'? Maybe. However you define parabolic, there is a very strong argument to at least take some profit after a move like this.

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