Word of caution against all those goldbugs websites. Trader Dan can talk for hours about
possible resistance and support levels, but at the end you know just as much as before. Same for that guy called Turd with a million graphs and charts with lines drawn on them...
Like CNBC ("buy stocks"), these guys are pumping their own opinion ("BTFD, precious metals will soon rise) and have probably bought in a long time ago and are trying to create a hype.
They have been telling the sheeple all throughout 2012 that a turn around is just around the corner, but so far both gold and silver are roughly flat for the year, so now they start pumping 2013 as a possible turn around year.
Slowly sites like King World News have almost become a good contrarian indicator: it's a simplistic and brainwashing format (always the same questions/answers "jooooooining me nooooowwwww...") by a guy we know very little about (Eric King) and the more and louder these guests like James Turk, Bill Haynes, Trader Dan, Eric Sprott tout about Chinese demand, Indian wedding seasons, QEternity and $2500,- gold, the more precious metals get under pressure.
"BTFD is rapidly becoming synonymous to "CTFK" (Catch That Falling Knife) so caveat emptor!
Just my 2 ounces worth.