Right now must be about the savest point to enter into gold and the gold miners. There was a better point, which was last Wednesday, but today's action in gold and silver seems to provide a confirmation that the lows were in last week and that from here on we are going to get a squeeze on what some call the "short bubble" in gold, silver and the miners.

The reason I am so confident is that, whatever we have heard about the divergence between the paper and physical gold/silver markets, is now being confirmed by the COT report and alternative indicators like the one below. Eric de Groot's tells us that one of his indicators has reached the totally extreme percentage of 3%, where 0% seems to be only a theoretical possibility. In short, the upside is 97% and the downside 3%. On top of that, time is short to get back to the old ATH and get us ready for a third and final attack on that ATH, which as I see it will be around May 1st. So we may have 2 months to go from $1600 gold to $1910, retrace and attack $1910 again.

http://edegrootinsights.blogspot.fr/2013/02/those-that-dance-with-devil-better-be.html

I would love to hear from those that have counter arguments.