New gold value support/resistance level.

I've been hearing mainstream estimates that $1500 will become the new resistance level for gold. My brother-in-law (who mostly listens to CNBC) told me this about a month ago, and I recently saw this article http://www.kitco.com/ind/Hamlin/nov112009.html

Judging from the support/resistance levels of the last 5 years I feel like gold will begin to trade sideways around $1200 and then break out to $1425. I don't feel as though $1500 can be the next immediate resistance level because too many people already believe this. The major investors in gold will take their profits before $1500. $1000 is the new long-term support level.

And seriously, what is going on with silver? I believe gold is seen as being more attractive than silver by the investors of large sums of wealth. Therefore, countries and major investors want the real deal and not the serf's investment opportunity. Silver.