Last year, big banks didn't really start cutting their

Only about 6 percent of analysts are bullish on gold right now, according to David Morgan, publisher of The Morgan Report on precious-metals investing.

That "nearly guarantees a bottom," he said, adding that he sees higher prices this year, not lower. "Gold will make back all of the losses of 2013 and achieve $1,700 per ounce."

Peter Schiff, chief executive officer of Euro Pacific Capital, said he's advising clients to buy both gold and gold-mining stocks at current levels. http://blogs.marketwatch.com/thetell/2014/01/16/citi-goes-bullish-on-miners-for-the-first-time-in-three-years/">Read about Citi going bullish on miners.