Simone Wapler – The Strategy of Simone Wapler (France) –
As long as the stadium of the $ 1,300 per ounce is not crossed … I remain cautious. But it is true that gold remains surprisingly stable (even oriented upward) while the dollar is very strong in all currencies. I have read three recent notes that do not come from gold bugs but from institutional or chartists (who are interested only in graphs without worrying about the underlying): they go bullish on gold. See the upturn in the two main mining indices: the HUI and the XAU. My colleague Graham Summers, who is involved with me for technical analysis in Crisis, Gold and Opportunities , is the $ 1,400 an ounce in the second quarter and is also bullish on mining.