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Strategies & Market Trends : Fidelity Select Funds

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To: Angler who wrote (725)12/11/2003 7:00:00 AM
From: MoneyPenny  Read Replies (2) of 5019
 
I really haven't a clue. Many reasons for golds to sell off after that huge rise in November. Many new people to gold and quick to take profits. I also think there was institutional buying and it might be sort of reverse window dressing: sell golds so they don't have to show up on your quarterlies e.g.: buy in late october- early nov. and book that 25% or more profit before year end. That is just a SWAG on my part. I sold some IAG and CALVF recently just to lock in some profits. I haven't sold a share of WHT as I think gold still has room to grow. I still have FSAGX but traded about 25% of it to FSESX the end of November. It is the season for FSESX but don't go by me. I've been burned more than once by not paying Julius's strength charts heed. MP
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