SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Fidelity Select Sector funds
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Angler who wrote (4209)2/7/2002 6:24:35 PM
From: Julius Wong  Read Replies (2) of 4916
 
Angler:

I think this time gold will move up for several reasons:

1. The traditional major sectors (technology, health care, financial) are in trouble at this time. People are looking for alternative investment vehicles.

2. The low return on MM fund is not attractive to many investors.

3. It will take some time for the US market to recover from the recession, 911 attacks, Enron scandal, no stimulus package in sight, etc.

4. Gold has moved up much more in foreign currencies than in US $. Gold is a good investment for some foreigners.

5. The gold mining companies have lowered forward selling hedging activities.

6. The Central Banks reduced gold selling.

Julius
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News