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Gold/Mining/Energy : NP Energy Cp New

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To: LumpofCoal who wrote (11393)4/17/1998 12:48:00 PM
From: LumpofCoal  Read Replies (1) of 22810
 
I called up a few charts today. Majors like homestake, barrick, placer look similar in that they all declined precipitously over the last half of last year, and have been trending up with volatility since the beginning of this year. One gold fund, (Fidelity Select American: FSAGX), looks similar with a technical sector buy signal this year. (Two friday close NAVs 'up' after a significant downtrend).

The juniors? A sample (NPEC, MDIN) shows similar charts over the last half of last year but the uptrend is not apparent yet.

Opinion? Still bottomed. I would buy NPEC/MDIN here if I were not fully invested.

Mike W
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