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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?

To: Aggie who wrote (2902)	9/7/2000 8:32:36 AM
From: Julius Wong	Respond to of 4916

Aggie: I think the gold market is weak because the US dollar is super strong. When the dollar losing strength, the gold price will go up. In many foreign countries where the local curencies are weak, the gold prices already more up in local currencies. There is a large trade deficit now, one factor probably is the super strong US dollar. When the trade deficit become a serious concern, a weaker dollar may help to reduce the deficit. A strong dollar is good, but it does not help the trade balance. Julius