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

To: Dan P who wrote (3473)3/5/2001 9:53:50 AM
From: seminole  Read Replies (1) | Respond to of 4916
 
Dan

I am using FSAGX as a parking spot. Gold does seem to have bottomed. With its low price it is hard to see any big increase in supply. But I like the gold/dollar theory the best. A lower dollar will cause an increase in gold price.
A lower dollar will result from our weaken economy and lower interest rates.



To: Dan P who wrote (3473)3/5/2001 11:56:57 PM
From: Julius Wong  Read Replies (2) | Respond to of 4916
 
Dan:

Good point. The lease rate moved up and down played an important role in the price movement of gold last 10 days.

Gold moved higher in many foreign currencies, but not in US$. When the dollar moves lower then gold will be higher in dollar.

Julius


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