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

To: Julius Wong who wrote (3720)	5/18/2001 7:08:51 PM
From: seminole	Respond to of 4916

Julius Some people believe gold stocks move before gold. Part of the reason is many gold stocks are unhedged. If fixed cost are $250 than with $260 gold, the profits are $10. If gold moves to $270 (4-5%increase) than profit double. The first small price increases in gold will dramatically increase the value of gold stocks. I am not a gold bug but this could be the reason gold stocks are moving big compared to gold.