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

To: Angler who wrote (4209)	2/7/2002 6:24:35 PM
From: Julius Wong	Read Replies (2) \| Respond to 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

To: Angler who wrote (4209)	2/10/2002 2:04:50 PM
From: Dan P	Respond to of 4916

Growth fund guide letter editor and writer Walter Rouleau, indicates that he expects a near term top to the gold stocks. I think that could happen by end of March, or so. Anyway, his viewpoint is that the best time to add, or take a new position in gold funds, would be after a correction. Hard to say when that will happen, but we can wait for the charts to tell us. This guy is not a gold bug at all, and he expects the gold move to last 5 to 10 years. No doubt,if that comes to pass, there will be cyclic bear markets in this sector as well. He also likes asian markets (minus Japan for now) because he believes that they are way undervalued vis a vis the US market, and he advocates buying funds on dips: e.g. MAPTX and MNEAX, for the long term. However, he suggests waiting on those for a correction, which seems to be happening at this time. He suggests that these asian funds will appreciate a lot more than most US market based funds, but that when the US market is in a down cycle, these asian funds will drop as well, but not as much. Cheers Dan