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

To: Julius Wong who wrote (4221)	2/10/2002 9:11:45 AM
From: Dan P	Read Replies (1) \| Respond to of 4916

Julius: You may be too young to remember, but the bull market in gold stocks in the 1970's lasted years, with moves in individual stocks of several 100 %. Gold has essentially done nothing since the peak in the early 1980's and one could argue that all intervening up moves were rallies in an overall bear market. In the 1970's the situation for the overall stock market was reversed. Buying gold stocks on weakness was rewarding, as opposed to positions in the general market, which basically went nowhere. The overall stock market was of course in a long bear market, and it took years for individual investors to get back into it. I just wonder if we are back to something similar, where we are in are in for a long bear market in the stock market, with intervening so-called cyclic up moves, and now gold and gold stocks are in for a long run. Regards Dan