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

To: Julius Wong who wrote (4475)	5/14/2002 9:21:24 AM
From: MoneyPenny	Read Replies (2) \| Respond to of 4916

you can get whiplash watching the market right now. I think that the big powers really are running out of options to keep the economy and markets from sinking more. The international gold market can explode to the upside at any time. Gold derivatives have the potential to cave in more than one large investment banking house. Thom Calandra from CBS Marketwatch is about the only journalist following the gold story right now. I am standing firm with FSAGX, FSESX and Defense selects right now. Gold bugs are still ridiculed and ignored by main stream press. I feel pretty comfortable with my picks and am comforted by confirmation from Julius's posts re: fsagx. My only complaint is FSAGX is the most conservative of the gold funds and hasn't had as great a rise as some of the others. I also have CEF, a closed end fund that directly holds gold and silver bullion. It recently has gone from a discount to NAV to a premium so it may or not be a good buy now. If gold goes to 600 then it will be a terrific investment. Sharon