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

To: Julius Wong who wrote (1030)	10/3/1998 4:08:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 4916

Don't get me wrong, I feel like an ass for not having been in fsagx or fdpmx this past month... But I'm not going to lose any sleep over it, the world is looking very deflationary--and I would not be surprised to see a fairly deep recession in the US starting next year. In that context I cant be to enthusiastic about gold--even if I have been wrong this past month. In my previous post I suggested gold could trade between $200 and $400 over the next decade, I'm just trying to be funny, but that sounds reasonable--and even if gold trades in that range, that means that there is certainly money to be made trading. I would not be surprised to see $400 this winter, and then watch the whole thing collapse by 50%. But I don't know, I guess I've just found other things that are a whole lot more interesting. --MM