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

To: Julius Wong who wrote (1381)	12/20/1998 1:59:00 PM
From: Bernie Kaplan	Read Replies (1) \| Respond to of 4916

I believe that the impetus for the move was a merger between a major company in the industry and a low cost producer of gold. This fever spread to a number of other mining forms for a few days, but soon settled down. Gold is stuck in a $ 290-$300 range, and there are absolutely no fundamental, economic, or inflationary reasons for there to be a major rally in the near future. Until FSAGX can convincingly break out of its rather well established price channel, it holds little appeal other than as a very short term, highly speculative investment. Best of the holiday season to all. Bernie Kaplan