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

To: Julius Wong who wrote (1779)	4/19/1999 2:45:00 PM
From: Angler	Read Replies (2) \| Respond to of 4916

Julius: You're right. What a wild ride so far today. Still an hour+ to go. FSESX, FSENX, FSAIX are where I'm at now. Put a little into FIDSX to start. Dow all the way to +234 and now back down to "up 23". The Nasdaq off over 90. Wow! I watched VISX where I had 800% profit early last week dropping like a rock. Sold off half. Roller coasters are great sport. Angler

To: Julius Wong who wrote (1779)	4/19/1999 9:08:00 PM
From: MoneyPenny	Read Replies (1) \| Respond to of 4916

Julius: re FSAGX some background informing my decision to invest in FSAGX: INVESTIGATION OF GOLD PRICE MANIPULATION LAUNCHED BY GATA; BERGER & MONTAGUE RETAINED AS COUNSEL Rye, New Hampshire, April 20, 1999 ---- Noted antitrust and securities law firm specialist, Berger & Montague of Philadelphia, has been retained by the Gold Anti-Trust Action Committee (GATA) in order to assist in its investigation into the alleged manipulation of the gold market. The law firm is best known for its successes in recovering billions of dollars in damages in the Drexel Burnham/Michael Milken junk bond case, The Exxon Valdez case, and recent tobacco and Holocaust cases, and many others. Bill Murphy, GATA Chairman stated that the organization now has evidence that the price and supply of gold are being controlled by a cartel of Wall Street investment houses and bullion banks with the possible encouragement of the Federal Reserve and the U.S. Treasury. “This collusion,” said Murphy, violates anti-trust laws and exposes the perpetrators to triple damages. “It has been devastating to the entire gold community.” The major federal antitrust laws are the Sherman and Clayton Acts, but there are others, and many other states have their own such anti-trust laws. Whenever two or more parties cooperate in limiting prices or supplies of a product or service, the free market is defeated and antitrust law may be broken. “For the first time, the gold industry is speaking out on the record and in specifics regarding what they have suspected for years,” said Murphy. He cited Friday's published report quoting Chris Thompson, Chairman of South African-based Gold Fields Limited, one the largest producers of gold in the world. Thompson accused “New York–based bullion dealers” of spreading unfounded and persistent rumors about its forward sales program in order to “talk the gold price down.” This is just a partial paste: to read more if you are interested: Message 9016835