Bear Corner: Gold Mining Stocks Cannot Hold On to Earlier Gains

FSAGX

The market sell off continued today and the precious metals sector was one of the weakest. The performance of the Fidelity Select Gold Fund (FSAGX, last change: -3.70%) has reflected this new market trend. FSAGX broke down below its 100 day moving average and is now in bear territory. We would avoid investing in this sector until prices stabilize and a new uptrend emerges.

Technical analysis screens are provided by FidelitySignal.com

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