Bear Corner: Gold Stocks Still in Downtrend

Fidelity Select Gold Fund (FSAGX, last change: 2.04%)

The Fidelity Select Gold Fund (FSAGX, last change: 2.04%) was the largest gainer of all the Fidelity mutual funds today. In spite of today’s jump, FSAGX is still in a downtrend and we would not turn bullish until the price climbs above the 100 day moving average on the chart.

 

Buy/sell signals are available at FidelitySignal.com.  

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