Bear Market for Gold Stocks Continues

Fidelity Select Gold Fund (FSAGX, last change: -3.59%)

The Fidelity Select Gold Fund (FSAGX, last change: -3.59%) was the worst performer today of all of the Fidelity mutual funds. After the oversold rally in March, gold mining stocks resumed their bear market. We will continue to track the price action for gold and look for a consolidation pattern emerging in the future.

 

Buy/sell signals for Fidelity funds are available at FidelitySignal.com 

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