The worst performing Fidelity mutual fund currently is the Fidelity Select Gold Fund (FSAGX) according to the fund ranking provided by FidelitySignal.com. Often, laggards become next year’s winners, and this is just one of the reasons for investors to pay attention to gold.
FSAGX is also forming a triple bottom chart pattern. If the support holds (see blue line on the chart), then it will be a very bullish chart formation for gold stocks. In addition, recent 13F filings indicate that hedge funds are buying gold bullion and gold mining stocks again.
Buy/sell signals for Fidelity funds are available at FidelitySignal.com