Sector Rotation: New Bull Market Started for Gold Mining Stocks

Fidelity Select Gold Fund (FSAGX, last change: 5.22%)

The chart pattern for the Fidelity Select Gold Fund (FSAGX, last change: 5.22%) has turned positive and we think that the sector is in the beginning stages of a new bull market now. FSAGX is making higher highs and higher lows, while clearing the 100 day moving average too. We wouldn’t be surprised to see a pullback in the next few days after the recent strong performance, which should provide investors with new opportunities to establish positions.

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