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Gold stocks break out of trading range
We’ve been tracking gold stocks for some time and the breakout happened today, following a 3.02% move in the gold bullion (GLD). SPDR Gold Shares (GLD) up 3.02% The Fidelity Select Gold (FSAGX) fund is...
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Sector rotation continues
Yesterday’s winners continue with big moves today. The top gainer Fidelity funds were the Fidelity Select Electronics (FSELX, up +2.90%), the Fidelity Select Computers (FDCPX, up +2.34%) and the...
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Gold is no longer a hedge against stock market volatility
The Fidelity Select Gold fund (FSAGX, change: -3.68%) dropped into bearish territory today, as the gold bullion sold off on high volume mirroring the sell off in global equities. In the last three...
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