Thank you very much. I stopped the bleeding by moving into cash but know I have to start to move back into other areas. I’m stuck with Fidelity. They have a Select Gold fund (FSAGX) as well as Select Energy (FSENX) and Select Natural Resources (FNARX) fund that I’ve been watching. I’ve also started moving small money into their Select Natural (FSNGX)Gas fund as well. I can’t believe that the world’s oil producers aren’t going to get frisky and force energy prices up again.
Ah, yes, get back into energy. I forgot about that one. I am buying gas on the dips through UNG (which tracks gas) and CHK (which is gas in the ground). The FSENX you are talking about is probably even better because of diversity. Also dollars are pretty high right now (a double top) so it is a good time to get in. My feeling is that natural gas isn’t going to go below $4. To me that is real energy, oil prices are more political.