The Fidelity Gold Miners Fund (symbol: FSAGX) closed down .01 points or 0.05% to $20.67 this week.
Weekly support and resistance are $20.59 and $20.85 (50 day moving average).
Trading below 50 and 200 day moving averages.
Open gap down up to $21.96.
Open gap up down to $18.72.
I am in at $20.52 since 4/1/14.
Currently ranked #1 in my model.
My forecast/plan/trend for gold mining stocks is to hold until ranking falls below #3 and/or I have held it for 90 days or more.
Prior I bought it on 12/3/13 at $17.31 and sold it on 3/14/14 at $23.96 for a 38.42% return.
ETF Equivalent is the Market Vectors Gold Miners (symbol: GDX).