Abstract: A magnetic flux-shifting or magnetic latch valve includes a first flux path including a first permanent magnet having a large coercive force so that its polarity cannot readily be altered. It further includes a second flux path including a second permanent magnet having a small coercive force so that its polarity can be altered. A valve according to this invention further includes a d-c source and a winding energized by said d-c source for altering the polarity of said second magnet.The fluid valve includes a valve element and a valve seat cooperating with the valve element. The valve has two limit positions, i.e. fully open and fully closed. In the fully closed position the pole surfaces of magnetic flux paths have the same magnetic polarity and hence do not attract each other permitting gravity, spring or hydrostatic means to form a gap therebetween.