HAWKEYE GOLD INTERNATIONAL INC. (VSE:HGO) Message Board

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Gold/Mining/Energy : HAWKEYE GOLD INTERNATIONAL INC. (VSE:HGO)

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To: long-gone who wrote (259)	6/25/1997 10:54:00 AM
From: Richnorth	of 472

Hi Richard, Post the good news about Fortune, please! To be sure, the shorters of stocks are taking advantage of the following factors:- 1. continuing strength in the stock market (making gold less attractive as an investment; 2. continuing low inflation (making gold less attractive as an hedge) 3. a high U.S. dollar (making gold more expensive for foreign buyers) 4. continuing fears of European central bank selling (sparking fears of a glut). Even Barrick and Placer Dome were not immune to price drops. But Fortune has been holding up pretty well because the holders of this stock (mostly Management and friends) know their stock well. But even they can short the stock if they want to! But I hope it will NOT happen. Let us hope that when the turnaround for gold comes, non-gold investors will dump their equities and buy gold big time thereby sending the price of gold stocks way way up PDQ! Cheers! Richnorth

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