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Huntwicke Capital Group Inc HCGI

Huntwicke Capital Group Inc. is a holding company, which is focused on investing in and enhancing it local community while providing long-term investment growth. The Company acquires real estate in small markets with high degrees of safety to provide income streams to its shareholders. It develops, syndicates, manages, and acquires property for capital appreciation and has growing financial services businesses that manage financial portfolios and assets for a fee, and clear private placement transactions for high-net-worth customers and institutional customers. The Company also manages a developmental soccer club as well as a soccer training program on the North Shore of Massachusetts and manages a brewery on the North Shore of Massachusetts. Its subsidiaries include Essex Private Wealth Management, Huntwicke Securities, Butler Cabin, LLC, Founders Circle Partners, LLC, Grove Partners, LLC, Riversky Realty Partners, LLC, and Aztec Soccer Inc.


OTCPK:HCGI - Post by User

Post by goldstd69on May 22, 2017 11:13am
183 Views
Post# 26270223

As I understand KLGDF in the etf GDXJ

As I understand KLGDF in the etf GDXJ
GDXJ intends to trim its holdings of KLGDF several percent from its current 5%...how fast or how soon that occurs it seems no one understands...(all seems a contrived, rigged deal but that is another topic)...so we would expect weakness until June 17...on the other hand KLGDF has stated last week they intend to buy back shares up to 10% which may offset the weakness from the GDXJ selling shares....all this assumes gold remains flat which it wont...I am concerned that gold has really had only a weak rally while the US dollar has fallen out of bed...that with a good chance of the fed raising interest rates in later June should dampen the gold price at least until after the rate raise if it occurs.  I would consider buying a little prior to the June 17 and June 25 deadlines in case the etf GDXJ has disposed of KLGDF early on.  jmho...please do your own due diligence...KLGDF remains my favorite gold stock at this price and potential.
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