Natural Resources >> Analyst Interviews >> December 25, 2000

Outlook For Gold Stocks: Victor Flores – Hsbc Securities

VICTOR FLORES is a Senior Analyst with HSBC Securities (USA) Inc., focusing on precious metals. Previously, he was associated with Marleau, Lemire Securities, Inc., and U.S. Global Investors. He earned both his Bachelor's degree in Geological Sciences and his MA in Energy and Mineral Resources Management from the University of Texas at Austin. A Chartered Financial Analyst, Mr. Flores is a member of the AIMR and the Society of Mining Engineers. Profile
TWST: Let's begin by taking a look at how the gold stocks have performed

over the past 12 months. Why have they been under such pressure?

Mr. Flores: I think there are a couple of reasons.