John Doody

Podcast

John Doody: The Falling Knife of Mining Stocks Has Hit the Floor

Great gains can be bought on the cheap at these prices
Saturday, March 23, 2013, 12:31 PM

Look across the universe of equities these days and it's hard to find a stock sector more thoroughly hated by investors than precious metals mining companies.

They are supposed to act as leveraged investments on the price of the precious metals. However, on average, the sector has underperformed the price action in gold in silver over the past several years. In fact, many miners have been absolute widowmakers.

On top of that, as the stock market has powered to new highs over recent months, many miners and mining indexes have sunk to multi-year lows.

What gives? » Read more

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John Doody

John Doody

John Doody brings a unique perspective to gold stock analysis. With a BA in Economics from Columbia, an MBA in Finance from Boston University, where he also did his PhD-Economics course work, Doody has no formal “rock” studies beyond "Introductory Geology" at Columbia, taught by the University's School of Mines.

An Economics Professor for almost two decades, Doody became interested in gold due to an innate distrust of politicians. In order to serve those that elected them, politicians always try to get nine slices out of an eight slice pizza. How do they do this? They debase the currency via inflationary economic policies.

As Doody initially studied gold stocks, he had a hard time deciding which to buy... their share prices, market capitalizations, production and reserve levels were all different, yet each made exactly the same product: Gold.