John Doody: Gold Stocks Undervalued
QE3 on the way; gold stocks could double from here
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.
John joins Jim this week on the Financial Sense Newshour to discuss the gold stocks. John believes they are undervalued and could double in price from here, given the expected arrival of QE3 later this year. John also mentions that traditional seasonal weakness in gold stocks isn’t always valid as last summer saw price rises in many gold stocks.