John Doody

John Doody brings a unique perspective to gold stock analysis. With a B.A. in economics from Columbia and an MBA in finance from Boston University, where he also did his PhD in economics course work, John 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, John became interested in gold due to an innate distrust of politicians and concern over their habit of debasing the currency via inflationary economic policies. 

As john 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. 

To solve the dilemma and determine which gold stocks represent the best value at a point in time, John popularized a metric called market cap per ounce, in which a company's stock market capitalization (number of shares times stock price) is divided by the ounces produced per year, or its ounces of Proven and Probable Reserves. This puts all the miners on the same basis, so when buying you know how much you are paying for each ounce of production and each ounce of Reserves. The market cap per ounce values are wide-ranging... sometimes justified and sometimes not. This simply means that "Mr. Market" is inefficient and does not always price a stock correctly, which creates many of the opportunities identified in the Gold Stock Analyst newsletters.

As a result of this Market Cap metric, John's newsletters cover only producers or near-producers that have an independent feasibility study validating that its reserves are economic to produce. Success with this method of finding undervalued gold mining stocks led John to leave teaching and start Gold Stock Analyst late in 1994 to make his research available to everyone. The results to date have been spectacular: through 2020, the GSA Top 10 Stocks portfolio has a cumulative gain of over 1,200%, and an average annual gain of 24% per year.