I have received yet another promotion for John Doody’s Gold Stock Analyst this time costing $495 for which you get not only his top 10 gold tips but some silver ones as well and a video of a forthcoming conference . On top of the subscription is of course the cost of investing in the tips. Is it worth it? Does anyone out there have any experience of him?
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I haven’t written about him very often, because his ads don’t usually hint at specific ideas he likes, but there are a few past articles here: http://www.stockgumshoe.com/tag/john-doody/
His approach is very quantitative and focused on less-speculative stocks within the sector, as I remember it he’s mostly looking at stocks with proven reserves (which gets rid of a huge swathe of junior miners) that he thinks are undervalued, often before they reach full scale production.
I’ve been a subscriber the last year, but have no intension on renewing this. Just lead to some huge losses, and he had high recommendations on for instance Rubicon which is today worthless and I lost alot of money on this one.
So now you can get John Doody’s Gold Stock Analyst for $2500 as a promotion deal from the Stansberry Group. Yesterday a big hyped up webinar with one gold stock for free (I couldn’t find it in the replay though) which could make you 500%. Woohoo.
I try to watch it later
They made it clear the replay would not contain the stock recommendation. Doody also answered a question about the tip – don’t count on it going up; don’t invest much in only one of his 10 recommendations. His approach is to pick the 10 best and you’re supposed to put money into all of them; that way you’re ‘guaranteed’ to have at least a few big winners. The tip was for Belo Sun Mining (VNNHF), which had a huge jump in volume today and of course a price spike at open.
The free stock was Belo Sun VNNHF with a 10X target said a buy under .80
I wish there was more history here with this guy. This certainly seems to be the point in time where his approach could easily be a winner, but the cost of his services has also gone up quite a lot.
Not much drama when you’ve got a quant-like portfolio approach that returns only 10% a year. He’s basically an overpriced filter. I thought $495 was a bit rich, but $2500 is B.S.. for a low turnover portfolio.