When I chatted with John last week at the New York Hard Asset Investment Conference, I asked him why, this January on FSN, he said he didn't think gold would ever go any higher than $2,000/oz.

My question was greeted with a playful smile while he explained,[my words interpreting the gist of what he said], that as so many others were making stratospheric predictions for peak gold prices, he just wanted to add some conservative anchorage to all those frothy expectations.

Secondly: As we saw on Kitco's May 13th video interview, John said he only covers companies that are in production or are near production and that have RESERVES.

Well, in his GSA, John covers US Gold.

US GOLD HAS NO RESERVES and NO PRE-FEASIBILITY STUDY! (and, I think, not even a scoping study.)

Note: Hysteria attributes this US Gold exception as it's a Rob McEwen company. I look forward to seeing an additional exception to those companies Doody already covers based on Jim Puplava's large ownership of TDC and Doody's friendship with Jim.

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