John Derrick is Director of Research at U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund (PSPFX), the World Precious Minerals Fund (UNWPX) and the Gold and Precious Metals Fund (USERX). Mr. Derrick is also a contributor to U.S. Global’s investment blog, “Frank Talk” (http://www.usfunds.com/franktalk).