02:39:14 EDT Thu 18 Apr 2024
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Rubicon Minerals Corp
Symbol RMX
Shares Issued 370,539,244
Close 2014-08-22 C$ 1.49
Market Cap C$ 552,103,474
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Int'l Speculator says buy Rubicon, mulls WW III

2014-08-22 18:58 ET - In the News

The International Speculator, in its Aug. 6, 2014, issue, says buy Rubicon Minerals Corp. at $1.65, officially, "Buy first tranche." The newsletter said buy on Dec. 6, 2013, at 96 cents. Assuming an investment of $1,000, the position is worth $1,701. The writer says tlhat Rubicon completed a financing and continues to build its Phoenix gold mine just north of Goldcorp Inc.'s Red Lake gold mine in Ontario -- but not much else about the company. Elsewhere in the issue, senior metals investment strategist Louis James declares, "Our world seems to be catching fire." Mr. James lists the world hot spots, including Israel's invasion of the Gaza Strip, Syria's civil war and entry of ISIS fighters, China's spat over sovereign waters, Iraq and Libya's continuing disintegration, and crisis newcomers Azerbaijan and Armenia which, apparently, have begun shooting at each other again. For Casey Research and its staff, all these crises point to one thing: The sensible investor should get into gold in a serious way. This has been founder Douglas Casey's theme since at least the early 1970s. Mr. James says World War III looks "closer than ever." Even if war is averted, he adds, gold prices should at the very least trade sideways, but more likely, edge higher in the years to come.

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