The International Speculator, in its Dec. 5, 2014, issue, upgrades Rubicon Minerals Corp. (recently $1.22) to a buy from a hold, officially, "Buy first tranche." The newsletter said buy on Dec. 6, 2013, at 96 cents, and again on Aug. 6, 2014, at $1.65. Assuming an investment of $1,000 for each of the two buys, the $2,000 position is worth $1,990. The writer says Rubicon continues mine and plant construction at its Phoenix gold project in Red Lake, Ont. He believes the project can make money even if gold is under $1,000. Elsewhere in the issue, Louis James, Casey Research's senior metals investment strategist, says he is relaxing last month's stricture whereby the publication made no buys -- only holds and sells. He figures now is the time to load up on what he calls bargains during the tax-loss-selling season. Mr. James stresses he is not necessarily calling the junior market's bottom, but his outlook for the group has improved, thanks to the low prices. "I don't want to miss any chance just ahead at what may be the best
bargains we'll see before the next big run up, so I'm going to remove the 'hold' from the best
of our best picks," he says.
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