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GoldHaven on the Verge of Releasing ResultsBob Moriarty For those who hoped we had skipped over World War III, we have not. We are in an intermission until the Mossad and CIA can arrange a reasonably believable false flag operation to fool the masses. But for resource investors there is a lot of good news. Gold, silver and platinum have had big runs. A correction would be perfectly reasonable to look forward to. However, if we are in a correction, it’s a pretty weak correction. I believe the Chinese and other BRICS nations now control the precious metals markets. They set the price. They see the US and the debt based financial system of the West as being in a state of collapse. China is even suggesting their citizens invest in the lower cost metals such as silver and platinum because relative to gold they are cheap. As a result, platinum is up 50% in less than two months. I expect that to continue. For 99% of the time from the European discovery of platinum in 1735 until today, platinum has carried a premium to gold. I expect that to resume. I’m not a giant fan of Trump’s version of the Build Back Better bill because it will drag the US into bankruptcy a lot sooner but for US resource investors it is a golden life line. Robert Sinn of Goldfinger Capital has posted a brilliant video about how the terms of the BBB are going to result in a resurgence for the junior mining sector. And while I’m still mumbling, typically July is the lowest month of the year for gold and gold shares but as we rotate into August everything starts to come up roses from a seasonal point of view for the metals. August through October is the best time of the year to be invested in gold and gold shares. Silver bottoms in August and then starts up. Rick Rule has pointed out lately that as a percentage of total stock investments, mining has dipped to the lowest level in history at a tiny half of one percent. The average is three percent so it would be just regression to the mean to go up 500%. For a lot of reasons, it’s a good time to be looking for good stocks in the bargain basement. Someone I have known for years contacted me recently suggesting I look into a company that he became president and CEO of about thirteen months ago. I did and I bought some shares in the open market. The company is GoldHaven Resources (GOH-C). Rob Birmingham has made a lot of changes to GoldHaven Resources since then and it looks as if his move is about to pay off in a big way. He had been with another company based in Brazil which was taken over by GoldHaven. I’m going to focus this piece on the project in Brazil since it could have market moving results coming out in the next three weeks. But GoldHaven has three major projects including two in Canada. While the upcoming results will be from a drill program at the Copecal gold project in Brazil, the company is raising $500,000 of flow-through funds which will have to be spent in Canada. AngloGold Ashanti spent over $1 million US conducting regional exploration at Copecal in Brazil in Mato Grosso State from 2010 to 2016. Their work defined two distinct gold-in-soil anomalies associated with chargeability highs and structural intersections. GoldHaven picked up 100% ownership of Copecal in January of this year. GOH began a 2,000-meter auger drill program a month ago and has completed 70% so far and sent the samples off for assays. 2,000 meters of drilling doesn’t sound like much but these are 5 to 30-meter holes from the surface in anticipation of providing targets for a Phase Two air core and RC drill program later in the summer. 350 samples have been sent for assays. Those who have been following me for a period of time or have read my books understand that I put great importance on buying when things are cheap for the very simple reason that they are cheap. Based on Friday’s price for GoldHaven the company has a market cap of only $4.13 million. Do I really need to point out how cheap that is? As of April 30th the company still had $1.2 million in the bank. They have news coming out in the next three weeks that could be a gamechanger. To me it looks like worth throwing the dice. GoldHaven is an advertiser. I have bought shares in the open market. Of course, I am biased so do your own due diligence. GoldHaven Resources ### Bob Moriarty |