Resource World Magazine

F E B R U A R Y / M A R C H 2 0 2 0 www.resourceworld.com 13 JUNIOR MINING chart pattern similar to that of gold and once again pushed up against mid-term resistance at about US $2.85. Should it break through, then the longer-term highs of US $3-$3.25 may be achievable. Crude oil, following its dramatic collapse to US $25 in 2016, has slowly recovered in a series of higher lows to about US $63/ bbl. A breakout above US $65 could signal an advance to recent resistance of US $75 and if that holds then a major move higher to US $100 or beyond may be in the cards. As of January 8, Brent crude was US $69.42/bbl and West Texas Intermediate was US $63.65. With about a quarter of the world's oil going through the Strait of Hormuz, its price is heavily influenced by geopolitical events. And with a more subtle sign of a bull market, sources inform me that adver- tising interest in resource publications has reached levels not seen in years. Advertisers tend to be frugal with their budgets, but they are also frontline benefi- ciaries of investor interest in their sector. If resource companies, advertisers and publications are receiving greater investor or reader interest, then by extension this increased interest will reflect in the mar- kets ahead. I've been involved with the resource industry and markets going back to the early 1970s and I don't recall another time, except for perhaps the historic run up in 1978-1981, that I have sensed that all of the indicators are aligning for a dramatic move higher. Resource prices, company activity, market indexes and history all point to higher prices ahead. The usual first quarter rally in resource stocks seems a given. Whether it continues throughout the year, or I'm wrong and we get another disappointing pullback, remains to be seen. But from my perspec- tive, that little 3-point gap higher that the TSX Venture Exchange took last December was the subtle sign for the long anticipated and very overdue better days for resource prices, companies, investors, and related entities and the start of a real long-term commodities bull market. Investor prudence is still a must and past markets have proven that taking profits wisely provides the cash available to reap- ply in the inevitable pullback that follows. Recent years have proven that the adage of 'Sell in May and go away' was the way to play resource stocks. But this year may just be the year to keep some skin the game past May and, if the planets are indeed aligned, then this market may go higher well past the first quarter, May and beyond. A change in sentiment towards resources and resource stocks is in the air. These changes could well be dynamic and take the resource market to heights not seen in many years. As always, invest wisely and take profits accordingly, but as they say "Mind the Gap". n • Argentina's best-positioned uranium & vanadium exploration company with more than 4,000 km 2 (400,000 ha) of properties; • Flagship project a part of Blue Sky's new 145 km district that hosts the largest uranium resource in Argentina with a PEA; • Ivana deposit hosts Inferred resource of 22.7 million pounds of U 3 0 8 and 11.5 million pounds of V 2 O 5 ; • Excellent candidate to be the first low-cost, near-term uranium producer in Argentina, with additional potential vanadium credits. TSX.V: BSK OTC: BKUCF

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