looking back over 2021 the share price of this royalty company has done it all. We have seen a sell-off that culminated in massive volume (for this company) putting in a base. We then carved out a trading range before catching a bid to new 52 week highs. The recent breakout was welcomed, but the pullback to previous resistance on low volume, which is now acting as support, is crucial. Assuming the bull move is not over and buyers buy into value, the measured move of the trading range breakout would take us up to C$5.00 in the last 7 days Vox is up 5.1% 1 year up 34.2% Oct 01 - Vox Provides Recent Development and Exploration Updates from Royalty Operating Partners Gold Standard Ventures, Genesis Minerals Limited, Metalicity Limited, Black Cat Syndicate Limited, and Norwest Minerals Limited The thing that is concerning me the most is what is going to happen with interest rates going forward. The eurodollar market is falling which suggests that yields and interest rates are being priced higher into 2022 and 2023. The Fed have obviously signaled that they will raise rates when they have completed their tapering. Higher bond yields and interest rates are generally bad for Gold.
Vox Royalty continues to update investors with their partner's progress. https://www.voxroyalty.com/_resources/news/nr-20211020.pdf For those that have been following along from the Spring'21 lows, the sideways period between May and September looks more and more like an accumulation phase. Now that we have broken out of the 2021 trading range we're looking more likely to test the measured move levels above.