2021 NVA chart, page-402

Interesting action on market for NVA post the resource upgrade.

There's no doubt the punters were looking for a number + further M&I north of the 5mil oz mark.

Whoever it has been lobbing fairly chonky bids on market late and into the match for the last couple of days has been intent on paying up (to put it nicely).

Price action now back at the all import 17c resistance / support level. MACD trending positive above the 0 control and stochastics breaking higher.

Next week will ultimately be telling for NVA to dictate short term direction. If price action can clear the 17c mark, the door is open for another test of 20c, before a crack at the previous closing high of 22.5c. If 17c fails to be taken out we can expect further consolidation to play out in the 15c - 17c zone.

POG has been pretty constructive this week. Good to see price action back at $1,750. A break back above $1,768 will see further flows back into the gold space and hopefully some of the interest in the producers flowing down to the explorers (which hasn't rubbed off as of yet)