The GBP/USD pair has recently declined, closing at 1.24445 on February 12 (-0.0233%) after a 0.6688% increase on February 11. Volatility has dominated recent sessions, with fluctuations between 1.2400 and 1.2500. The decline was triggered by US inflation data, which strengthened expectations of higher Fed rates, weighing on the pound. Despite a 2.5% increase in UK retail sales (compared to the expected 0.2%), GBP struggled to maintain upward momentum, further pressured by uncertainty surrounding US tariffs on steel and aluminum. Technically, support between 1.2320 - 1.2330 remains crucial for potential rebounds towards 1.2550 - 1.2600, but future movements will depend on upcoming economic data and monetary policy expectations on both sides of the Atlantic.
Technicals should speak for themselves. Plenty of room to the upside here, even more so with gold flexing its muscle more than ever. Dakota Gold Reports Significant Heap Leachable Gold at Richmond Hill Totaling 3.65 Million Ounces of Measured and Indicated Mineral Resources Lead, South Dakota--(Newsfile Corp. - February 6, 2025) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") is pleased to announce its S-K 1300 Initial Assessment ("Initial Assessment" or "Report") has outlined a robust resource1 focused on heap leachable material at the Richmond Hill Oxide Heap Leach Gold Project ("Richmond Hill" or "Project") in South Dakota that will provide a pathway to near term production. Highlights: The 3.65 million ounce measured and indicated ("M&I") heap leachable resource will inform the Initial Assessment with Cash Flow ("IACF") planned for release mid-2025. The IACF will outline a potential at surface heap leach operation similar to Coeur Mining's profitable Wharf Mine located 5 km to the south of Richmond Hill. Additionally, the Report has identified a heap leachable inferred resource of 2.61 million ounces. Mineralization is shallow with portions of the resource exposed at or near surface. Major factors informing this resource include additional infill and step-out drilling, analysis of the drilling data, additional metallurgical test work to refine the geometallurgical domains, and evaluation of alternative process methods - notably, heap leach of oxide and appropriate transition zones. Silver was also included in the updated resource. The heap leachable resource remains open to the north and in the southeast area of Richmond Hill. Both areas are currently in the process of being permitted for 2025 drilling with the goal of expanding the resource with material amenable to heap leaching. Additionally, drilling is planned to begin converting resource to reserves and gathering additional metallurgical data. Complimenting the heap leachable resources, the Report has also identified significant milled resources and outlines a combined heap leach and milled M&I resource of 4.64 million ounces and combined heap leach and milled inferred resource of 5.06 million ounces noted in Table 2. The additional milled material provides long-term optionality for the Project. Barrick Gold has agreed to extend the option period for the Richmond Hill option and the Homestake option agreements until December 31, 2028 in return for additional annual payments of $170,000 and $340,000 respectively. The first of these payments are due March 1, 2026. Dr. Robert Quartermain, Co-Chair, President, and CEO of Dakota Gold said, "The heap leachable resource we have identified at Richmond Hill is transformational for Dakota Gold and forms the platform from which we can grow and expand our mining and exploration activities in the Homestake District. In less than three years since commencing drilling, we have outlined a significant near-surface heap leachable resource that we expect to advance through economic studies to Feasibility, and into commercial production as soon as 2029, based on our current work and project understanding. The Project has significant advantages as it is located on private land, in an area that has existing infrastructure and is a 15-minute drive from our headquarters in the city of Lead. We expect these factors to be greatly beneficial in reducing both construction costs and timelines to potential production. We also expect that the Project has potential to generate significant free cash flow once in production, which benefits all stakeholders including our shareholders, local communities and the State of South Dakota." James Berry, VP Exploration commented, "The results of the new resource for Richmond Hill have exceeded our expectations and showcase the extent and quality of the Project mineralization. The step-out drilling incorporated in this update was very successful as evidenced by the expanded resource. Drilling encountered gold mineralized material in nearly every hole and also encountered higher silver grades than those in the other areas of the resource. We look forward to doing follow up drilling in the northeastern portion of the Project as well as the other target areas outlined in the Report in anticipation of a further resource expansion in 2025." Resource Overview: The oxide dominant resource announced today has been significantly upgraded from the maiden Initial Assessment resource ("maiden resource") reported previously in April 2024. In the maiden resource at Richmond Hill, the oxide resource was 60% inferred and had no measured resources. In today's resource update, the leach resource is almost 60% measured and indicated, split roughly equally, and this higher confidence level represents a positive step towards feasibility study stage, and de-risking the Project. The resource is informed by a historical database containing 56,734 gold assays from 902 drill holes totaling 90,447 meters of drilling, and an additional 30,743 gold assays from 146 drill holes totaling 45,540 meters of drilling by Dakota Gold since 2022 to expand the resource. With the new resource completed, work has begun on the IACF expected mid-2025 and is focused on areas where the resource contained higher-grade heap leach material. Dakota Gold has contracted with M3, RESPEC, IMC and Woods Processing to undertake the necessary engineering and metallurgical studies currently in progress to advance from the IACF to initiating a full feasibility study in mid-2025. Concurrently the Company is undertaking baseline environmental studies that will inform future permitting requirements. Richmond Hill is expected to have economics similar to the adjacent Wharf Mine of Coeur Mining which is expected to generate over $100 million in free cash flow in 2024 from approximately 90,000 ounces of gold. The Richmond Hill Oxide Heap Leach Gold Project is located primarily on previously mined, private land and we believe we can advance the project expeditiously through permitting, development and into production. The non-binding financial proposal for up to $300 million for a development opportunity with Orion Mine Finance, our major shareholder, which was announced on October 12, 2023, could provide Dakota Gold with the financial pathway to a commercial gold operation. The Report will be published on the Company's website and filed by the Company with the Securities and Exchange Commission on EDGAR as an exhibit to its Current Report on Form 8-K dated February 6, 2025. The Report was prepared by an independent group of Qualified Persons under Independent Mining Company ("IMC") and Woods Processing. https://www.newsfilecorp.com/release/239866 AMEX:DC
Within the last month, we have watched NASDAQ:GOOGL get absolutely crushed, most of which has to do with a generally weak earnings report in early February. However, skepticism of this price action and investor sentiment is the only thing that should be on anyone's mind right now. One thing we know for a fact is that Google isn't going anywhere especially considering all the data they collect on their users. So why not apply this reasoning into buying the dip? To answer that, we should Look First/Then Leap ... Here is the 4 Hour chart refencing back into September of 2024. https://www.tradingview.com/x/V29O5bSV/ Let's start with the circle. The reason I have the area marked is because of the key factors in play that indicate we may possibly be bottoming out on this timeframe. Firstly, there are two lines to keep an eye on, a diagonal trendline and a horizontal price-level line. NASDAQ:GOOGL 's price action seems to obey these two levels (for whatever reason), which are coincidentally in the same area at the same time. Secondly, NASDAQ:GOOGL has just shown a rebound from the 400 EMA which also falls within this area giving a sort of "stars aligning" situation here. But the price action doesn't have to be the only thing we examine to analyze $GOOGL. This is the MACD indicator on the 4 Hour timeframe referencing back to September of 2024. https://www.tradingview.com/x/d5nr2xUN/ This MACD chart shows the comparison between the last regional low for the MACD compared to the recent regional lows. Between these lows there is an interval of 76 to 78 calendar days (just over 2 and a half months) if I am not mistaken, which should strike some traders as very odd considering their similarity in distance. Amazingly, that's not even the weirdest part... This is the combination of both charts. https://www.tradingview.com/x/05GGN1kH/ How about that? Not only are the lengths between regional MACD lows similar, but NASDAQ:GOOGL 's returns between these periods are only roughly 2/3% in difference to each other. This just shows that there is more that what meets the eye when it comes to charting. Always look where others don't because that's where some keys are found. In conclusion, I will be taking a long position on NASDAQ:GOOGL for the reasons stated above. When stars align like this, we are given no option but to act upon our rationality instead of our emotions...
✅ EUR/CHF rejected the key resistance at 0.95073, signaling selling pressure. The price is expected to drop slightly toward a consolidation zone around 0.94600. SHORT ? ✅ Like and subscribe to never miss a new analysis! ✅
Holy smokes what a double bottom EOS is the obvious choice Not financial advice
Nothing much to say. We have Higher probability to test the resistance channel which is around 103000. This view become active if the proce close above 98500 enabling falling wedge breakout volume shoot the price towards bigger channel resistance aroun 103000
JP225USD - 24h expiry Buying pressure from 38377 resulted in prices rejecting the dip. The current move higher is expected to continue. With the Ichimoku cloud resistance above we expect gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 39400 level. We look to Sell at 39400 (stop at 39732) Our profit targets will be 38452 and 37705 Resistance: 39660 / 40720 / 42155 Support: 37705 / 36330 / 34955 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Ethereum traction will push it price beyond 2025 local top + $10k!
i was always a #BABYDOGE fan in its whole chart we can see much more than a memecoin ! the whole pattern is a really huge triangle which has a 5 waves structure and also a huge demand zone which is touched and im sure that whenever this triangle be broken this coin is able to make a real profit ! https://www.tradingview.com/chart/BABYDOGEUSDT/3GByWEjD-BABY-S-WORST-SCENARIO/ https://www.tradingview.com/chart/BABYDOGEUSDT/w57oVO9r-BABYDOGE-sonami/
Holding since May of '20. I'm going to give this until August before I move 100% crypto portfolio into Arweave.