One Drill Rig Cutting Gold is Good, Two is Better, As This Gold-Finding Upstart Keeps Impressing

Gold has been on a terrific run lately, climbing from a 52-week low of $1,673 U.S. per ounce in March to back over $1,900 this month. The 52-week low needs to be kept in context as it only came after gold set an all-time high of $2,089 in August 2020. Part of the recent uptrend is owing to goldilocks numbers from the U.S. jobs market, including wage inflation continuing to increase, coming in at +0.5% in May after +0.7% in April.

On this trajectory, gold could be back over $2,000 an ounce again in a matter of months, or even weeks. Gold explorers have been benefiting from the favorable outlook. Graycliff Exploration Limited (CSE:GRAY) (OTCQB:GRYCF), a junior explorer making substantial progress at its Shakespeare Gold Project outside Sudbury, Ontario, has been a standout, rising 84% from 51 cents on May 12 to 94 cents on May 19. The stock has … Read the rest

Predictive Maintenance Market – The Evolution from Niche Topic to High ROI Application

Predictive Maintenance Market - The Evolution from Niche Topic to High ROI Application
In short:

  • In just five years, predictive maintenance has moved from an uncertain, standalone niche use case to a fast-growing, high return on investment (ROI) application that is truly delivering value to users.
  • These developments are an indication of the power of the Internet of Things (IoT) and artificial intelligence (AI), and the market is still in its infancy.
  • A new IoT Analytics report estimates that the $6.9 billion predictive maintenance market will reach $28.2 billion by 2026.

IoT Analytics, a leading provider of market insights and competitive intelligence for the Internet of Things (IoT) and Industry 4.0, extensively researched the predictive maintenance market and found that it is no longer a niche topic but has become a viable IoT application that is delivering overwhelmingly positive ROI.

In 2015, when IoT Analytics initiated research coverage on the topic of IoT-driven predictive maintenance, the market was almost non-existent. Knud Lasse Lueth, … Read the rest

S&P Closes Out Winning Week at Record High

U.S. stocks climbed on Friday as the key May jobs report showed solid gains, boosting confidence in the economic comeback.

The Dow Jones Industrials leaped 179.35 points at 34,756.39

The S&P 500 gathered 37.04 points to 4,229.89.

The NASDAQ jumped screamed higher 199.98 points, or 1.5%, to 13,814.49.

The major averages all registered modest gains for the week. The blue-chip Dow moved up 0.7% and the S&P 500 advanced 0.6% on the week for their second straight positive week. The tech-heavy NASDAQ gained 0.5% this week for its third winning week in a row.

Meme stocks continued their wild prices swings on Friday, but this time to the downside. AMC Entertainment ended the session down 6.7%, but still gained more than 80% this week. BlackBerry fell 12.7% Friday, paring its rally this week to 37%.

The U.S. economy added 559,000 jobs in May, the Labor Department said on Friday. The … Read the rest

Telit Expands Latin America Leadership with Expanded Hi-Mix Partnership in Brazil

Telit Expands Latin America Leadership with Expanded Hi-Mix Partnership in Brazil

  • Telit’s decade-long partnership with Hi-Mix provides Brazil users with extensive IPI tax savings and an even more compelling upgrade path from 2G and 3G to 4G LTE
  • Hi-Mix is initially manufacturing the Telit ML865G1-WW module in April 2021, with a roadmap that includes ME310G1-WW, ME910G1-WW and LE910S1 modules

Telit, a global enabler of the Internet of Things (IoT), today announced an expansion of its partnership with Hi-Mix Eletrônicos S/A, an Electronic Manufacturing Service (EMS) provider in Brazil, to include production of LTE modules.

The expansion directly benefits Telit customers in Latin America by enabling them to take advantage of two major tax credits for modules manufactured in Brazil.

The partnership expansion provides device OEMs and systems designers with a 100 percent exemption from Brazil’s Imposto sobre Produtos Industrializados (IPI) federal tax levied on imported products if they source Telit’s LTE modules from Hi-Mix. In addition, customers receive the Brazil Basic … Read the rest

First 20K+ Finish for TSX!

Friday proved historic for stocks in Toronto, with the country’s main exchange smashing its way past the 20,000-point barrier for the first time ever, mostly on the strength of resource stocks.

The TSX rocketed 87.8 points to end Friday at 20,029.19. On the week, the improvement was 177 points, or 0.9%.

The Canadian dollar restocked 0.15 to 82.72 cents U.S.

Energy led the charge upward Friday, with Vermilion Energy soaring 36 cents, or 3.6%, to $10.46, while Cenovus Energy gained 30 cents, or 2.7%, to $11.42.

In materials, Ero Copper took on $1.26, or 4.8%, to $27.79, while Hudbay Minerals strengthened 35 cents, or 3.9%, to $9.25.

In gold, Oceanagold shone six cents, or 2.4%, brighter, to $2.55, while Seabridge Gold zoomed 49 cents, or 2.2%, to $22.87.

Health-care stocks let the side down somewhat, however, with Organigram Holdings down 23 cents, or 5.8%, to $3.71, while Aurora Cannabis docked … Read the rest

Trusted Connectivity Alliance Welcomes Success of Integrated SIM Standardisation

Trusted Connectivity Alliance Welcomes Success of Integrated SIM Standardisation

Newly published paper recognises high levels of security assurance and global interoperability provided by standardised integrated SIM solutions.

The Trusted Connectivity Alliance (TCA) has published a new paper welcoming global standardisation efforts that have evolved integrated SIM functionality.

Within the document, TCA advocates global, open standards developed by recognised industry organisations including GSMA, which ensure that integrated SIM technologies for secure connectivity and services can provide interoperability and security levels that match their embedded and removable SIM counterparts.

The paper – which is titled Integrated SIM Functionality: Drivers, Approaches to Standardisation and Use Cases –defines an integrated SIM as a solution where SIM functionality is implemented on a hardware Tamper Resistant Element (TRE)* integrated within a host System-on-Chip. In addition to considering market forces driving the integration trend, the paper also summarises current industry standardisation efforts, details use cases and explores benefits of integration for device security.

from removable SIM to integrated SIM
Claus Dietze, … Read the rest

Trade Figures Due Next Week on Both Sides of Border



Economic Lookahead

Consumer Credit (April)

Featured Earnings

Marvell Technology Inc. (NASDAQ:MRVL) (Q1) EPS projected for 19 cents, compared to nine cents in the prior-year quarter.

Coupa Software Incorporated (NASDAQ:COUP) (Q1) EPS projected for loss of $1.01, compared to a loss of 14 cents in the prior-year quarter.

Vail Resorts, Inc. (NYSE: MTN) (Q3) EPS projected for $6.67, compared to $3.74 in the prior-year quarter.


Featured Earnings

Advantagewon Oil Corp. (C.AOC) (Q1) EPS projected for loss of seven cents, compared to a loss of one cent in the prior-year quarter.



Economic Lookahead

Trade Deficit (April)

Job Openings (April)

Featured Earnings

GameStop Corporation (NYSE:GME) (Q1) EPS projected for loss of 56 cents, compared to a loss of $1.61 in the prior-year quarter.

Casey’s General Stores, Inc. (NASDAQ: CASY),(Q4) EPS projected for 67 cents, compared to $1.67 in the prior-year quarter.

Thor Industries (NYSE THO) (Q3) EPS

Read the rest

Safecube launches LocaTrack, a new IoT-enabled asset tracking solution powered by Sigfox network

Safecube launches LocaTrack, a new IoT-enabled asset tracking solution powered by Sigfox 0G network

French company Safecube, born from a joint venture between Michelin, Sigfox France and Argon & Co in 2019, is launching its new LocaTrack asset tracking solution with IoT technology.

Safecube continues its development in the supply chain ecosystem by providing visibility on transport flows and now assets by leveraging digital innovations such as IoT.

Its initial solution proposed real-time visibility on multimodal flows with an IoT approach. Michelin was the first to use Safecube’s IoT service.

Today, the company is diversifying by creating an asset tracking solution, LocaTrack. This solution will track and monitor assets, while the first Safecube solution provides visibility over supply chain flows.

What is LocaTrack?

Almost two years after the launch of its first flow tracking solution, Safecube expertise has expanded to include asset tracking.
The purpose is to offer a global view of the fleet using an intuitive interface for monitoring assets activity. … Read the rest

TSX Falls Just Short of Breakeven

Stocks in Toronto got to the precipice of breaking even to Thursday, but then fall back, with resource stocks weighing heavy on proceedings.

The TSX fell 29.76 points to conclude Thursday at 19,941.39.

The Canadian dollar docked 0.44 to 82.61 cents U.S.

Among utilities, Boralex gained 69 cents, or 1.8%, to $37.76, while Altagas took on 38 cents, or 1.6%, to $24.70.

In the financial area, Canaccord Financial Group zoomed 81 cents, or 6.1%, to $14.14, while Intact Financial jumped $5.59, or 3.4%, to $169.22.

In techs, Descartes Group popped $4.53, or 6.4%, to $75.00, while Alithya Group prospered 20 cents, or 6.6%, to $3.22.

Resource stocks did not do so well, however, with Alamos Gold dropping 45 cents, or 4%, to $10.72, while Equinox tumbled 53 cents, or 4.7%, to $10.67.

Elsewhere, Endeavour Silver lost 54 cents, or 6%, to $8.48, while New Gold dipped 19 cents, or 7.1%, … Read the rest

Interview with Nicolas Andrieu, SVP EMEA at Sigfox: How IoT has only just begun to revolutionise agricultural trade

Nicolas Andrieu Sigfox

Interview with Nicolas Andrieu, SVP EMEA at Sigfox.

IoT Business News : What IoT solutions has Sigfox created/been part of creating which are already enabling farmers to improve their productivity and optimize their supply chain?

Nicolas Andrieu (Sigfox): At Sigfox, we have long recognized that IoT has great potential to dramatically transform agricultural productivity, leading to greater food security and improved income for farmers.

Our company provides a ultra-low-cost and ultra-low-power 0G network and IoT (Internet of Things) services focused on asset visibility and tracking. Together with our wide ecosystem of partners – who develop, sell and support Sigfox connected devices – we are helping some agricultural companies and farmers accelerate their digital transformation, develop new services and create value.

One example in Kenya is Twiga Food’s Takuwa farm. Twiga Foods has demonstrated the benefits of adopting IoT solutions for precision farming. For example, it has reduced pesticide consumption. The … Read the rest