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Good sleuthing !
Lighthouse gold model, anyone hear of this?
Analysis: Gold Price Should Be $8,900 (5x Higher) And Here Is Why
Author: George Georgiev Last Updated Mar 29, 2020 @ 18:17
The global financial markets took a serious hit this month amid the growing fears of the spreading novel coronavirus (COVID-19). However, amid times of economic uncertainty, investors often turn to gold as a hedge to protect their portfolios.
According to one model, the fair value of gold right now should be around $8,900, which is more than five times greater than what it’s currently priced at.
The Lighthouse Gold Model
The price of gold currently hovers at around $1,600 per ounce. This marks an 11% increase in the past six months but a 1% percent decrease in the last month. Given the performance of the global financial markets, gold is seemingly holding up nicely.
However, according to the so-called Lighthouse Gold Model, its fair value is around $8,900 – approximately six times more than its current price.
This was recently brought up in a Twitter thread. According to the model, the work of Eddy Elfenbein, “gold price rises if real interest rates are below 2% (real – 3-month T-bills minus CPI) with 6.5x the difference to 2%. Conversely, gold should fall by 5x the difference if real rates are above 2%.”
It’s worth noting that the T-bills abbreviation stands for Treasury Bills. CPI, on the other hand, stands for the Consumer Price Index.
The post also provides an example with 3-months T-Bills at 0% and CPI at 1.75%, where the real interest rates would be -1.75%. The difference to 2% is 3.75, and in this environment, the price of gold should rise at 24.375% per annum (6.5 x 3.75).
Gold Price, Lighthouse Model. Source: MacrouTourist Twitter
Gold’s Performance Through The Coronavirus Crisis
While it managed to stabilize at the time of this writing, gold also had a very challenging month in March. At one point, it went from a 7-year high at around $1,700 down to $1,490, recording a total loss of 12%.
However, according to popular economist Peter Schiff, this is because investors are simply unaware of what will follow.
Speaking on the matter, he said:
Gold is falling because investors are clueless as to what is coming. Their mindset is similar to that of central bankers. They have no idea how bad the consequences of the current monetary & fiscal policy mistakes will be. When they figure it out en masse, gold will skyrocket.
It’s interesting to see where the precious metal will take it from here as a lot of experts believe the crisis is only just beginning.
https://cryptopotato.com/analysis-gold-price-should-be-8900-5x-higher-and-here-is-why/
Commercial buying:
1832 Asset Management increased their load by 44.82% to 8.6 m shares
Wish it was me!
Sid
https://simplywall.st/stocks/ca/materials/tsxv-knt/k92-mining-shares#ownership
Insider buying:
John Stalker bought 124.6 k shares at $4.42 on March 7, 2020
Good enough for me.
Sid
https://simplywall.st/stocks/ca/materials/tsxv-knt/k92-mining-shares#ownership
Yah right, longs are sitting on .5 billion shares!!
Hmmmm, interesting, nice azz too.eom
KMAG 's lawyers have already stated that the fins they reviewed, and the sames reviewed by Donald Page, were sufficient for a form 211, to my recollection.
Peorge, read the Q and then let it go. eom
Philly, class action on your part. eom
Therefore Smoke_em is safe. eom
Thx Carmil1 !
We are very fortunate that Smoke_em shares his info .... anyhow anyone is free to hire an attorney, and attorneys talk to each other, not people like you or me for that matter. You got to pay to play .... so please hire an attorney and post your info.
There is the first 2 mil, are you laughing? I am.
We'll see tomorrow if it is made up or not and for now we will see who is buying as "someone" has a big buy order in at .005; the day is young.
Kmag is going to lay low until their fins are strong enough for the uplist imho
Hey sod ill take some of those .002s! !! Bring the rest on!!!
Right on smoke em! !
It depends on who you believe, JR's lawyers or LinkedIn, it is not LinkedIn whose azz is on the line here .... below is a quote from the SRFF letter dated Sept 27, 2012 stated that Page did this work for the July 2012, Quarterly Report:
“We are informed that after Ms Lawrie prepared the amended financial statements and notes they were reviewed by Donald J. Page, a CA who for 30 years practiced public accounting with Clarkson and Gordon (now known as Ernst and Young).”
$11.20 brings her down .... what a joke. eom
Any green action is good action. eom
Thx rookie602!
“Subject to the foregoing, we also advise you that, to the best of our knowledge, after inquiry of management and directors of the Issuer, none of the Issuer, any 5% holder, or council is currently under investigation by any federal or state regulatory authority for any violation or state security laws”
SRFF, Sept 27, 2012
Re: KMA Global .... Fiscal Quarter ending July 31, 2012.
Hmmm, interesting, if this is true, then it proves that JR was buying shares and that is a very good thing.
"you know" is not proof of anything. eom
If it was Jeff's business plan to get KMAG suspened then I am sure that he would have told us.
Is anyone keeping tabs on how much of the float has been turned over since suspension?
Please post proof of your statements. eom
Please post a copy eom
Jr buying more shares today
The links between KMAG and r-pac are strong:
From the r-pac website:
• DUALTag™
Combines the active elements of each of the two most common EAS technologies into a single source-tagging unit. Fully certified by both Checkpoint and ADT/Sensormatic and designed for high-speed automated application, DUALTag™ eliminates the dual inventory problem which solves a problem for many OTC, HBA and Electronics and Entertainment products.
• NEXTag RF
We manufacture a variety of generic and custom Radio Frequency (RF) sew-in labels which are fully compatible with the systems and deactivators of Checkpoint, Gateway, Nedap, Lucatron and most other 8.2MHz RF systems.
• NEXTag AM
We manufacture a variety of generic and custom Acousto Magnetic (AM) sew-in labels which are fully compatible with the systems and deactivators of ADT/Sensormatic Ultra Max, Gateway Stargate, SensorSense, WG Multi Guard, Pro Guard and Sky Guard.
http://www.r-pac.com/RFID/index.html
From KMAG website:
NEXTag One RF
NEXTag One AM
DualTag™ RFID
http://www.kmaglobalsolutions.com/index.php?option=com_content&task=view&id=19&Itemid=41
Imo this proves the link between Jeff and r-pac, and we know who owns the patent.
As for the proven existence of KMAG as an operating company that manufactures, what could more convenient or profitable for KMAG than linking itself with a company that has “23 worldwide manufacturing locations”, one of which is 50 miles away from the KMA office in Mississauga (r-pac Accessories (Canada) Ltd. 236 Rittenhouse Road, Kitchener, Ontario N2E 2V5).
Consider the machinery being developed at Milestone’s, tested two units over (at the Gilbraltor office), then used to manufacture in Kitchener (or anywhere else in one of r-pac’s 23 world-wide manufacturing locations); KMAG’s links to both companies have been proven.
Imho opinion this scenario is far more plausible, and profitable, than the “fraud” discussed. I agree that it is not proof, but the links are there.
It will also be interesting to see if the Gemini Dual Tag appears on r-pac’s site in the near future.
It would have taken a significant material event to bring Dixon back to KMAG.
That event was revenue which was posted in their fins, and who else besides Jeff could confirm their existence.
Follow the company through Europe, Asia, South America and North America in its prime:
http://www.kmaglobalsolutions.com/index.php?option=com_content&task=view&id=32&Itemid=67
SUMMARY COMPENSATION TABLE
Name and Principal Position Fiscal Years Salary Bonus Stock Awards Option Awards Non-Equity
Incentive Plan
Compensation Nonqualified Deferred Compensation Earnings All Other
Compensation Total
Jeffrey D. Reid, Chief Executive Officer and President (principal executive officer) 2008
2007 207,586
105,811 -------- -------- -------- -------- -------- 10,477 (1)
9,415 (1) 218,063
115,226
Laura Wilkes, President of KMA Global Solutions (Hong Kong) Ltd. 2008
2007 175,998
105,811 -------- -------- -------- -------- -------- 6,148 (2)
8,459 (2) 182,146
114,270
Normand Nolan, Vice President of Operations for KMA (Canada) 2008
2007 199,243
96,993 -------- -------- -------- -------- -------- 19,243 (1)
10,009 (1) 218,486
107,002
Scott Dixon, President of KMA (Canada) 2008
2007 114,149
107,465 -------- -------- -------- -------- -------- 43,833 157,982
107,465
(1) This amount is comprised of a leased automobile and insurance payments.
(2) This amount is comprised of an automobile allowance.
32
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=5982457-131454-163799&SessionID=60uSH6aPNiP4LA7
That is a lot of money paid out to ceo's by a company that some claim to not exist .... fact is that they existed.
http://www.reuters.com/finance/stocks/companyProfile?symbol=KMAG.PK
KMA Global Solutions International, Inc., through its operating subsidiaries, KMA Global Solutions Inc. (KMA (Canada) and KMA Global Solutions (Hong Kong) Ltd., is engaged in the electronic article surveillance (EAS) industry. The Company is engaged in the supply of EAS solutions (including the Company's NEXTag and DualTag, GSL and GML products), focusing on providing generic and customized solutions in the apparel, multi media, sporting goods, food and pharmaceutical industries. EAS system components include labels or hard tags, which are electronic sensors attached to merchandise; deactivators or detachers, which are used at the point of sale to electronically deactivate labels and detach reusable hard tags as items are purchased, and detectors that create a detection area at exits or other sensitive locations. Its EAS solutions comprise a line of custom tags and labels, which contain sensors designed to provide a single-source solution for protection against retail merchandise theft. Its tags and labels are specialized for a variety of applications, including adhesive labels for use on product packaging or tags sewn directly onto retail apparel.
Source Tagging Solutions
Source tagging is the embedding of EAS security labels at either the point of manufacture or packaging to allow delivery of floor or display ready merchandise to the retail store. Under a source tagging program, tags are integrated into automated production processes and applied in primary packaging or within or on the product itself either under branding labels or prominently displayed. Dual Tag combines both acousto magnetic (AM) and radio frequency (RF) technologies in a high-speed, single-pass label. Triple Tag combines both AM and RF technologies, in addition to radio frequency identification (RFID) technology, in a single-pass label.
Sew-On Source Tagging Solutions
The Company provides manufacturers of soft-goods with an EAS solution. Its soft-goods source tagging solutions include Original NEXTag, NEXTag Slimline, NEXTag Jean and NEXTag Woven. Original NEXTag is the Company’s original design and is available in a variety of colors for garment and home fashion applications. NEXTag Slimline comprises Tyvek tag manufactured to a narrower width then the original design of the NEXTag. Designed for intimate apparel, this product is appropriate for any application where size is a constraint. NEXTag Jean is for the denim industry for tacking or stapling directly under the vendor tag that includes size, style number, bar code, retailer's variable data, which is the joker tag. The NEXTag Jean is denim blue in color. NEXTag Woven is an EAS label of woven fabric. This label is suited for decoration with logos, slogans and other graphics required to enhance merchandising appeal.
Drop-in Source Tagging Solutions
Drop-in source tagging solutions is an EAS tagging solution that is not affixed to the item or the packaging, but rather placed loose inside the product packaging or hidden in compartments, such as garment pockets or empty battery casings in items requiring batteries. This solution is a hard goods EAS solution that includes Original NEXTag and NEXTagTyvek.
Attachable Source Tagging Solutions
Attachable source tagging solutions comprise wrap tags, luggage tags and logo tags. Wrap tags comprise triple-reinforced vinyl tags that are designed for easy application, deliver tear resistance and can be custom sized. Applications include electrical cords, footwear, fishing rods, plumbing and other hard good items. Luggage tags comprise tear resistant vinyl tag designed for swift-attached applications. Logo Tag comprises printed paper hang tag that is plastic laminated for tear resistance. Applications include branded apparel, children and infant apparel, footwear and sunglasses.
Adhesive Source Tagging Solutions and Custom Source Tagging Solutions
Adhesive source tagging solutions comprise meat tag and foamback tag. Meat tag is a specialized adhesive in a microwave-safe Sensormatic label or in a moisture-proof, microwave safe RF version for packaged meat or frozen food applications. Foamback tag is able to maintain sensor function in metallic applications. The flexibility of a foam backing also enables effective placement on concave or convex surfaces. Custom Source Tagging Solutions comprise customized products designed to address source tagging requirements, such as limited size or space, concave surfaces or microwave environments.
Sensormatic Label Distributor
The Company is also an authorized distributor of Sensormatic EAS labels. The Sensormatic EAS label is an AM label and can be found inside some of the Company’s products, such as its DUAL Tag. It also acts as a distributor of Sensormatic's EAS labels in the non-installed or raw form so that its customers can affix the label directly onto their products before sending them to the retailer. Manufacturers, suppliers and distributors buy the raw Sensormatic sensor from the Company and affix them to the inside of their packaging using its labels, thus making the merchandise source tagging compliant for the retail customer.
The Company competes with Paxar Corporation, Sentry Technology Corporation, I.D. Systems, Inc. and Zebra Technologies Corporation.
How much does an RFID tag cost today?
Most companies that sell RFID tags do not quote prices because pricing is based on volume, the amount of memory on the tag and the packaging of the tag (whether it’s encased in plastic or embedded in a label, for instance), whether the tag is active or passive and much more. Generally speaking, active tags are $25 and up. Active tags with special protective housing, extra-long battery life or sensors can run $100 or more. A passive 96-bit EPC inlay (chip and antenna mounted on a substrate) costs from 7 to 15 U.S. cents. If the tag is embedded in a thermal transfer label on which companies can print a bar code, the price rises to 15 cents and up. Low- and high-frequency tags tend to cost a little more.
http://www.rfidjournal.com/faq/20
So, multiply those numbers by at least $0.10 per tag = serious revenue.
I have read a lot of posts, shell this, shell that, liar, liar .... the only person I know of that has told the same number of lies that Jeff has been accused of is my ex-wife, and believe me it catches up with them!
If he did tell a bunch of lies, then jail for him.
If he didn’t, then cash for me, and a lot of others.
If you think that the world has fallen in on you over this, think about how Jeff feels.
My response to this situation, if I were Jeff, would be to lay low and buy more of my company back at rock bottom prices, up-list, hence turn a chit storm into a windfall. That is what smart business people do.
One of the ONLY things we do know is that SOMEONE is buying all of the shares sold, for a reason.
We are not even a month into litigation, which is nothing, let’s play this out.
Many thanks to Ceeker and Airdale1 for their hard work in helping us all get to the bottom of this.
As for what business is actually conducted there, imo, it is likely for prototyping machinery as it is so close to Milestone, their confirmed machinery manufacturer.
I REALLY hope that someone meets with Jeff on Monday.
Has the place of manufacture been confirmed as:
438 Gibraltar Dr., Unit # 7
Mississauga, Ontario
L5T 2P2
Canada
btw, Milestone is unit # 11 and they are answering their e-mails
If fraud was that blatent then there would be charges laid against Jeff by now, therefore imo, there is a lot of grey area in the investigation which at this point is to the advantage of KMAG shareholders.