A2A with Rob Kirby

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2016 has begun with a bang and much of the volatility is due to global derivative exposure. With that in mind, what better time than now for another A2A webinar with bond trading and derivative expert, Rob Kirby.

Over the course of this 48-minute presentation, we tried to answer as many of your questions as possible. Some of the topics discussed include:

  • The meltdown at DeutscheBank. What could be causing it and what it might foreshadow.
  • The global sovereign liquidation of treasuries and how/why rates have barely budged.
  • The "oil patch" exposure for the Canadian banks and which banks might be at most risk to collapsing oil prices.
  • The fragile nature of the current precious metal paper derivative pricing scheme and what you can do to protect yourself from its inevitable collapse.
  • And much, much more.

Thanks again to Rob for being so generous with his time today and we look forward to speaking with him again soon. His expertise is sorely needed as we all attempt to navigate this "year of consequence".



Rakka's picture

1st in Japan


Terp's picture


Thanks Turd and Rob!

Swineflogger's picture



EDIT: Got it.  Now to listen and learn

Marchas45's picture


?  YAHOO!!!!!!!!

Man I cant believe I did it again. Thanks for holding back folks. Yea Right!!! LMAO

Danforth Coxwell's picture

Top 5...

Now to listen.

chocolatechiphorses's picture

Gold Deficits, Fort Knox, and a Reset


The US government INCREASED the official national debt by the “value” of all the gold in Fort Knox about 4.8 times EACH year since 1970.  Unsustainable!


Fourth:  Now add up the national debt increases in FKGU’s since 1970.  This shows the total official national debt, in FKGU’s, as it has been accumulated since 1970.  Note that the accumulated national debt, valued year by year in total official Fort Knox Gold Units, now exceeds 220.

Repeat:  The official debt of the U.S. government, measured each year in the total “value” of all the gold officially vaulted in Fort Knox, would have spent the Fort Knox gold over 220 times.  Unsustainable – this is not a viable system.

infometron's picture

This is why Justin Trudeau became PM

Aside from being Pierre Elliot Trudeau's son, that is.

Also, 20-somethings absolutely love him...

Fred Hayek's picture

Good stuff, Craig. Rob's a good man.

That was really shocking to hear that the typical oil from the Alberta sands is going for less than $10 while west texas intermediate is going for $30!

chocolatechiphorses's picture

Bill Holter on The Daily Coin

Bill Holter: You're Witnessing The Credit Structure Unwinding

30 minutes

Apologies if already posted 

infometron's picture

@cch Re: Bill Holter

I listened to Bill's interview, and as much as I respect him for what he does, I found myself sayin' "Com'on man!" In December he was saying that within hours of a Fed rate hike the financial system could come tumblin' down in a couple of days. Now, January he's saying that if the Fed raises rates again in March...

Yup... the financial system could come tumblin' down in a couple of days!

Com'on man!!

tyberious's picture

Thanks Rob and Craig

Another, excellent A2A!

rxman's picture

Gold Trading

Sparsely. Look at investing.com strange rxman

Markedtofuture's picture

TRX Operational Update Pic

AIJ's picture

I like Rob

But he should address what he says in prior interviews.

He said recently that we might not make it through Christmas and for sure the 1st QT of 2016. 

I like what he used to say before,

" a rotten apple will fall you just never know when it will"

Turd Ferguson's picture

It is REALLY important that you read this


This is tough sledding. It's thick and, if you're like me, you'll have to read several sections twice.

However, understand what the author is alleging and consider it all in the context of what we've tried to explain over the past 5 years.

Gold has been leased, re-leased. Hypothecated and re-hypothecated. To the point where even central banks (like the SNB's 1140 mts) is ALL gone. All that's left is leasing agreements and promissory notes. They used unallocated gold as collateral back in 2011. This next time, the system will break and the music will stop...finally.

Getting back to the Swiss, have you ever heard anyone else allege that it was the SNB-euro peg announcement of 9/6/11 that started the move to crush price? And why? Because the Swiss effectively went "all in". They pledged ALL of their remaining gold that day in support of the fiat system. And now, it's gone. http://www.tfmetalsreport.com/blog/5731/turdville-love-open-letter-good-people-switzerland

Anyway, please be sure to read this. Then, print it off and add it to your SFP: http://www.zerohedge.com/news/2016-01-28/fractions-gold

Safety Dan's picture

Trust The USG and MSM.... Its All Good For You..

Mercury is good for you! - US Mainstream Media Report

Christie Whitman says air is safe days after 911

Ann Coulter Says Radiation Is Good For You

​Americans Really, Really Hate The Government


Turd Ferguson's picture

Gonna be another Fd up night


Bank of Japan discussing negative rates. USDJPY spiking:

And of course, in reaction the S&P futures spike and gold pukes. These "markets" are such an absolute JOKE!

s1lverbullet's picture


USDJPY just spiked two full points.  FFS! Are you kidding me?!?! 

Gold tanking and S&P futures going to the stratosphere. 

Gamble's picture

This will be

The blow off top ! 

It won't be long now   , anx it all comes crashing down!

gamble the end (beginning )is near gamble

infometron's picture

@s1lverbullet Re: OMG

Holy Moly! I just noticed that too! from ~118.5 to almost ~121.5 (tapping the 200 MDA) in two minutes!! Edit: Retreating back down to ~120.25 within 15 minutes or so...

TPTB don't want a poor monthly close on the dow and s&p by the looks of it, and they probably sure don't want gold and silver to look like better investments than stocks!

Apparently the BOJ has just announced negative interest rates! Could just be another rumour, like the purported, but false, Russian Saudi oil production agreement. The Nikkei is also responding as one might expect... up up and away...

Turd Ferguson's picture

Fd up beyond all recognition


Yep, that 250 bps in a matter of minutes. Totally Fd up. THIS IS A 1-MINUTE CHART!!!

Response to: OMG!!
joeblack's picture

Craig ...

what do you have for support for gold?

tenacious's picture

BOJ now confirming they are going down the NIRP hole

You'd think some time in the last 20 years they'd learn that none of their brilliant monetary schemes actually work.  Like I can understand screwing up once or even twice but at some point you'd think they would get the memo.

Turd Ferguson's picture

Hmmm. Maybe NIRP not so great after all...


lakedweller2's picture

Negative #s

I guess gold doesn't bottom until it is a negative # like your upcoming savings account.   Jail has always been the solution.

Gamble's picture

This could be it

It won't be able to keep these plates turning ! 

Gamble looney tunes gamble

Turd Ferguson's picture

It may not matter much with


It may not matter much with total USDJPY and HFT-algo madness but watch the 100-day at 1107 and, of course, our old pal 1104.

Response to: Craig ...
s1lverbullet's picture

Nucking Futs

S$P futures just gave back all the USDJPY gains. USDJPY now back under 120 and fading hard. 

We need an acronym for the USDJPY like we use the POSX for the USD index.  Maybe the FUBAR index? The S&P's bitch?

Turd Ferguson's picture

Yes, connect the dots


BoJ must know that the PBoC will continue to devalue. This, in turn, places upward pressure on the yen, as we've seen. This goes against everything the BOJ wants and has worked for...so...what do they do? They attempt to beat the Chinese to the punch! The formalize NIRP in the effort to re-ignite yen weakness.

Response to: This could be it
Danforth Coxwell's picture

I wonder how the CSI 300 will…...

react when they reopen after lunch.

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