A2A with Rob Kirby


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".



Jan 29, 2016 - 11:47pm

Soundcould podcast.

Thanks for reply. There isn't any download option (at least without a membership login-in, perhaps) with these Sprott pieces; there used to be. Other Soundcloud items provide D/L links. I believe this is a choice made by the source supplier and suggest that this be asked of the Sprott folks, if possible. Coincidentally, I would ~guess~ this happened around the time you came on-board, after Geoff R.


Antony von Clearwell
Jan 29, 2016 - 5:08pm

Rob's prediction

In another interview (forget where), he expected big turmoil in Feb or March. I was hoping he would confirm this during the interview but he did not mention it. I wonder if he still holds on to these predictions or whether we've bought ourselves a bit more time.

Jan 29, 2016 - 4:28pm

Turd's question to Rob about the Flames check. ...

The Calgary Flames player who checked the Referee was himself checked just prior and if you watch the footage he appeared to have been dazed himself when he first moved away from the boards and towards the players box.... some are thinking he was perhaps concussed and wasn't fully aware when he hit the official. Apparently he is also not known for being an aggressive player so this is out of character for him.

And thanks for the interview with Rob; always enjoy hearing the thoughts of a fellow Canadian.

Jan 29, 2016 - 4:07pm
Jan 29, 2016 - 3:32pm

As nadgeskaul points out

As nadgeskaul points out above, the ALGO wolves are currently not ravaging the Gold Price.

With the JCB moving to negative rates - is this a regime change?

Jan 29, 2016 - 2:34pm

Sprott News (Podcasts)

I used to enjoy these when I could download them for later consumption. Would like to do that again. Any chance you might mention that to the powers that be @ Sprott to see if that feature could be returned?



Jan 29, 2016 - 11:00am

I Believe

The day will end well with the PM's going up. and just incase I bought another few rounds of Physical. Keep Stacking

Oop's a little spike I see, maybe I should predict more often. Lol

Jan 29, 2016 - 10:54am

Yep nugt got really

Close to my target , so added , a tiny amount. Now we sit in this range and wait for that 10day to cross the 50 day . Then off to the momentum races !!!

gamble must make fiat gamble

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Jan 29, 2016 - 10:46am

401k Scam

Dear Reader,

Imagine walking into a bank today and the banker giving you $3,000 and saying that you don't have to pay him back for 30 years. Would you gladly accept the cash and walk out?

Hopefully not, because this story is missing something important...

What's missing from this story is we have no idea what interest rate the banker is charging us. We also have no idea what the terms are.

Does it sound familiar to those of you contributing to a 401(k) plan or IRA?

This is without a doubt the biggest risk to retirement accounts – you have no idea what the terms will be when you want to start making withdrawals.

In exchange for taking an income tax deduction today, you are using money in which you have no idea how it will be treated in the future. Essentially, you are borrowing money from the IRS in the hopes that they will treat you fairly when it's time to pay the money back.

We don't know what income taxes will be... but I'll bet they will be higher. Right now, in 2016, one of the major parties in this country has an openly socialist politician leading in some of the polls. If this is where voters are now, imagine where they will be in 15 years from now, when America’s middle class has completely vanished.

For all we know, the government could change the tax rate to 75% in the future.

As with most things in life, your biggest risk is the central planners. These sociopaths already have too much control and power over our lives, and I believe it is a mistake to purposely give them direct control over your money.

Ultimately, the 401(k) is a CASH COW for Wall Street.

During the 1920s boom, just 3% of Americans owned stocks, shortly after WW2 in 1952, 4% of Americans owned stock, and by 1980, it was still at just 13%.

However, after the law for 401(k)s went into effect on January 1, 1980, the participation from the American public soared! And so did the fees Wall Street collected.

By 1989, public participation in the stock market reached 32%, and by 2006, it peaked at 64%. Wall St. had truly found the perfect cash cow, who was willing to buy blindly every single month without question.

A 60 Minutes report showed that some 401(k) plans eat up 50% of an individual’s retirement income over the course of 30 years.

Members from Congress have stated that by just asking questions about 401(k) fees, they have been met with the full fury of the Wall Street lobby.

The law was also written to keep your money trapped on Wall Street, only to be invested in a select group of mutual funds. The only way to get it out is to pay a fee.

So you can’t use your own savings to invest in a business, rental property, or anything outside of a Wall Street commission!

By giving employers tax credits and deductions for setting up 401(k)s, and even matching contributions, the U.S. government is literally subsidizing the biggest Wall Street banks and investment houses. Currently, there is roughly 3 trillion dollars in 401(k) plans. With an average all-in annual fee of 2%, this equals 60 billion for Wall Street.

The brilliance in this scam is that it has conditioned Americans into believing that Wall Street is where retirement and savings belong. Because when you add up IRAs, 401(k)s, annuities, and other retirement strategies, we are talking about a $20 trillion industry!

Our advice, reject these manipulative scams and choose your own path.

Click here for our latest Weekly Wealth Digest, Stop Saving for Retirement.

Best Regards,

Daniel Ameduri
President, FutureMoneyTrends.com

Jan 29, 2016 - 10:44am

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Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
1/13 8:30 ET CPI
1/13 1:00 ET Goon Brainard speech
1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
1/15 8:30 ET Retail Sales
1/15 8:30 ET PPI
1/15 9:15 ET Cap Ute and Ind Prod
1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
1/4 10:00 ET Construction Spending
1/5 Georgia U.S. Senate election
1/5 10:00 ET ISM manu PMI
1/6 US election certification
1/6 8:15 ET ADP Employment Report
1/6 9:45 ET Markit service PMI
1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
1/7 8:30 ET Trade Deficit
1/7 10:00 ET ISM service PMI
1/8 8:30 ET BLSBS
1/8 8:30 ET Wholesale Inventories

Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
12/22 10:00 ET Consumer Confidence
12/23 8:30 ET Durable Goods
12/23 8:30 ET Personal Inc and Spending
12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
12/18 10:00 ET LEIII

Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
12/9 10:00 ET JOLTS jop openings
12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET CPI
12/11 8:30 ET PPI

Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Key Economic Events Week of 11/2

11/2 9:45 ET Markit Manu PMI
11/2 10:00 ET ISM Manu PMI
11/2 10:00 ET Construction Spending
11/3 U.S. Election Day
11/4 November FOMC begins
11/4 8:30 ET ADP jobs report
11/4 8:30 ET US Trade Deficit
11/4 9:45 ET Markit Services PMI
11/4 10:00 ET ISM Services PMI
11/5 8:30 ET Productivity & Unit Labor Costs
11/5 2:00 ET FOMC Fedlines
11/5 2:30 ET Chief Goon Powell presser
11/6 8:30 ET BLSBS
11/6 10:00 ET Wholesale Inventories

Forum Discussion

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