A2A with Rob Kirby


What great timing to have Rob Kirby back for an A2A webinar. Rob's vast experience provides a unique perspective on the failure of The Generally Accepted Narrative for 2017 as well as some wisdom on where we are headed from here.

Among the topics discussed today:

  • Rob's thoughts on how The Fed was able to institute ZIRP and why rates remain historically low.
  • Why the POSX is falling so rapidly in 2017.
  • What message could be gleaned from Terry Duffy's appearance on FBN two weeks ago.
  • Why Rob prefers physical gold and silver to owning the mining shares.
  • And much, much more!

This was an incredibly informative presentation and we should all be grateful that Rob so generously shared his time today. Please try to carve out some time to give this podcast a thorough listen.



Aug 3, 2017 - 4:34pm


Just wanted to thank EVERYONE who sent a TFMR testimonial yesterday. I received so many that it would be difficult to personally thank all of you. Thus, this group message.

Very much appreciate all of the kind words and feedback. I hope to include many of your contributions.

Aug 3, 2017 - 4:35pm


Found a nugget.

Antony von Clearwell
Aug 3, 2017 - 4:37pm


And back from holidays. Before I left dumped all miners out of annoyance.

Only hold some Uslv and bunch of phyz.

Cryptos?...... Yes

Bring it on!


Aug 3, 2017 - 4:37pm


Sell it to ya!

Aug 3, 2017 - 4:38pm
Aug 3, 2017 - 4:45pm


Awesome that you have Rob Kirby as the guest, now time for me to listen!

Aug 3, 2017 - 5:31pm


Now To Listen. Keep Stacking

Dr. P. Metals
Aug 3, 2017 - 5:40pm


many "unmentionables" are screaming higher today...

Ronnie 666
Aug 3, 2017 - 5:41pm

Aug 3, 2017 - 5:51pm

Seen on twitter

Aug 3, 2017 - 5:57pm

Great Interview As Usual Turd

Thank you Turd! I screwed up and missed the actual live A to A but heard at the end one of my questions. Sorry I missed it with my poor eyesight thinking it was noon rather than 11:00 am. Anyway, it was great having Rob touch on many things today. Fascinating! Guess I will plan on selling more of my shares reaching a profit sooner rather than later and just keep sticking with more physical. Hoping Andy M. will be right next week with his gold prediction.

Aug 3, 2017 - 6:07pm

Flash crash party at 19:06

Be there or be square.

Aug 3, 2017 - 6:22pm
Ned Braden
Aug 3, 2017 - 7:07pm

It's 7:06 PM and

silver holding, holding at 16.66.....hhmmmm

puro oro AlienEyes
Aug 3, 2017 - 7:15pm


Good to hear from you. Hope all is well.

Aug 3, 2017 - 7:42pm


When the D/Y was under 110 just the other day POG was $10 higher and POS was 15 cents higher. The game is working against us now as we don't maintain the price relationships. At some point we need to see the POG and POS move up more relative to the decline in the D/Y.

Aug 3, 2017 - 7:44pm

Ditto Above

@turd Can you post an updated JPY/ Gold chart? The algo must be on vacation

Aug 3, 2017 - 7:55pm

Dollar Yen Shenanigans

Went to bed last night (Aussie time) and woke up finding the yen had dropped three quarters of a point and gold has barely moved. Just like Turdites above, I'd like to know what the heck going on. Is $1270 that important to cap? Painting the chart for the BLSBS? Who knows!?

Aug 3, 2017 - 8:08pm


They now appear to be directly manipulating the PMs without regard to fundamentals which, in essence, is a direct theft of our personal property which violates criminal statutes and the Constitution...and they do so with the permission and oversight of our elected representatives.

Aug 3, 2017 - 8:24pm
Aug 3, 2017 - 8:26pm

Hi AlienEyes...

I thought that the aliens relocated you to Washington D.C, where you became silent.....Good to hear from you.

Aug 3, 2017 - 9:09pm




>Forecast: 183k

US Unemployment Rate


>Forecast 4.3%

Anyone have any good analysis on these two where they SHOULD come in?

We all know they will be gamed.

I have a sick feeling they are going to "save the world" tomorrow. King Dollar is back. All that garbage.

Au and Ag should be breaking away right now but appear dull and held back. So freaking upsetting!

Hopefully I am surprised and rejoicing in here tomorrow evening.

Aug 3, 2017 - 9:29pm

Watch as dollar/yen magically rises

To 110.50 or higher overnight so that bad labor numbers will only drop it to 109.85 and gold wil rise only to 1271. Groundhog Day again.

Aug 3, 2017 - 10:00pm


It all seems foolish. The dollar is/has been tanking. Gold should already be way up and who cares about the BLBS as its a fraud as well as the employment #s. The whole game is fake.

Aug 3, 2017 - 10:02pm

The next piece of economic data

is always the most important data in the world. No matter if it's a Fed meeting, Fed minutes, BLBS, CPI, GDP, new home sales, blah blah blah. The next one is always the most important one and the next reason to cap PMs. Doesn't matter good or bad, they is gonna cap PMs no matter what. The game goes on until it doesn't and so far the end ain't in sight. 5 years of this BS is starting to wear on me and I'm sure I'm not alone. Starting to think I may not out live this BS.

Aug 3, 2017 - 10:45pm

Re the ebb and flow of the yen correlation

Remember, the "market" isn't 100% fully automated. There are still occasions for The Banks to cap price by rapidly issuing new naked shorts to feed to The Specs that are looking to buy due to the falling USDJPY. Most of the time, the correlation is 1:1 and one USDJPY point equates to about $10-12.

However, if The Banks decide to feed The Specs contracts, then we see the correlation lag while open interest drastically increases. We've seen this before and we may be seeing it again now. Check the most recent OI changes for CDG:

Tuesday: +$6 with OI up 11,800

Wednesday: -$1 with OI up 6,300

Thursday: -$4 (with a recovery from overnight smash) with preliminary OI up 3,200

So price is essentially unchanged while OI is up 21,300 or about 5%.

Therefore, I think we can clearly state that it's NOT a case of the yen-gold correlation failing or going away. Instead, it is VERY LIKELY a case that The Cartel Banks are actively and heavily defending against a price rise in the hope that maybe the BLSBS will go their way on Friday.

Lastly, all that said, take a look at the charts for the past three days and five days. Over the same three day period of Tue-Thu, as usual it's pretty hard to tell one from the other. Over the past five days, CDG appears to be lagging by maybe $6 or so.

Aug 3, 2017 - 10:51pm

Nice A2A...

Short but very sweet!

Enjoyed the question about Duffy and Rob expanded on it well.

The response about Andy's 250 ton order was very interesting and answered very carefully.

You both did a great job.

Thank you very much Craig!

Aug 3, 2017 - 10:54pm


A2A was excellent.

Aug 3, 2017 - 10:58pm

Aug 3, 2017 - 11:05pm

Big day tomorrow

Obviously, it's a big day tomorrow re the POSX, the USDJPY, CDG and CDS.

However, it's also a very big day in the bond market. Check out these charts and watch rates very closely in the hours after the BLSBS.


Donate Shop

Get Your Subscriber Benefits

Exclusive discount for silver purchases, and a private iTunes feed for TF Metals Report podcasts!

Key Economic Events Week of 5/13

TWELVE Goon speeches through the week
5/14 8:30 ET Import Price Index
5/15 8:30 ET Retail Sales and Empire State Manu. Idx.
5/15 9:15 ET Cap. Ute. and Ind. Prod.
5/15 10:00 ET Business Inventories
5/16 10:00 ET Housing Starts and Philly Fed
5/17 10:00 ET Consumer Sentiment

Key Economic Events Week of 5/6

5/9 8:30 ET US Trade Deficit
5/9 8:30 ET Producer Price Index (PPI)
5/9 10:00 ET Wholesale Inventories
5/10 8:30 ET Consumer Price Index (CPI)

Key Economic Events Week of 4/29

4/29 8:30 ET Pers Inc, Cons Spend, Core Infl
4/30 8:30 ET Employment Costs
4/30 9:45 ET Chicago PMI
5/1 8:15 ET ADP jobs report
5/1 9:45 & 10:00 ET Markit and ISM Manu PMIs
5/1 10:00 ET Construction Spending
5/1 2:00 ET FOMC Fedlines
5/1 2:30 ET CGP presser
5/2 8:30 ET Productivity and Unit Labor Costs
5/2 10:00 ET Factory Orders
5/3 8:30 ET BLSBS
5/3 9:45 & 10:00 ET Markit and ISMServices PMIs

Recent Comments

by Bard the Bowman, 39 min 46 sec ago
by Phoenix79, May 18, 2019 - 9:46pm
by MrOnline, May 18, 2019 - 7:02pm
by Blackwatersailor, May 18, 2019 - 5:11pm