A2A with Rob Kirby

85

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.

TF

  85 Comments

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happycamper515
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.

lakedweller2
Aug 3, 2017 - 10:00pm

dollar

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.

AgstAger
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.

scoremore
Aug 3, 2017 - 9:09pm

Tomorrow...

BLSBS

https://www.investing.com/economic-calendar/nonfarm-payrolls-227

>Forecast: 183k

US Unemployment Rate

https://www.investing.com/economic-calendar/unemployment-rate-300

>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.

canary
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.

happycamper515
Aug 3, 2017 - 8:24pm
lakedweller2
Aug 3, 2017 - 8:08pm

Appears

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.

Craigo
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!?

heathbr
Aug 3, 2017 - 7:44pm

Ditto Above

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

happycamper515
Aug 3, 2017 - 7:42pm

USD/JPY vs POG

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.

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Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
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9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
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Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
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9/9 10:00 ET JOLTS job openings
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9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
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8/17 8:30 ET Empire State Manu Idx
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8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
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Key Economic Events Week of 8/10

8/10 10:00 ET Job openings
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8/3 9:45 ET Markit Manu PMI July
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8/3 10:00 ET Construction Spending
8/4 10:00 ET Factory Orders
8/5 8:15 ET ADP employment July
8/5 9:45 ET Markit Service PMI
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