If you don’t know Rob Kirby, he’s a derivatives expert, macro-economist and precious metals broker for ultra-high net worth clients. He sells gold and silver tonnage to ultra-high net worth entities and individuals around the globe.
He was recently interviewed by Greg Hunter of USAWatchdog.com a former CNN correspondent. This is a must watch video interview that really spells out what’s going on in the global financial system. You can watch the video here: https://youtu.be/QKaFsLM-0kU
I highly recommend you watch it. I also have a link to it in the ‘Top Stories’ section below.
For the past 3 to 4 years, I’ve been preaching to anyone who will listen that this current economic system is due to collapse. It’s taken m
uch longer than I expected and as a result, people have grown weary of the story and few believe it.
However, things have finally reached a breaking point that gives me confidence that the time to prepare and be positioned for the coming break down is now. I don’t mean next week or next month, I mean today, this very minute.
That’s not to say I expect Armageddon tomorrow, but if you are paying attention and watching the economic indicators, it’s clear to see things are not good with the global economies. In fact, there is not a healthy economy anywhere in the world.
The collapse in the stock market we witnessed in August is a sure sign that something is not right and I think it was the first step in the current crash. In fact, the chart patterns of prior collapses mirror what is happening right now. That’s why I believe a market crash could happen at virtually any time. It might be days or a few more weeks, but the downturn is already here.
If you don’t own any physical gold and/or silver or you’re not positioned in precious metal stocks, then you had better start loading up because things have changed and the eminent threat starts today.
As this system collapses, the people who have positioned themselves on the right side of the trade will experience the greatest transfer of wealth in history. If you still believe in the stock market and consider precious metals to be a relic or think they’re a bad investment just because they don’t provide any dividend or interest yield; well you’ve been blinded by the light of main stream propaganda. Gold and silver are insurance against disaster.
When you begin to realize that things have suddenly changed and your current portfolio has started to implode. Don’t tell me I didn’t warn you.
The global economy is coming unglued and I think December 16 will be very interesting. That’s when the Fed announces a rate hike or not. It appears they are leaning toward a hike.
Just like in August, all it’s going to take is one catalyst to set off an avalanche of selling. Investor confidence in the markets is at an all-time low and just one trigger will cause the loss of all confidence in the system.
Things are definitely blowing up behind the scenes and I expect a waterfall decline in the stock market soon and skyrocketing precious metals.
It’s been a frustrating week in the gold sector, I really thought we were going to have some serious follow through after Friday’s big gain, however; we should have expected a pullback after a gain like that and if you look at the Fibonacci retracement in the chart below, you can see that a standard 62% retracement took place and then rocketed back higher today. Once we break the upper trend line, it should be off to the races.
I expect the FED decision on Wednesday will cause a short term pullback in gold, but once it recovers, expect an upward explosion. This could turn into a good short term play for some traders. But as a longer term swing trader, I remain long in gold stocks.
It’s much easier to understand the movement of the precious metals markets once you listen to the video interview from Rob Kirby. He explains how the system works and who’s behind it. Click the link below under ‘Top Stories’ to watch.
The FED’s decision to raise rates on Wednesday is supposed to prop up the dollar, however; I’m not so sure. I think that it will have only a temporary effect on the value of the dollar, but I think the dollar will continue its downturn shortly thereafter.
The dollar double topped and is now heading down into a bear market.
Stock Market Indices: (SPY) (QQQ)
The market has rolled over and the rally of hope has ended with lower highs and soon to be lower lows. I believe the FED’s announcement to raise rates on Wednesday will cause a waterfall decline and it should break the August lows. I remain short the S&P.
Energy Stocks: (XLE) (UNG) (USO) (LNG)
Crude is crashing and has almost hit the 2008 lows. I think it will break the 2008 low, at which time I might consider a trade. I really believe the price of oil is being forced down deliberately waiting for war. Once the war drums start to sound, the price should explode back up again and that’s when we will take advantage.
Financial Stocks: (XLF) (IYF)
Major U.S. banks, JP Morgan, Goldman Sachs, and 6 other major banks were downgraded by the S&P on December 3rd due to liquidity problems. The financial sector will crash once their extremely overleveraged derivative positions implode in 2016.
Commodities: (FCX) (JJG) (DBA)
Commodities are dead. Inflation brings life to commodities and right now we are in a deflationary mode.
US Treasury Bonds: (TLT)
Treasuries are waiting on the FED’s decision. Not much action for now.
Blow Off Event Will Change Financial Universe Forever-Rob Kirby
I cannot emphasize how important it is for you to watch this video. Rob Kirby knows what’s going on within the financial system and his take on the coming events, that could happen any day now, will blow your mind. The American public has no idea!
Historic Comex Positioning (Why This Time Looks Different)
This short-term stuff is predictable…so long as you recognize what the motives are behind the paper trading. The Bullion Banks control these markets and the speculators are their playthings. Spec money piles into long positions and The Banks issue the shorts on the other side. Price is then crashed, inducing Spec liquidation and shorting while The Banks buy to cover their shorts and add longs. Once this cycle is complete, it begins again. Wash, rinse, repeat. But we wouldn’t take the time to write all of this up on a Sunday UNLESS this time looked and felt a bit different.
Fleckenstein Warns Crash-Prone Stock Market Now Hanging By A Thread But Gold Is A Different Story
It really feels to me like the market is just hanging by a thread. What will sever that thread and when I can’t say, but I don’t believe I have ever seen a market structure that feels this artificial and crash-prone.