Engineered Flush Fails! | Andrew Maguire | LFTV
Episode 258
Posted 6th February 2026

The Biggest Derivative Shock Since 2008 Feat. Craig Hemke

In this week’s Live from the Vault, Andrew Maguire reviews what he calls the largest derivative-driven intervention since 2008 before welcoming Craig Hemke, highlighting extreme margin hikes and record bid–offer spreads that hid severe shortages.

Despite the engineered sell-off, Shanghai premiums stayed high, speculative positions were cleared, and institutional buying continued, reinforcing Andrew’s view that gold and silver remain on track within a strong bull market amid currency debasement.

Andrew Maguire

Precious metals expert & whistleblower

Andrew Maguire is a well-known figure in the precious metals industry, primarily recognised as a whistleblower and expert on gold and silver markets. With nearly 50 years of experience as a commodities trader, he has become a key voice on market manipulation in the precious metals sector, particularly within the COMEX (Commodity Exchange) markets.

As an independent Loco London metals trader and analyst, Maguire has delivered Precious Metals Advisory and Trading services to international hedge fund managers, bullion banks, metal traders, and some of the world’s largest financial institutions. His established relationships with regulatory bodies, including the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ), as well as the UK’s Financial Conduct Authority (FCA), underscore his trusted role in the industry.

In 2010, Maguire brought global attention to silver market manipulation through a whistleblower testimony to the CFTC, cementing his reputation as a highly credible authority in the precious metals community.

Today, he continues to provide his insights into precious metals and financial markets as a regular commentator on the Live from the Vault podcast, where he explores trends and developments shaping the global financial landscape.

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Craig Hemke

Founder of the TFMetalsReport

Craig Hemke is a seasoned securities professional with nearly two decades of experience, who takes a keen insight into the complex dynamics of the precious metal markets. His astute observations have granted him a profound understanding of the forces at play, enabling him to forecast price movements with exceptional accuracy. In 2008, Craig moved on from his long-standing career to become a serial entrepreneur.

 

As the editor and publisher of TF Metals Report, Hemke approaches the subjects of precious metals, financial markets, and the economy with both reverence and wit. He seeks to expand the global awareness of critical issues across the markets. The website has cultivated a devoted global following, fostering one of the most robust online communities of like-minded individuals in the precious metals domain

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