The biggest derivative shock since 2008 feat [Video]
|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.
Timestamps
00:00 Start.
01:24 100% derivative-driven silver and gold sell-off explained.
05:09 Bailout triggered to prevent collapse due to silver shortage.
10:26 Central banks and sovereigns return to buy during London Open.
18:25 Large institutional and central bank buying: China, Singapore, India.
24:09 Craig joins; market bailout and physical vs paper.
32:26 Perfect storm: margin calls, first notice day, derivative sell-off.
38:39 Hedge funds washed out; COMEX gold & silver at eight-month lows.
41:23 Momentum speculators and the bubble pop; physical vs screen prices.
48:19 Physical markets dominate; COMEX influence wanes.
54:15 Central bank demand and recurring 20% rallies; outlook remains bullish.
1:01:19 Silver rally, central bank demand, and the importance of auditing US gold.
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