Surge in global betting on energy markets seen on Monday morning 15 minutes prior to Donald Trump’s Truth Social post announcing ‘productive’ talks with Iran
A surge in betting on global oil markets just 15 minutes before Donald Trump announced a temporary halt to his airstrikes on Iran this week has sparked claims of insider trading.
Trump said on his Truth Social platform at 7.05 a.m. Monday: “I am please [sic] to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East.”
Iran denied any such talks had taken place, branding them “fake news”.
But according to Bloomberg, at least 6 million barrels of Brent and West Texas Intermediate were suddenly sold between 6.49 a.m. and 6.51 a.m, raising suspicions that word of the president’s announcement was leaked in advance.
The only way this flies this long is that the whole lot of them are corrupt. The investors, the platforms, the regulators, the banks. All of them.
Someone needs to start sleuthing to document all those who are even potentially involved, what they are supposed to do, what they aren’t doing and submit the lot of it to the FB… …
Oh right, never mind…
Now there is concern? A little late to the game. This happens weekly. I’m not even sure if the stock market is based on any sort of reality nowadays, after it’s been so manipulated by trump and his cabal of opportunistic scoundrels.
casino has been rigged for a hell of a lot longer than trump and co.
stock market has been the only thing anyone running this country cares about since Carter and Rothschild pegged everyones retirement to the casino
read Reminiscences of a Stock Operator, basically a tongue-in-cheek guidebook to how this shit works written over a century ago
$ is the only thing that has ever been sacred to america
casino has been rigged for a hell of a lot longer than trump and co.
Perhaps, but it wasn’t always this blatant and this volume.
Question: is it market manipulation if he has no idea what he’s doing?
$200B of oil contracts were liquidated/stop lossed in about 1 hour.
Margin is such on oil futures that 6 million barrels only costs $60m to “control”. $20 drop in oil price is $120m in profits on that $60m bet.
I earn $9 an hour
You should have chosen to be a nepo baby instead. Make better life choices, and get a white house internship, to be on the juicy tips mailing lists.
Sound advice
All politicians and their companies should be banned from owning stock
Question is, why are you even allowing trading on it when it’s clearly being manipulated to fuck?
Buying oil you need is also “trading”. Saying that trading is not allowed is basically saying that no factory is allowed to buy oil…
Traders!
We’re at concern… It’s happened like 6 times source my supposedly slow and steady eft going ham
“Leaked in advance?” code for don’t have the ovaries to say “insider trading”.
to say “insider trading”
You mean like in the first sentence of the article? Do you read in a reverse order?
Nah, I often read the comments to decide if it’s worth reading the article, and sometimes comment off that, oops, you got me. Actually maybe that is reverse order.
Guessing it’s pretty much what I expected, and I’m likely to have said much the same anyway.
Futures trading is gonna fucking kill us all. More people have gone to jail over sports betting than market manipulation.
This is not particularly relevant to this discussion, but it reminds me of the guy on WSB who made a stupid bet on negative oil and almost had to take delivery of a bunch of crude lmao
The fact there isn’t like a 1 day mandatory delay in making these kind of bets is why this bullshit keeps happening
In a sane world it would be illegal, or just betting rather than trading (if there’s a significant difference beyond the house being a more forgiving stock exchange).
The returns for insiders of front-running Trump posts/speeches are way smaller than they would be if he didn’t lie and flip-flop all the time: the market simply doesn’t react anywhere as much to whatever Trump states than it would if he was honest and consistent, so the spikes up or down (and thus the gains from front-running his statements) are much lower.
“Concern”. Fuck hand-wringing journalism.
A 20 year old who steals a pack of oranges is a “hardened criminal”, but literal corruption in front of our eyes is “maybe concern, possibly”
Literal corruption? Try a double front genocide.
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Would you rather they weren’t concerned and talked about something else? The problem here is the god damned politicians who keep blowing off stories like this.
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Who plays a game that’s obviously rigged against them? Just pull out of American markets. All of them.
I’m pulling all my money out of American stock indexes, but this whole oil futures bullshit affects all of us. Even those who don’t drive ICE vehicles, because oil going up means diesel going up means food prices going up in grocery stores
Who plays a game that’s obviously rigged against them?
The market is not just a casino. There are actually people who use oil who buy oil futures. Exiting the “game” would mean not buying or using oil in America, for them.
I mean if the American markets crash no market is safe. Money is more fake than it ever has been.
Time to go back to trading pelts.
I will trade 1 cask of beer and 10 potatoes for pelts from a billionaire
It’s the most juicy market, that’s why people continue to invest on it but I noticed more investments on the european market since US became untrustworthy
I live here. Can’t exactly boycott my own backyard
Join a credit union, shop local. just keep it out of the banks and in the hands of your comrades. Sorry about your tax dollars though :(
“Leaked in advance?”
What reason is there to think that it’s not just him (or his family, trusted stooges, and other intermediaries) doing this deliberately for his own profit?
