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.
Who plays a game that’s obviously rigged against them? Just pull out of American markets. All of them.
I mean if the American markets crash no market is safe. Money is more fake than it ever has been.
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
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 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 :(
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
Anyone with more than sawdust between their ears knew he was going to do this. It’s his modus operandi: cause chaos and watch the markets plummet - then buy cheap and reverse course. Markets recover, and he (and his cronies) profit!
Except the markets have been bleeding out for months.
A falling tide sinks all ships
A falling tide creates opportunities for short positions.
Plenty of short sellers (myself included) have been burned, thinking we could predict short term business cycles in advance.
“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.
“It’s a big club, and you ain’t in it.”
“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?
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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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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.
Fucking called it. This is fraud. I really hope one day the US government justice system will finally do its job and send people to jail over this.
The trick is not settling for geriatric neoliberals who won’t stop talking about how fondly he remembers “the good old days” when Republicans and him smoked cigars, drank whiskey, and conspiracied to prolong school segregation…
Or about how nothing could every make him stop supporting a far right ethnistate currently committing genocide…
Like, most Americans want to hold these asshats accountable. The problem is prior DNCs were rigging primaries. The good news is the modern DNC isn’t pulling that type of shit already, and we’ve been seeing the gains for a minute
This is complete fucking bullshit. We’d better ex post facto the shit out of this corrupt administration.
I’ve got Merrick Garland on the phone. He says actually there’s nothing we can do. It’s all perfectly legal and you’re a criminal for going on TikTok to suggest otherwise
This is standard procedure for politicians and their friends. Acting like it’s just Trump allows the issue to resume after he is gone.
$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.
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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.
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I bought OILK when it dropped. Israel acting like a toddler and lashing out when it didn’t get what it wanted was the most predictable thing ever.
Strait closed again.
We’re at concern… It’s happened like 6 times source my supposedly slow and steady eft going ham
Question: is it market manipulation if he has no idea what he’s doing?
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…
Oh no, strongly worded letter inbound!
Hey, cool your jets. There’s a process. It has to start with brow-furrowing.
