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.
“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.
“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?
Of course it was. This guy measures the success of the country as a whole based off the fucking stock market. Its insanity.
More insane is the fact that he was choosen twice as a president of the USA. If voting process wasn’t compromised in his favor, this raises a lot of questions about self awareness of the USA citizens.
It was compromised, but the self-awareness of USians is also a major concern.
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
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…
Futures trading is gonna fucking kill us all. More people have gone to jail over sports betting than market manipulation.
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).
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
Traders!
All politicians and their companies should be banned from owning stock
Isn’t this the 3rd or 4th round of concerns for this happening? So many concerns. Glad there is no shortage of fucking concerns in the God damn media.
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.
We’re at concern… It’s happened like 6 times source my supposedly slow and steady eft going ham
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.
$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
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.
