- cross-posted to:
- news
- [email protected]
- cross-posted to:
- news
- [email protected]
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.
You must log in or # to comment.
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”.
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.
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).
deleted by creator
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.
deleted by creator
“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.
Who plays a game that’s obviously rigged against them? Just pull out of American markets. All of them.
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.
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 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
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?
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.
“It’s a big club, and you ain’t in it.”
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
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.
This is complete fucking bullshit. We’d better ex post facto the shit out of this corrupt administration.
This is standard procedure for politicians and their friends. Acting like it’s just Trump allows the issue to resume after he is gone.
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
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.
Based on how he’s doing in the stock market.
