I'm growing pessimistic that this kind of activity + the egregious presidential-level crypto scams will never see justice. What's the path for that, really?
It's why WTI crude never exceeds $100/barrel. Every time it gets that high the insider in the administration shorts it and the administration announces a new policy delaying more strikes.
1. By a show of hands, who was surprised that the cataclysmic warnings of the weekend subsided into talk of diplomacy on Monday?
2. Let’s hypothesize the US gov’t or allies did pre-release this info to traders as a policy tool, inviting them to sell oil profitably, shaping the later price action . In a practical sense they may have brought more speculators to the short side than otherwise would have been there; is that scenario really beyond the pale?
3. News of war and sovereign relations on an international stage necessarily will test the boundaries of traditional law of confidentiality and fair practices.
I'm not smart enough to understand why - but surely this isn't sustainable? At some point wont the price not reflect the reality of simply not having gas to put in your car? What is going on... The price of oil went down 10% yesterday, opened +0% today and is back to +4%...
Some highlights include a $580 million dollar bet on oil futures 15 minutes before Trump made the announcement of talks with Iran, which the Iranian government denied actually happened.
Naturally, political appointments at the SEC are preventing investigation.
Just so everyone is aware, Trump mentioned the deal in an interview before his post on TruthSocial. So if you're thinking all the trades that happened just before the TruthSocial post are insider trading maybe the traders where just watching the news.
If i can find a link to the interview i'll come back and edit this post with a link and where it fits in the wsj timeline.
It’s almost like turning the president into a monarch by baselessly granting total immunity was a bad idea, foreseeably so.
This is the new normal.
I want people to really think about what’s going on here. $1-2 billion of taxpayer money is being spent every day to literally kill people for stock and futures trades.
And nobody will be punished for this. Anyone who gets a whiff of legal trouble will just buy a person.
At some point this is going to destroy even the appearance of market integrity.
Mystery jump in oil trading ahead of Trump post draws scrutiny
(wsj.com)296 points by psim1 4 hours ago | 157 comments
Comments
2. Let’s hypothesize the US gov’t or allies did pre-release this info to traders as a policy tool, inviting them to sell oil profitably, shaping the later price action . In a practical sense they may have brought more speculators to the short side than otherwise would have been there; is that scenario really beyond the pale?
3. News of war and sovereign relations on an international stage necessarily will test the boundaries of traditional law of confidentiality and fair practices.
https://charliesykes.substack.com/p/a-vivid-snapshot-of-trum...
Some highlights include a $580 million dollar bet on oil futures 15 minutes before Trump made the announcement of talks with Iran, which the Iranian government denied actually happened.
Naturally, political appointments at the SEC are preventing investigation.
If i can find a link to the interview i'll come back and edit this post with a link and where it fits in the wsj timeline.
This is the new normal.
I want people to really think about what’s going on here. $1-2 billion of taxpayer money is being spent every day to literally kill people for stock and futures trades.
And nobody will be punished for this. Anyone who gets a whiff of legal trouble will just buy a person.
At some point this is going to destroy even the appearance of market integrity.