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Comments (157)

• ChrisArchitect
  Earlier: https://news.ycombinator.com/item?id=47496508
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  fraywing
  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?
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  readitalready
  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.
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  andix
  People got exactly what they voted for. It would be hilarious, if it wasn't so serious.
• chunky1994
  @dang, this has way more discussion than the previous threa,d but people can't see this because it's a dupe.
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  unyttigfjelltol
  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.
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  heyitsmedotjayb
  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%...
• anon
  undefined
• NegativeLatency
  Martha Stewart was sent to prison for less
• hermitcrab
  What a massive coincidence!
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  loudmax
  Charlie Sykes, a founder of the Bulwark podcast, has a story about it here: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.
• chasd00
  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.
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  anon
  undefined
• josefritzishere
  After a year of frequent insider pump and dump scams, is it too pessemistic to assume this is another one? I'm trying to find something hopeful.
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  atemerev
  Well if Democrats ever win, there will be a lot of fine investigations for years ahead.
• renewiltord
  As Nancy Pelosi says: "We’re a free market economy. They should be able to participate in that."
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  jmyeet
  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.
• leontloveless
  [dead]
• Swoerd
  [dead]
• ixlixl
  [flagged]
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  NikxDa
  [flagged]
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  iberator
  [flagged]
• anon
  undefined
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  sega_sai
  At this point, I would rather these people enrich themselves as long as they stop the war, but I am afraid they will continue doing both.