william the wie
Gold Member
- Nov 18, 2009
- 16,667
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That is the technical term for what happened today in the energy market. Usually it is a way of getting bears out of the market. But who did it and why is unknown.
The data that was the proximate cause was known prior to the release by some interested party who wanted to make the most money running up the price
The data was approximated by analyzing Satellite imagery using Bloomberg and/or Reuters terminals to avoid evidence of insider trading.
Beyond that is speculation. The above is SOP for a running of the stops in any futures markets.
Even the market that is the intended target is not clear but the top three are Energy, precious metals and the S&P have the highest correlation with a dip and rebound in crude so they are most likely.
Nor is it known if the dip or the rebound was what was engineered.
However one thing is known a big result will be flight from bonds.to higher safe yields That in turn means Hillary is in trouble and as the anti-Hillary Trump is too. Thought some of you would like to hear some good news.
The data that was the proximate cause was known prior to the release by some interested party who wanted to make the most money running up the price
The data was approximated by analyzing Satellite imagery using Bloomberg and/or Reuters terminals to avoid evidence of insider trading.
Beyond that is speculation. The above is SOP for a running of the stops in any futures markets.
Even the market that is the intended target is not clear but the top three are Energy, precious metals and the S&P have the highest correlation with a dip and rebound in crude so they are most likely.
Nor is it known if the dip or the rebound was what was engineered.
However one thing is known a big result will be flight from bonds.to higher safe yields That in turn means Hillary is in trouble and as the anti-Hillary Trump is too. Thought some of you would like to hear some good news.
