- Speaker MB Ghalibaf of the Iranian Parliament cautioned investors about the rampant market manipulation occurring amid the US-Iran war.
- The official advised investors to trade against the narratives.
Mohammad Bagher Ghalibaf, Speaker of the Islamic Consultative Assembly in Iran, had just said the quiet word out loud about governments like the US controlling the narrative to manipulate markets. He warned that pre-market hype often contrasts with the actual indicators.
Iranian Parliament Speaker Warns About Market Manipulation
Ghalibaf cautioned on X that news or specific posts from US President Donald Trump on Truth Social are mere setups for massive profit-taking. He claimed they are reverse indicators, so investors should do the opposite.
“Do the opposite: If they pump it, short it. If they dump it, go long,” Ghalibaf stated in his social media account on X.
ADVERTISEMENTThe Speaker of the Iranian Parliament’s statement follows Trump’s constant assurances that the US is painting itself as the winner in the Iranian war. Recently, Trump also told the press that the US plans to seize Kharg Island, Iran’s export hub, to take over the oil supply line.
Additionally, both the US and Israel have been reportedly preparing to mobilize ground troops in the conflict area.
Oil, Bitcoin, and Gold Performance
The latest developments pushed Brent crude to over $116 per barrel past midnight (UTC) during pre-market. Meanwhile, West Texas Intermediate futures rose to more than $102 within the same period.
ADVERTISEMENTOver the last 24 hours, Bitcoin (BTC) traded between $64,000 and $67,000. Nonetheless, it has been outperforming gold in the charts, as the precious metal moved between $4,400 and $4,500. None other than JPMorgan confirmed the trend.
How People Reacted to the News
Ghalibaf’s narrative catalyzed mixed responses online. Many called him out for acting like a market expert all of a sudden, while many Iranians are suffering from a lack of food, electricity, healthcare, and education. Moreover, they questioned his supposed shift from a formal leader to a cringey market shill, suggesting desperation on his side in the US-Iran conflict.
On the other hand, some sided with the Iranian official. They noted that he is merely addressing the elephant in the room, which is baiting and trapping retail investors into bad trades whenever the White House issues misleading reports on the Middle East tensions.
Those in the neutral camp, however, criticized Ghalibaf for merely stating the obvious and for his hypocrisy. They argued that he is part of the group influencing reports from the Iranian government. Hence, the public shouldn’t count him as a reliable source of information, especially financial advice.
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