legendary trader

Chapter 700 701 Breakthrough
The call was quickly connected, and before Chen Fan could speak, Xu Jing's voice came out of the microphone.

"Are you reminding me that this side is going to lighten up the position? It's ready, as long as the price goes up, we will start to operate."

"Sister Xu hasn't rested yet, so I felt that I made a wrong call when I dialed out."

Chen Fan hastily said politely.

"I just wanted to go to rest, but didn't the price of gold plummet? I said wait and see, but your call came." Xu Jing said on the other end of the phone.

"Then prepare to clear the warehouse. This wave is estimated to reach 320. Be careful when you ship, don't be so aggressive, and ship in a pyramid, so as not to be discovered too early, and people will give up the promotion."

Chen Fan instructed into the microphone.

"Okay, I got it, don't worry, this is a good one, and I can make a lot of money." Xu Jing's voice came through the receiver of the mobile phone.

As the price of gold started to rise again, all market participants became excited at this time, some began to reduce their positions on rallies, and some followed the trend to buy up.

It is indeed very risky for these people to buy now, but as the old saying goes, wealth and wealth are sought in insurance, what they play is heartbeat, not to mention that those who buy gold now are short-term speculators, in their dictionary, there is no If you hold the words for too long, you will leave as soon as the gold price reverses after you buy it. It comes fast and runs faster.

The bought gold contract will not be held for too long, overnight, that is impossible, maybe even a few hours is considered a long time.

And they are not afraid of risks, they are only afraid that the market will be stagnant, and that would be nothing to do.

As for long-term funds, the good opportunity to buy investment has been lost at this stage, and most long-term buyers have long avoided the market.

Of course, many of the speculators who bought at this time were passive buyers. There is no way, who told them to sell short around 310 yuan, and if they don’t close their positions immediately, it seems that this is going to blow up their short positions. Rhythm, this stock of funds is too strong, first to explode the long position, now it is the turn to explode the short position.

But that’s all there is to it. There are not many players participating in market transactions who dare to trade with a full position. The gambling nature of London Gold is still very serious. Just kidding, 10 yuan will directly liquidate the position. The players who participate are generally Use [-]% to [-]% of the position, otherwise it will explode in an instant when encountering extreme market conditions.

In fact, since the release of non-agricultural data in the United States, not only the gold market, but also the foreign exchange market have experienced violent shocks. However, in the past [-] hours, all large and small funds in the international market have shifted their attention to the gold market, and news has emerged one after another. Stimulating the soaring price of gold, many funds have tightened their positions and began to transfer funds to the gold market to increase their positions.

The gathering of funds exacerbated the volatility of gold prices. You must know that in the financial market, the price of commodities can be separated from the actual value in the short term. As long as your funds are strong enough, the word short-term is the most important here.

The small platform in the early stage of 314m yuan was easily broken through, and the price of gold continued to rise, and soon began to challenge the previous high of 318m yuan. Fear, the price of gold quickly broke through after violent shocks around 318 yuan, 319 yuan to 319.8 yuan
At this time, Zheng Xiaopang and Chen Fan, who had felt very tired before, had red eyes and high spirits at the moment, staring at the trend line left by the international gold price changes on the computer screen, watching it continue to rise and fall. , and then upturned.

There is a fierce battle between long and short at 320 yuan, but it is obvious that the bulls have the absolute upper hand. When the price of gold breaks through 320 yuan, although the trend line of gold price starts to flatten, most of the transactions are completed above 320 yuan. At this time, short-term funds are very active in participating in the market. Although the trading volume cannot be seen, one can imagine how fierce the fight between long and short is here.

London Gold claims to have a huge market with a daily trading volume of more than one trillion yuan. To be honest, Chen Fan really wants to get accurate transaction information, but there is really no way, and it is technically impossible.

When the price of gold ended its stalemate around 320 yuan, the price of gold once again jumped up for a while, and after reaching 322 yuan, the strong performance gradually calmed down, and the price of gold began to fall slowly.

Not long after, Zheng Xiaopang's phone rang. Zheng Xiaopang took a look and answered the phone. He didn't forget to say something to Chen Fan, "Zhang Yang is here. I think the warehouse clearance has been completed."

Chen Fan nodded without saying too much.

"Hey, that's great. You rest for two days. When the time comes, you will take Miss Ying's plane to come to the Imperial Capital to play short for a few days? Wait a moment, I will ask Fanzi to tell you."

After saying that, Zheng Xiaopang handed the phone to Chen Fan, "Tell him the follow-up operation."

Seeing Zheng Xiaopang's actions, Chen Fan couldn't help laughing, shook his head, took the phone and said, "Hey, Yangzi, it's me, I haven't figured out where to short it yet, and there is still room for gold prices to rise now, yes, above 325 A small amount of shorting”

After hanging up Zhang Yang's call, Chen Fan handed the phone back to Zheng Xiaopang, and said casually, "2.7 million, not bad."

"You are stupid, why did you ask him to make an order of 1 million yuan? If you mobilize 3 million to 5 million yuan, you may even make a profit of 10 billion yuan this time."

Zheng Xiaopang became greedy at this moment, "I lost 7 to 8 million yuan, which is at least ten sky palaces."

"At the time, I didn't think too much about it. Sometimes when I saw some trading opportunities, I felt too lazy to do it."

Chen Fan thinks about it. Although Chaofan Investment Headquarters definitely does not have 5 million yuan of funds, 3 million yuan may be able to be collected together. What's more, you can ask Jinxin Company for arranging for 5 million yuan to invest. It's a trivial matter, the rice stocks they deposited with Jinxin Company far exceeded this amount. Of course, they didn't know that these stocks had actually been used by Chen Fan to invest in partnership with others.

But with this batch of stocks as collateral, I am afraid that even 10 billion yuan can be easily obtained.

"It was indeed a mistake." Patting his head lightly twice, Chen Fan also felt heartache at the moment. He really lost a lot of money.

"In the future, I will have to find some places to spend money for you to spend, otherwise you will not know the value of money at all."

Zheng Xiaopang also said a little arrogantly at the moment, Chen Fan already knew that he was wrong, and he had to beat the dog in the water and wash him off.

But looking at Chen Fan's appearance, Zheng Xiaopang didn't know what to say for a while, he still let him make money, but it was a lot less, the more he thought about it, the more angry he became.

The price of gold began to fall from 322 meters, and immediately gained new support after falling below 320 meters. Although these round numbers often have no technical support, they still have a great psychological impact on market investors. After the yuan supported the price of gold, it launched a new offensive again.

(End of this chapter)