Reborn in Hong Kong as a Tycoon

Chapter 151 Gold Price Short-term Trend
"Alan, here's the thing."

After making a joke, Phil Smith continued to talk about the business: "The broker I was looking for told me that $200/oz was the pressure level for the gold price, and it was adjusted when it was as high as $192/oz last time. This time is likely to be no exception. The closer gold gets to $200 an ounce, the more likely that correction will be."

“That’s also our view at Goldman Sachs.”

Wade Thomas said: "The price of gold has risen from US$76/oz in the autumn of 102 to US$195/oz today, which has increased by US$93/oz. In more than a year, the increase has exceeded 90%. Such a huge increase , When the gold price is under pressure, there will definitely be some profit-taking and leave the market, and at the same time, the shorts will take advantage of the situation to suppress the gold price, and even the longs will turn short and become shorts, so it will be difficult for the gold price to break through $200 per ounce.”

This is Goldman Sachs' point of view. Goldman Sachs, which has invested a sum of money to become a short seller, certainly doesn't mind its judgment being known by more people.Because only in this way can more bulls leave the market, and even some bulls become shorts, and together with Goldman Sachs, they can suppress the price of gold, so that Goldman Sachs can make money.

"I just want to ask Alan how you judge."

Phil Smith said: "After all, Alan, you have invested so much money, you must have your own way of judgment, and I hope that Alan, you will not be stingy and can share your views." He wanted to hear Lin Baicheng's views first, Then decide how to do it. After all, this is an investment of tens of millions of dollars, not a small amount.

"After all, I am not a professional. My judgment on the price of gold is a long-term rise. That is, in a year or two or even longer, the price of gold will definitely break through 200 US dollars per ounce, or even break through 300 US dollars per ounce. It is not impossible. The short-term market I don’t have the ability to judge the trend at all, and if you and Mr. Thomas hadn’t mentioned it, I wouldn’t have paid attention to short-term changes in the market.”

Lin Baicheng shook his head, saying that he would really like to thank these two, otherwise he would not have judged the short-term trend of the gold market.But it's different now. Last time, there was a high and a low. If you don't care about it this time, it can't be justified.

Phil Smith was surprised: "Alan, you don't always take the long-term investment method? After you buy it, you keep holding it, regardless of short-term market changes, and don't move?"

Lin Baicheng nodded, looked at Wade Thomas and said: "Mr. Thomas should be the clearest. Since I bought gold futures, I haven't operated once. Even the last gold price adjustment was no exception. I didn't move at all. .”

"Alan did exactly that."

Faced with Phil Smith's gaze, Wade Thomas nodded and said: "Investors like Allen are indeed extremely rare. It is almost the same in the stock market, and almost no investors in the futures market would do this." .”

Lin Baicheng said aloud: "It's a pity to say that I didn't sell it in time when the price of gold was adjusted last time. Since there may be an adjustment in the price of gold this time, I have to think carefully about it."

Phil Smith looked at Lin Baicheng and said, "Allen, how about letting me know when you decide?"

"no problem!"

Lin Baicheng responded with a smile, and then said: "However, there are some things I want to say first. If my judgment is wrong and you believe my judgment, then don't blame me for losing money."

Phil Smith nodded heavily: "Don't worry, Alan, your judgment is just a reference, just like the judgment of Goldman Sachs, I will only use it as a reference, otherwise I won't ask Alan again, so In the end, making money and losing money is all my own business and has nothing to do with others.”

"This is the best way. I don't want to affect our friendship because of this kind of thing."

Lin Baicheng raised his glass with a smile, and touched Phil Smith.

"me too!"

Phil Smith also didn't want to affect his friendship with Lin Baicheng, after all, cooperation with Lin Baicheng could help him make money.

Afterwards, a few people chatted about something else, and Phil Smith left to find other business partners, not ignoring everyone.

It was already past nine o'clock in the evening when Lin Baicheng and Isabella left.

Lin Baicheng asked the driver to drive Isabella back first.

The car is driving on the road.

Lin Baicheng said to Isabella who was sitting next to him: "Isn't that friend of yours working at Merrill Lynch? Ask her to see if Merrill Lynch also thinks that 200 US dollars per ounce is a pressure level. There are adjustments. In addition to Merrill Lynch, other investment institutions such as JPMorgan and Citigroup have research reports, if they can be collected, they should also be collected. Today’s gold price is about 195 US dollars per ounce. If there is any adjustment, That should be soon, so this matter must be done immediately."

Isabella responded immediately: "Yes, BOSS, I will contact my friend as soon as I get back. She must know the views of other organizations."

"Well, I'll wait for your news."

Lin Baicheng nodded and said no more.

After sending Isabella home, Lin Baicheng went back to his villa in Beverly Hills.

Back at the villa, Lin Baicheng contacted Cheng Yufeng from Xiangjiang, and asked Cheng Yufeng to find Yuan Tianfan from HSBC and ask Yuan Tianfan his views on the recent trend of gold prices, and at the same time look at the views of HSBC Bank and Standard Chartered Bank on the trend of gold prices. Then report to him right away.

It was about ten o'clock in the evening in Los Angeles, and it was already about one o'clock in the afternoon in Xiangjiang the next day. The time in Xiangjiang was about 15 hours faster than that in Los Angeles.

Lin Baicheng was going to take a look at the opinions of various organizations first, and just took this opportunity to check Yuan Tianfan's ability.

Not long after, Isabella called first and told the news she had inquired from her friend.Her friend believes that the price of gold will be adjusted next, and $200 per ounce is a pressure level.

As for other investment banks such as JPMorgan and Citigroup, some believe that the price of gold will exceed 200 US dollars per ounce, and some think that it will be adjusted, but as far as her friend knows, there are more investment banks who think that they will adjust.But her friend said that the views of other investment banks may be just smoke bombs, saying that they are bearish, they may be long, and vice versa, so these can only be used as a reference.

Isabella's friend also said that even if you are bearish now, after the price of gold goes up, there is a possibility of stopping losses and turning over at any time. Therefore, it is best to have your own judgment basis and other people's opinions For reference only.

Lin Baicheng asked Isabella to thank her friend, and next time he finds time to treat her to dinner.

After hanging up the phone, Lin Baicheng was waiting for Cheng Yufeng's reply from Xiangjiang, while thinking about whether to move this time, and how to do it better if he did.

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(End of this chapter)