Reborn in Hong Kong as a Tycoon

Chapter 501 Gold Price Trend Prediction, Ability Inspection (Two in One)

Unknowingly, Lin Baicheng brought his younger sister Lin Qin to Los Angeles for about ten days.

At noon on July 7, Lin Baicheng called Vivien Kelly, Doug Gordon, and Sun Yiyang to his villa in Beverly Hills during his lunch break.

Lin Baicheng took the three of them to the study to talk.

"I called you here today because I want to hear your views on the follow-up trend of international gold prices, and express your opinions boldly."

Since the international gold price rose to 280 US dollars per ounce, there has been no big rise or fall, and it has been oscillating.However, the international gold price has fluctuated upwards recently. Although it has not risen sharply, and sometimes even adjusted and fell slightly, the international gold price is still rising slowly to 290 US dollars per ounce, and it is far away from the price of 300 US dollars per ounce. Not far away.

Lin Baicheng has invested a huge amount of money in long orders of international gold prices, so he has always been very concerned about the trend of international gold prices.

Regarding the follow-up trend of the international gold price, Lin Baicheng is much clearer than Vivien Kelly and the others. He already knows it well. The reason why he still asks this question is mainly because he wants to know how the three of them make their judgments. It is a test of their abilities.

"Chairman, since you asked, I'll talk about my opinion first."

Among the three, Vivien Kelly spoke first: "You know, I always thought that the price of oil will rise again, and the reason why the price of oil will rise is more likely to be affected by geopolitics in the Middle East. And if my guess becomes a reality, the international gold price will also benefit from it and rise accordingly, so in the medium and long term, the international gold price will continue to rise.”

"As for the short-term, I personally think that the international gold price will launch a sprint towards 300 US dollars per ounce, and it is currently uncertain whether it can break through this price. However, I personally think that no matter whether it can break through the price of 300 US dollars per ounce, the price of gold will definitely peak and adjust , there will be a small wave of decline.”

"This time the international gold price fluctuated at US$280/oz for a long time, so there will definitely be support after the gold price adjusts to this price. The follow-up market depends on whether this price can be supported. It may fall back to $250/oz; on the contrary, if the price can hold at $280/oz, there will be a rebound and return to $300/oz again.”

"As for whether the international gold price will continue to fluctuate at $300 per ounce, continue to break through, or adjust to fall again, I have no way to judge at present. I can only judge based on the trend and news at that time."

"Now Vivien has said, which of you two will come first?"

Lin Baicheng nodded without making judgments, but looked at Doug Gordon and Sun Yiyang.

"Let me go first, Chairman."

Doug Gordon said aloud: "Because the company has a large investment in gold futures, I have conducted more in-depth research on the trend of international gold prices in recent months."

"First of all, because the country announced its withdrawal from the Bretton Woods system in 71 and announced the decoupling of the U.S. dollar and gold. Since then, the gold price has broken away from the official pricing model, and the price is determined by market supply and demand, which has led to a sharp rise in international gold prices."

"In 73, due to the depreciation of the US dollar, countries rushed to buy gold, and the price of gold rose to about 100 US dollars per ounce, which was three times the original official price. In 75, the price of gold rose to a high of 200 US dollars per ounce. At that time, the price of gold was already six times the official price.”

"Subsequently, due to the high inflation rate that led to the country's economic recession, in order to stabilize the market's speculative demand for gold, the Ministry of Finance announced the auction of part of the gold reserve, and the International Monetary Fund also made the same move, which led to gold being absorbed by active subscription orders. , The price of gold began to adjust for more than a year, and at the lowest point it was adjusted to about 100 US dollars per ounce, which is already the price after halving compared with the high point.”

Lin Baicheng knew what Doug Gordon was talking about now. Before his rebirth, he didn't know about it, but after he was going to invest a lot of money to do more, he made a special effort to find out, so he knew it all.But he knows what he knows, but he didn't interrupt Doug Gordon, but let Doug Gordon continue.

"In 77 of the previous year, the international gold price began to rebound significantly, and in 78 last year, it once again broke through the previous high of 200 US dollars per ounce."

"From the beginning of this year to now, the price of gold has been fluctuating upwards, and now it is not far from the price of 300 US dollars per ounce, and it may even break through to this price in a few trading days."

"We should note that starting from May this year, the Ministry of Finance and the International Monetary Fund have compressed the original gold auction plan. I think this is the fundamental reason why the price of gold began to fluctuate upwards in May."

"In today's international gold price trend, it is obvious that the bulls have the upper hand and the bills are endless, so is it possible for the Ministry of Finance and the International Monetary Fund to completely abandon the gold auction plan? Once this happens, it will definitely have a negative impact on the rise in gold prices A huge plus."

"What's more, since last month, I have found that the inflation situation in this country and European countries is getting worse, especially the debt of the country has increased significantly, and the economic situation is obviously getting worse."

"Let me talk about a specific figure. In 1970, the country's debt was only 4000 billion U.S. dollars, but now it is close to [-] trillion U.S. dollars, more than doubled. Such a large debt will definitely damage the market's confidence in the U.S. dollar , allowing more funds to abandon the US dollar and choose gold, thereby promoting the rise of international gold prices."

"Therefore, in the absence of sudden huge positives and huge negatives, the possibility of international gold prices continuing to rise in the medium and long term is extremely high. 300 US dollars per ounce is not a high point at all, and gold prices may launch a sprint towards 400 US dollars per ounce."

"The previous high of the international gold price last time was 200 US dollars / ounce, and this time 400 US dollars / ounce is bound to be a great resistance level even if it is not the peak high, so I think the gold price will continue to rise, but in the distance It should be said that when the price of 400 US dollars / ounce is closer to [-] US dollars / ounce, the more prepared it is to close out long orders, at least part of it should be closed.”

"Brown, you're left."

After hearing this, Lin Baicheng looked at Sun Yiyang. Brown is Sun Yiyang's English name.

For now, Lin Baicheng is very satisfied with Doug Gordon's judgment. If there is no second oil crisis and the sudden Red Soviet invasion of Afghanistan, the trend of international gold prices will be consistent with Doug Gordon's judgment. The error, the error will not be too large.

The reason why the international gold price can rise to the highest point of more than 800 US dollars per ounce at the beginning of next year is because of the double stimulus of the second oil crisis and the sudden invasion of Afghanistan by the Red Soviet Union. This is a sudden good news that no one can predict to.

Therefore, Lin Baicheng is already very satisfied with Doug Gordon's judgment, and he is also satisfied with the way Doug Gordon spends time on in-depth research.

"Chairman, my research on international gold price trends is not as in-depth and thorough as Mr. Gordon's."

Sun Yiyang first admitted his shortcomings, and then said: "I put more energy on the US stock market, looking for those stocks that performed well but were mistakenly killed because of the bad market. Once these stocks wait for the market to improve, I think they will Will definitely react better than other stocks.”

"Tell me about your judgment on the trend of gold prices."

Lin Baicheng reminded Sun Yiyang not to digress when he heard the words.

"Because there is not much research, I can only talk about the short-term trend of gold prices."

Sun Yiyang explained, and then said: "In my opinion, the price of gold will definitely continue to strengthen in the short term, touching the price of 300 US dollars per ounce, but this is a new high price, and there will definitely be funds to open short orders at this price. Funds that started to buy long orders at the beginning of the year are likely to choose to close the long orders, and the pockets are safe."

"Under the dual pressure of short-selling and some bulls' pockets, there will definitely be a wave of adjustments in the price of gold, and the low point of the first stage of this wave of adjustments will be around $280 per ounce, and this price will definitely be supported for a while. "

"As for the subsequent trend, we must judge according to the real-time trend and the news."

"So, the judgments of Vivien and Brown are almost the same."

Lin Baicheng looked at Vivien Kelly and Sun Yiyang. Instead of commenting on their judgments, he said to Doug Gordon: "Gorton, your homework is very good. Appreciate your way of doing things and continue to work hard in the future.”

"Thank you for the appreciation from the chairman. I will definitely work harder in the future."

Doug Gordon responded immediately, the joy in his heart was directly expressed from the smile on his face.

Although Vivien Kelly and Sun Yiyang didn't change their faces, they felt uncomfortable in their hearts. They knew that Doug Gordon had won the prize this time, and they were compared.

Lin Baicheng said to the three people: "The long gold futures funds I entrusted to you, don't move them for the time being, and don't do any operations without my order."

"Chairman, don't worry, we will not exceed our authority."

Vivien Kelly and the three of them immediately assured that even if they wanted to do that, they couldn't do it. The operation of large amounts of money required the permission of Haruko Mori, and they alone couldn't do whatever they wanted.

As for Haruko Mori, she didn't even have the authority to operate it.

Lin Baicheng continued to say to the three of them: "As for the part of the funds you operate, the gold futures you bought are more than one order. You can close it whenever you want, and you can make a decision after internal discussion. I only have one request for you , that is, don’t use the funds to short gold futures, I have no plans to do hedging.”

The reason why Vivien Kelly and the others were allowed to make an internal decision was because Lin Baicheng wanted to know what kind of decision they would make when they knew his attitude. This was related to Lin Baicheng's ability to judge the three of them.

Even if he makes less money because of this, Lin Baicheng can accept it. After all, Golden Fleece Offshore Company will manage a lot of funds in the future, and it is very important to examine the capabilities of high-level executives.

After hearing the words, the three expressed their understanding one after another.

After a while, Lin Baicheng asked Vivien Kelly and Sun Yiyang to go back to the company first, leaving Doug Gordon behind.

Lin Baicheng is going to chat more with Doug Gordon, whether it is life or work.

Vivien Kelly and Sun Yiyang left without changing their expressions, but their hearts were not at peace. It was not a good thing for the two of them that Doug Gordon was valued by Lin Baicheng.

For now, Vivien Kelly, Doug Gordon, and Sun Yiyang are equal in rank. The company has recruited a few outstanding talents to manage a lot of funds in recent months. It is true, but this time The fact that Lin Baicheng didn't call them over already showed that the three of them had more status in the heart of the boss Lin Baicheng.

The Golden Fleece Offshore Company currently has no CEO. Although Haruko Mori manages the company's daily affairs and supervises funds, they all know that Haruko Mori will not stay in the company for long and will leave sooner or later. A real CEO.

For this CEO, Vivien Kelly, Doug Gordon, and Sun Yiyang are all coveting, and they all want to be in the top position. No one wants to take a higher position and receive a higher salary and commission.

Therefore, as long as there is an opportunity, Vivien Kelly, Doug Gordon, and Sun Yiyang will try their best to show their abilities and let Lin Baicheng, the boss, know that they are more capable, so that they will be more likely to be appointed as the company's leaders in the future. CEO.

But this time, Doug Gordon was clearly ahead of Vivien Kelly and Sun Yiyang, and they were so happy.

Although Lin Baicheng doesn't know the little Jiujiu of the people below, he can guess a little bit.He didn't say anything about it. First, he hadn't thought about letting anyone manage the Golden Fleece Company. Second, whoever is in charge must depend on his ability. He is currently doing ability assessment.

That night, Lin Baicheng received another international long-distance call from Mineryu Iwasaki from Tokyo.

Mineryu Iwasaki still asked about the international gold price. He said that he sold some of his long orders around US$280 per ounce, and now he has sold at a loss. Seeing that the international gold price is not far from breaking through the US$300 per ounce price that Lin Baicheng said If it is far away, I asked Lin Baicheng if he would sell it around the price of 300 US dollars per ounce.

Bailong Commercial Club is also doing long orders of gold futures, and the financing is still using the funds of Mitsubishi Bank, so Lin Baicheng knows very well that Iwasaki Minelong knows the trading situation here.

Therefore, Lin Baicheng said that he would wait and see if he was not going to close the long orders of Bailong Commercial Club, and had no intention of closing the long orders for the time being.

As for his opinion on the follow-up trend, Lin Baicheng only said that he can't be sure now, he can only take one step at a time, and inform Iwasaki Mineryu after a decision is made.

Facing Lin Baicheng's answer, Iwasaki Mineryu expressed his gratitude whether he believed it or not.He will always keep an eye on Bailong Commercial Club's financing orders with Mitsubishi Bank, and he will be satisfied if Lin Baicheng can notify him when he is operating.

Even if you lose money following Lin Baicheng's operation, it is a loss for everyone, and Mineryu Iwasaki can accept it.

(End of this chapter)