Rebirth 79: I opened a bank in the United States

Chapter 100 Abnormal Market Performance

"Jenny, I'm off to school!"

"Go, go, I called your grandpa yesterday, and I will go back to Texas when you are on vacation, and Melis and Anna will go back together."

"Okay, then I'll take the car for maintenance in the afternoon and change the tire by the way."

After returning from Atlanta, winter vacation is not far away.Christmas is the Spring Festival for foreigners, and usually there will be a holiday before mid-December.And the Thanksgiving holiday happens to be at the end of November, which means that after going to school for less than half a month, they will be liberated again.

Therefore, after hearing that Jenny had already called her grandpa in Texas and made an appointment for "Chinese New Year" together, Carter had to prepare in advance.

"Do you need any presents from Grandpa and Grandma?"

While changing shoes at the entrance, Carter asked.

"No, everything is fine. Your grandfather was very happy when he heard that you were going back. He said, after you go back, ask your two uncles to take you to hunt. When you bring back a wild boar, he will roast it for you." Maybe by now your grandpa has gone into town to buy barbecue sauce."

Smiling, she walked to Carter's side, hugged him, and looked at the grown-up son in front of her, Jenny was full of emotion:

"Your grandpa will definitely be surprised when he sees you today. When you went there last time, you were still pestering him to ride a big horse, and now you can take care of yourself."

"Now I can definitely ride it, hahaha, well, I'm off!"

In the memory of the original little Blake, there was a tall horse named Janet on the farm of the grandfather's family.I don’t know the specific breed. Carter, who was only 13 years old in my memory, struggled even to get on the horse, and had to be helped by his grandfather to ride it.

Say goodbye to Jenny and come to school.This time back to school, the time is approaching the exam week, and it doesn't make much sense to continue the series of classes.Carter returned to his classroom honestly and began to review the content of the exam this semester.

Two weeks passed in the blink of an eye.Campus life is still as plain as water, and it is basically the same as before, except for the occasional philistine elf, Licolis, who comes to harass and harass Carter.

As for the relationship with Liqueris, Carter finally controlled his lower body that night in Atlanta.Just like a master's trick, after clicking until the handle addiction and eye addiction are over, there is no more content.There is a slight breakthrough in the barriers of the past, but that's all.

As for why there are no more breakthroughs, firstly, Carter is afraid of being entangled; secondly, Carter is afraid of being entangled by HIV
You know, it is only 79 years now, and there are still two years before the first HIV diagnosis in 81, and it is still seven or eight years before Reagan officially gave a speech on the widespread HIV epidemic and responded.

In this harsh "happiness" environment, people who can't control the birds are really hard to live long.
Outside of campus, apart from asking for leave to go to Savannah on December 12, Carter's biggest concern is naturally the rise in gold.Thanks to the slightly low-key rise in gold, under the cover of high-profile silver, Julian successfully gathered a large number of gold futures contracts.

When summarizing more than a week ago, Carter was surprised by the exaggerated leverage of futures:
Under normal circumstances, if you buy spot. For 320 million US dollars, if you buy gold at 534 US dollars per ounce, you can probably buy about 5992 ounces.And buying futures is still buying futures in this era when trading rules are relatively barbaric.
A gold futures contract, with a volume of 100 ounces, only requires a margin of $1000.Compared with the contract value obtained by multiplying the current market price of gold by the contract volume, the margin ratio is less than 2%, which is only about 1.8%. Compared with the 8% margin required by the Shanghai Stock Exchange for gold futures trading in the future, it is fully More than 4 times less.

After deducting the $[-] deposit for each contract and the purchase contract, as well as the expenditure for the new contract, Julian helped Carter do the calculation:

The investment of US$320 million, in order to reduce the attention of the Commodity Trading Commission and to control risks to a certain extent, only US$180 million was used to establish a new gold futures contract.The delivery time is six months, and the delivery price is the current price of 534 US dollars.Just for newly established contracts, the contract value has reached the level of [-] million US dollars.

Compared with the principal investment of 180 million, the leverage ratio reached 53.4 times.The remaining US$140 million is used to purchase the contracts that are circulating in the market. The delivery time of the purchased contracts is at least three months later. Cheap, but delivery prices on those contracts were also much lower than Carter's new contracts.

Most of them are maintained at about 200 to 300 US dollars per ounce. In terms of the difficulty of selling, these contracts established earlier and circulated in the market are much easier than the newly created contracts.You don't have to worry too much. Even if you can't sell these contracts in time, you can definitely sell them. Even if there is a loss, it is not too big.For Carter now, such losses will not have much impact.

But creating a new contract is completely different!

If this part of the contract is played out, it will not be sold in time in the end.With such a high delivery price, it is almost impossible to sell, and when the contract is executed, where can Carter find more than [-] million US dollars?No matter how powerful Magellan Fund and Quantum Fund are, it is impossible to roll their own seven million yuan into more than ninety million yuan in a year.
I mentioned Carter's theoretical logic of investing in gold earlier, so when implementing it, Carter naturally followed the law of "the inflation rate affects the price of gold".While keeping an eye on the changes in the gold market, we also keep an eye on the changes in the Fed's funds rate.

If the fund rate rises, the inflation rate will fall, and the price of gold will fall; if the fund rate falls, the inflation rate will rise, and the price of gold will rise.The logic is still so simple and crude, but the Federal Reserve at this meeting seems to have a convulsion
The discount rate changed almost three times a day, from 10% to 12% to 13%. When Carter was taken aback and planned to sell the gold futures contract, it suddenly fell back to around 10%.Although the fluctuation of the funds rate is not as exaggerated as the discount rate, it is generally the same
Seeing the discount rate and fund rate jumping back and forth like this made Carter feel tired.His young heart was also quietly growing amidst the ups and downs of fright.

When it was time to leave for Texas, the federal funds rate was barely maintained at around 11% amidst ups and downs.Compared with the previous average of about 10%, the stable fund rate of about 11% is logically rising.

According to Carter's logical model, the price of gold should be at risk of falling at this time, and it is time to sell the contract.But a miraculous thing happened. At this time, the price of gold not only did not fall, but rose to 573 US dollars. Looking at the momentum, not only did it show no signs of falling, but it even seemed to hit the 600 US dollar mark.

This strange market fluctuation and completely illogical market performance made Carter look worried along the way, and there was no joy on his face about seeing his relatives who had been away for more than three years.

"Carter, do you have any unfinished business? You were frowning along the way. I didn't mention you before, but now you have your own business. It is reasonable to be a little worried. But now you are going to Texas soon. If you go on like this, if grandpa sees you like this, the old man will feel very sad, and will think that you don't miss him anymore!"

"No, Jenny, it has nothing to do with grandpa. Don't worry, I will control my emotions when I get to grandpa's house. I don't have anything bad to do now. I'm just worried and confused about some things."

(End of this chapter)