Rebirth 79: I opened a bank in the United States

Chapter 115
It is said that the new year is a new atmosphere. At the beginning of the 80s, Carter deeply realized the meaning of this saying.

In January of 80, the U.S. stock market, to be precise, was a bustling commodity trading market.With the passage of time, the Hunter brothers, who have been tossing the wind and rain in the BY market for nearly half a year, are getting closer and closer to the central C position on the stage of this great era.

As the old saying goes, the best thing to do is to make a fortune in silence!The Hunter brothers, who stood under the spotlight of the times, obviously violated the law of making a fortune silently. If they violated the law, they would naturally get nothing.

First of all, let’s look back at the past. The first one to attack the trendsetters or shit-stirring sticks of the Hunter family in this era was the New York Mercantile Exchange.Under the banner of "avoiding market manipulation", it took the lead in promulgating the regulation that the net position of silver futures contracts should not exceed 500 contracts.That is to limit the number of silver futures contracts purchased.

But the Hunter family said: That's it?That's it? ?

The Laozi family has a large number of people, with a gathering of heroes inside and strong support from Saudi Arabia outside!You are strong and you are strong, and the breeze blows the hills: You can stipulate it. Anyway, after I buy it, I will put the contract separately in the accounts of different family members, or the accounts of Saudis. This small restriction is not enough at all. Look
In the first round of confrontation, the New York Mercantile Exchange was completely defeated!

And the old saying is said again at this time, the young ones are beaten and the old ones come.After the New York Mercantile Exchange's sad exit, the leading big brother, the Commodity Futures Trading Commission, is over!
I heard that your Hunter family is quite arrogant?There is also strong support from Saudi Arabia, right?OK!Then I want to check what is the relationship between you and the Saudis?Have your Hunter family become the lackeys of Saudi Arabia, the American traitors, helping others mess with us?
Faced with this kind of questioning, the Hunter family yelled for injustice, and even poured a pot of dirty water back: You just don't want smart people to get rich!You are violating the constitution and engaging in dictatorship!
While shouting grievances and pouring dirty water, the Hunter family continued to borrow money to buy silver frantically.That guy didn't pay attention to the leading brother at all.Just love and kill each other like this came one month later:

Seeing the elder brother being humiliated, the Chicago Board of Trade, who had been watching for a while, felt deeply that "the king is humiliating and the minister is dead", and immediately slashed.
Margin, raise it for Grandpa!
Don't you have money to buy silver? !I put up the futures margin to see how much money you have left!

The margin for the silver futures contract rose directly from US$1000 to US$6000.At the same time, a reminder notice was issued, requiring the Hunter family to make up the difference in security deposit in time.

The Hunter family was startled when they heard the letter for the first time. One contract paid 5000 yuan. The amount of money they have to pay for so many contracts is simply astronomical.What is "beating a snake seven inches"?This is the seven inches of fighting a snake, but looking at the huge amount of silver he has already mastered in front of him, and the estimated profit on the book that is enough to make anyone lose his mind, Nelson Hunter, who is riding a tiger, has red eyes and bites his silver teeth. : "What the hell!"

While the Hunter family continued to borrow from major Wall Street securities firms and banks, Carter, who was more than [-] kilometers away from New York, was also frightened by the operation of the Chicago Board of Trade.

Although the regulations of the Chicago Board of Trade seem to only target silver, you must know that the current situation of gold is not much better than that of silver!
For a silver futures contract, the standard unit is 5000 ounces and the margin is 1000.In the era of silver price of 2 dollars, this number is not a big problem, even if the margin rate is 10%.But who knew the price of silver would rise so fast? In 76, an ounce of silver was only $4.3!
The margin that was applicable at the beginning is now calculated using the silver price that is positively impacting 50 US dollars. It is easy to find that the margin rate at this time has dropped to about 0.4%, and this ratio is converted into leverage. That's 250 times!
This is even more exaggerated than Carter's 50 times leveraged gold.In the same way, the margin for silver futures is no longer applicable, so is it applicable for gold? !

The relationship between the gold futures margin rate of about 1.8% and silver's 0.4% margin rate is the relationship between the big brother and the second brother.In Carter's eyes, these two things are extremely special at the moment, and they can be called futures commodities like financial bugs.

Carter, who was eating melons, heard that the Chicago Board of Trade had discovered a loophole in the silver futures margin rate.Immediately panicked, according to common sense, after filling in the loopholes of silver, the gold on my side should also be patched?
From Carter's understanding, it definitely will!The nature of these two bugs is exactly the same, a string of codes (the operation of increasing the margin), change two characters (silver into gold), and it can be used immediately. The pit, regardless of gold!

His Hunter family is rich and powerful, and even if the security deposit is increased, he can still try to borrow money to make up for the loopholes.But what about myself?If the margin for gold futures followed suit like this, wouldn't it be the end of my small family? !
When buying gold futures, I borrowed all the money I could borrow, so where can I borrow money to fill this pit? !

"Hey! Julie! Gold Gold! Hurry up and let go!!!"

Picking up the phone hastily, Carter's tone was trembling with fright.After dialing Julian's phone number, he directly issued an order to close the position.

I really don't want to keep this thing!Moreover, as of now, a lot of money has been earned.

Because just before the opening of the market today, the price of gold has reached $685, compared with when it was bought, the profit per ounce has reached $151.What kind of concept is this? It is roughly equivalent to an increase of 50% on the basis of the previous book profit of more than [-] million.
Let go at this time, thirty million!Thirty million! ! !
Carter didn't know whether his trembling when he said the word "let go" was because of fear or excitement.This is simply a classic reflection of life and death, wealth and honor in the sky!

The Chicago Board of Trade, that is the sky for Carter now.Any movement of it, any small movement may directly affect Carter's life and death.

If the margin raised by the Chicago Board of Trade at this time is not only about silver, even if it is just adding "and gold" after "silver", then Carter will be finished this time.He couldn't say "no", and he didn't have the money to fill the hole, so he could only end up dead.

However, it didn't add the damn "gold"!On the contrary, it woke Carter up with a start and became vigilant, forcing Carter to make a decisive choice between "letting go immediately" and "delaying letting go".

And this choice will bring about a real profit of more than [-] million US dollars!As the core factor that prompted Carter to make up his mind, the move by the Chicago Board of Trade seems to be forced by God to feed you. You can't do it unless you accept the [-] million proceeds.

Just as cold sweat climbed up Carter's back and was quietly wetting his clothes, Julian who heard Carter's order was also shocked.blurted out a sentence:
"Did you watch the news?!"

(End of this chapter)