America 1979

Chapter 50
On the morning of December [-]th, in a remote corner of the New York Mercantile Exchange.

"Mr. Bill, if I remember correctly, this is the fourth time we have met."

Bill's trader, Andrew, dressed in a black suit, came to him with two cups of coffee in hand, and handed over one of the paper cups.

"Yes, Andrew. I want to sell all my silver futures." Bill took the paper cup, took a sip and only held it in his hand as a hand warmer.

Americano was too bitter for him to drink.It is said that this extremely bitter coffee method originated from the cowboys during the westward movement. In order to make a living, the cowboys drove thousands of cows through the cattle track to the northern market. In order to keep the team members sober, the accompanying chef made a this coffee.

It is worth mentioning that during the brewing process, the most authentic Americano often adds a horseshoe to the coffee pot.

"Well...Mr. Bill, with all due respect, although the big institutions are selling short silver futures, the Hunter brothers, the dealers, still seem to have spare capacity. As you know, their father is a new generation of oil kings. There are more than 8000 horse racing horses in the world... It is the most sensible way for retail investors to follow dealers, and I bet that if you continue to hold on, the price of silver will double in February to March next year."

Andrew held the paper cup in his right hand, and kept gesticulating with his left hand, trying to instill his professional analysis of the market to customers.

"Yesterday's closing price was 39 US dollars per ounce, right? I want you to sell at this price now, and then we will settle the transaction fee."

Bill didn't care what Andrew thought, and only gave his own instructions.

The main reason he did this was to repay Ryan Marino's loan, and the secondary reason was that the $11 in funds could hardly cover the margin of the three contracts.

After the price of silver per ounce exceeded [-] US dollars, NYMEX also increased the margin of each contract, and brokerage companies also increased.The total margin for the three contracts is currently $[-].

"Well, the client is God, and we absolutely obey the client's decision." Andrew nodded, and suddenly began to gesture with his left hand, "As you know, Becky's is a very large brokerage company..."

"Don't beat around the bush, just say what you think, I don't have time to listen to what you say about the history of Becky's company."

Following his right hand to hold the cup, Bill, who was gesturing with his left hand, interrupted Andrew.

"I mean sell it to Becky Company, they are strong enough to eat the 150 lots of silver."

Bill nodded and agreed, "You can do what you want, as long as it is not lower than the market price. I will see the money in my account soon."

Andrew walked to the silver trading area with a cup of money in one hand, where the traders were using various codes to complete the employer's instructions.

A few minutes later, Andrew brought over a fat trader in a white shirt, black overalls, and shiny black leather shoes with thick heels.

Likewise, this trader is also holding a paper cup.

After following Andrew, he didn't speak immediately, but handed the cup to Andrew, took out a white medicine bottle from his trouser pocket, unscrewed the cap, poured two unknown pills into the palm of his hand, and put it in the paper cup. The coffee in the cup swallowed the two pills.

"Sir, please forgive me. I have to take some medicine to stay focused." After finishing the trivial matters, the fat trader raised his head and took a closer look at the handsome and strong man beside him.

"Oh! It's Mr. Sports Car. I'm your fan!" The big fat trader immediately became excited.

He let go of the cup, took a step forward, took Bill's hand and started stroking it, touching his shoulder little by little, "My God, this muscle is so perfect."

Bill shook off the fat man who seemed to be a fan, "Let's complete the deal first, OK? Let's talk slowly later."

The big fat trader withdrew his hand shyly, took a step back and kicked the dropped cup away, and then started negotiating with Andrew and Bill.

“Originally the closing price yesterday was $39.16 an ounce, but it fell a bit this morning, so far I can give you $39.05 an ounce. But this is the price of the spot and front-month contracts, and your contract is next July The far-month contract for delivery. Our company is bullish on silver futures in the near term and bearish in the long-term. So the far-month contract should be slightly lower... Well, $38.73 an ounce, what do you think?"

The big fat trader made his offer.

Bill looked at Andrew, who nodded and said, "This is the truth. It is impossible for silver futures to stay at a high level for a long time. The price of the far-month contract is indeed lower."

After glancing at the two of them, Mr. Ferrari pretended to be helpless to be taken advantage of, "That's how it is, and I'll make $[-] less. Maybe I should continue to hold it, but..."

The big fat trader stroked the straps on his shoulders, "Then shall we settle the settlement?"

Bill nodded in agreement, and the three walked towards the staff of the New York Mercantile Exchange.

The process of reselling contracts is relatively simple. Bill only needs to pay a handling fee of 464.76/[-] of the total contract amount to the exchange, and the three contracts are only $[-].

But the handling fee for Andrew and the Hilson brokerage company behind him was much higher, and 2.6 points of the total income were taken away by them.

The total book price of the three contracts when they were purchased was $28, and the book price sold today is $58, with a total profit of $950, giving the brokerage company $298050 and $740 .

After paying all fees, Bill has a net profit of $289835.94 and a principal of $11 left in his account.

After transferring the borrowed principal and 5 yuan to his Wells Fargo account, Bill basically completed the task of coming to Manhattan today.

"...Joe Gage, let's talk again when we have a chance. Next time I come here, I might ask you to be my manager." After exchanging pleasantries for a while, he bid farewell to the two.

As silver rises, the gold-silver ratio will naturally decrease. Now is a good time to buy gold futures, but the price of silver has not reached its peak, so there is no rush to buy gold. Wait until January next year, that is, two or three weeks later, he will come again according to the market operate.

Fatty Joe Gage, who watched "Mr. Sports Car" leave, kept a smile on his face, and began to mutter: "The times are getting better and better, and fools can make 30 casually."

Andrew on the side couldn't help asking curiously: "Aren't you a fan of Mr. Bill? Why do you use words like fool..."

Joe Gage spat, "Just because he's a fan doesn't mean I approve of everything about him. Which football player isn't a fool? F***, I want to make a lot of money, and I want to buy all of it in silver."

The illicit drug he had just taken started to take effect, which made his thoughts race, "It took three months from eighteen to thirty-nine. According to the current situation, there is no problem with an ounce of silver rising to sixty or seventy dollars. Fool I can earn 39 yuan for three months, and I earn more than him for three months.”

The more Joe Gage talked, the more excited he was. Under the puzzled eyes of his friend Andrew, he had already made a decision to mortgage his house to buy silver futures.

What he can earn, I can earn too!

PS: Ask for favorites, recommend tickets, and ask for monthly tickets.

(End of this chapter)