Rebirth 1980: Marrying my sister’s best friend at the beginning

Chapter 590: Selling at a Low Price!

New York Gold Futures Trading Market.Vip Room!
"Just cut the price by $1?"

Billy looked at Li Yi with an incredible expression. He wanted to make sure he heard correctly just now.

At the same time, George and others next to him also looked like they had seen a ghost.

Only Lan Xinyi, Cai Bingyan and others looked calm. They were already used to this kind of thing.

Just now, Li Yi issued the first order to the Billy team: "Let them directly reduce the price of one dollar per ounce and sell the futures contracts in their hands based on the current international gold price!"

After hearing this order, everyone was stunned.

"BOSS, I think you may not know the trading rules of the New York gold futures market. The trading unit here is 100 ounces. The minimum price change is 0.1 US dollars, which means the price fluctuation of one lot of gold is 10 US dollars."

Before Billy could finish speaking, Li Yi interrupted him and said in a deep voice: "You don't need to explain too much about the trading rules, I understand them all!"

"Then why are you still doing this?" Billy asked curiously.

Hearing this, everyone else's eyes were fixed on Li Yi.

In fact, it is not just Billy who is curious about what Li Yi thinks. You must know that they have a total of 166944 gold futures contracts in their hands. If it floats at a price of 0.1 US dollars, if the price of gold rises or falls by 0.1 US dollars, Li Yi's profit and loss is around US$170 million.

But now Li Yi directly cuts the price by US$1 per ounce. Once all these gold futures contracts are sold, based on the current gold price, Li Yi will directly lose US$1700 million.

Li Yi glanced at everyone, and then said: "I understand your thinking. Normally, we should place orders at the normal price, and then slowly sell the futures contracts in our hands."

"But we currently have futures contracts worth tens of billions of dollars. If we sell them at normal prices, it will be too slow and it will be difficult to bring the price down. So we can only use this saturated low price and sell in large quantities. contract, causing the international gold price to fall!”

After listening to Li Yi's explanation, both Billy and George's team looked at him as if they were fools.

Isn't this bullshit!

What affects the international gold price is never simply the relationship between supply and demand, but the international situation and the policies of the Federal Reserve, etc.

Although they have tens of billions worth of futures contracts in their hands, once they are put into the market on a large scale, they will inevitably cause violent price fluctuations.

However, if there are no major changes in the international situation or the Federal Reserve's policies, which affect investors' confidence in gold, even if the international gold price will fall at that time, it will not take long before it rebounds again.

By that time, Li Yi may suffer unprecedented losses.

Thinking of this, as a professional manager, George felt that he needed to persuade the young man in front of him.

"Boss, I think your strategy has huge hidden dangers."

However, before Billy could finish his words, Li Yi's voice rang in his ears again: "Sir, I don't want you to feel it, I want me to feel it!"

Just when Billy and others were confused, Li Yi said again: "It is your responsibility to warn investors about risks, and you have done a good job, but I want to remind you that you don't need to say this here. , you must strictly follow my instructions without any hesitation, can you do it?"

Billy frowned. This was the first time he had seen such a strong investor.

After a slight hesitation, he finally said: "Yes!"

Then, Li Yi looked at George and others aside, and his meaning was self-evident.

George did not hesitate and answered in the affirmative directly.

"Okay, ladies and gentlemen, now take action according to my orders!" Li Yi gave the final order.

"Yes!" Then, Billy immediately issued an order to the team members in accordance with Li Yi's instructions, asking them to immediately go to the trading floor and start selling the gold futures contract in their hands at a price of US$598 per ounce.

Seeing Billy assigning tasks skillfully, Li Yi couldn't help but raise the corners of his mouth slightly.

The explanation he gave to Billy and others just now was just one of the reasons. The reason why he directly cut the price by one dollar was for one purpose - to ship quickly!
If there is enough time, Li Yi will not do this. He will ship goods slowly and little by little, as Billy and others suggested, to ensure that all futures contracts can be shipped when prices are high. goods.

But don’t we have that time now?

If nothing unexpected happens, the international gold price will fall tomorrow, leaving him only the whole day today. All he can do is to attract investors to buy the futures contracts in their hands at a low price.

Of course, he would not tell this to Billy and the others.

Facts have proved that Li Yi's strategy is still very effective.

When the price of US$598 per ounce appeared on the market, it quickly aroused investors' mad rush.

You must know that the international gold price has been very strong during this period. In less than three months, the price has more than doubled.

Even when the market just opened today, the price of gold increased slightly by 0.1 US dollars.

Therefore, no one would think that the price of gold would fall, let alone collapse.

After seeing such a low price, investors did not hesitate and immediately bought in large quantities.

In less than two hours, one-third of Li Yi's 16.69 gold futures contracts were sold.

However, due to Li Yi's large-scale shipments, the supply of futures contracts on the market increased significantly, and the price of the contracts was greatly impacted. The price of gold dropped directly from US$599 to US$598.

Seeing that the previously listed price had lost its advantage, Li Yi once again ordered Billy and others to lower the price, and this time the price reduction was even greater, directly reducing it by US$3 per ounce.

Although Li Yi's order was so outrageous, with previous experience, Billy and others still followed his instructions without hesitation.

When the price of $595 per ounce appeared on the market, investors were excited.

As gold investors, most people have their own channels for obtaining news.

Just when low-priced gold appeared on the market, most investors began to doubt whether the price of gold was going to fall, so they called the Chicago Gold Futures Market, the second largest in the United States, to inquire about the situation. .

The answer, however, is that Chicago's gold market is as strong as ever.

Not only did the price of gold there not fall, but it increased by 0.3 US dollars per ounce, reaching an astonishing US$599.9. If we work harder, it will exceed US$600.

At the same time, some savvy investors also sent telegrams to friends in London, asking them to help them investigate the gold price there.

You must know that what London is playing with is physical gold, which can reflect the true price of gold in real time.

The answer investors got is that the gold price in London is still holding very well, with no downward trend at all.

After receiving this news, investors no longer hesitated and waved their money again, buying large amounts of futures contracts offered by Billy and others.

After all, the price difference is nearly US$5 per ounce, and one lot of 100 ounces is US$500. If done well, it is enough for most people to make a fortune.

The most important thing is that the risk is not high. Isn’t this pie in the sky?

Ever since, there has been a rush to buy gold futures contracts in the New York market.
(End of this chapter)