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

Chapter 601 Close the door and beat the dog!

Affected by the Federal Reserve's interest rate hikes, gold prices in gold stores and futures markets in New York, Chicago and other places have been greatly affected, but the most affected one is the New York gold futures market.

The biggest variable affecting the price of gold here is not Li Yi, but William and others!

In order to snipe Li Yi, they frantically purchased 65 gold futures contracts in just a few hours.

The gold futures in New York are based on 100 ounces per lot. To put it simply, if the gold futures contract held by William and the others were actually delivered, there would be more than 1800 tons of gold.

You know, under normal circumstances, the entire New York gold futures market has a daily trading volume of only more than 70 tons.

If they remain stable, the price of gold in New York may still be stable. At least until there is no other adverse news, the price will not fluctuate significantly.

But as a top financial predator, William knows very well that once the Fed raises interest rates, it will not be over in a short time.

After all, their purpose is to attract the return of U.S. dollars. One or two rounds of interest rate hikes are not particularly attractive to the global U.S. dollar, so the Fed's interest rate hikes will basically last 8 to 10 rounds to achieve the goal.

Within the cycle of the Federal Reserve raising interest rates, the price of gold is absolutely impossible to rise against the wind, and will only get lower and lower.

Therefore, no matter how much the loss is now, we can only bear it with gritted teeth and must leave the market as soon as possible.

If you want to leave the market, you must cut off your profits. Otherwise, it will be impossible to sell the 65 gold futures contracts in your hand.

As a result, when a large number of low-priced futures contracts appeared on the market, the confidence of gold speculators in New York was directly shattered.

When the market closed on November 11, the price of gold in Chicago, the first gold futures market in the United States, was US$8, which was only US$590 per ounce lower than when the market closed yesterday.

But here in New York, I was fucked for $585, which was a full $5 lower than the one in Chicago.

Good guy, the speed at which this price drops is really extraordinary.

You must know that in the gold futures market, the rise and fall of the gold price is calculated based on 0.1 US dollars. Although the prices in the gold markets in various places will be slightly different, the price difference will generally not exceed 0.5 US dollars, let alone 5 US dollars. Knife!
It can be seen how much influence William and others have on the New York gold futures market!
Fortunately, their influence is now positive for Li Yi. After all, the faster the gold price falls, the greater their profits will be.

For example, right now, when the market closed and the price of the New York gold futures market was fixed at $585, the huge team around Li Yi burst into cheers.

Compared with the selling price of 596, the current price has dropped by 11 US dollars.

For every dollar the price drops, Li Yi will earn $1700 million.In other words, today alone, Li Yi's income reached 1.87 million US dollars.

Therefore, after returning to the Green Brothers' manor, Li Yi immediately asked people to send a large amount of fine wine and food to the manor to reward the team members.

Hong Kong Island!
When Li Yi and others were happily enjoying dinner at the manor on Manhattan Island, it was already early the next morning on Hong Kong Island.

At this time, many people on Hong Kong Island can’t sit still!

Like Li Yi, Li Futiao also experienced a thrilling day yesterday.

While they were busy smashing the market, those in the British-owned group couldn't sit still. In order to avoid suffering huge losses after the gold market crashed, they all stood up and publicly challenged Li Futiao and Xingchen Company.

Li Yi found the South China Evening News as his mouthpiece, and the British-owned group mobilized several other large newspapers to advocate the strong gold price.

They even asked the Governor of Hong Kong to come forward and give a speech, saying that the international gold price was stable and there was no possibility of a price collapse.

At the same time, the Governor also called on the public to be sensible and not to be used by people with ulterior motives to disrupt the economy of Hong Kong Island.

Of course, relying on these superficial things is useless. After all, people who invest in gold are investing real money, and no one dares to make fun of their life savings.

Ever since, facing those investors who were determined to leave the market, the British-owned group could only continue to pour money in to stabilize the market!If there is no one to protect the market, the gold futures contracts in the hands of the public cannot be sold, which will inevitably trigger a chain reaction. At that time, the market is likely to collapse directly.

By then, the gold futures contracts and physical gold held by the British-funded group will depreciate significantly. This is definitely not what the British-funded group wants to see.

Because people like the British Group tried their best to protect the market, they invested HK$6 million in just half a day. Although the transaction volume of the gold market in Hong Kong Island surged yesterday, the price of gold was not greatly affected.

Not only did it not drop at all, but it actually rose slightly.

In view of this, after the market closed, those in the British-owned group once again publicly criticized Li Futiao and Xingchen Company on TV, saying that they were deceiving the public, collaborating, and had ulterior motives. They even pointed at Li Futiao's nose and called him a Hong Kong man. Raped!

Compared to the Li family, the situation at Xingchen Company is even worse.

Incited by some people with ulterior motives, many people gathered downstairs in the Yuanhua Building where Xingchen Company was located, and began to surround and abuse the employees of Xingchen Company, which had a certain impact on their normal work.

Fortunately, Huang Lixing was well prepared and asked Yan Guangming to bring a large number of security personnel to the scene to maintain order, so those people did not dare to go too far.

Although these things did not have much impact on Li Futiao, he was still a little depressed after reading the reports in newspapers and TV.

So he got up early this morning, and then asked someone to contact Li Yi in New York to inquire about the situation.

Soon, there was a reply from New York.

After reading the message Li Yi sent back to him, Li Futiao laughed happily.

Then, in accordance with Li Yi's request, he immediately contacted the South China Evening News and asked them to temporarily print a piece of news.

At the same time, he also personally called Li Jiuying.

First, he told Li Jiuying the news about the plummeting gold prices in New York, Chicago and other places. At the same time, he also conveyed Li Yi's order. He asked all the Li family's gold stores on Hong Kong Island to immediately adjust the gold prices and display the gold prices at the door of the Li family's gold stores. The reason for the downgrade.

Li Futiao understood that Li Yi did this to prevent those in the British-owned group from taking advantage of the information gap to sell a large number of gold financial products after the market opened today to reduce losses.

To put it bluntly, he wants to completely block the channel for British-owned groups to cut off their assets and leave the market, making them the last scapegoats and receivers of the collapse in gold prices.

In Li Yi's words, this is called closing the door and beating the dog!

Since both sides are now at odds with each other, there is no need to show mercy.

After thinking about this, Li Futiao also took action. He immediately mobilized all the business elites in the Chinese-owned circles of the Far East Society to spread the news of the falling international gold price.

He believes that Hong Kong Island is so big, and as long as he moves quickly enough, he should be able to spread the news to the ears of those investors before the gang of ghosts from the British Group take action.

As long as no one acts as a successor to the British-funded group, then it will not be as simple as breaking their muscles and bones this time. I don’t know how many people in the entire small circle of the British-funded group will go bankrupt.

And just when Li Futiao was busy mobilizing his connections to make the news of the plummeting international gold price public, the British Group had also received news from William and others, knowing that the Fed had raised interest rates and the international gold price had dropped slightly. .

Perhaps because he felt a little uneasy because the British group had borne the vast majority of the losses, William also warned Jazz, Smith and others in the telegram sent to Hong Kong Island, saying that the Federal Reserve's interest rate hikes would continue, and the international The plunge in gold prices is almost unstoppable and requires them to prepare in advance.

After learning this unfavorable news, Smith and others were stunned.

In panic, they immediately adjusted their strategies and decided to sell gold and related financial products on a large scale at dawn before the people of Hong Kong Island could react, trying to minimize losses.

But what they didn't know was that Li Yi and Li Futiao had blocked their last escape route.
(End of this chapter)