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

Chapter 629 A Trustworthy Partner

New York. Gold futures market!

As the closing bell rang, Reggie Green and the entire company team breathed a sigh of relief.

Just now, they successfully sold all 11000 futures contracts in their hands. Now let's see how far the contract price in the market has dropped at this time.

Soon, George, who was in charge of the front command, strode in and reported to Reggie Greenhui: "Boss, the price of futures contracts on the market has dropped to US$44860 per lot."

After hearing George's words, the VIP room, which had a somewhat solemn atmosphere, instantly burst into cheers.

You must know that the futures contracts they just sold to the market were purchased at a price of US$46000 per lot, but the average price they sold was less than US$45000.

If the price of today's gold futures contract cannot be lowered below $45000, then they will make a profit at a loss.

Although the price of US$44860 per lot can only barely protect capital, at least there is no loss, which finally puts everyone's minds at ease.

More importantly, the purpose of testing the water today has been achieved, and the effect is still very good.

Through the 11000 futures contracts that were smashed, it can be clearly seen that investors currently have limited confidence in gold futures contracts, which is good news for them to short gold.

Amid the cheers of the employees, Reggie Green took a deep breath, and then said to Li Yi: "Li, your judgment is correct. The market is still not optimistic about gold futures!"

Li Yi smiled and said: "I have confidence in my judgment, not to mention Mr. Green, you have invested all your wealth and the company's hopes. How can I let you down!"

"Li, you are an excellent investor and a trustworthy partner!" Reggie Green said happily.

"Thank you Mr. Green for the compliment!"

"Li, in order to welcome you to officially join Green Brothers Company, I have asked someone to prepare a cocktail reception at the Hilton Hotel. You must attend!" Reggie Green said.

"Okay, I will attend on time!"

Although Li Yi didn't like to attend such a cocktail party, he also knew that he couldn't shirk this cocktail party.

After all, this cocktail party was specially prepared for him by Reggie Green. If he didn't go, it would be disrespectful to the other party.

Seeing that Li Yi agreed, Reggie Green immediately informed him of the time and place of the reception in detail, and then the group left the VIP room of the futures trading market.

Although Li Yi and others have left, the impact of the Green Brothers' entry into shorting gold is slowly fermenting.

Such a big news from Greene Brothers could not be hidden from institutions and investment companies who were sensitive to information.

In addition, the backbone of the company spent the entire afternoon signing contracts with those brokers, and it was impossible to hide the news.

Soon, the news that Green Brothers was shorting gold spread like wildfire and quickly spread throughout the New York investment community.

After learning the news, Wall Street investors were stunned by Reggie Green's operations.

You know, Green Brothers had just completed the equity transfer in the morning and ushered in a new major shareholder.

It stands to reason that the addition of new shareholders will inevitably trigger a series of chain reactions, and Green Brothers should be busy with internal problems in the coming days.

But no one expected that they would make such a big noise in the afternoon, which was simply unbelievable.

For a time, investors on Wall Street were talking a lot about Greene Brothers' investment. Most people were not very optimistic about them and felt that Greene Brothers would most likely lose money this time.

The reason is simple. In their view, the Green Brothers entered the market too late.

If they had entered the market when gold was trading at $600 an ounce, they would have made a lot of money.But now the international gold price has fallen below 500 US dollars. Not only is the risk of entering the market at this time, even if the international gold price will continue to fall, but it has already reached this price, where can it fall?
In the eyes of most people, $400 is already the limit and cannot go any lower.

After all, this is only the second round of interest rate hikes by the Federal Reserve, which is not that powerful.

If the international gold price can fall below US$400 now, when the Federal Reserve raises interest rates for the third or even nth time, will the gold price not collapse back to the level of ten years ago?
Neither Reggie Green nor Li Yi responded directly to outside discussions and speculation.

Anyway, in the financial market, it doesn’t matter what you say. What everyone ultimately looks at is their own investment performance.

The next day. Early morning!

Li Yi got up early. After a simple wash, he walked slowly to the living room.

When I came downstairs, I saw Lan Xinyi, Cai Bingyan, Zhou Xinghua and others arriving, but I didn't see Li Yunbao.

At the moment, Li Yi asked Zhou Xinghua: "Where is Yunbao, why didn't you see him?"

Zhou Xinghua grinned and said, "I drank too much last night and I haven't gotten up yet!"

"If he drinks too much, let him sleep a little longer. Let's go to the exchange first, and then we can go there by ourselves when Rainbow Dash wakes up!" Li Yi said.

While speaking, a trace of gratitude flashed across Li Yi's face.

The reason why Li Yunbao drank like a bear was to stop him from drinking.

The reception last night was held to welcome Li Yi to join Green Brothers, so he was the absolute protagonist.

In order to welcome him, the employees of Green Brothers Company came to toast him one after another, very enthusiastically.

But Li Yi knew that the more than 11000 futures contracts this afternoon were just their test.

?As expected, tomorrow will be a tough battle!
So he decided on the way to the reception that he would not drink alcohol today, so as not to delay things.

But in the face of enthusiastic employees, he, a new shareholder, could not act too unkindly, so Li Yunbao took the initiative and turned into a wine-stopping expert.

After a cocktail party, Li Yi didn't drink a drop of wine, but Li Yunbao had already finished drinking.

Afterwards, several people had breakfast at the manor and drove to the futures market!

By the time Li Yi and others arrived at the futures market, Reggie Green, George and others had already arrived.

Before the transaction started, Reggie Green briefly talked to Li Yi about the company's preparations.

After their efforts yesterday afternoon and evening, they have now borrowed 8 gold futures contracts, and there are still more than 35 lots still being borrowed.

As expected, all 44 futures contracts will be available within three days.

After listening to what Reggie Green said, Li Yi couldn't help but be shocked by the efficiency of the New York gold futures market.

These 44 futures contracts were worth US$200 billion. It only took Green Brothers three days to complete the lending. The speed was simply unbelievable.

But when you think about it, this is New York, the world's financial center, a place where capital creates miracles.

The New York gold futures market is the largest gold futures market in the world. It is not impossible to complete the lending of 3 gold futures contracts within three days.

Now that Reggie Green has completed the lending of futures contracts, how to sell these contracts next is the key.

Thinking of this, Li Yi discussed with Reggie Green and others!
(End of this chapter)