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

Chapter 634: Grimm Brothers Withdrew!

The impact of the Fed's interest rate hike is huge, especially the impact on the gold futures market, which is even more disastrous!

By the time the market closed on the 23rd, the price of the futures contract in the New York gold futures market had plummeted to US$32000 per lot, equivalent to US$320 per ounce.

This is more than $50 lower than when the market first opened in the morning.

The downward trend in prices did not exceed Li Yi's expectations, but what surprised Li Yi was that Reggie Green, who had long thought about closing the net and retreating, actually held back in the face of such a low price.

Originally, in Li Yi's view, as long as the price of gold fell to US$320 per ounce, Reggie Green would most likely withdraw based on his character.

However, although the guy was eager to try, he finally held back, which really surprised him.

At this point, Reggie Green's performance has satisfied Zhou Yang.

He can rest assured by handing over the management of the company to him.

If he had paid more attention, maybe Greene Brothers would not have gone bankrupt in its previous life.

But Li Yi knows that it is too early to say this now.

The top priority right now is to successfully complete this investment first, so that the profits of billions of dollars can be pocketed safely!
The next day, the impact of the Fed's interest rate hike continued!

In the New York gold futures market, prices fell all the way as soon as the market opened this morning.

Although the decline was much slower than yesterday, it still dropped to 302 US dollars by [-] o'clock in the afternoon.

Just when Li Yi was waiting for the price to officially fall below the $300 mark, Reggie Green approached Li Yi and proposed the idea of ​​closing the net.

Li Yi didn't say much about this, but let him think about it himself!

Although closing the network now may cost a lot of money, Li Yi did not stop Reggie Green, because Li Yi knew very well that the future Green Brothers Company would rely on Reggie Green, not him.

Can he stop him this time, but what about next time?

He can't stay in New York all the time, so Reggie Green makes the decision most of the time. Taking a loss now is not necessarily a bad thing.

What's more, in Li Yi's view, it is very rare for Reggie Green to achieve this level. After all, not everyone knows the general trend and the results like him.

Seeing that Li Yi did not stop him, Reggie Green immediately ordered his team to quietly purchase futures contracts on the market.

As Greene Brothers increased its purchase of futures contracts, the market finally came to its senses. When they purchased 30200 contracts at a price of $15, the futures prices were still falling. The price of the contract finally stopped falling!
Immediately afterwards, the price slowly began to rise.

By the time the market closed in the afternoon, the price of futures contracts in the New York market had returned to US$30800 per lot.

At this time, Green Brothers had purchased 21 futures contracts, which was still more than half the distance from the 45.6 contracts returned to the agency.

On the morning of December 12, Greene Brothers suspended the acquisition of index futures contracts!

Because Reggie Green received news yesterday afternoon that the price in Chicago had fallen below the $300 per ounce mark.

The reason why prices in New York rebounded against the trend is entirely because of their company.

Therefore, now he immediately ordered the team to suspend the acquisition plan to see how the market reacts.

Sure enough, without the spoiler Green Brothers, the futures contract in the New York gold futures market fell slowly again.

But there are still some people who are waiting and watching, so the price does not fall quickly.

However, one morning passed, and still no one bought these futures contracts in large amounts. When the market opened in the afternoon, the price of gold futures contracts plummeted again.At almost three o'clock, the price of a 100-ounce gold futures contract had dropped to $30000.

Upon seeing this, Reggie Green immediately ordered his team to attack again and immediately acquire these futures contracts on a large scale.

In less than an hour, Green Brothers once again swept 20 futures contracts from the market.

At this time, there were only more than 45.6 contracts left from the 4 contracts they needed for delivery.

However, due to their actions, the price of the futures contract in the New York gold futures market once again returned to US$30500 per lot.

At this time, in Chicago, more than 1000 kilometers away, the price of futures contracts in the gold futures market there had plummeted to US$28600 per lot.

If it weren't for the fact that the futures contracts in the Chicago gold futures market cannot be delivered in New York, Reggie Green would have thought of buying the futures contracts in Chicago.

But fortunately, there are only tens of thousands of contracts left. Regardless of the price, there are not many left!

As a result, as soon as the market opened on December 12, Reggie Green issued an order to continue to purchase gold futures contracts, make up for the remaining 26 lots, and then deliver.

With the strong intervention of Green Brothers, the New York gold futures market rose slightly early in the morning, with its price soaring to US$30900 per lot.

However, after Greene Brothers acquired all the futures contracts required for delivery, there were no more major customers in the market to acquire futures contracts, and prices began to fall slowly again.

By the time the market closed in the afternoon, the price had dropped back to US$30400 per lot!
Today, the price of gold in Chicago continues to fall, and the price of a 100-ounce gold futures contract has dropped to $28000.

Wall Street. Greene Brothers Headquarters!

In the large conference room, all the company's executives gathered together again.

Although it was already time to get off work, no one complained that the company was occupying their personal space, and everyone's faces were filled with excitement.

"Tap."

There was a sound of leather shoes hitting the ground, and then I saw the door of the conference room being pushed open.

I saw company president Reggie Green, vice president Li Yi, and China Unicom Finance Minister Jimmy Marshall walking in together.

Seeing this, Zhongzhao, who was still whispering to each other just now, wisely closed his mouth!

Reggie Green, Li Yi and others came to the conference table and sat down each.

Then Reggie Green said: "Ladies and gentlemen, we have successfully completed the delivery this afternoon. This time we shorted gold, we invested a total of US$20.84 billion and used 10 times leverage to borrow 45.6 gold futures contracts. contract and sold it at a price of US$44800 per lot.”

"Today, we purchased the same number of gold futures contracts at a price of 30600 per lot and successfully delivered them. After deducting the exchange's handling fees, transaction fees and the institution's capital usage fees, we received a total of Profits of US$61.68 billion”

"clap clap"

Before he finished speaking, the entire conference room burst into warm applause!

After the applause subsided, Reggie Green said again: "Ladies and gentlemen, the reason why this investment has been so successful, I want to thank one person, and that is our Vice President, Mr. Li Yi. Without him, If you support us, we may miss this rare opportunity. Please give your warmest applause to our dear Li!"

"clap clap"

The conference room burst into warm applause again!

After speaking these words, Reggie Green discussed with everyone the matter of profit distribution and employee rewards.

For a time, the atmosphere in the conference room quickly became high.
(End of this chapter)