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

Chapter 637 Li Yi closed the net!
North America has entered the depths of winter in December, but compared to Beijing where people are already wearing big cotton-padded jackets, the temperature here is still much warmer.

Therefore, you can see many people wearing windbreakers and leather jackets on the streets of Wall Street.

But everyone was in a hurry, with solemn expressions on their faces.

The Federal Reserve's three consecutive rounds of interest rate hikes have been an extraordinary disaster for Wall Street, making the already sluggish economy even worse.

The financial industry itself is very sensitive to the economy and market. Once such a situation occurs, practitioners will be the first to feel the pressure.

At the gate of the gold futures market, Li Yi, his team members, Reggie Green and others were climbing up the steps, preparing to enter the world's largest gold futures market.

Although he has been here countless times, this time is undoubtedly the most memorable, because today he has laid out the short-selling strategy for two and a half months and is about to usher in the final battle.

Just an hour ago, Li Yi, who was chatting with Reggie Green about the future of the company, suddenly received an urgent call from Billy, saying that the gold price in the futures market had plummeted again and might reach his level. Expect the price and ask him to come quickly.

After receiving Billy's call, Li Yi did not dare to neglect and immediately explained the situation to Reggie Green, preparing to go to the futures market to take charge of the overall situation.

After Reggie Green learned about the situation, he also expressed that he wanted to come over and see the excitement, so this scene happened!
When Li Yi and others came to the VIP room, Billy immediately came over with his team members.

"Boss, you are finally here. If you don't come again, we don't know what we will do!" Billy said excitedly.

"Billy, what are the current international gold prices and gold futures contract prices?" Li Yi asked straight to the point.

"The international gold price has dropped to US$275 per ounce, and the gold futures contract is floating between 27300 and 27400 per lot!" Billy answered skillfully.

Hearing this, everyone who came with him suddenly had different expressions.

Zhou Xinghua, Li Yunbao and others were full of shock, because they remembered that Li Yi had clearly said that the international gold price would fall below US$300 per ounce, but they did not expect that it would actually fall to this price.

This inference is so inaccurate that it can be called a divine prophecy!

Reggie Green, who was on the side, had a look of remorse on his face. He remembered what Li Yi had told him before that his psychological closing price was between 270 and 300 US dollars per ounce.

What he was thinking at the time was that the international gold price would never fall to US$270 per ounce, so he closed the network early.

But just one day later, the price of gold actually dropped to around US$275, which was more than US$306 cheaper than his closing price of US$30.

Based on their holdings of 45.6 lots, for every US$4560 drop in the international gold price, they can earn an additional US$[-] million.

Now that the price of gold has plummeted by more than 30 US dollars, it means that they have lost 13.68 billion US dollars in one fell swoop.

Reggie Green felt regret in his heart. For a pure businessman like him, making less money meant losing money.

Now we have made more than one billion US dollars less, which is equivalent to a loss of more than one billion US dollars. The joy at yesterday's settlement was instantly gone.

He thought of Li Yi's persuasion and his own willfulness, and a sense of regret arose spontaneously.
Li Yi didn't care about everyone's reaction. He thought for a moment and then said: "Billy, from now on, slowly buy back the futures contracts in the market!"

"Remember, the speed cannot be too fast. Once the price tends to rise, stop the acquisition immediately and wait until the price drops before making the acquisition!"

"Yes!"

Then, Billy started to arrange it according to Li Yi's order.

After Billy and others left the VIP room, Reggie Green said with a grimace: "Li, you are really right. The international gold price has really fallen to a low price of more than 270 US dollars per ounce. You I really made a lot of money this time!”

Li Yi smiled and asked, "Do you regret it?"

"Uh, a little bit!" Reggie Green said with a little embarrassment.

"Green, in fact, you don't need to regret it. You need to be bold and cautious when investing, but you should avoid being greedy."

Then Li Yi continued: "Persevering one step may be heaven or hell. If you are not completely sure, it is best not to take risks!"

"Li, how are you so sure that the international gold price will definitely fall?" Reggie Green asked curiously.

"Haha, because I am Li Yi!" Reggie Green was immediately confused when he heard Li Yi's full words.

He has seen people who pretend to be cool, but this is the first time he has seen someone who can act so cool.

However, when he wanted to ask further, Li Yi said something that confused him: "There is no root and joy in the sky, and the man who has not understood the trap of the true scriptures".

Afterwards, Li Yi stopped talking about this issue.

Are you pretending? You know you know 20%, but you have to boast 100%!

The bad thing is that you clearly understand 100%, but you just say 20%!

Obviously, Li Yi knows how to force it!

While they were talking, the trading floor outside was a different scene.

As Billy and others began to purchase futures contracts on the market, some investors sensed business opportunities and raised their listing prices one after another.

When Billy and others purchased more than 1 futures contracts, someone had already marked the price of each contract to US$27800.

For these people, Billy simply chose to ignore them. He would accept all contracts below $27500. Once the price exceeded the red line, he would not touch them.

But that's the way the futures market is, once someone raises the price, others will immediately follow.

Anyway, this kind of thing is to strike first if there are dates or not. If it is sold at a high price, wouldn’t it be a profit?
Even if you can't sell it, you won't lose much. What's the big deal? Will you lower the price again?
Therefore, when this tug of war continued until the market closed in the morning, there were no futures contracts below $27500 on the market. On the contrary, there were many futures contracts at prices of 28000 and higher.

At this time, the total number of futures contracts purchased by Billy and others was less than 2.5 lots, which was still far from the 16.9 lots required for delivery.

In fact, it is understandable for investors to raise the price of futures contracts. After all, they are not stupid.

Judging from the market performance just now, it is obvious that a large institution or a large customer has come to buy the bottom, and it is only reasonable for them to raise the price.

As long as the price tag is not too high, I guess the other party won't mind.

However, what they didn't know was that what they encountered was a cheating existence.

Li Yi knows that from now on until several years later, the international gold price will not rise.

In other words, the price of $270 per ounce will be the norm for a long time.

That being the case, why would he pay a high price to acquire it?
You know, what he currently lacks is more than 16.9 futures contracts. Every time the purchase price increases by one dollar, the extra cost is $1700 million.

And his capital usage fee is only 130 million US dollars a day. Which one is more and which one is less is clear at a glance.

Therefore, now he will not spend even a penny of the high price!

Therefore, after receiving Billy's report, Li Yi simply ordered the termination of today's acquisition and will talk about it tomorrow.

As a result, they withdrew before the New York gold futures market closed.

Without big customers like Li Yi, the trading volume of the gold futures contract plummeted instantly in the afternoon.

After all, the price of gold has plummeted all the way, from more than 600 US dollars per ounce to more than 270 US dollars now, which has been more than halved. No one knows whether it will continue to fall in the future.

This is just like the property market in Hong Kong Island. The more it falls, the less people buy it.

If it is not an urgent need, no one will touch it, because no one wants to be the person who takes over the high position.

After nearly two hours of stalemate, seeing that no one took action again, some people with weak psychological endurance began to lower the price again.

But there are still many people watching, but only a few dare to take action!

As a last resort, these people could only continue to lower the price. When the market closed in the afternoon, the price once again fell below US$27500 per lot.
(End of this chapter)