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

Since learning that the party forcing the position was Li Yi, both the Sheffield company and the Sassoon family behind it knew that the negotiations were hopeless, and immediately began to prepare for spot delivery.

The Sassoon family is indeed very powerful in Europe. After using a large number of contacts, the 5 million tons of steel required for delivery was finally ready before May 29.

However, just the day after the two parties completed the first spot delivery, good news came from the front line.

After the British navy cleared the Albanian naval vessels around the Falkland Islands and blocked the waters of the Falkland Islands, it landed on the beach in St. Carlos waters on the north coast of East Falkland Island on the evening of the 21st.

After successfully landing, four thousand soldiers from the [-]rd Marine Brigade and the [-]nd and [-]rd Battalions of the Airborne Corps, led by Brigadier General Thomson, launched an attack on Darwin and Goose Green.

After several days of fierce fighting, the frontline troops finally occupied these two strategic locations. In this battle, a total of 55 Argentine soldiers were killed and 1050 captured, marking a great victory in the land battle.

After taking Goose Green, the troops could finally begin to move towards the bridgehead of San Carlos, which meant that the war had entered the final critical moment.

When the news came, the entire British Isles became lively in an instant.

The crowd who had been protesting and demonstrating every day before seemed to have forgotten what happened a few days ago, and the demonstrations directly turned into a victory parade!
The whole British Isles are in a state of carnival!
On the contrary, the atmosphere in the stock and futures markets is somewhat not good.

On the day the news came, almost all metal prices on the entire exchange stopped growing and then began to fall.

Copper, the biggest faller, fell by 75 pounds per ton in one day.

Steel is better. Yesterday's closing price was still 322 pounds per ton. Today's closing price fell directly to 308, a drop of 14 pounds per ton.

And this seems to be just the beginning. In the next two days, there will be constant good news on the front line, and the troops are advancing faster than the people imagined.

Even the female Prime Minister at No. 10 Downing Street publicly stated that according to the advancement speed of the frontline troops, the heroic imperial army will be able to completely conquer the Falklands by mid-June at the latest.

By the end of June, the war may be over!

This news spread throughout the British Isles in a short period of time after being reported by the media, which seemed to pour cold water on all investors who had previously speculated on metals.

The London stock market and futures market, which had been soaring for two and a half months, directly entered the "thin" mode. The prices of various metals continued to fall, and the entire market was panicked.

Seeing this scene, the Sheffield Company and the Sassoon family, who were almost forced into a desperate situation, finally breathed a sigh of relief.

The price of steel plummeted, and the pressure on them was instantly reduced a lot. On the contrary, it was the turn of Li Yi and others as bulls to worry.

For this reason, Dolson even personally called Li Yi and laughed at him for missing the best opportunity to ship.

At the same time, they also said that if Li Yi is willing, they can now redeem the remaining short contracts in his hands at [-]% of the market price.

Li Yi's reply to Dolson was only one word - get out!

After replying to Dolson, Li Yi once again started his extreme operation.
Wednesday, October 6rd!
Just when Dolson and the Sassoon family thought the crisis was about to pass, suddenly the top ten newspapers in London reported a piece of news at the same time, once again pushing Sheffield Steel to the forefront.

This report was an investigative report on the Sheffield Steel Company by a very famous reporter in London.

According to this report, workers at Sheffield Steel's steel production base have been fighting the company for pay increases since March this year. The entire base has been paralyzed for nearly three months without producing a single pound of steel. .

On the contrary, Sheffield Steel's revenue has been increasing day by day, reaching a terrifying £29 billion at the end of March.Subsequently, the investigative reporter gave the answer: Sheffield's revenue was all obtained from a large number of short selling orders in the futures market.

At the same time, according to this investigative report, Sheffield has closed many blast furnaces in the past three years, and its production capacity is only about half of its peak.

If they sell the empty orders based on their current production capacity, even if the entire company is in full production for three years, it may not be completed.

Therefore, the reporter reminded investors at the end of the report that Sheffield Steel Company has a huge risk of default, and they must be cautious when investing in their company!
This news swept the entire London in a very short period of time, and everyone was speculating whether the report was true or false.

Although Sheffield Company immediately stood up to refute the rumors, a large amount of evidence was soon exposed, and the issues that Sheffield Company wanted to cover up were being uncovered bit by bit.

This is not over yet. On June 6, the media broke another unexpected news. According to sources within the futures market, in the past few years, Sheffield Steel Company has been aggressively cutting leeks in the futures market by manipulating steel prices.

This source was very thorough in his exposure. He made it very clear how and when Sheffield Steel manipulated steel prices. It was a complete plan to kill Sheffield Steel.

As soon as the news was exposed, the entire British Isles was in an uproar. Isn't this treating investors like fools?

They want the price of steel to rise if they want it to rise, and if they want the price of steel to fall they will fall. They are acting as athletes and referees at the same time. Who can outplay them?

Think about a steel company that is reducing production every year, but its profits are increasing every year. Where does the money come from?

Aren’t they all cut off from investors like fools like them? Thinking of this, those investors, institutions and consortiums who have lost money in the steel futures market are angry!

Soon, the Sheffield company aroused public outrage, and even the exchange was pushed to the forefront!
After all, without the cooperation of the exchange, how could a steel company alone be able to do this seamlessly?

At this time, many people have realized that the largest steel production company in the entire empire is likely to have problems.

The consortia and institutions holding steel futures contracts tacitly stopped cashing out, and then a large number of requests to purchase steel futures contracts appeared in the market again.

The futures market is different from the stock market. If a company suffers a thunderstorm in the stock market, investors would rather cut off the stock than run away.

But the futures market is different. You must know that neither longs nor shorts are traded directly. Their trading partners are not each other, but the exchange.

Therefore, no matter which end of the contract defaults, the first thing to look for is not each other, but the exchange.

Therefore, even if there is a thunderstorm in Sheffield Steel, the short sellers will not lose all their money.

On the contrary, if Sheffield Company is successfully squeezed, the exchange will purchase the corresponding amount of steel from the market and deliver it to the long positions.

If there are not so many spot products that meet the requirements, the long position can only be compensated at the market price.

As for how the exchange holds the short sellers responsible for the breach afterwards, it has nothing to do with the long sellers.

What the bulls have to do now is to raise the price of steel as soon as possible so that they can be in a favorable position when the short squeeze succeeds.

Subsequently, with the joint efforts of bulls, the steel price in the London futures market, which had originally dropped to 278 pounds per ton, was directly raised to 338 pounds in less than two days, an increase of 60 pounds per ton. GBP.

At this moment, the second batch of futures contracts in Li Yi's hands expired.
(End of this chapter)