Rebirth of England.

Chapter 710: Bullish and Short
What Benjamin Rothschild was worried about was that if there were other forces involved in this matter, it would not just be a single leak, but a whole group of problems would be affected...

After all, the trader Pete who got into trouble has disappeared, so it is impossible to know the inside story at the first time, and it will take time to thoroughly investigate the matter.

Moreover, their family has been passed down to the present day, and it can be said that they have encountered all kinds of conspiracies. The fact that they have survived to this day is entirely the result of their cautious approach.

"Mr. President, do we need to call the police?"

Hearing his men's questions, Benjamin Rothschild hesitated for a moment and said decisively:
"Don't call the police for now, but you can use whatever means you can to find that damn bastard for me first!"

Currently, the losses of their NM Rothschild Bank are known only to a few people within the bank. Therefore, it is not surprising that Benjamin Rothschild made this decision, because this matter involves the proprietary investment department of the NM Rothschild Group. He certainly does not want the news to be leaked. Otherwise, in addition to the losses that have not yet been counted in detail, the indirect losses caused by this will be even more immeasurable.

Therefore, their most important task now is to find the trader named Pete.

According to the information they have now obtained, it took less than 12 hours from the last time Pitt was seen to the time he was discovered missing. Moreover, based on the clues obtained by the Rothschild family through their connections, there is no record of him leaving the country...

This means that either Pitt left using a fake passport, or he is still in France.

Even if the police were not called, the resources and manpower available to the Rothschild family were no weaker than those of the French police. Therefore, what Pitt was facing at this time was a capture network that was even more rigorous than the police's wanted list.

The fear is that the other party is indeed related to other forces. With this support, it is very likely that he has escaped outside France, or even reached Africa, South America and other places where their tentacles are difficult to reach.

However, Benjamin Rothschild felt a little relieved because a few hours later, they received news that they had found trader Peter near the French border, and he was about to drive across the border to Italy...

After controlling Peter, the Rothschild family immediately interrogated the trader who had caused heavy losses to the investment department of NM Rothschild Bank. In order to obtain the true situation in the shortest possible time, they also used some "little tricks"...

The information finally obtained showed that during all of Pitt's transactions, he did not accept orders from any other forces or individuals. In fact, during this period, due to the constant pressure, he did not even have contact with other people except for occasional "relaxation".

It was just because he believed after analysis that gold would rise for a while, so he bet on gold futures.

But he found that over a long period of time, the fluctuations in gold prices were very small, with fluctuations of less than 1%. Because of the previous investment failures, he was under pressure to achieve performance, so he unconsciously increased the leverage multiples in gold futures - after all, he was very sure of the upward trend of gold prices, and according to his analysis, with the current curve of gold prices, there was no room for decline at all.

It turns out that Pete's analysis was correct, at least initially.

The international gold price did experience a slight increase, and Pete received a generous return on his investment, which not only made up for his previous losses but also earned him a satisfactory bonus.

It was also because of the high leverage before that made Pete a little worried. After the gold price rose slightly and he had a satisfactory profit, he closed his position.

But what he didn't expect was that even after he closed his position, the international gold price did not stop rising, and continued to rise from less than $1000 per ounce to more than $1100 per ounce. But because he had already closed his gold futures position, he didn't dare to continue to go long at the current price.

After all, although he believes that the international gold price will generally be on an upward trend for quite some time, there will inevitably be some pullbacks during this period. He is prepared to wait until the gold price retreats and then enter the market again at a relatively low price.

After all, although there are many other investment targets, what he has studied the most in the past six months is gold futures, and he is very familiar with this investment product.

While Pete was waiting, the international gold price slowly rose again, breaking through $1180 per ounce and was about to break through $1200 per ounce.

If you don’t know what the current gold price is at this time - the price when Colo bought the gold spot held by the British Fortune (BFT) Fund at a "high price" was US$1000 per ounce. After that, the international gold price was affected by the subprime mortgage crisis and once fell to US$700 per ounce!
Therefore, facing the fact that the international gold price was about to break through $1200 per ounce, Pete began to get restless. He was sure that the international gold price would go up for a long period of time, perhaps two or three years, or maybe three to five years.

But this process is destined not to be a smooth upward curve. There will inevitably be some pullbacks, and then the data will be revised, the price will be continuously consolidated, and finally there will be breakthroughs again and again.

Therefore, the integer price of $1200 per ounce at this time is not so easy to break through. In other words, the probability of maintaining this price after a breakthrough is very small. In this process, there will definitely be a fierce confrontation between the bulls and bears before the trend can be determined in the end.

And before the price finally reaches $1200 per ounce, there will inevitably be a decline to ultimately stabilize the price.

Just like that, after hesitating for a night, Pete finally decided to short gold futures near the integer price of international gold of US$1200 per ounce!
Because after repeated thinking, his analysis concluded that if he went long on gold futures, it would be difficult to determine the specific price of the current integer retracement. So he needed to wait for the retracement price to stabilize before he could continue to go long.

But this time may be one or two weeks, or one or two months, or even half a year...

Then during this period of time, he will hardly have any performance.

And because the entire LCR Rothschild Group, including NM Rothschild Bank, has recently carried out some mergers and acquisitions, and affected by the overall environment, personnel adjustments will be made...

At this time, Pete naturally didn't want to be within the sight of being "adjusted".

In contrast, although he believes that the big cycle is a period of rising gold prices, now that the international gold price is about to break through $1200 per ounce, the battle between bulls and bears before the price breakthrough, or even a short-term decline and adjustment, is inevitable.

You know, even at the beginning of the subprime mortgage crisis, when the international gold price was rising, it had not yet broken through $1200 per ounce!

Since a short-term decline in gold prices is a high probability event, he decided to short near this price.

Of course, in order to make up his mind, he also drank some wine that night...

(End of this chapter)