Rebirth of England.

Chapter 891 McKenna III

"In addition to lower oil and gas prices, we also predict that gold will end its upward cycle that has lasted for more than ten years and start to fall. Therefore, we have also invested funds and started to short gold futures..."

It can be clearly seen that compared to when she first joined DS Capital, after these years of various financial investments, Daisy has truly grown into a "financial strong woman."

Now, with regard to DS Group's financial investment-related affairs, most of the decisions are made by Daisy, except that Barron occasionally provides opinions on some major investment judgments and plans.

"I agree with your judgment. Since the price of gold broke through $9 per ounce in September last year, it has been considered to be in an adjustment period until the beginning of the year. However, it can be seen that the rise in the price of gold in the past two years is due to the outbreak of the subprime mortgage crisis and the subsequent sluggish global economic recovery. Investors value the safe-haven property of gold, so a large amount of funds will flow into it..."

At this time, Barron was in his office at the Lanai estate, having a video call with Daisy.

After he finished speaking, Daisy continued:

"In addition, the quantitative easing policies of countries around the world have led to an increase in money supply, and a considerable part of the funds have also flowed into gold investment. Various investment companies are establishing gold trust ETFs, which have pushed up the price of gold."

"But this enthusiasm will always fade, especially as the external environment changes..."

"Yes, according to the data released by the U.S. Department of Labor last Thursday, the number of initial unemployment claims last week dropped significantly, and the number of continuing unemployment claims hit the lowest level since the week of July 2008, 7. The data showed that the number of initial unemployment claims in the United States fell to 12 in the week of February 2, which was expected to be 9. At the same time, the number of initial unemployment claims in the previous week was revised to 34.1, and the initial value was 36.0. This shows that there are obvious signs of economic recovery in the United States. As the economy recovers, the safe-haven attribute of gold will no longer be valued. In addition, the price of gold is already high enough, and the sentiment of profit-taking and exiting the market has begun to emerge..."

Of course, it is also because of the prominence of economic recovery. When the US economic figures are better, people will expect that the loose monetary policy will be weakened, and therefore believe that it is unfavorable for gold prices, and sell gold in advance, or even short gold in the futures market.

However, most institutions need more data to support such judgments.

But Barron already knows that the economy of the United States and even the world will recover and improve starting this year, so he can make arrangements early.

After all, in financial investment, those who are ahead always make greater profits and take less risks, while those who follow behind may be buried at any time.

However, as of now, DS Group and Standard Chartered Merrill Lynch have grown from being the initial entrants to becoming one of the major players in the financial market.

Therefore, as the scale of funds they can mobilize reaches tens of billions, their operating methods will be very different from before.

So far, Daisy has done a good job in this regard.

……

"Hello, Mr. Smith..."

"Excuse me, who are you?"

When John Smith was attending this business party and happily chatting with the sexy socialite next to him, a blond middle-aged man in a suit and tie walked up to him.

"Avery Garcia, beautiful lady, would you mind if I spoke to Mr. Smith alone for a moment?"

The man who called himself Avery Garcia looked at the seductive woman beside John and asked politely.

However, although his attitude was polite, the woman could feel the vague sense of uneasiness he brought to her, especially when his eyes were looking at her, which was as if real and brought pressure to her.

"Of course, you guys chat, I'll go say hello to my friends..." "We don't seem to know each other..."

Seeing Avery Garcia's behavior, John Smith frowned and said.

"Yes, but I'm afraid you should know about Mr. McKenna, who wants to see you."

"McKenna? Which McKenna?"

"Mr. McKenna of the Pilot Group."

"F. William McKenna III? Is he here too?"

"Mr. McKenna is in the upstairs box..."

Avery Garcia glanced at the dial of his watch and said:
"I don't think you want him to wait too long."

As the chairman of Sinclair Corporation, John Smith naturally knew F. William McKenna III, the chairman and CEO of Vanguard Group.

Since John Bogle retired, John Brennan took over as the new helmsman of Vanguard Group in 1996.

Then in 2008, F. William McNabb III took over and became the CEO of Vanguard Group. He currently serves as the chairman and CEO of Vanguard Group and is its head.

It's just that John Smith had never had any interaction with Mr. McKenna before - although Vanguard Group is also one of the shareholders of Sinclair Group, since he became the chairman of the group, Vanguard Group's director representative in Sinclair Group has been relatively low-key. Even when John Smith was investigated by the Maryland prosecutor's office, the other party only expressed the hope to maintain the stability of the company.

Of course, since F. William McKenna III happened to be at this business gathering, it is not impossible that he happened to know that I was here and met me for a chat.

With these thoughts in mind, John Smith followed Avery Garcia through the crowd in the hall and up the stairs to the second floor.

Compared to the bustling hall below, the second floor was much quieter. Along the way, John Smith only saw two or three people here and there. As they moved forward, the noise coming from the hall behind them gradually became smaller.

Walking to the door of a room, Avery Garcia knocked on the door twice, waited for a minute, and then gently opened the door.

"Sir, Mr. Smith is coming."

When Avery moved aside to leave a passage for John Smith, John saw that in the luxuriously decorated box, there was only a white man, about fifty years old, with slightly graying hair and wrinkles on his face that seemed like sculptures, sitting inside.

Although they had never met each other, the man's appearance often appeared in financial media reports, so John naturally recognized him as Mr. McKenna, Chairman and CEO of Vanguard Group.

"Please take a seat, Mr. Smith."

After John Smith walked into the box, Avery Garcia left the room and closed the door gently.

F. William McKenna III looked at John Smith gently, opened the cigar box on the table, and said to him:
"Want a cigar? This is something good from Cuba."

(End of this chapter)