I Am a Nobleman in England
Chapter 395: Wealth is tossed out
"Please take your time, I'll retire first..."
Arthur looked helplessly at the back of the depressed butler Paul, who was left speechless, and sighed, then put an fried egg into his mouth.
It's not Arthur who is perfunctory, making excuses, but telling the truth. Those nobles in the upper house, which is not an old antique, the youngest is also forty or fifty years old, how can a 22-year-old'child' sit in .
Even if he sits in and lets him work with a group of old-fashioned people as a ‘child’, it’s not his life!
He doesn't want to live the life of an elderly person in advance. Think about it, the youngest member of the upper house YI, my goodness, the paparazzi and reporters in the UK have not eaten him, in case his love affairs are accidentally exposed one day , Is definitely a terrible scandal.
But now, he is just a billionaire. Even if the news is leaked, it is nothing more than lace news. Influence and lethality are completely different things, okay!
After breakfast, Arthur got up to wash, then put on a comfortable white casual outfit, came to the desk, turned on the laptop, and was ready to check today's briefing.
Before reading a briefing, the cell phone rang next to the desk. Arthur picked up the cell phone and looked at it. After finding that it was Smith Jamama, he picked it up.
"It seems to me that the newspaper this morning has just finished reading the newsletter. There is a lot of bad news. So, what do you want to tell me?"
Arthur leaned back in his chair, looked at the snowy beauty of the manor outside the window, and asked Smith Jama on the other end of the phone.
What he just saw in the briefing is exactly that as risk aversion is sweeping the world, the price of gold this morning hit the biggest single-day drop since December 1, 2008, hitting a three-month low, and detonating a large scale. Technical sell orders. The common opinion of the technical analysts of investment companies is that the short-term gold trend is worrying, and the possibility of further decline cannot be ruled out.
"Boss, although there is a lot of bad news, it has not caused you too much loss after all. The loss of gold spot and the money earned by futures have been offset.
No way, as soon as the report from the Bald Eagle came out, the European market was worried about the sovereign debt crisis in the euro zone. Investors abandoned high-risk assets and turned to the US dollar.
At present, gold has fallen below the key technical support. There is no technical support for gold. Once any suppressive factors appear, the price of gold may fall further.
The exchange rate of the euro against the dollar set a new 7-month low, which became the main reason for the plunge in the gold price. Earlier today, European Central Bank President Trichet faced an interview with reporters and predicted that many countries in the euro zone will face the threat of a surge in fiscal deficits. This ignited the market's heavy concerns about the euro zone economy. The euro against the dollar The downward momentum was unstoppable, falling by 1.24%. . . "
"Hey, this can be regarded as one time we stepped on the ground and missed the opportunity to make a profit."
Arthur said helplessly, after all, shorting the euro is what they have been doing all this time, and this time, because the US earnings report inevitably failed to meet market expectations, causing losses, he closed his position and left the market in advance. Avoidance is indeed avoiding some losses, but also missed opportunities for profit.
"Boss, the last thing you should not and least need to do is DU Bo. This time I missed it, and the next time, the financial market is always changing. No one can do it. Every time you are guaranteed to be a winner. , If you want to always win, then you can only choose a sure investment as much as possible, so as not to lose.
This time gold plummeted. From the technical chart, spot gold has fallen below the 50-day and 100-day moving averages. Most technical analysts in the market said that after falling below these important technical supports, the price of gold may continue to decline, but it should be able to hold the $1,000 mark. "
Smith Jama was unwilling to be reconciled to his boss, so he could only continue to comfort. After listening to Smith's words, Arthur also knew that he really shouldn't complain. After all, he was too greedy. After silently laughing and shaking his head, he asked on the phone: "I want to hear your opinion."
"My opinion is that the US will release the January non-agricultural employment report during the New York session on Friday, and the market's attention will also turn to this data. At least in the short term, gold is now showing a run-down posture. Unless the US employment data can reverse the dollar. The strength of gold has brought gold back to life, but I think this possibility is very small.
Moreover, because of market concerns about the debt levels of Greece, Spain and Portugal, the euro has been sold off, and the euro has depreciated all the way. European stock markets have also suffered a slump. At present, the stock markets of Spain, Portugal and Greece have become the hardest hit areas, causing the US stock market and major Asian stock indexes to fall.
The debts of the Eurozone countries are so heavy, it is bound to make Europe's economic recovery divergent. Looking ahead, I believe that until the debt problem of the euro area is resolved, the euro area will continue to be under pressure, the economy will be at risk of a second dip, and it may trigger a global exchange rate war. "Smith Jama expressed his real concerns.
"Exchange rate war..." Arthur frowned. After thinking for a while, Arthur finally decided: "In this case, in order to reduce the loss caused by currency depreciation, we can only choose to exchange possible losses. Take out 50 million and go short the euro."
"Boss, what if Germany and France and other countries raise enough funds to help countries such as Greece and Spain?" Smith Jama still thinks that he is conservative and stays on the sidelines and waits until the situation becomes clear. He really doesn't want to see The big tree finally hugged and took a risk.
"Haha, such an extreme approach, do you think that Germany and France will make that kind of sacrifice now?" Arthur asked with a dismissive smile, "Although it is said that there is a debt crisis in many countries, but how serious is it? The country in question knows that they are concealed and refuse to make it public. Germany and France will only let them find a way, at least for now, so they short the euro in the short term."
"Okay, boss..."
Hanging up the phone, Arthur pondered for a while, found the phone number of his investment and financial advisor Angela from the phone, and dialed it out.
Angela is very busy now, not only responsible for the acquisition of Greek olive oil companies and Italian wineries, but also for the screening of acquisition targets for Xing newspapers across the UK.
The call was quickly picked up. After Arthur told her the content of the phone call with Smith Jama, Angela pondered for a while and said: "Save or not? Germany, France and other major European countries should now Is already caught in a dilemma.
Compared to Greece, Spain, the EU's fourth-largest economy, is even more touching. Although Standard & Poor's rating of Spain's long-term debt has not been downgraded, it has reduced the outlook for Spain's sovereign rating from stable to negative.
The common development of the Mediterranean countries is the lack of financial discipline in the economy, no leading industry, and huge pension expenditure. In response to the international financial crisis, they implemented a large-scale fiscal stimulus plan last year. As a result, the fiscal deficit rose sharply and the country's total debt continued to increase. If Spain does not take reliable measures to control the deficit, and it is only a matter of time before the rating companies downgrade its credit rating, then the real European debt crisis will be completely detonated and spread quickly across the Mediterranean countries! "
"You mean ~www.readwn.com~ to keep an eye on Spain and use it as a weather vane?" Arthur's eyes lit up and asked.
"Yes, as long as Spain does not enact strong measures to control the deficit, it will rest assured and boldly short the euro."
"Hehe, you will contact Smith for a while and tell him your opinion, he hesitates." Arthur laughed.
"He just doesn't want you to take risks."
Arthur smiled non-committal while holding the phone: "It is a failure to be unwilling to take risks in making money."
To be honest, I used to hear that stability is a shortcut to making money, but seeking wealth and risk is the daily interpretation of real life. People who don't want to take risks actually take a lifetime risk.
Only by doing things that are uncertain in this life will the probability of success be greater. Some people just do things with confidence all the time, and life will be mediocre.
To put it bluntly, people with dead wages will never get rich. If you want to get rich, you have to toss, don't toss, and never get rich. This is reality. Wealth is tossed out, not made in dreams!
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