The Son of Finance of the Great Age

  Chapter 197 The second positive line (2)

"Long Jie-sang, no matter what, at least you didn't convince me." Oshima Kenjiro stood up and retorted in a timely manner, but he changed the subject and continued unexpectedly: "But for the strategy of going long tomorrow, at least we Still consistent."

   "Oh? I would like to hear more about it!" Ryusuke Yasuo asked seemingly humbly, but in his heart he greeted the immediate female relatives of this old opponent seven or eight times. In his heart, Oshima Kenjiro is a villain who plays power, often takes advantage of his position slightly higher than him and pretends to give orders, but is actually an illiterate idiot.

   "Chile!" Kenjiro Oshima just said one word, which shocked everyone present.

  Yes, when they consider large-scale spot copper delivery, they only consider the impact on tomorrow's market, subconsciously forgetting the Chilean copper incident some time ago.

If according to Ryusuke Yasuo's previous deduction, today's incident is the work of a powerful hedge fund, then they are likely to plant another back move, and they will not leave the market easily before this back move is detonated . As for what this last move is, the last and biggest question left in the market is the Chilean state-owned copper strike some time ago.

   Yasuo Ryusuke was also taken aback suddenly, and only then remembered the underlying reason for the sudden rise in copper prices some time ago. For the first time, he faced up to this opponent whom he had long regarded as an idiot, and found that Kenjiro Oshima was not as incompetent as he had imagined.

  The most powerful right-hand man chose to continue to do more, Hamanaka Yasuan thought about it again, and finally decided to obey the public opinion, and tomorrow's operation will continue to focus on promotion.

  …

In Tianyu Fund's office, An Pete pushed open the door of the office panting, and shouted loudly to Zhong Shi and Andrew, who looked stunned: "LME's warehouse is short of 100,000 tons of spot copper, and it will be delivered today." Afterwards, he was surprised to find that neither Zhong Shi nor Andrew's expressions changed at all. They even just glanced at him before continuing to talk, as if they hadn't heard what he said at all.

   "Gentlemen, didn't you hear what I just said?" Ampite was a little anxious, and repeated what he had just said louder.

The noise he made just now was too loud, which attracted the attention of several other traders. In addition to his loud yelling, everyone in the trading room rushed over. They were all shocked when they heard what An Pete said. I had to open my mouth wide, and didn't know what to say for a while.

It was still Lu Xisheng who reacted quickly. After a brief shock, he broke his fingers and began to analyze one by one: "This is really a huge piece of good news. First, option bulls will not rush to leave the market tomorrow or in the next few trading days , which protects the current copper futures price. Second, as soon as the news comes out, the short sellers must be afraid of the delivery ability of the bulls in the short term, which makes them have reservations about suppressing prices."

After analyzing this, he couldn't help but sigh with emotion: "This is simply the limit of trading. To be able to do such a thing at this time, in addition to having enough funds, you also need to consider the execution of the options, and..." Speaking of this, he seemed to have remembered something, and couldn't help but stare at Zhong Shi and Andrew in front of him with wide eyes, his body trembling with excitement.

   "What else? You said it?" The other people who were listening with gusto quit immediately, and urged Lu Xisheng to finish speaking quickly. But when they saw Lu Xisheng's appearance and followed his gaze, they found that Zhong Shi and Andrew were smiling and looking at them very calmly.

  Lu Xisheng swallowed his saliva hard, and after trying to calm down his excitement, he asked cautiously: "This...this...couldn't be what our foundation did?"

"Bingo (yes)!" Zhong Shi proudly snapped his fingers towards the sky, then blinked at the stunned traders, and said in a calm tone as much as possible, "Do you still remember the spot copper purchased in the first half of the year? These are the ones that were delivered today. Your fund has made a lot of money, and this delivery alone has made a profit of 40 million US dollars."

  Andrew, who was next to him, heard this, and immediately said with a bitter face: "Zhong Sheng, stop joking. This money is not being thrown around by your left and right hands."

  Zhong Shi curled his lips, pretending to be unhappy, and deliberately complained: "Andrew, we are familiar with each other, but I can sue you for defamation if you talk nonsense like this."

   Andrew shook his head helplessly, just a wry smile.

Looking at the traders who were still petrified, Zhong Shi came over and patted them on the shoulder, deliberately said with a straight face: "Gentlemen, it's off-duty time, I have no objection if you want to continue working, but yes There is no salary to take, Mr. Andrew and I are leaving first, see you tomorrow."

As he walked out, the four traders who were still blocking the door of the office instantly stepped aside. Their eyes were full of fanaticism and respect, their waists were also straight, and almost all of them watched Zhong Zhong with incredulous eyes. Stone left. After Zhong Shi and Andrew were out of their sight, they put away their admiring attitude towards Zhong Shi and began to discuss in a hurry.

   "Did our manager really do this?"

   "Is there any doubt? Didn't you see the expressions of Andrew and Mr. Zhong?"

   "By the way, Andrew said just now that he switched from his left hand to his right hand?"

   "Uh... haven't you heard that most of the funds in our fund are our own funds, and it is said that 90% belong to the Zhong family."

  …

   This news quickly spread to the ears of global investors who are concerned about the copper futures market, even Quantum Fund is no exception.

   "Mikan, can you explain what's going on?" Druckenmiller asked very dissatisfied. At this moment, the atmosphere in the conference room was extremely tense. Following Druckenmiller's questioning, almost everyone's eyes were on McCann Sylvester, the director of non-ferrous metals.

   "I'm not very clear about this situation, but our positions in the copper futures market have been cleared!" McCann stood up without any fear on his face and talked freely.

  A flash of anger quickly flashed across Druckenmiller's face, and then he suppressed the anger in his heart, and said coldly: "Tell me about your operations and judgments."

McCann didn't seem to notice Druckenmiller's dissatisfaction, and still said to himself: "Today is the day when the options are executed. Since the market has a situation where new longs are greater than new shorts, we take advantage of this opportunity to rise , to clear all the positions currently held, and the average price is much higher than expected. The current account profit is..."

   "Wait!" Druckenmiller finally couldn't hold back, and interrupted McCann unceremoniously, "Didn't you even get any news about the large-scale delivery in the copper futures market?"

A look of astonishment appeared on McCann's face. After he calmed down, he realized that Druckenmiller was very dissatisfied with his job. After a few thoughts flashed through his mind, he regained his composure. He shook his head and said: "We did not get any news before this. Because the inventory of copper has been increasing recently, out of risk considerations, we have been reducing our positions. All of this is strictly implemented by you. Strategies." Speaking of this, he specifically emphasized the "previously formulated strategy".

  Silence, deathly silence, almost everyone can hear McCann's intentions, if Druckenmiller continues to pursue the negligence in this matter, he can only be held accountable in the end.

  Drukenmiller suddenly felt an inexplicable annoyance. He waved his hand impatiently, announcing the end of the meeting, and didn't even bother to listen to the report on his investment field.

  …

  November 17th, Thursday, when the copper futures market opened, there was no surge of liquidation and selling as in the previous history, but continuous buying. This is because the short sellers can't wait to close their positions in the market in order to seek to leave the market as soon as possible. The reason is because of the news of yesterday's large-scale spot copper delivery.

"Zhong Sheng, do we need to close some positions?" When the current copper price broke through 2870 US dollars, there were more buying orders in the market. Since there were not enough lots to close the short positions, the copper futures price could only be sold at the short position. There is a gradual rise in the buy order to close the position.

   "Don't worry, wait and see, the short sellers must be much more anxious than us!" Zhong Shi shook his head slightly and rejected the proposal.

  In addition to some short sellers who are panicking, other bulls in the market also keep opening new long positions in the market with the mentality of beating the dog in the water. Although there are short sellers who are not afraid of death, they enter the market again to take over these high opponents' orders, but they cannot prevent other short sellers from closing their positions in a panic, so they can only watch the copper futures price continue to rise.

   While Zhong Shi was still waiting and watching, the price of copper futures broke through 2,900 US dollars. At this integer point, some short positions were forced to close their positions because they reached the limit of maintenance margin, that is, their positions were liquidated. The pessimistic atmosphere pervaded the entire bear market, so the $2,900 position was breached with little effort by the bulls.

   "Close 10,000 lots and see how the market responds." At this time, Zhong Shi began to close positions on a large scale. He believed that his psychological expectations had already been reached, and any higher level might force the short sellers to die.

10,000 lots of selling orders appeared in the market, and immediately matched the short position closing orders at these prices. The price of copper futures fell rapidly at a speed visible to the naked eye. It fell by 20 US dollars in a few minutes, and finally stayed at the position of 2880 US dollars. down.

But not long after, another bull appeared in the market again, and it took a whole hour to raise the price of copper futures to $2,900 again. Obviously, they were very dissatisfied with the repeated price of copper futures just now. Price and short position closing.

In terms of short positions, except for the part that has been liquidated first, some other short positions have quit. These people did not open positions near $2,700. Their average price may be $2,800 or even higher. I am not afraid of being forced to close my position, so I started to fight the bulls around $2,900. The two sides fought very happily, but the price of copper futures was always hovering around. In the end, when the market closed, neither of the two sides could do anything to each other, and the price of copper futures finally closed at 2,900 US dollars.

  The futures copper K-line has pulled out a positive line for five consecutive days, rising from $2,650 on November 10 to $2,900 today, marking the largest increase in recent years. Analysts are predicting after the close that tomorrow will be a down market.

   Thanks to book friends Ga Ge Li, Shuo Fei, and Xing Xi Yue Lang for their support! At the same time, thanks to Aline for the reward again!

  (end of this chapter)