The Son of Finance of the Great Age

  Chapter 838 Successful Escape

  Although it provides a trading platform, because it is a leveraged operation, the exchange is also risky in terms of settlement. For example, during the stock market crash in 1987, Hong Kong's stock index exchange could not deliver normally, and later had to set up a special stabilization fund. Once a large-scale default occurs on an exchange, its reputation will plummet, which has happened in history.

  One is to curb excessive speculation, and the second is to avoid the risk of its own settlement. Therefore, under the interaction of these two factors, COMEX announced to increase the margin at this time.

  In fact, it is more than just the exchange itself. All investment-related media and people around the world are discussing what happened in the gold market. In the past three weeks, the price of gold has risen by nearly $300. This phenomenon is extremely rare even in the history of futures.

  Finally, when the price of gold broke through $1,900 today, the exchange finally made a move.

  Although it will be implemented tomorrow, the price of gold has plunged intraday. After barely reaching $1918, the price of gold began to turn sharply and fell straight down at a speed comparable to a free fall. It took only ten minutes for the price of gold to fall below $1900.

Then the prices of 1890, 1880, and 1870 were broken through one after another. The price once fell to 1826 US dollars, which was close to 100 US dollars compared with the highest price. However, before the market closed, the topic of tomorrow's global central bank meeting was brought up again. The decline was narrowed, and the final quotation closed at US$1861, a decrease of US$30.6 or 1.62% compared with yesterday.

   But this is not the end of the fluctuations in the gold market. At the second day's global central bank conference, Bernanke said something that puzzled everyone from all walks of life, and once again shocked the gold market.

Just when the whole world believed that the Fed might implement QE3 or stated that it would implement QE3, Bernanke’s statement showed a cloudy attitude, that is, he neither denied that the Fed might implement QE, nor acknowledged The Fed has plans to implement QE. All in all, it is just an attitude, you outsiders can speculate and interpret it at will, anyway, he has not made any guarantees.

  Politicians are just like that. They slur their words and make the market elusive. They neither give you hope nor despair. This is their art of speaking.

  But in the gold market, this statement means that expectations are shattered, because the most important push for the rise of gold prices is that Bernanke will announce news related to QE at this meeting, and the market is suddenly in chaos.

On the same day, the gold futures opened lower by as much as US$30, and then the price of gold fell all the way down. Soon, it failed to hold the US$1,800 mark, and fell directly into the range of US$1,700. Finally, it plummeted more than US$100 all day, with a drop of up 5.59%.

  The two-day market has formed a very obvious peak trend, and the market has experienced a sharp reversal.

But for many bulls at high positions and halfway up the mountain, this market is undoubtedly intolerable to them, because it means that they have suffered major losses. You must know that the rising speed is fast, and when they enter the market, the cost has soared to 1800 Dollars or so, getting out now means they're losing a lot of money.

So the unwilling bulls showed their power again in the next few trading days, pushed the price of gold to around $1,900 again in the next eight trading days, and then began to slowly reduce their positions. Finally, on September 21, the entire The gold market lost the support of the main force, and finally began an avalanche-like decline. It plummeted by more than 200 US dollars in three trading days, completely ending this magnificent market.

   Naturally, these are things for later.

   On the day when Exchange No. 23 announced the increase in margin, after the market ended, several people got together again to discuss the current market situation.

   "God, this is crazy!"

Ackman said with lingering fear, "I originally planned to close the position at $1,750, but the market was rising too fast. By the time I cleared all the positions, it had risen to $1,850, which was almost gone. Get out."

In the last meeting, Ackerman also said that he would flee at the highest position, but the market’s reaction was much faster than his reaction. As the saying goes, changes are not as good as plans. His position is about to rot in his hands.

  Of course, based on his opening price near $1100, there will be no loss in any case.

"Yes!"

At this time, Griffin's eyes on Zhongshi changed, from the initial unconvinced to completely convinced, "My position of 1 billion US dollars earned more than 3 billion US dollars when I closed it." Profit, this is enough to ensure that my rate of return this year will reach more than 30%, this is the most profitable transaction I have ever operated, bar none.”

   “I also made $8 billion!”

  Dairio said lightly, "If I had built up a little more positions at the beginning, the number should have more than doubled now. Unfortunately, the opportunity is fleeting and will not come again."

   "Mr. Zhong, how much money have you made?"

  When it comes to profit, although everyone sighs, their hearts are full of joy, because the huge profit brought to them by this transaction is enough to guarantee their performance this year. There is even a lot of their own money, which does not need to be distributed to investors at all, so they are very excited deep in their hearts at this moment.

  Although they were very excited, they still had a question about how much money Zhongshi and Tianyu Fund had made as the leaders of the whole matter.

   You must know that Zhongshi announced that it would invest 20 billion U.S. dollars in a huge amount of funds. According to the comparison of the estimated rate of return and their own situation, they can earn at least 50 billion U.S. dollars.

   "Not as many as you think!"

Looking at the eager eyes of several people, Zhong Shi smiled and waved his hands, "The price of my closing position is about 1750 US dollars, the market is too eager to pursue long positions, so even though my position is very large, it is still It was cleared smoothly within four days. Combined with the costs, the profit made was about $40 billion."

"what…"

   Even though there were not as many as expected, Zhong Shi's words still caused a gasp, after all, this number is too huge.

  Among the few people, only Paulson was thoughtful and didn't show much surprise.

  In fact, Zhong Shi earned more than this figure. Because of the addition of leverage and the accurate prediction of the price trend, he controlled the closing price at around US$1,800. In the end, he earned US$63.48 billion.

  The reason why he didn't say it out was because he was afraid that this number would be too appalling, so that it would cause some disaster if it was spread out.

   And Paulson has earned more than 20 billion US dollars in profits during this wave of market prices. According to his estimates, no matter how bad Zhongshi is, it will not be less than twice his. So when Zhong Shi said 40 billion US dollars, he secretly moved in his heart, knowing that Zhong Shi did not tell the truth.

   "What do we do now?"

Paulson intentionally changed the topic, and subconsciously guided, "Now the bubble in the gold market has begun to emerge, and if there is no accident, there will be a sharp drop tomorrow. In this case, should we consider shorting appropriately, and then Make a fortune?"

   If there is no accident, the rising market of gold should end here, and then it will recover to around 1,500 US dollars, because the short-term positives disappear, and the market will regain rationality and order.

  During this process, the price of gold will inevitably fall. Taking the opportunity to conduct another reverse operation, I believe that a lot of profits can be made. Of course, it is absolutely impossible to compare with their previous wave of earnings.

   "If you want, you can participate in it!"

Zhong Shi still has an indifferent attitude, "There may be a short-term decline, or there may be an increase. After all, Bernanke's statement tomorrow will not favor any side. He will only use vague words to perfuse the market. Because he knows exactly how his unequivocal statement will cause market shocks."

"However, this is good. It is not bad for both bulls and bears. But for institutions that want to gamble on QE, this is fatal. Now it depends on whether they have the ability to follow up and re-fry Hot market, raise the price of gold again, let the follow-up people take over!"

"If I'm not mistaken, after tomorrow, the trading volume of the market will shrink rapidly, and then the news will be released as frequently as before, and then it will either rise slowly or fall slowly, and then on a certain day, the market will suddenly appear violent. , to reach the expected price in the short term. In this way, the main bulls will escape smoothly, leaving a mess for investors who don’t know what’s going on.”

   Everyone looked at each other, not knowing what to say for a while.

"Speaking of which, we were the main force in the first batch, and then attracted the second batch of people to enter the market, and successfully got them in a high position. But the ability of these people to take our positions shows that it is definitely financial resources Strong Lord. I think in this situation, if they don’t have a preliminary plan, they shouldn’t dare to enter the market so rashly.”

  Looking at the stunned crowd, Zhong Shi shook his head helplessly, "After finishing this, we should rest for a while, gentlemen, don't you think the limelight is too strong?"

"maybe!"

When everyone was full of ambition, they really wanted to do it again, but since Zhong Shi was unwilling, they had no better way, so they immediately nodded in disappointment, and after chatting for a while, they continued scattered.

  …

   "Are you sure it's him?"

  At this time, Andrew Bryan, who was far away in Washington, was listening to the report of a man in black with a serious face.

   "Yes, we sure!"

The man in black bent slightly and said respectfully, "When we were defending them, we noticed that there was a person with strange behavior following them from time to time, so our agents used a little trick to catch this person , As a result, under pressure, he told us that he was hired by others to secretly track the object of our protection."

   "Didn't he say what his employer was going to do?"

  Andrew Bryan frowned, and then asked, "Is it competition among peers, or is there some other purpose?"

"this…"

The man in black paused, and after thinking for a while, he replied, "According to the record of our forced interrogation, he seems to be unaware of these things, which is also in line with our judgment. After all, he is just a chess piece, and what to do next is up to him." Employers judge for themselves."

   "Okay, I got it!"

  Andrew Bryan waved his hand, signaling the other party to back down.

   After the office was quiet again, he thought about it, took out a folder from the drawer, and pulled out a photo. It was Zhongshi.

   "Immature wolf cubs!"

After staring blankly at Zhong Shi's photo for a while, a stern look flashed in Andrew Bryan's eyes, "It was just a tool, but it's so bold that it wants to challenge the US government. I think the others are just obeying your wishes." .Since this is the case, then you are of little use to us. Originally, I wanted to solve you, but now your enemy Soros has appeared, and there is just another scapegoat. Hahaha..."

  Before he finished speaking, he began to laugh wildly.

   Thanks to book friends huangzhou, 8254814, book friends 160315221917449, and the roaring useless people who voted monthly! Thank you book friend 555@555 for your reward! After adjusting the status and finally writing a chapter, I feel that it is getting more and more difficult. Thank you for the support of so many book friends yesterday, I am very grateful~

  (end of this chapter)