Chapter 225 Crazy Gold Price
If you follow the normal operation method, Yang Jing should first use a lower leverage ratio, and at the same time, you should keep at least 10 million US dollars of reserved funds in your hand to prevent the gold price from fluctuating, and you can replenish your positions in time. If you have no funds in your hand and cannot replenish your positions, you will be forced to close the position immediately and eventually lose all your money.
But how could Yang Jing, who has been familiar with the performance of gold prices in the past month, missed such a great opportunity? Therefore, under his tough attitude, Cesar Cook could only act helplessly according to Yang Jing's orders.
Even so, Cesar was nervous. If something really happened, he would not care about Yang Jing jumped off the building and didn't want to care about it, but this trip they really ran away in vain...
But what surprised Cesar and his team members was that since the opening of the market, the price of gold has been rising all the way, and after the gold price ended at 10:30, the price of gold was still firm and upward!
The fact that central banks sell gold reserves did not calm the gold price, but instead stimulated the bulls' madness. Until the market closed at 11:30 noon, the gold price stood firmly at the high of $543 per ounce.
During this period, the London Gold price index line did not even have a slight fluctuation. It was directly a straight line that stretched from 512 to 543, straight like an airplane pulling line in the sky...
If Yang Jing ordered the clearance of the gold in his hand at this time and calculated based on a profit of US$25 per ounce, then Yang Jing had already made a net profit of US$130 million in just two hours!
However, at this time, Yang Jing obviously would not sell this gold. Today it has only risen a little bit, and it is still far from Yang Jing’s expected goal!
I don’t know, but I was really shocked when I calculated it! This result made Cesar Cook and his team members not recover for the whole afternoon. Looking at Yang Jing’s eyes were like seeing a ghost!
The gold price in the afternoon did not fluctuate much, and it rose slightly at the close. Finally, after the closing, the gold price stood firmly above the high of $548 per ounce.
Even at this price, there is a net income of more than $30 per ounce, and the income in four hours of this day is more than $150 million!
Seeing that the market was over, Yang Jing smiled and said, "Let Mr. Al prepare a big meal tonight, so we can celebrate first." After saying this, Yang Jing walked towards his room with sacredness.
When Cesar Cook and his team members saw Mr. Smith leaving so casually, they were shocked and regretful.
The gold price trend on this day undoubtedly brought a strong impact to the five of them, especially Cesar, who has been working hard in the international gold market for more than ten years, but he has never seen such a strange but precise operation. Not to mention seeing it, he has never heard of it even if he heard it.
Full position is the highest proportion, and when the return is as high as US$30 per ounce, he is still unmoved and still insists on full position.
"Damn! What is he going to do?" Several people looked at each other and found shock in each other's eyes.
Compared to such sharp operation and such calm attitude, Cesar Cook and others were more regretful.
Because of Mr. Smith's permission, Cesar Cook discussed with the team members last night and each took out $300,000 per dollar to invest. However, their money was limited and they all earned it with their own hard work, so they were still very careful about their own funds.
As a result, this caution doesn't matter. Not only did it not use the highest leverage ratio to enter and build a position at the lowest price, but it also watched the gold price rise all the way. When they built a position at $535 with a ratio of 1:20, the final profit on that day was only $13 per ounce.
They are far behind that brave Mr. Smith.
The blonde young man Hank Close whispered: "Boss, why don't we clear the position tomorrow, and like this Mr. Smith, build the position full?"
The beautiful freckled girl Emily Ballmer also said: "Boss, I think Hank's proposal is good. I think Mr. Smith is absolutely confident to operate this way. Do you know if he has received any inside information? I think as long as we follow him, we will gain a lot of money this time."
Cesar Cook did not speak, but looked at Albert, who was bearded.
Albert, with a beard and black-framed glasses, shrugged and said, "Boss, don't look at me, we all listen to you. But what I want to say is that today we witnessed a miracle happening with our own eyes. Under the order of Mr. Smith, we also became the creators of this miracle. God, 27 million US dollars in principal, full position, maximum leverage ratio, and then make a profit of $150 million in just four hours, with a net yield of 555%. Boss, I really can't think of a reason why we don't follow Mr. Smith's footsteps! I don't think we can give up this opportunity."
The last young man with an ordinary appearance nodded and said, "Boss, I mean that too. Mr. Smith dares to do this for two thousand seven million dollars, even if each of us only takes out 100,000 dollars to follow Mr. Smith, even if we are forcibly closed, we will be in no danger. Besides, according to my intuition, I don't think we will mess up this time."
After hearing all four subordinates say this, Cesar Cook pondered for a long time before biting his back teeth and saying, "Okay, since you all agree to do this, we will clear the position tomorrow, and then each of us will invest another 100,000 US dollars to build a full position with the highest proportion."
When several team members heard Cesar say this, they were excited to high-highs, as if they had made a big profit tomorrow.
No wonder they are like this now. From the time they didn't believe it at the beginning to the time they were completely convinced today, it only took Mr. Smith four hours to trade.
Cesar and others also personally operated this miraculous operation, with a net return rate of more than 500% a day, which was something they didn't even dare to think about before.
Although their yield in the international gold market was as high as 280% last year, which is also a very proud achievement, compared with Mr. Smith's methods today, their profit is not worth mentioning at all.
One took a year to make a profit of 280%, and the other made a profit of more than 500% in just four hours! How to compare? This is simply incomparable!
Unfortunately, what Cesar and the others never expected was that this was just the beginning of Mr. Smith, and the real madness was still behind. And when they fully saw Mr. Smith's crazy methods, the five of them regretted it again.
In Cesar's words - if we had known that King Kong was so crazy, we should have done our best! As a result, because of our caution, we missed the best opportunity to become a billionaire...
The next day, on January 3, 1980, the price of gold and gold in London rose like a rocket. At the closing price in the afternoon, the closing price stood firmly at the high of $634/ounce. In one day, the international gold price rose by $86/ounce! Two days and eight hours of trading, the net income per ounce of gold purchased by Yang Jing was as high as $116/ounce!
Although Cesar and the other five each took out 100,000 US dollars and built positions with a leverage ratio of 1:100, a mere $50 million of controllable funds made them unable to buy much London gold. Moreover, because of the crazy rise in international gold prices today, Cesar and the others caught them off guard. In the end, the cost of their position building was as high as $598 per ounce, which was 80 per ounce more than Mr. Smith's cost of building a position.
However, the profit of up to $36 per ounce also made Cesar and the others smile. They controlled 50 million US dollars to hold 80 lots of London gold, which is 8,000 ounces, and the net profit of a day was close to $300,000!
London Gold burst out with unparalleled energy in the first two trading days of the New Year, and the huge bullish force caused the gold price to soar.
During the ten trading days I served, although the gold price fluctuated slightly, it did not affect Yang Jing, Cesar and others.
What makes them even happier is that in the face of this crazy soaring gold price, the market IQ of major central bank governors and financial leaders around the world is undoubtedly exposed, because before that, in order to calm international gold prices, major central banks were desperately selling gold reserves, such as the US Treasury Department auctioned a total of 6% of the Federal Reserve's gold reserves.
Now, facing such a strong gold bull market, they have begun to talk about restoring the traditional role of gold in the monetary system. The typical one is US Treasury Secretary Miller. On January 16, 1980, this guy actually announced that the US Treasury Department would no longer use the method of reducing its holdings of gold reserves to stabilize the gold price. As a result, less than half an hour after the declaration was announced, the international gold price soared up by $30/ounce, directly breaking through $700/ounce. At the close, it stood firmly at the high of $715/ounce!
The next day, on January 18, the international gold price directly exceeded US$800 per ounce; then after the London gold market closed on Saturday and Sunday, after the opening on January 21, the gold price rose all the way, quickly approaching the historical high of US$850 per ounce!
By this time, Yang Jing's 52,000-handed London gold had made a profit of nearly $300 per ounce, while Cesar and his friends made a profit of more than $210 per ounce.
In just twenty days, Cesar and the others made a profit of up to 1.7 million US dollars!
Both Cesar and his four team members were already impressed by the mysterious Mr. Smith. While they were enjoying the huge profits, they were also deeply annoyed.
If I had a little more courage before the market opened on January 2, even if I invested a little more, I would probably make more than 1.7 million yuan now.
Let’s take a step back, even if everyone takes out $200,000 when they decide to build a full position for the second time, then one person can now get $580,000!
As a team that has worked hard in the London international market for five or six years, they made a profit of up to 280% last year. In fact, the five of them still have some money.
I dare not say that one person can take out one million dollars, but it is absolutely no problem for one person to take out half a million dollars.
If they each took out $500,000 on January 3rd...
But now they have no choice but to regret it. After more than twenty days of crazy rise, even Cesar and the others have already felt a little scared in their hearts.
Seeing the international gold price rise from 512 US dollars per ounce, it has surged to nearly 850 US dollars per ounce in just twenty days, to be honest, Cesar and the others also feel that things are wrong.
At present, international gold prices involve too many aspects. Not to mention, international gold prices are so strong that the US dollar, which has always been strong, will it immediately shrink. Will Americans sit still and watch their currency shrink?
Just as the international gold price broke through to the high of 850, the mysterious Mr. Smith said: "Mr. Cook, start clearing the position at $833 per ounce this morning! All the London gold we have to clear the position before the closing of this morning!"
For more than twenty days, the mysterious Mr. Smith has rarely spoken, but now he suddenly speaks out. Cesar and his team members all breathe a sigh of relief.
"Are there really a big shot who will stand up and end this crazy market?" Cesar not only remembered the process of arguing with Mr. Smith on New Year's Day.
"Unless a big shot publicly stands up and announces the use of tough measures to suppress gold prices, it is possible to eliminate people's panic!"
This is what I said in person that day!
No matter what Cesar thought, under his command, four of his team members, including himself, began to clear the stock slowly.
The order given by Yang Jing was a clearance price of US$833 per ounce. At this price, the value of the 52,000-handed London gold in Yang Jing's hands has reached US$4.33 billion!
However, in the face of such a crazy market, in the face of a huge bull market, and in the daily trading volume of more than US$1.6 trillion, these gold coins worth US$4.33 billion were immediately swallowed up without a trace. In a few minutes, all 52,000-handed London gold was cleared!
Of course, when operating Yang Jing's London Gold, Cesar and others did not forget to clear all the London Gold at their hands.
As Cesar and his friends finished clearing their positions and happily prepared to calculate the gains of this investment, the mysterious Mr. Smith issued another order.
"Mr. Cook, please continue to use a leverage ratio of 1:100 to fully hold short positions at the price of $842 per ounce! This time the operating capital to build your position is $138 million!"
"Short?" Cesar was startled by this order. He saw that the gold price was about to break through $850 per ounce, and the increase was so severe. At this time, short selling...
Chapter completed!