Chapter 197: The Honor of the King of Shorts
The call was John Mellon.
On the phone, the senior private service manager of Wells Fargo said to Abel with regret: "Abel. I have to inform you. What you mentioned to me before was rejected after I informed Mr. CEO of Wells Fargo.
Abel was not surprised.
The idea he mentioned to John Mellon was a bit taken for granted. Wells Fargo was not his private bank and could not do it for him.
"It's okay. John. Actually, I didn't have much hope at that time," said Abel.
There are some regrets in John Mellon's words: "Although I believe in you very much. I believe in your investment ability and your investment gaze. Unfortunately, our CEO and Mr. Alpha are not willing to take such a big risk. Wells Fargo is the bank of depositors after all. They are responsible for the bank's customers."
Abel said, "No need to say anything. John. I understand all of what you said."
Abel had previously made a bold proposal with John Mellon, that is, to join forces with Wells Fargo to short the international crude oil this time.
In the foreseeing the smoke of fate.
This time, international crude oil will fall badly. It is a time when it is very suitable to short crude oil. The profit of shorting crude oil will not be slower than shorting US stocks and making money in the foreign exchange market.
The crude oil market is one of the largest investment markets in the world, alongside the foreign exchange and stock markets.
Forex and stocks are invisible and intangible.
Crude oil futures.
That is, it is possible to require handover after the contract expires, that is, it is possible to obtain real oil.
This is the difference between futures and forex and stocks.
Oil is the real world currency now. The US dollar is just a parasite that parasites parasites on oil.
John Mellon once again said regretfully, "My personal position is a pity after missing this opportunity. But there is no way. I think even if Mr. President and Mr. Alpha support it, it will be difficult to pass such a decision on the board of directors."
Listen to John Mellon's repeated explanations.
Abel actually really understands it very much.
A large banking group like Wells Fargo, which is almost bloated, has long been suffering from the disease of a large company.
He only mentioned it that way at the beginning.
It doesn't matter whether it succeeds or not.
The most important thing is that Wells Fargo can still support him financially just like when he was operating in the forex market.
Even if there is a mortgage and high handling fees and interest.
He said: "It doesn't matter if the cooperation is not done. But John. I hope to trade short oil through Wells Fargo. This should be no problem, right?"
"Of course there is no problem." John Mellon breathed a sigh of relief across the street, as long as Abel did not leave Wells Fargo.
Now Abel is Wells Fargo's top customer, strategy and partner.
"A credit line of $60 billion!" John Mellon said affirmatively, "This is the credit line provided to you by Wells Fargo! If you have a collateral, you can use your account under Wells Fargo and Blue Star Future shares as collateral!"
60 billion US dollars?
Enough!
"Okay. No problem. Maybe I will use this fund tomorrow!" said Abel.
"No problem! Wells Fargo will cooperate with you at any time!" John Mellon said affirmatively again.
"Very good. John, remember to help me pay attention to my helicopter! Of course, let them not be anxious. What I want is quality, quality and quality! Time and money are not a problem!"
After emphasizing his attitude towards consumption, Abel thought about it and added, "By the way. My helicopter is still in the process of making. I thought about it and found that besides the helicopter, I still lacked a few other things..."
"Is there anything I can help you?"
“I’m still missing a yacht and a plane!”
Abel smiled and said, "Helicopters, private jets and private luxury yachts are standard for real wealthy people. I have nothing to do until now, and even helicopters are still being made. John, I don't think I'm a rich man."
"Haha!" John Mellon said with a smile, "If you are not a rich man, then I may be a poor man, and there are too many poor people in this world!"
"Please pay attention to me... If you have a good company, you can come and find me."
"Okay. No problem. I will bring the best plan to you and let you make a decision!"
"Okay. If nothing else, I'm going to hang up the phone," said Abel.
"It's not without... Andy and the others want to know when your new fund and investment company will be established. Actually, I personally want to know this question."
"It's almost done."
"Well, I'll answer them like that. Goodbye, Abel."
"Goodbye, John."
Putting down the phone, Abel closed his eyes and began to ponder.
Wells Fargo provides him with a credit line of 60 billion, and the collateral is almost 95% of the assets under his name.
It is estimated to be similar to the foreign exchange margin fund account.
As long as you lose to a certain extent.
This credit limit will be taken back.
Not only will the remaining funds be taken away by Wells Fargo, but even the mortgaged items will be owned by Wells Fargo.
There are not many people who play like Abel in the capital market.
Why does his money come so quickly and so much?
It is because almost every investment he invests, to outsiders, is like spending all his gambling.
Since it's gambling, of course you'll get money quickly.
Only Abel himself knows it.
If there is no smoke of fate, he would not dare to invest so generously with 100 courage.
It is called investment, but it is actually gambling. It gambles with invisible giants in the capital market.
"If I could make so much money in the crude oil market this time..."
"I guess the nickname you call me should be "The King of Short Selling".
Abel smiled self-deprecatingly.
Americans like to give people nicknames, from Jordan, the NBA, to the Little Emperor, the Little Pan, etc., to various short sellers in the investment market, debt kings, hedge funds kings, stock gods, etc.
Abel made billions of shorting the US stock market before, but now if he makes huge profits from shorting from the crude oil market, the nickname of the shorting king will definitely not run away.
"The King of Shorts? The King of Shorts?"
"This title seems to be pretty good?!"
While he was smiling and thinking like this, the black Rolls-Royce Phantom sent him and his convoy to the site where the private helicopters were parked by Wells Fargo.
Things are basically gone here.
The renovation of No. 67 Beverly Park has almost been completed.
Chapter completed!