"Advanced copper futures opened at $0.8325 per pound!"

"Aluminum futures opened at $1.6815 a pound!"

In the operation room of the Galaxy Fund, Song Yang said happily.

Even though the boss himself is here and can see the data as well, he still likes to read it out.

These cold data seemed so lovely to him, his heart seemed to fluctuate with these data, and every time the data jumped up, his mood became excited.

"Compared to the closing price at the end of last week, senior copper futures jumped 5.98% at the open, and aluminum futures jumped 5.78% at the open. ”

"It's been suppressed for two days to break out to this extent, it's quite reasonable, stabilize your mentality, it's still early!"

Xia Yu smiled lightly and said unhurriedly.

There seemed to be a kind of magic in his voice, which smoothed Song Yang's originally somewhat excited mood, and the smile on the latter's face slowly converged, took a deep breath and nodded: "You're right." ”

After a few seconds of silence, Song Yang couldn't help but ask curiously, "Boss, when will we start retreating?"

Xia Yu's gaze retracted from the rising data, glanced at Song Yang, thought for a moment and said: "Don't worry, Wall Street capital is still entering, they won't leave if they don't make a profit, wait and see for two weeks, and then wait for the opportunity to act." ”

Although the market is chaotic now, Xia Yu's heart is like a mirror, and his eyes see the most essential things through the somewhat chaotic market.

The capital market is a game of big fish eating small fish, large and small players are full of it, generally speaking, big fish eat small fish, small fish eat shrimp, but there is no absolute, it is difficult to guarantee that the small fish will not become a shark in an instant.

In the early stage, the bulls led by the Galaxy Fund and the bears led by Philip Brothers have piled up the table with mountains of dollars.

Now, financial institutions are pouring in, making the dollar at the table more and more.

Now no one can tell when the gamble will end, maybe everyone is trying to have the last laugh and get more benefits.

As the prices of advanced copper futures and aluminum futures get higher and higher, there will definitely be conservative institutions to withdraw, and there will also be institutions that were originally calm but red-eyed to come in.

In this game of drumming and passing flowers, it will be the bears who lose ground and the last receiver who will die, and the institutions that will make money will be the institutions that exit in the early, middle and late stages.

It's just that the institutions that exit in the early and middle stages will definitely not make as much money as the institutions that exit in the middle and late stages.

If you want to make more money, you have to take more risks, and the risks and benefits are always proportional.

However, no matter how these institutions play, they can't get around Xia Yu's side, and the initiative is always in the hands of Xia Yu's side.

It is only when he starts to liquidate that the game begins to fluctuate, unless a stronger dealer comes back to keep the game alive.

According to statistics, including Galaxy Fund, Island Jiuding Securities Company, London Bright Fund and other companies, the copper futures and aluminum futures contracts held by Jiuding Consortium in the world have accounted for more than 50% of the market.

Counting the two allies of the Howard family and Sumitomo Corporation, Xia Yu's camp has controlled more than 65% of the futures contracts in the global market, maybe even 70%.

Although it is not comparable to the peak data of 90% of the global silver futures contracts controlled by the Hunter family, combined with the number of spot contracts controlled by Xia Yu, the influence is not bad at all, or even surpasses.

In the past, the Hunter family manipulated silver futures, limited by capital, mainly playing low-cost futures contracts, and the control ratio of spot was quite low, only a few percent, so when the spot market was chaotic later, it would lose control and wash away the futures market.

With the lessons of the past, Xia Yu is much more cautious.

Now, he has spent more than $5.5 billion on 1.12 million tons of copper and 1.34 million tons of aluminum.

Although these metals are still in the warehouses of various mining companies, the spot trading contracts have been signed, and these metals already belong to him, and I believe that no company dares to take risks in the face of the threat of huge liquidated damages.

Time flies like a white horse, and it is two weeks in a blink of an eye.

On Monday, the stock market futures opened on time.

Unsurprisingly, senior copper and aluminum futures jumped at the open, reaching $1.2145/lb and $2.4680/lb, respectively.

The prices of these two futures have more than doubled before Xia Yu went long, and the market has become extremely crazy.

The futures market is ten times and dozens of times more leveraged at every turn, and if the institution that successfully entered the market two weeks ago spent $20 million as a margin to enter the market, the floating profit now has reached at least $90 million, which can be said to be more than four times the profit!

There are not many financial institutions with annual profits of more than $100 million, even in New York.

Think of Philip Brothers, which was originally worth more than $4 billion, and its annual net profit was less than $300 million.

Therefore, in the face of such crazy profits, not many institutions can remain calm.

It's a wolf!

It's just that the bears, led by Philip Brothers, are going crazy, and under the soaring futures prices, they have to continuously replenish the margin, and at the same time join the scramble to force the liquidation.

Shorts used to sell contracts, and now if they want to close their positions, they need to buy back the same amount of futures contracts.

Although it is said to be forced to close the position, in the face of the already crazy market, every sell order thrown out is like a piece of delicious meat, attracting countless wolves to snatch it, and it is difficult for Philip Brothers to grab the contract if it wants to close the position.

Philip Brothers had sold too many contracts before, and now it is very difficult to close them.

In view of this situation, Philip Brothers had to resort to other methods, such as buying spot contracts and then looking for institutions that wanted to convert the spot contracts into futures contracts for liquidation.

This approach has further contributed to the sharp rise in spot prices.

Although major mining companies are still producing copper and aluminum, they are still in short supply in the face of broad market demand.

When the market is closed on Monday morning.

Seeing that the stock price of Philip Brothers was fixed at $8.25 a share, with a market value of $1.2375 billion, Xia Yu smiled.

Although Philip Brothers has been holding the lid on and not letting the real data leak out, there are too many elites on Wall Street to estimate the losses of Philip Brothers.

Conservative loss of a billion dollars!

This is the estimate of Philip Brothers by many institutions, and this estimate has been unanimously accepted by the majority of institutions.

Under such huge losses, the shares of Philip Brothers have directly become junk stocks, and now the market is full of sell orders, that is, no institution dares to buy it.

Even if it has fallen from $4.173 billion at the peak to $1.2375 billion now, the market value is about to exceed $3 billion, and it still can't contain the momentum of continued decline.

Carefully calculated, Jiuding Securities Company shorted Philip Brothers, and the floating profit reached 630 million US dollars!

And this is not the end, as long as the share price of Philip Brothers falls lower, the greater the profit of Jiuding Securities Company's shorting.

It's just that Xia Yu is not too greedy and knows how to stop in moderation.

"Toby, when the market value of Philip Brothers falls below $1 billion, let's start doing it, just acquire enough equity to repay the gambling institution, and there is no rush to buy the bottom. ”

Retracting his gaze from the freeze-frame price, Xia Yu commanded Toby Morton beside him.

Toby Morton was stunned for a moment, looked at Xia Yu's deep gaze, thought for a long time, nodded and responded: "Yes!"

"I'll go first, and you'll probably get off work too. ”

With that, Xia Yu turned around and left.

Seeing the figure of the boss Xia Yu leaving, Toby Morton pondered, figuring out the boss's true thoughts.

"Didn't the boss want to buy Philip Brothers, did he change his mind again?"

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