All eyes were on him, making Curtis Bud a mountain of pressure.

Although it was the Rothschild family who asked him to short LME copper futures and LME aluminum futures, this cannot be said unless he wants to go to jail.

Curtis Bard was so anxious that his forehead seemed to become wet.

Bartit Barrin frowned, and said in a deep voice: "Manager Curtis Bard, I have read your investment application report, but it is not enough to explain that you have invested more than seven billion dollars in a short period of time to short, your behavior is too aggressive, which will lead to the current dilemma, I need an explanation." ”

At present, the floating deficit is only 25.55 million US dollars, which is not much for the Bank of Bahrain, and it seems that it is not enough to alarm Bharit Bahrain, and it is still holding such a large high-level meeting.

But if you think about it, you can understand Ballyt Balin's concerns.

In the past, the Bank of Bahrain was short, but it gradually entered a disadvantage, and there is still room for maneuver.

However, the news that broke out one after another this afternoon means that the bulls are about to take off, and the room for maneuver led by the Bank of Bahrain has been reduced by 80 or 90 percent in an instant.

Now it's just a loss of $25.55 million.

But what if the price of LME copper futures and LME aluminium futures doubled?

So how much money the Bank of Bahrain invested, how much money will be lost!

Now that's $749 million, that's a lot of money!

If you lose all of them, it's enough to bring the Bank of Bahrain into the abyss!

Although the London Metal Exchange has a margin system, under normal circumstances, the margin loss will be forcibly closed, and the loss will not seem to be too large.

But there are no absolutes, there are always extreme cases, such as not being able to close a position.

On the premise that the bulls are unanimously optimistic about the market, holding the futures contract and not letting go, the Bank of Bahrain cannot buy enough futures contracts to close the position.

This leaves you with nothing but a watchable future price that rises until the contract expires.

Theoretically, the price of futures can rise to infinity, so the loss of short selling is also unlimited.

Just like when the Hunter family went long on silver futures, the price of silver futures was about $2 per ounce at first, and by 1980, the highest price reached $50 per ounce, an increase of 25 times.

Suppose the short position that was short at the beginning has not been cleared out of the market, and when it is delivered by the bulls at the highest level, it will cost $2.5 billion to buy back the silver futures that have been sold for $100 million, with a loss of up to $2.4 billion.

Of course, in a few months, it will lose less than 20 times, but if the bulls are too strong, it is not impossible to rise by one or two times.

With such a huge contract volume of the Bank of Bahrain, it is too difficult to close all positions smoothly in the case of bullish momentum, and it is good to lose one or two hundred million dollars to escape.

It was precisely because of the premonition that this would happen that Barther Balin could not sit still at home, and hurriedly called a meeting of all the high-level leaders.

Curtis Bard sweated densely on his forehead, and hurriedly explained to himself: "Chairman, I'm sorry I misestimated the power of the bulls, I thought I could use our strong capital to end the battle quickly, but I didn't expect the bulls to be strong, and by the time I reacted, it was too late, and I was planning to attract more capital to join the bears." ”

"But before it was officially implemented, it happened at noon today, and it is unknown why the Howard family's Locke Fund went long. ”

"But as far as I know, Sumitomo Corporation has suffered serious losses in the LME nickel futures, LME zinc futures and LME lead futures markets in the past few days, and has withdrawn all the funds, and they must want to recover their losses in other markets, so they will increase their efforts to long LME copper futures and LME aluminum futures. ”

“G· The actions of S. Huabao Company were without warning and had nothing to do with our investment, but they caused us an abrupt trouble. ”

"Chairman, although there are many reasons for this situation, I also have an aggressive investment situation, and I am sorry for causing trouble to the company. ”

After saying that, Curtis Budd lowered his head with a look of shame, as if he had no face to see Barther Barin.

Curtis Bud urgently learned George Monroe's trick, so that Bartet Balin had nowhere to vent his anger, and almost suffocated his internal injuries.

But Curtis Budd is undoubtedly too simplistic if he wants to get rid of responsibility so simply.

Seeing that the chairman was very annoyed, President Peter Nils glared at Curtis Bard and scolded: "Curtis Bard, you have the greatest responsibility, something has happened, what you have to do is to do your best to minimize future losses!"

"What are you going to do?"

Although it was a reprimand, Peter Nils also gave Curtis Bard a chance to see if the latter could seize it and let Chairman Barrett Barin dissipate.

Curtis Bard immediately seized the opportunity and said sincerely: "Chairman, President, I think that if we want to reduce losses, we can take two steps, the first step is to create a negative public opinion atmosphere, and at the same time win over G· Companies such as S. Huabao Company that may be short join us short, and then take the opportunity to clear out the second step. ”

Curtis Budd's words are to put it bluntly, that is, to find a way to trick a few machine financial institutions into the water, and then take the opportunity to escape.

This method of stop-loss is insidious and typically self-serving.

But the capital market is ruthless and profit-oriented, and if it can really reduce its own losses, Ballyt Bahrain will definitely do it.

Ballyt Balin, who was at the top, pondered for a moment, feeling that the operation was too difficult, after all, no one was stupid, especially shrewd Jews, and it was difficult to trick them into taking over!

However, because of the divergence of attention, Ballyt Balin's anger subsided slightly, and he looked at the others and asked, "What do you think?"

"Chairman, I think it is too difficult to find an institution to take over, so I suggest taking other ways to hedge losses, such as buying spot in addition, the futures price will rise, the spot price will rise, and the profit of the spot will be used to hedge the loss of futures. ”

One executive spoke up to suggest.

No one stipulates that a short position is always a short position, and the long and short positions can be converted to each other, and the key is which side is profitable.

"Chairman, I suggest ......"

......

To be able to become a senior executive of the Bank of Bahrain, each has a few brushes, and they have put forward their own opinions, some have suggestions, and those who have not suggested have also contributed their own analysis to inspire others.

That's what Ballyt Balin called everyone to do, to gather the wisdom of the crowd to solve problems.

At the end of the discussion, everyone's opinions gradually reached a consensus, which can be summarized into three points.

The first is that the short selling has failed, and we should immediately stop continuing to invest funds in short selling, so as not to fall deeper and deeper, and we should find a way to clear the position.

The second is not to give up on entrusting people to go into the water, and find someone to take over to reduce their own losses.

The third is to open another vest, not to reverse long spot in the name of the Bank of Bahrain, and send people to major mining companies to purchase spot contracts for later transactions with metal buyers to hedge the losses of shorting.

In the meeting, their respective responsibilities were also assigned, and Curtis Bard had the opportunity to make up for his mistakes, that is, to find a way to reduce his position and exit from as hidden a position as possible.

Curtis Bard is after all a senior manager of the metals trading department of the futures department, and he knows the LME copper futures and LME aluminum futures best, and it is the safest way to keep him in charge at this critical time.

After the meeting, everyone did their part and acted immediately.

After leaving the conference room, Barrett Balin went straight to the operation room to check the prices of LME copper futures and LME aluminum futures.

Just after seeing the prices of the two, Ballyt Balin's face instantly darkened.

The meeting lasted only an hour, but the price of LME copper futures rose to $1,387/ton, and the price of LME aluminum futures rose to $2,824/ton.

Combined, the floating loss of the Bank of Bahrain rose by 10.53 million US dollars, and the floating loss reached as much as 36 million US dollars!

It is enough to see the impact of two events that happened in succession at noon on the market.

Forcibly suppressing the anger in his heart, Bartit Barrin glared at Curtis Bard fiercely, and only when the latter repeatedly assured that he would do his best to make amends, Barrett Barin left with a cold face.

The next day was Friday, and the prices of LME copper futures and LME aluminum futures continued to rise, putting pressure on the top management of the Bank of Bahrain.

Fortunately, after the market close on Friday afternoon, there will be a two-day market break over the weekend, giving Bahrain banks two days to operate.

For example, go to European countries to buy metal copper and metal aluminum spot contracts.

And the Bright Fund and the Howard family are also buying spots, and it is absolutely impossible for the two parties not to meet, or to keep the news from leaking.

The only difference is that the mood of the person who gets the news is very different.