"Jacob, looking at the current situation, it is almost irreversible, even if we do it ourselves, the funds needed are very large, we can't raise them in a short time, and when we raise the funds, the situation will be even worse. ”

Evelyn Rothschild shook her head slightly and sighed.

The threat to Sumitomo Trading Co., Ltd. did not succeed, but it backfired them, and Sumitomo Corporation's liquidity after the financial contraction would be more abundant, but it would be more difficult to deal with.

Coupled with the fact that the Howard family has clearly joined the long camp, the strength of the long bears in the UK LME copper futures and LME aluminum futures markets is very different, and the bears have lost ground.

Just a bright fund has defeated the Bank of Bahrain, and now with the Howard family and Sumitomo Trading Company, which are also strong with the Bank of Bahrain, the Bank of Bahrain has no chance of winning.

The only way to survive is for the bears to immediately add three or four giants of equal strength, and they must have funds ready to gradually regain their disadvantage.

With London's status as an international financial center, it is not difficult to find such giants, but the difficult thing is how to let them end.

According to the current bad situation for bears, unless the head of a financial institution has his brain, he will rush in.

For the Rothschild family, the situation at this point can be summed up as out of control.

"By the way, Jacob, Sidmund Munge also tested me today and asked me if I would short LME copper futures and LME aluminum futures. ”

Evelyn Rothschild suddenly remembered the morning at G· What happened to S. Huabao, hesitated for a moment, and said to Jacob Rothschild.

Jacob Rothschild heard the meaning of his cousin's words, frowned and thought for a moment, shook his head and said: "Evelyn, this is almost impossible, Sidmund will not take this risk, he is already old, the Warburg family can't afford too much setback, and wants them to enter the stadium as well, unless we take the lead in person." ”

His cousin was an old friend of Sidmunger Warburg and knew him better, and when he said this, Evelyn Rothschild knew that there was nothing he could do.

Their Rothschild family will never go short, so this road has been sealed.

Can we just watch the Bright Fund win?

"Okay, Evelyn, things have come to this point, we can only count on the Philip Brothers company to play on their own, we have made a little money anyway, now keep an eye on the Bank of Bahrain, now it is estimated that the Bank of Bahrain is not calm. ”

When Jacob Rothschild talked about the Bank of Bahrain, his eyes narrowed subconsciously, and he secretly calculated in his heart.

Evelyn Rothschild was stunned for a moment, and nodded silently.

At this point, we can only get as much benefit as possible.

As Jacob Rothschild said, after learning that the Howard family had entered the market and Sumitomo Trading Co., Ltd. was optimistic about the end, the management of the Bank of Bahrain panicked.

And the Bahraini family couldn't sit still at all.

Meeting Room, Bank of Bahrain Headquarters Building, City of London.

The door of the conference room was open, and the senior management of the Bank of Bahrain walked in one after another, only to perceive the oppressive atmosphere in the conference room, and when they saw that it was not the president Peter Niels, but the chairman of the board of directors, Barrett Balin, their hearts were terrified, and even the footsteps were subconsciously lightened, and they silently walked to their respective positions.

"Who hasn't arrived?"

Bartt Balin glanced around and saw that there were still a few empty seats, so he looked at Peter Niels, who was sitting next to him, and asked in a deep voice.

Although he is the chairman, he still does not know as much about the company as the president of the bank he appointed.

Peter Nils had been silently counting the heads for a long time, and when he heard the chairman's inquiry, he immediately replied: "Chairman, the executives in London have arrived, and there are several high-level executives who have gone abroad on a business trip." ”

Ballyt Balin nodded and said in a deep voice: "Then the meeting begins, you will preside over it!"

"Okay!"

Peter Nils responded, and then said: "Some executives should not know why the meeting is held, so I will briefly explain the basic situation to you first." ”

At 1:14 p.m., Sumitomo Corporation released a research report again, claiming that the current prices of LME copper futures and LME aluminum futures are seriously undervalued, and predicting that in the next six months, the demand for copper metal will increase by 40 percent, and the demand for aluminum metal market will increase by 38 percent. ”

"Subsequently, Sumitomo Trading Co., Ltd. once again opened a position at a high level......

"At 1:40 p.m., the LME copper futures and LME aluminum futures markets entered a long position again, and after inquiry, it was the Locke Fund controlled by the Howard family, and the strength of the long was very strong, and the attitude was extremely ......resolute."

As Peter Nils continued to tell, the faces of the executives who didn't know the situation became solemn, and the executives who knew the news subconsciously looked at someone in a special position.

I saw that the middle-aged white man had a solemn face, and his eyes were distracted, and he didn't know what he was thinking.

"That's the basic thing. ”

Next, I would like to ask Manager Curtis Bard to talk about the investment status of LME copper futures and LME aluminum futures. ”

Speaking of which, Peter Nils looked at Curtis Bard calmly, and the others also focused their eyes on him.

Curtis Bard is a senior manager in the metals trading department of the futures investment department of the Bank of Bahrain.

Curtis Bard woke up like a dream, took a deep breath, opened the prepared detailed investment registration form, and read with a shameful face: "At present, we have invested 749 million US dollars to short these two futures, of which LME copper futures sold 11,890 lots, worth 393 million US dollars, and the average selling price was 1,322 US dollars / ton. “

"LME aluminum futures sold 5,280 lots, worth $356 million, at an average price of $2,697 per tonne. ”

At this thought, Curtis Bard paused for a long time.

Barther Balin, who was sitting on the top, looked at him coldly, and said in a deep voice: "Loss!"

Curtis Budd was slightly shocked and continued: "As of 2:15, the LME copper futures price was $1,368 per ton, a loss of $13.67 million. ”

"LME aluminum futures price of 2,787 US dollars / ton, a loss of 11.88 million US dollars. ”

"The total loss is $25.55 million. ”

"That's all there is to it, debriefing. ”

With that, Curtis Bud looked down at the table, as if there was something on the table that attracted him.

After hearing this figure, there was some commotion in the venue, and many people's eyes wandered between Curtis Bard and Bartlett Barin, secretly speculating about the chairman's attitude.

Peter Nils looked at the chairman and found that his face was cold, and there was no tendency to speak immediately, he looked at another person and said: "Manager George Monroe, the evaluation report given by your risk assessment department shows that LME copper futures and LME aluminum futures are overvalued, and the risk of shorting is low, and you have seen the real situation now, what do you want to say?"

The main responsibility of the risk assessment department is to conduct risk assessment of the large-scale investment plan submitted by each department, and give a professional evaluation report, and then submit it to Peter Niels, who will decide whether to sign and agree to the investment.

The Bank of Bahrain's risk assessment department has always been very well-run and very tightly controlled, with very few misassessments, so Peter Nils is reassured about it.

When George Monroe submitted the evaluation report before, Peter Nils directly signed and agreed to Curtis Bard's investment plan after reading it.

Peter Niels, as the president of the bank, is responsible for the affairs of the entire bank, and it is impossible to do everything himself, the main focus is on management and operation, and most of the time the specific investment affairs are the responsibility of the following departments.

Now that something has happened, of course he is also responsible, but mainly the leadership responsibility, and the heaviest responsibility falls on Curtis Bud and George Monroe.

George Monroe stood up, bowed to his head with a guilty face, and said to himself: "Chairman, president, I'm really sorry for causing big trouble to the company because of my department's lax control." ”

After apologizing, he went on to explain: "At that time, when we conducted the risk assessment, we had already collected the situation of the global market, and at that time, Sumitomo Corporation and Locke Fund had not entered the long market, and the US futures market was dominated by bears, and the production of copper and aluminum metal metal was indeed increasing, so my department thought it was profitable and made that low-risk assessment report." ”

"But looking back now, there is a fatal loophole in our department's evaluation report, that is, we have not found out the real strength of the Bright Fund and the American Galaxy Fund, even if we exclude Sumitomo Trading Company and Locke Fund, in the futures market, after the Galaxy Fund has made efforts, we have fallen into a disadvantage. ”

"What's more, Philip Brothers is under tremendous pressure in the United States, which has led to a decline in funding in London. ”

"My department has greatly underestimated the power of the bulls, and I am willing to take on this responsibility. ”

George Monroe's attitude was much more sincere than Curtis Bard's, and he first admitted his mistakes and then explained them in place, and he was also very responsible, which made Bartit Balin and Peter Nils angry a little.

However, the pressure is again tilted on Curtis Bard, senior manager of the metals trading department.

The latter's face turned very ugly, and his brain was racing wildly, wondering what reason to find to relieve himself of his responsibilities later.

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