Chapter 849 - Sumitomo Trading Company Enters the Bureau (First Update)
"Wang Qi, now start to exert your efforts, and raise the prices of copper futures and aluminum futures on the Tokyo Futures Exchange for me, and at the same time let Kazuya Fukuhara come forward and find Sumitomo Trading Company to ......."
After the call with Wang Qi ended, Xia Yu took the microphone and wanted to call George Berkeley in London again, but after thinking for a while, he found that he would wait.
The London Metal Exchange is the world's largest metal futures trading market, and the water in it is even more muddy than that of New York and Chicago, and it is easy to attract the attention of giants by jumping out of the blue, and the risk is uncontrollable, and the best way is to raise the price silently, anyway, he had told George Berkeley before, and the latter knew what to do.
Besides, as long as Kazuya Fukuhara gives his strength and pulls Sumitomo Trading Company into their long side, there will be people at the top of the London Metal Exchange.
Leave the things that attract hatred to the little devils, with the gradually arrogant mentality of the little devils in this era, I don't want to let the European and American ghost animals see their energy.
In Xia Yu's view, if you really want to settle the situation in one fell swoop, it should not be on the exchange, but on the sidelines!
What has to be said here is the speculative means of futures.
The most well-known of these speculative tactics are "hoarding" and "short selling attacks".
The so-called hoarding is to hoard a large amount of spot and buy futures contracts at the same time, so that the futures shorts cannot find enough spot to deliver, so they have to admit losses and suffer huge losses.
The so-called short selling attack is to sell a large number of futures contracts with huge financial resources, so that the futures price continues to fall, so that the futures bulls can not bear the losses, forced to admit losses, and now Philip Brothers and Salomon Brothers are using this means to try to use capital to crush the bulls led by the Galaxy Fund.
"Hoarding" is a means of attacking the bears, and "short selling attacks" are used to hit the bulls.
Either way, they try to create huge price fluctuations in the short term, so that the futures price of a commodity deviates significantly from its intrinsic value, so as to make huge profits.
But again, the most advantageous weapon in the capital market has always been capital, as long as there is enough capital, no matter how remote the ravine is, it can rush out of the torrent in a short time and drown the opponent.
Xia Yu is currently relying on capital to withstand the "short sale attack" of Philip Brothers, and even be able to put up multiple orders to fight back, forcing Albert Raphael to feel a little bottomless, and had to pull Salomon Brothers together in an attempt to defeat the bulls led by the Galaxy Fund.
If Xia Yu plans to sit firmly in the Diaoyutai, the best way is to use large capital to hoard spots, and at the same time stabilize the high price of futures, so that the bears realize that there is no hope of victory and raise their hands to surrender.
Otherwise, just by playing the number game on the exchange, as long as the margin is sufficient, you can play unlimited until the delivery time agreed in the contract.
If Xia Yu doesn't have a physical object in hand, the longer the time drags on, the more money will be invested by the Galaxy Fund, and the bigger the cake, the more tempting it will be, if he is connected to more companies by Philip Brothers and Salomon Brothers to hunt him, the risk will be too great!
Xia Yu is not arrogant enough to underestimate a group of big crocodiles on Wall Street.
It is completely different if there is a physical object, and there is the confidence to dare to fight to the end, and the qualification to lift the table.
In particular, I don't know if Philip Brothers and Salomon Brothers are too confident in their own capital, or they are also worried that there will be uncertain troubles if they drag on for too long, and the time limit for the performance of the contract is set at three months from beginning to end!
Anyway, as long as it is the delivery time, the bears cannot take out the physical delivery or the same amount of contracts to close the position, and they are waiting to be forced to close the position by the exchange.
This involves the trading rules of the futures market, which is actually quite simple.
Take soybean meal as an example to do a simulated trading of futures shorting. The process of this transaction is like this, if the seller first agrees on a contract, and the agreed price in the contract is 3,800 yuan/ton, the contract has a performance time limit, such as three months.
In these three months, if the price of soybean meal has dropped to 3,500 yuan/ton, if you are the seller in the contract, and your contract has been agreed that you can perform the contract at a price of 3,800 yuan/ton at any time during the three months, then you can buy 3,500 yuan/ton of soybean meal or contract in the market and sell it to the buyer in the contract, so that you have completed a short transaction.
The price difference of 300 yuan/ton in the middle is the profit of shorting.
Of course, if the lowest price of soybean meal in these three months is 4200 yuan/ton, then it means that the short failed, and if you are lucky to seize the lowest price of 4200 yuan/ton, you will buy physical soybean meal commodities to deliver, and you will lose 400 yuan/ton, and if you are unlucky, you will lose more.
Generally speaking, when doing futures, gambling is vision.
Of course, theoretically, as long as the capital is sufficient, what big momentum can be forcibly reversed.
Thinking of this, Xia Yu dialed the phone number of the chairman of Xiangjiang's office again, and the answer was Huo Jianning, Xia Yu asked him to notify the relevant companies to select personnel to prepare for departure, and at the same time urged the economic research office of Jiuding Newspaper Company, as well as Jiuding Business Research Institute, one of the three major think tanks, to sort out the research reports on the global copper and aluminum industry as quickly as possible.
As soon as the order was issued, the Jiuding Consortium began to speed up its operation.
In the next few days, with the addition of Salomon Brothers, the battle became more and more intense, attracting a large number of attention, including financial predators, economic media, and melon-eating people.
Fortunately, the Galaxy Fund is registered offshore, and the legal person who was pushed to the stage is also Liu Zheng, who is far away in Xiangjiang, has nothing to do with Xia Yu on the surface, and Xia Yu has not been exposed by the media in the public eye.
But in the face of the malicious criticism of some arrogant nationalist media, Xia Yu endured it not without temper, and ordered Yan Wenhan to command his media to join, stirring the water more and more muddy, and the war of words between the media was fierce.
Two days later, Xia Yu received bad news from George Berkeley in London.
George Berkeley claimed that Baring Bank was shorting copper and aluminum futures on the London Metal Exchange, and was quite adamant, and according to reports from his subordinates, he also saw the top management of the futures department of Baring Bank enter the London branch of Philip Brothers, and the top management of the futures department of Baring Bank left almost a morning.
The addition of the Bank of Bahrain was completely unexpected by Xia Yu, but things have happened, and the only thing that can be done is to respond positively.
After telling George Berkeley to arrange for the vest to come forward to take over, Xia Yu had no choice but to make a few more phone calls one after another.
......
At the Celux Club in Tokyo, Kazuya Fukuhara and a middle-aged man in his forties soak in a steaming hot spring pool, with a small table by the pool, on which many snacks and drinks are placed, and three beautiful girls rub their shoulders and backs on each side, pour wine and feed snacks.
"Fukuhara-kun, thank you for your hospitality, I wonder if you invited me here today, do you have any advice?"
Keigo Sumitomo, who was in his forties, with his head and hair on his chest, enjoyed a gentle and refreshing massage, looked at Kazuya Fukuhara with a smile and asked.