Chapter 51 Re-entry Futures Gold Trading

PS: Thank you very much!

After a night of rest and adjustment, the next morning, Andrew, who was rejuvenated. First of all, I contacted the account management personnel stationed in Hamdan in Dubai and asked about the preliminary preparations such as the opening of futures accounts.

The resident account manager in Dubai replied to Andrew: The preliminary preparations such as the opening of a futures account have been completed and can be traded at any time.

After getting a positive answer. Andrew asked them to get ready, and at 1 p.m. they met at Citi Futures on the New York Futures Exchange to officially enter trading.

After that, a second group of trading operators was summoned to control the 10 shadow investment companies. Arrangements were made for the opening of positions in the Gold No. 1 Investment Fund.

The opening capital of the gold No. 1 investment fund is 800 million Hong Kong dollars, about 150 million US dollars. 10 shadow investment firms, each with an investment account, allocated $15 million.

Andrew arranged, for each investment account, to retain $5 million. Invest $10 million in the futures gold margin account, 15 times leverage, raise $150 million, and buy June and August futures gold sell orders at the current price.

At 1 p.m., Andrew and the first group of operators met at Citi Futures and the resident account managers in Dubai.

Arrangements were transferred to $400 million, and a futures margin account opened in Dubai, with 15 times leverage, raised $6 billion. Contacted Mr. Pete, a futures broker, to enter the trade.

Today's gold futures price trend is still maintaining a slight shock trend. Futures gold prices fluctuated around yesterday's close of $137.6 an ounce.

Futures gold is now trading at $137.5 an ounce. Today's high is $137.7/oz and the lowest is $137.4/oz.

Andrew did not delay in this price trend situation, and directly placed a trading order to Mr. Pete, a futures broker. Buy $500 million of June and August futures gold sell orders at the current price.

Half an hour later, a $500 million sell order for June and August futures successfully bought 36,000 lots at a price of $137.5 per ounce. At this time, the futures gold trading price rose by $0.1 to $137.6 per ounce under the impetus of many parties.

Seeing this, Andrew placed another trade order to buy a sell order for June and August futures of $1.5 billion at the current price.

One hour later, a $1.5 billion sell order for June and August futures successfully bought 108,000 lots at a price of $137.6 per ounce.

At this time, the momentum of the bulls was basically exhausted, and they were unable to push the futures gold trading price up, maintaining the price of $137.6 per ounce.

Seeing that the momentum of the bulls was insufficient, Andrew did not issue any more orders to trade in the following time. Until the close, the price of futures gold remained at $137.6 per ounce.

Back at the hotel, Andrew reviewed, today's futures gold price trend and volume comparison. In general, today's trading situation, whether it is the trading price or the trading volume, can be described by the word "unwavering".

In the evening, the second group of trading operators reported their trading situation. At a price of 137.6 US dollars per ounce, 108,000 contracts of June and August futures gold sell orders were successfully bought.

The next day, Wednesday morning. Gold futures opened at $137.7 an ounce when Andrew placed an order to buy $1 billion of gold futures for June and August at $137.6 an ounce.

The transaction was completed quickly, and in less than 10 minutes, the transaction was completed. Andrew's gold futures price remained above the opening price of $137.7 an ounce. Immediately, place another trade order to buy $1 billion of June and August futures gold sell orders at a price of $137.6 per ounce.

The transaction again will not go very smoothly. After a turnover of $300 million, the price of futures gold could not be supported and fell to $137.6 per ounce. It wasn't until noon that the second $1 billion sell order was finally completed.

Seeing this, Andrew stopped trading.

In this way, at a price of 137.6 US dollars / ounce in the morning, 144,000 contracts of June and August futures gold sell orders were successfully purchased.

In the afternoon, the futures gold price fell to $137.5 per ounce, and the bulls did not resist strongly and closed at this price.

Back at the hotel, Andrew reviewed today's plate. A corollary was drawn: judging from the actions of the long and short sides, the strength of the long side is relatively weak, and the fact that it can support this price is actually because the short side has not exerted its strength.

In such a situation, it is estimated that today's futures gold prices are likely to be unsupportable. Andrew thinks that he still has $2 billion on hand, and before the market opens tomorrow, he will directly hang the price of $137.5 per ounce to see if he can complete the transaction.

Thursday morning. Before the market opened, Andrew gave a trading order to Mr. Pete, a futures broker. Directly linked to the price of $137.5 per ounce, buy $2 billion, 144,000 lots of June and August futures gold sell orders.

Fortunately, before the opening, the bulls also wanted to rush the price of futures gold before the opening, and arranged a buy order of 300,000 lots at the price of $137.5 per ounce. At the price of $137.6 per ounce, a buy order of 100,000 lots was arranged.

Therefore, after the market opened, Andrew ordered to buy 144,000 lots of June and August futures gold sell orders. In a matter of minutes, it was all closed.

The price of futures gold at $137.5 per ounce did not support it until midday, when it fell to $137.4 per ounce.

In the afternoon, futures gold moved significantly to the downside, closing at $137.2 an ounce. It fell by $0.3 throughout the day.

At this point, the futures gold trading in the United States has basically ended.

The $100 million fund of Gold No. 1 Investment Fund opened 108,000 sell orders for June and August futures at a price of $137.6 per ounce.

Dubai's $400 million construction fund opened 252,000 contracts of June and August futures gold sell orders at a price of $137.6 per ounce.

At a price of $137.5 per ounce, 180,000 contracts of June and August futures gold sell orders were opened.

On Friday's futures gold trading day, Andrew watched the market all day with the mentality of a bystander.

Friday's futures gold price trend, in the case of no action by the main force of the bears, the bulls still did not recover their losses, and still closed at the same price as Thursday.

Looking at the market situation on Friday, the momentum of the bulls is getting weaker and weaker, and it is almost unsupportable. On the contrary, the bears seem to be deliberately maintaining the current futures gold price range.

This is a bit abnormal, as if both the bulls and bears are waiting for some news. In this case, Andrew, who has memories of his previous life, is still very confident and is not worried about the impact of the news.

I even thought about whether to stay in New York for a period of time to see what kind of news could make the long and short sides jealous of each other and dare not let go. It's a bit of a lively mentality.

On Saturday morning, my father, Allen, called from London. It turns out that the family's investment fund has already gone through the preliminary preparations such as registration.

Next Sunday, Smith Investment Funds and four upper-class business families in London will sign a "Entrusted Investment Agreement" to clarify the rights and obligations of both parties.

Before the signing of the "Entrusted Investment Agreement", the father Allen needed Andrew's participation and determination of the terms of the rights and obligations of both parties in the "Entrusted Investment Agreement".

This is a big family matter, and Andrew certainly can't delay. I had no choice but to arrange for the operation and trading staff in New York to pay attention to news reports and news in the futures market while keeping an eye on the market. If there is important news leaking out, it is necessary to notify him in time.

After arranging matters for New York, Andrew departed for London on Monday afternoon.