Chapter 28 Investing in New York Gold Futures3

On Sunday night, Andrew was answering a call from Mr. Henry in Hong Kong. The main thing is that Mr. Henry reported on the withdrawal of funds from the stock market last week.

Last week, the Hong Kong stock market continued to rise slightly, and about $45 million of funds were withdrawn from the stock market, which will be transferred to various fund accounts in New York on Monday.

At that time, the 10 shadow investment firms will have $7.5 million in each account, and the accounts of the successful investment companies will also have $79 million in reserve funds after deducting the margin that will be made up on Monday. It's more sufficient.

Although the current gold futures position is in a floating loss state. But Andrew began to look forward to the time of next week's gold price reversal, and try to delay it as much as possible, preferably until next week, and then start the price reversal. In this way, the exit funds from Hong Kong's stock market can be transferred into tens of millions of dollars again.

Moreover, the current direction of public opinion has begun to lead the market to long gold prices, and such a public opinion layout indicates that bulls are ready to pull up the goods.

The cost of raising a long price is around $143, and if you pull up to $146 for a shipment, you have a profit of $3, two percent, magnified to 15 times leverage, and a profit of 30 percent, which is not wrong.

Since the bulls are ready to pull up the goods, the first three days of next week should be the stage of pulling up. It is possible to carry out short-term arbitrage, and the operation is long.

Andrew thought about the strategy for the first three days of next week.

Monday arrived. In the morning, Andrew contacted the operators of the second group and issued an instruction that the futures accounts of 10 shadow investment companies can be opened today.

The operation strategy is: each futures account invests $7 million in margin, 15 times the financing leverage, and raises $105 million. Pending buy order, cross position to buy the current main contract. However, Andrew asked that when operating to buy orders, it is necessary to control the rhythm and focus on small and medium-sized orders.

In the morning, before the opening of the futures exchange. Andrew withdrew most of the funds in the settlement accounts of the fund company and the investment company respectively and invested them in the futures margin account.

So far, there is $1.2 million left in the settlement account of the fund company. There is $9 million left in the settlement account of the investment company.

After the market opened on Monday, the price of gold opened slightly higher at $144.6 per ounce, and the main bulls did not exert their strength. After a half-hour of consolidation, the price was lowered to $144.5 per ounce.

Seeing this, Andrew issued an operation instruction to Mr. Pete, a futures broker.

The futures margin account of the fund company raised $150 million with 15 times the leverage invested before the market opened, and bought 10,000 contracts of the current main contract at the spot price.

Successfully invested in the company's futures margin account, with the $70 million invested before the market opened, 15 times the leverage, raised $1.05 billion, and bought 70,000 contracts at the current spot price.

Gold has been uneventful in the morning, moving up and down between $144.5 and $144.6.

Andrew contacted the operators of Group 2 at noon to find out about their gold futures openings. The operators of the second group replied: All of them bought more orders at the current price, and everything went well.

In the afternoon, the main bulls began to intervene, and several long orders of 500,000 lots were placed, so that the price of gold stabilized at $144.6.

After that, two million lots of long orders were placed, and the price of gold jumped to $144.7.

Investors who were still waiting and watching, saw that the main force of the bulls began to exert force, and the bears were weak to resist, so they began to buy small long orders. The price of gold also held steady at $144.7.

Seeing this situation, the main force of the bulls was several million lots of long orders, and the price of gold jumped to $144.8.

As the price of gold rose to $144.8. Investors who watched saw the strong performance of gold's bullish trend in the afternoon, and also began to follow the trend and buy long. The bulls' main force occasionally put out hundreds of thousands of hands and millions of long orders, so that the price of gold quickly broke through the $145 mark.

It peaked at $145.5 and by the end of the afternoon, gold prices were last trading at $145.3 an ounce. Gold prices rose by $0.8 per ounce throughout the day.

And Charlie, who just flew to New York at 2 o'clock this afternoon, learned about today's gold price trend. Regardless of the fatigue of the journey, he immediately went to the futures exchange and completed the futures procedures. Charlie and his entourage then entered the market to observe and analyze the trend and transaction of gold prices.

Half an hour before the end of the day, Charlie and Jardine Matheson's operators observed the conclusions of the analysis. The two parties who reached a consensus began to buy long orders at the price of $145.3 per ounce. By the time of closing, a total of 100,000 long orders were bought.

The financial press on Tuesday morning continued to trumpet comments that gold prices would continue to rise. It is expected to drive more ordinary investors' enthusiasm to invest in gold.

With the guidance of public opinion, the price of gold on Tuesday is still strong. As soon as the market opened, millions of long orders were placed, and the price of gold jumped to $145.5. Gold prices then rose strongly, briefly breaking through to $146 an ounce before closing at $145.8 an ounce. The overall increase was $0.5 per ounce.

The operators of Jardine Matheson are in a happy mood today. In early trading, I bought 40,000 long orders at a price of $145.5 per ounce. And judging from today's market, the rise in gold prices after that can be expected.

But Charlie's mood was a little depressed. The rise in the price of gold, he was pleasant. But yesterday morning, the news that Andrew bought more than 10,000 lots made Charlie's good mood discounted.

The position of the fund company was held after Andrew bought more than 10,000 lots. Of the original 21,000 short orders, 10,000 short orders can be hedged and hedged. If you want to make the fund company reluctant to cut its position and take the opportunity to hit Shen Bi, its desire to hit Shen Bi has also failed. Therefore, you can only fight for investment strength, but fortunately, Charlie's 100 million Hong Kong dollars assessment funds are now in a state of floating profit, which is much better than Shen Bi's situation.

At this time, Andrew was still analyzing and adjusting the short-term forecast height of gold prices. According to the current bullish momentum in the gold market, the height of $146 originally predicted seems to be adjusted.

However, Andrew still sticks to his forecast on the timing of the gold price reversal. Regardless of how high the price of gold rises this week, all long positions held must be closed before the close of trading on Friday.

Wednesday morning's financial news, as always, touted comments that gold prices would continue to rise. And the fact that the price of gold has indeed been rising in the past few days, the majority of ordinary investors have begun to recognize the comments and reports on the financial news. The enthusiasm for participating in gold futures has been adjusted.

Wednesday's gold price trend, continuing Tuesday's upward trend, in the bulls or the main force of hundreds of thousands of long orders to buy, coupled with many ordinary investors to follow the trend to buy, throughout the day to maintain an upward trend, gold prices at Wednesday close, closed at $146.4 / ounce. Trading volume was significantly larger, and the price of gold rose by $0.6 per ounce throughout the day.

At noon, Andrew took the initiative to withdraw the remaining $1.2 million from the fund company's settlement account and put it into the futures margin account, making up the margin amount in advance.

Charlie and Jardine's operators, in a good mood. In two full trading days, the futures account has made a floating profit of $14 million, with a profitability of 7%. To this end, they reported the good news to the Jardine headquarters in Hong Kong, and urged the follow-up funds to be in place in advance.

And the Jardine headquarters in Hong Kong is also very helpful, arranging for $300 million to be transferred to New York on Thursday morning. On Friday morning, the rest of the funds will also be fully funded. For Charlie to operate a long order to buy gold futures.

Andrew, on the other hand, is paying attention to the trading volume. Judging from the gold price chart drawn by himself, the comparison of gold price trend and trading volume on Wednesday shows that some of the chips of the main bulls have begun to close and transfer. The baton is mostly carried out by ordinary investors who believe in the comments of public opinion.

Andrew calculated the amount of chips held by the main bulls, and if the trading volume on Wednesday was maintained, it would only take seven trading days for some of the bulls' chips to be closed at a high level.

There are still 2 trading days this week, and if there is a strong public opinion propaganda in the weekend two days, then next Monday, there is a very high probability of a price peak. The long-short reversal is imminent!

Before the market opened on Thursday morning, the $300 million fund from the Jardine Matheson headquarters in Hong Kong was in place, and Charlie and Jardine Matheson's operators immediately transferred $300 million to the futures margin account. After the market opens, it will go all out to buy long.

PS: Dear book friends, please collect, ask for recommendations!