Chapter Fifty-Four: Good News and Bad News from New York
PS: Thank you very much!
On Monday night, Charlie and Jardine Matheson urgently reported to the Jardine Matheson headquarters in Hong Kong that the price of futures gold had plummeted, and the futures account had lost $300 million, and asked for instructions on the future operation strategy.
After receiving an urgent report from New York, the Hong Kong Jardine headquarters was shocked, and after urgent consultations, in order to stop the further expansion of losses, it was decided to close the position and withdraw first. As for the loss of principal, Jardine headquarters will raise funds again.
On Tuesday morning, news reports about yesterday's $3 per ounce drop in futures gold prices were the subject of headlines on the front pages of today's financial newspapers. Various analytical commentaries have more or less mentioned the impact of the (CPI) index on the price of futures gold.
Among them, an analytical commentary by an economic expert of the Morgan consortium is somewhat similar to Andrew's view. According to this commentary, gold has no reinvestment function, and the concept of holding gold to preserve its value is a passive defensive investment option.
Comments such as these, taken together, tend to be biased against the future price of gold.
For these comments that depreciate the future price of gold, Andrew still likes it very much, this is a free public opinion boost! Once these public opinions become the mainstream consciousness, then the price trend of futures gold will accelerate downward.
And Tuesday's futures gold, the intraday price trend, seems to have been affected by public opinion. At the opening, it fell to $0.4, and there was a surge of sell orders during the session.
Charlie and Jardine Matheson, in accordance with the order of the Jardine Matheson headquarters in Hong Kong, began to close all the buy orders held after the market opened on Tuesday.
Due to the influx of intraday sell orders, the closing operation was very unsmooth, and the price of buy and sell orders had to be lowered again and again. When the liquidation was completed, as soon as the statistics were made, I vomited blood in the bottom of my heart! Today I lost another $60 million.
Although he vomited blood from the bottom of his heart, it was already like this, even if it was bad news, it had to be transmitted back to the Jardine Matheson headquarters in Hong Kong!
By the end of the afternoon, the price of futures gold closed at $130 an ounce, down $3.1 an ounce throughout the day.
And Andrew's side, futures gold fell sharply for two consecutive days, and the initial foundation was laid for the success of the investment of the Gold No. 1 Investment Fund and Dubai Construction Fund. And last year's investment was the icing on the cake.
Such good news, of course, had to be transmitted back to the rear headquarters.
HSBC's Shen Bi was the first to hear from New York. Yesterday, he had received a report from the dark line, the bad news from his rivals, Charlie and Jardine.
Charlie and Jardine Matheson invested a total of about $800 million in principal. Now I hold a futures gold buy order, a loss of $300 million. More than 30% of the principal is lost!
And the investment fund he cooperated with Andrew held sell orders. Charlie's loss means a profit on his side. The relative gap between the two sides is widening, what a joy to be made today, and we should celebrate today!
And as soon as I got to work today, Andrew's good news came, and the amount on it made Shen Bi even more excited. "More than $39 million book surplus!", $35 million principal, 110% return on investment.
On the side of the competitor Charlie, more than 30% of the principal is lost. The relative gap between the two sides has reached 140%, and it seems that the hope of competing for HSBC's Taipan is 80% certain.
Henry in Hong Kong, as soon as he went to work, received good news from New York. "Gold No. 1 Investment Fund has a floating profit of more than $80 million. ”
Henry, who was overjoyed, immediately called Little Peter to come to his office and share the joy together.
Before Peter could say hello, Henry's delightful and eager voice came from the microphone, "Peter, come to my office!", and then he heard a blind voice after the phone hung up.
Peter, who didn't know what to do, put down the phone in amazement and hurried to Henry's office.
The door to Henry's office was wide open, and at a glance it was clear that Henry was pacing around the office with his head down with his hands behind his back, contemplative circles.
Seeing the little friend, there are some abnormal behaviors. Peter, who walked into the office, greeted Henry with concern, what happened?
Hearing Peter's greeting, Henry, who turned around, laughed and gave Peter a warm hug. Xiao Xie responded: "Thing, good thing!"
Henry let go of his embrace, pulled Peter, sat down on the couch, and recounted the good news from New York.
"Ah, the Gold No. 1 Investment Fund has a floating profit of more than $80 million!" Peter couldn't help but jump up from the sofa when he heard this amount, his face full of incredulity.
This cannot be blamed on Peter, who reacted so strongly. He didn't care much about financial investment before, although when he was in the United States, he often heard about the news of Wall Street investment making a lot of money. At that time, it was none of his business, and Peter did not have much personal experience with such news.
But now, the establishment and sale of Gold No. 1 Investment Fund is a hands-on experience. The investment operation of the fund is a matter of one's own life!
With a principal of $100 million and 10 days of investment operation, there has been a floating profit of more than $80 million. This made Peter feel first-hand the performance of Andrew's investment genius.
When the good news from New York reached Dubai, even Hamdan, who was accustomed to seeing large sums of wealth, could not but rejoice! With a principal of $500 million and 10 days of investment operation, he had already made a floating profit of $380 million!
Think about it, the emirate of Dubai, which is desperately digging for oil and engaging in trade, has a total annual income of four or five billion US dollars, and a net income of less than 1 billion US dollars. Hamdan sighed: A genius's investment performance can be compared to Dubai!
Seeing that the situation was decided, Andrew decided to return to London.
The "Entrusted Investment Agreement" on the side of the family fund has been signed. A total of £200 million was commissioned. Recruitment for the investment department has already begun. Andrew is needed to preside over the formation of the investment department.
For the investment direction of the family fund, Andrew chose to invest in the project of real gold in London. This time, he will deploy two people from the New York operations staff who have been involved in real gold trading in London to support the formation of the family fund's investment department.
In addition, it is the establishment of overseas trading companies in Hong Kong and Liverpool arranged last month. Hong Kong is relatively smooth, and preparations for the formation have begun. And Liverpool, who is not familiar with the place, needs Andrew to come forward and communicate with Emma's family about cooperation.
By noon on Wednesday, Andrew returned to London with two support staff. Walking out of the airport, the three of them did not delay and took a car directly to Smith Investment Fund.
Andrew arranged for two support staff to join the Investment Department to temporarily lead the transaction guidance and training of the Investment Department.
In a meeting with his father, Allen, he communicated the formation and initial operation steps of the investment department.
The investment department recruits investment personnel for one month of trading training. From the process of trading training, the ability of investment personnel is screened and assessed again. From April, it is possible to arrange a small amount of on-the-spot practice trading operations in the London gold market.
Arrange for the Smith Investment Fund to be accounted for. It was 4 p.m., and Andrew said goodbye to his father and returned home early.
Back home, Andrew ushered in the nagging of his mother Ruth. For Andrew's £1 million donation, although the mother was a little heartbroken, her heart was more relieved and grateful. The charitable use of the £1 million donation will help many people and improve their hardship.
In the evening, Andrew called Emma's family. and Emma's father, Wilson's husband, negotiated overseas trade cooperation. The specific follow-up matters will be handled by the handler.