Chapter 27 Investing in New York Gold Futures2

Over the past six trading days, the company's futures gold holdings have lost $1.5 per ounce. Total floating loss of $11 million.

After 6 consecutive trading days of decline, the mentality of the following operators has been somewhat unstable. The mentality of the operators of the investment company is just depressed and lost.

The operators stationed by the fund company HSBC began to doubt Andrew's investment ability and direction judgment. If Andrew's investment fails, Shen Bi will not be elected to the chairmanship of HSBC. And as Shen Bi and his family, their future in HSBC is worrisome.

People with flexible minds begin to think about the way forward and prepare for it. Do you want to show Shen Bi's rival Charlie. Tell him that some fund companies have invested in futures and gold positions in the past 6 trading days.

Andrew knew a little about the mentality of the operators below, but he didn't take it to heart. In Andrew's mind, the alternation of profits and losses in the investment process is a normal thing, as long as the general direction is correct and the capital chain continues, it is still a victory in the end.

Thursday morning continued the upward momentum of Wednesday afternoon, and at the time of the opening, there were several million buy orders, and the price of gold briefly rushed to a high of $144.6 an ounce. After that, it remained at $144.5 per ounce and consolidated around the price.

In the afternoon, the upward momentum of gold prices slowed and closed at $144.4 an ounce.

Friday's trading was relatively flat throughout the day, with the bulls slightly stronger, and gold prices closed at $144.5 an ounce.

This is followed by a two-day weekend break.

As of Friday, the fund company's futures gold holdings have lost $1.8 per ounce in eight trading days. Total floating loss of $3.8 million. The total investment is 35 million US dollars, with a floating loss of 11%.

In the past eight trading days, the company's futures gold holdings have lost $1.7 per ounce. The total floating loss is more than $11 million. Citi Futures has sent another notice to replenish the margin.

On Saturday, most of the mainstream comments in the financial newspapers in New York were that gold prices have stabilized and rebounded for two weeks, and gold prices will come out of the bottom pattern and enter an upward channel, and how many highs will be reached by the end of the year.

Affected by these public opinion comments, the mentality of the following operator team was hit.

Among the operators dispatched by the fund company HSBC, those who are willing to leave behind the road are beginning to move.

And Shen Bi's competitor Charlie also has the heart to explore the specific situation of the fund company's investment in gold futures. The premise of understanding the opponent and attacking the opponent is to know oneself and the other.

The contact between the two interested parties happens naturally. The specific situation of the fund company's gold futures investment has also been leaked.

Shen Bi's competitor Charlie, after receiving the specific situation of the fund company's gold futures investment, launched a specific analysis.

Charlie's investment professionalism is still good. After reviewing a large number of previous gold price trends and data, and then synthesizing the current development of the world economy, we have come to the same conclusion as Andrew:

The current upward trend in gold prices is just a bottoming out rally from the sharp decline in the previous nine months. The overall gold price trend is downward. As for the public opinion comments in the newspapers, the price of gold will enter an upward channel in the future, which is not credible. It's just a small trick to deceive ordinary investors.

As for the height and timing of gold prices in this bottoming rally, Charlie and Andrew's predictions have been skewed.

Charlie's rough prediction of the height and timing of this bottoming rally is that gold will rebound to around $152 an ounce by the end of the year. But the $152 per ounce mark is hard to cross.

Andrew, based on the memory of his previous life, made a rough prediction: next week, the price of gold will reverse, and the height of gold in this bottoming rally will not exceed $146 per ounce.

Charlie, who is cautious by nature, once again carefully checked the relevant information, reviewed his own thinking, and came to the conclusion that the overall trend of gold prices is still a downward trend, and now it is just bottoming out.

For Shen Bi's collaborator, Andrew Smith, Charlie still spent a lot of effort and collected relatively complete information. I still admire Andrew's ability to invest very much. Self-made, he was successful in writing novels as a teenager. Starting with a remuneration of three or four hundred thousand pounds, it took eight years to earn a wealth of more than 500 million pounds. It's a miracle of capital.

Although Charlie agrees with Andrew's judgment on the general trend of gold, he absolutely disagrees with the fund company's operation plan to buy gold futures. It's too rough, too eager to get it done. It doesn't look like Andrew's plan for the miracle of capital, and there must be other details in it.

Thinking of this, Charlie contacted the clerk in New York and asked him to ask the person at the fund company for the details of the fund company's gold futures operation plan.

On Sunday morning, a detailed report on the development of the fund company's gold futures operation plan was delivered to Charlie. After reading it, Charlie understood.

I see. The general direction of gold futures operations is determined by Andrew, and the specific operation plan is formulated and implemented by the following operators. Moreover, Andrew's futures investment operation has two groups, and the fund company is one group on the surface. The other group of people are all successful investment companies, and one group operates separately, doing things more secretly, and the specific situation is unknown.

In this regard, Charlie empathized with Andrew and the intention of formulating the gold futures operation plan of the fund company, and from his own cognition, the purpose of this was done. 1. Cultivate subordinates: increase the experience of futures operation of subordinates, and give them the experience of failure and subsequent success. 2. Understand the specific abilities of subordinates through practical operation. 3. Give his collaborator Shen Bi a deep understanding that relying on the investment ability of his Shen Bi's cronies cannot be done alone.

Charlie, after empathizing with his own cognition, thought he had figured out Andrew's intention to treat the fund company in this way. Charlie didn't want to get involved in Andrew's successful investment company, he didn't want to have trouble with Andrew.

His competitor is Shen Bi, as long as the fund company's investment profits are blocked, then Shen Bi will lose his qualification to compete for HSBC's Taipan.

Now there is such an opportunity to hit Shen Bi in front of him, and the fund company has lost 11% in 8 trading days, which is not a big deal. After all, the floating loss is not an actual loss, as long as you don't cut the position, you have a chance to turn over. However, if there is an unexpected event in the future, and the reserved funds of the fund company cannot supplement the margin, it will be inevitable to liquidate.

The fund company's reserved funds are 15 million US dollars, and the amount of gold futures purchased is 300 million US dollars, and 21,000 short positions were opened at a price of 142.7 US dollars per ounce. As long as the price of gold rises by $8.2 per ounce, the fund company's futures position will have to be partially liquidated to replenish the margin limit.

Liquidation means actual losses, and then you can use the actual losses to hit Shen Bi's prestige in HSBC.

In order to reach the futures position of the fund company, it cannot be supported, and it has no choice but to cut the position. It is necessary to increase the power of the bulls on the New York gold futures. The minimum target is also to raise the price of gold to $151 an ounce in the short term.

Charlie pondered and seemed to be going all out to persuade Nurbikin and Jardine Matheson to believe in the bullish judgment of gold prices in the future, raise funds, and intervene in gold futures in New York.

Charlie made up his mind, got ready, took all the information on the recent gold price movements, and went out to lobby Niubijian and Jardine Matheson.

Hongkong Land's New Bikin and Jardine Matheson had the intention and preparation to invest in New York gold futures, and Charlie's lobbying quickly made the decision.

Partnered with Charlie to set up an investment fund with a total share capital of HK$3.1 billion. Charlie invested HK$100 million in HSBC's appraisal funds, and Jardine Matheson and its subsidiaries raised HK$3 billion in shares.

The initial 1.1 billion Hong Kong dollars, about 200 million US dollars, will be in place tomorrow Monday, and the corresponding operators led by Charlie will rush to New York and immediately put into New York's gold futures, and the follow-up funds will be in place before Friday.

Hongkong Land's New Bijian and Jardine Matheson Co., Ltd., in cooperation with HSBC Charlie, will enter the New York gold futures, Andrew is still unknown.

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