Chapter 395: Wealth is tossed

Please use it slowly, I'll retire first.。。。 ”

Arthur looked helplessly at the back of Paul, the dumbfounded butler who was speechless and depressed, sighed lightly, and put an omelette into his mouth.

It's not that Arthur is perfunctory and making excuses, but to tell the truth, among the nobles in the Upper House, which one is not an old antique, the youngest is also forty or fifty years old, how can he, a 22-year-old 'child', sit in it.

Even if he sits in and lets him be a 'child' to work with a group of old old-fashioned people, it won't cost him his life!

He doesn't want to live the life of an elderly person in advance, think about it, the youngest member of the House of Lords, oh my God, the paparazzi and reporters in the UK don't eat him yet, if one day his affairs are accidentally exposed, it will definitely be a big scandal.

And now, he's just a billionaire, and even if the news leaks, it's just a piece of lace news, influence and lethality are completely different things, okay!

After breakfast, Arthur got up to wash up, then changed into a comfortable white casual suit, went to his desk, opened his laptop, and prepared to check out today's briefing.

Before he finished reading a briefing, the mobile phone placed next to the desk rang, Arthur picked up the phone and looked at it, and after finding that it was Smith Jama, he picked it up directly.

"I think this morning's newspaper has just finished reading the briefing, and there is a lot of bad news, so what do you have to tell me?"

Arthur leaned back in his chair, looking out the window at the snowy landscape of the manor, and asked Smith Jama on the other end of the phone.

What he just saw in the briefing was that as risk aversion swept the world, gold prices hit their biggest one-day drop since December 1, 2008 this morning, hitting a three-month low and sparking massive technical sell orders. The common opinion of technical analysts at investment companies is that the short-term gold trend is worrisome, and the possibility of further decline cannot be ruled out.

"Boss, although there is a lot of bad news, but after all, it has not caused you too much loss, the loss of gold spot, and the money earned from futures, have been offset.

There was no way, as soon as the Bald Eagle report came out, the European market was worried about the eurozone sovereign debt crisis, and investors abandoned risky assets and turned to the dollar.

At present, gold has fallen below the key technical support. There is little technical support for gold now, and if there are any suppressive factors, gold prices are likely to fall further.

The exchange rate of the euro against the US dollar refreshed a new 7-month low, which became the main reason for the gold price dive. Just earlier today, European Central Bank President Jean-Claude Trichet faced an interview with reporters, predicting that many countries in the eurozone would face the threat of a surge in fiscal deficits, which ignited the market's heavy worries about the eurozone economy for a while, and the euro fell uncontrollably against the dollar, falling by 1.24 percent... ”

"Hey, this is also a short step on us once, and we missed the opportunity to make a profit. ”

Arthur said helplessly, after all, shorting the euro is what they have been doing all this time, and this time, because the financial report of the United States will inevitably fail to meet market expectations, resulting in losses, closing positions in advance, choosing to dodge, it is indeed to avoid some losses, but it is also missed the opportunity to make profits.

"Boss, you now, the last thing you should and need to do is DU Bo, this time I missed it, and next time, the financial market is constantly changing, no one can do it, every time it is guaranteed to be a winner, if you want to win all the time, then you can only choose to invest as confidently as possible, so as not to lose.

This time gold plummeted, and from the technical picture, spot gold has fallen below the 50-day and 100-day moving averages. Most technical analysts in the market said that gold prices may continue to slide after falling below these important technical supports, but should be able to hold the $1,000 mark. ”

Smith Jama can only continue to be relieved by his boss's unwillingness. And after listening to Smith's words, Arthur also knew that he really shouldn't complain, after all, he was still too greedy, and after shaking his head with a silent smile, he asked into his phone: "I want to hear your opinion." ”

"My view is that the US non-farm payrolls report for January will be released in the New York session on Friday, and the market's attention will turn to the data. At least in the short term, gold is now in a dilapidated position. Unless the US jobs data can reverse the strength of the dollar and bring gold back to life, I think that is very unlikely.

And, as the market worries about the debt levels of Greece, Spain and Portugal, the euro has been sold off aggressively, and the euro has depreciated all the way. European stock markets also suffered a plunge, with Spain, Portugal and Greece currently suffering from the worst losses, triggering declines in the US and major Asian stock indices.

The deep debt of the eurozone countries is bound to make the divergence of the European economic recovery begin to come to the fore. Looking ahead, I believe that until the eurozone debt problem is resolved, the eurozone will continue to be under pressure, and there is a risk of a double dip in the economy, which could trigger a global exchange rate war. Smith Jama voiced his real concerns.

"Is there a war in exchange rates... Arthur frowned slightly, and after thinking for a while, Arthur finally decided: "In this case, in order to reduce the losses caused by currency depreciation, we can only choose to offset the possible losses and take out 50 million to short the euro." ”

"Boss, what if Germany and France and other countries raise enough funds to bail out Greece and Spain?" Smith Jama still thinks to be conservative, wait and see, and wait until the situation is clearer before ending, he really doesn't want to see the big tree that he finally hugged and take risks.

"Hehe, such an extreme approach, do you think Germany and France will make that kind of sacrifice now?" Arthur asked with a disapproving smile, "Although it is said that there is a debt crisis in many countries, but how serious it is, only the countries concerned know, and they are secretive and unwilling to make it public, Germany and France will only let them figure out their own way, at least for now, so, shorting the euro in the short term." ”

"Okay, boss... ”

Hanging up the phone, Arthur groaned, found the phone number of Angela, his investment financial advisor, from his mobile phone, and dialed it.

Angela is very busy right now, not only taking over olive oil companies in Greece and wineries in Italy, but also screening targets for newspapers across the UK.

The phone was quickly picked up, and after Arthur told her the contents of the call with Smith Jama, Angela muttered for a while and said, "To save or not to save?" Germany, France and other European powers should be in a dilemma at present.

Compared to Greece, Spain, the fourth largest economy in the European Union, is more intriguing. While Standard & Poor's has not downgraded Spain's long-term debt, it has downgraded the outlook for Spain's sovereign rating from stable to negative.

The common problem in the countries bordering the Mediterranean is a lack of fiscal discipline in the economy, no leading industries, and huge pension expenditures. In response to the international financial crisis, they implemented a massive fiscal stimulus package last year, the result of which was a sharp rise in the fiscal deficit and an increase in the country's total debt. If Spain does not take credible measures to control its deficit and it is only a matter of time before the rating companies downgrade its credit ratings, then the real European debt crisis will detonate once and for all, spreading throughout the Mediterranean countries!"

"You mean, keep an eye on Spain and use it as a weather vane?" Arthur asked, his eyes lit up.

"That's right, as long as Spain doesn't enact strong measures to control its deficit, it's safe to be bold and short the euro. ”

"Hehe, you can contact Smith in a moment and tell him what you think, he is a little hesitant. Arthur laughed.

"He just doesn't want you to take any chances. ”

Arthur held his mobile phone and smiled noncommittally: "For the matter of making money, being unwilling to take risks is a sign of failure." ”

To be honest, I used to hear that stability is a shortcut to making money, but seeking wealth and danger is the daily interpretation of real life. People who don't want to take risks are actually taking risks for a lifetime.

Only by doing things that people are not sure about in this life will the probability of success be a little greater. Some people just do what they are sure of all the time, and life will be mediocre.

To put it bluntly, people who get dead wages will never be able to get rich, if you want to get rich, you have to toss, don't toss, never get rich, this is the reality, wealth is tossed, not dreamed!