Chapter 220: Bullish
The last time he set foot in the oil futures market, Ye Dongqing was eyeing this wave of rising market in 2004, and this investment was a matter that had been decided a long time ago, so he did not hesitate to find Bernard Madoff and get a large amount of money from him at a high price, and there was no reason for him to give up another opportunity to make a lot of money because of the worries of McCord and others.
Speaking of which, the timing of the investment is not bad, but it is certainly not the best.
At present, the crude oil futures price in New York has exceeded 34 US dollars, and the last time it was only 256 US dollars, if you count the leverage, it means that he has "lost" a lot of money, and it is not profitable to do business, sometimes it means that it has been lost, many institutions have recently cashed out and left the market, and the bullish people have made enough money, mainly because they have suffered the last loss, and feel that it is likely to have another flash crash in a short period of time.
The mainstream idea is almost like this, which is one of the reasons why Mr. McCord and others believe that the trading volume should be reduced, or hedging into the market, but the truth is often concentrated in the hands of a small number of people, Ye Dongqing knows what the general trend is in the next few years, there may be relatively large fluctuations in the short term, but the overall trend will be upward.
With a small oil base, he doesn't think there's a need to worry too much, as it is profitable for those who produce and sell oil, and even those who collect taxes, and that this wave of oil price increases is in everyone's interest, except for oil-poor countries and consumers who no one cares about.
Although with the arrival of Ye Dongqing, the world has begun to move towards a different development path from the previous life, but people's greed will not change, look at the war that broke out last year, it still appeared at a critical time, Ye Dongqing can find the key points from these contexts, such as the rise in oil prices this time, he had already expected it after the war began.
From the side, every war is often driven by interests, the recent rise in oil prices is no exception, based on the news obtained by Ye Dongqing, the buying price at the moment is quite appropriate, ranging from eight to ten times the leverage, due to the large scale of this shot, the funds are scattered to New York and London, and they are temporarily ready to buy in two weeks, and the delivery time is long and short, so as to flexibly adjust the position.
U.S. crude oil, that is, one of the "TI crude oil contracts" in the New York Mercantile Exchange in the United States, TI contracts are based on Texas light sweet crude oil in the United States, on the basis of spot trading, become an important part of the world's crude oil pricing system, all crude oil produced or sold in the United States is based on light and low sulfur TI as the benchmark oil, and the Brent crude oil in the United Kingdom is not much different.
As the world's two largest trading volume of oil futures market, there are investment banks, fund companies, non-profit organizations, multinational organizations, individual investors, etc., the daily trading volume is very large, from which you can see the figure of many countries, such as the lack of oil resources, South Korea, etc., is an island country, and the demand for resources is quite large, almost every commodity exchange has their shadow.
Ordinary people can't get in touch with raw materials at all, they all spend money to buy the final commodity after processing and price increase, the price of crude oil has risen amazingly in recent times, so that the game situation between the long and short sides is more obvious, Ye Dongqing's first day of entry, with a leveraged order of four billion US dollars, successfully pulled up the crude oil futures price by 30 cents, but it did not last long and fell again, and then rebounded again, without causing much volatility.
After all, it's only four billion US dollars, and in the case of the recent surge in trading volume, there is not much turmoil in the global crude oil trading market, but it is enough to make many nervous investors pay attention to him, and the multi-party camp is naturally happy. The herd effect can be seen everywhere in the business sector, and the more bullish people are, the less likely it is that crude oil prices will fall.
For Ye Dongqing himself, this kind of futures scale is much more exciting than going directly to Las Vegas to gamble money, and there are not many businesses that can attract him recently, considering the current value, using such a large sum of money to speculate in futures is definitely a big gamble......
Now that the decision has been made, Mr. McCord will not say more, he rushed to Wall Street early this morning to discuss business with those multinational investment banks and brokers, and the banks should also communicate and coordinate well.
As soon as Ye Dongqing came to the office, he turned on the data terminal, and first looked at Apple, The stock prices of Netflix and other companies have risen quite well recently, and then the picture stays on the oil price page on the US side, the numbers are fluctuating up and down, 34 US dollars and 18 cents a barrel, not counting handling fees, etc., his average starting price is 34 US dollars and 26 US cents, which is equivalent to more than 116 million barrels of oil, which is enough for the world to consume more than a day, and the world currently consumes more than 80 million barrels of oil every day.
When oil prices rose in February last year, there were oil tankers parked on the sea and were reluctant to declare, after all, if they stayed for a day or two, they might earn back the freight several times, and recently this situation appeared again, oil prices are rising, and the entire industrial chain is driven, consumers have the greatest losses, and oil prices are often adjusted upwards, which means they have to spend more money.
Playing futures is far more exciting than investing in the Internet industry, although the Internet industry is destined to bring more profits to Ye Dongqing, but the process seems a little boring, and the contract in front of him today is more like gambling, every penny fluctuation in oil prices means millions of dollars in profits or losses for him, and ordinary people can earn a million dollars in a lifetime?
A morning spent browsing information and processing procedures and other issues, just the phone call went out more than a dozen, today is Sunday, the vast majority of employees do not go to work, for the futures, some employees are forced to stay to work overtime, no way, who let the Middle East rest on Saturday, Sunday to start trading, people need to rest, but money never rests.
Picking a worse starting period, Ye Dongqing quickly lost more than 10 million US dollars, and almost forty Rolls-Royce Phantoms were gone, at least temporarily, which made him a little unhappy.
It's all dog noses, little Edward suddenly came to visit, his hair was messy, he might have gone out without washing his hair, he sat opposite Ye Dongqing, and asked tentatively in spirit: "I heard that you are bullish on crude oil futures, how about it, are you sure this time?" Don't worry, give me first-hand information, I will definitely not treat you badly......