Volume 2 got Brother Copper, Brother Copper 598, the storm suddenly rose

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Because CBS is an American company, the media response in the United States has been the most intense.

One of the reasons is that this CBS is the master of making news, and everyone is familiar with it.

The other is that they have just made a big story claiming to have an unprecedented bonanza.

If the content of today's news is consistent with the previous one, then it will be much less sensational than the first one.

The problem is that the current news is exactly the opposite of the previous one, and it has to be sensational.

The favorite news topic of the American media is not to report good news, but to report bad news, and even more closely, to report bad things.

CBS's news today is full of conspiracy at first glance, and it has great potential to dig deeper, so it has become a favorite of the media.

Under the leadership of giant media such as CNN and FO, all the media followed up.

The media in the United States reported it in a big way, and the foreign media immediately followed suit.

and the first wave of the American media, that is, one minute later.

The Yomiuri Shimbun and Sankei Shimbun, the two major newspaper giants in the Toei island country, used all the media means of their group, especially radio and television stations, to spread the news to everyone at once.

Then there was a lot of scolding.

Because at this time, it was six o'clock in the evening in Dongying Island Country, and those securities and futures exchanges were closed, so it was too late to buy and sell.

"Why is this the case? Why are we always the ones who can't catch the car? What are these Yankees doing? Why don't they die?"

It's understandable that they're depressed.

Because of the 80% copper content last time, they only found out after the exchange closed, so they had to watch the United States on the other side of the ocean.

Even the London Stock Exchange caught up with a tail.

Bad luck for them in the island country!

Finally, during the day, digest those orders that have been placed long ago, and then provide opportunities for other retail investors to take what they need.

When it was time to close, it finally caught up with the U.S. market level.

Originally, in terms of timing, the island nation should have acted 12 hours in advance, and then the U.S. market would have followed and followed the Tokyo market.

However, in this way, the New York market has come first, and the Tokyo market has become on par with the New York market.

Once in a while, it's bearable, but now it's happening twice in a row in a day!

And these two times are diametrically opposite, the market is like a convulsion, going downhill is dripping, suddenly there is a 180-degree U-turn, and it begins to go uphill!

It turns out that there are a lot of followers, and the vast majority of them are in this state.

That is, keep going downhill and they make money.

And if they switch to uphill, they lose money.

In fact, it is these losers who scold people, and if they are all making money, they will be happy if they smoke ten times.

At the same time, the news was widely reported by private media outlets led by the London Evening Flag Group and official sources led by the London Gazette, and many media outlets directly used CNN and FO headlines.

At this time, it is exactly two o'clock in the afternoon on the London Exchange, which is the peak of exchange trading.

This news from the United States immediately had a heavy impact.

In dollar terms, within a minute, the futures market went up to a dollar!

From $1.5, it has grown by leaps and bounds to $2.5!

In fact, when everyone decided the price, the situation was not so certain, and only 20 borehole samples were tested.

However, the reversal of the trend of trial production has brought much greater pressure to the buyer than it actually is!

Their psychological price positioning has counted all 100 drill holes as having only 10% copper.

The market price suddenly jumped to $2.5 a pound, which directly caused panic in the market!

Including futures and options.

Of course, it's all those who hold short positions.

That is, they are all people who need to offer futures at a negotiated price.

Most of these agreements have been $1.5 a pound lately.

That is, those of them who are short must still sell at $1.5 a pound to those who bought the futures and options they are selling.

That is, the $1.5 contract price and the $2.5 buy price, which is their loss.

At a loss of $1 per pound, a contract is 25,000 pounds of standard industrial copper, which is a loss of $25,000 per contract.

It's not a big deal that the price goes up.

The big problem is that there is no stock at all!

Of course, in the futures and options market, it is rarely necessary to use the spot price to perform the contract, but to settle the difference.

But the same problem is that you must now buy the opposite contract in order to close the position.

Otherwise, you will have to pay the difference.

Fools in the current situation know that one dollar is longer in one minute, and in the time behind the surface, the room for price increases is very long, wide, high and deep!

Every contract is worth a thousand dollars, and who wants to sell it at this time?

That is, in one minute, the copper commodity item of the London futures market has completely and completely turned into a buyer's market!

What's even more terrifying is that every contract is available for purchase.

There has been a panic in the market, and this panic has increased dramatically in seconds!

Because at this time, no one knows how high the price of copper will be!

Those who are short in Founder must close their positions, no matter how high the price is.

Even if it's $100 a pound, you have to buy it, who told you to sell it in the first place?

The other way is to declare bankruptcy, so that all your property can only be sold at a low price to pay off the debt.

No matter how high the quality of your assets is, you can only sell for a penny for a dollar.

The cost of bankruptcy and debt repayment is an unbearable burden, an irreparable loss, or a discredited disgrace for anyone living honestly.

As a result, the market panicked, even if the market price increased by only one dollar, and fell to the market and all short holders with an incomparably strong force.

According to market statistics, there are now more than 3 million buyers' orders, but none of the sellers' orders.

Three million to 0!

This has never been the case!

Regardless of the price, regardless of the contract of various periods, all the seller's orders are a white and clean land.

During this time, someone tried to sell a contract for ten dollars a pound!

Immediately someone bought it, in seconds!

Then, it was ten dollars a pound, and it was silenced.

Those who placed buyer's orders, when they saw this situation, their mood dropped to the freezing point.

If you can buy a pound for ten dollars, just wipe your neck with a knife!

The market panic, although it happened in London, where trading was taking place, quickly spread around the world.

Bringing this panic to them caused a ripple effect.

Then it fermented into a larger panic, and cross-infection was generated.

Not to mention Tokyo, the buyer's order in New York, USA has accumulated to 5 million contracts!.

(To be continued.) )

PS: Genuine.