Affected by the Iraq war, since November 2004, when the international crude oil price broke through the $50 mark for the first time, in 2005, despite all kinds of bearish voices in the world, the international crude oil price has risen firmly and slowly.

By June 2005, the international crude oil price exceeded $60 per barrel and accelerated.

In August, affected by Hurricane Cathari in Mexico, the international crude oil price exceeded 70 US dollars per barrel, and the global oil price entered a crazy growth stage, and major international airlines have raised fuel surcharges.

As a majority of Xinghai International Investment, it naturally makes a lot of money.

On the other hand, as the US dollar continues to depreciate, inflation is serious, interest rate spread trading is prevalent, and copper inventories on global exchanges have declined significantly, driven by strong consumption in China and the United States, which has triggered a strong rise in copper prices.

From April to May, the European economy was very weak, with industrial production, industrial confidence, and purchasing managers' indices all falling to their annual lows, resulting in a slight increase in LME inventories in Europe.

In addition, the US dollar index has bottomed out since late March due to the Federal Reserve's continued interest rate hikes, and LME copper prices have seen a sharp correction under this dual pressure.

The bullish fundamentals have once again induced speculative institutions to invest in the copper market, which has become a new impetus for copper prices to rise after the dollar rebound.

By the beginning of September, the LME copper price had risen to $3,814/mt, sprinting towards the $4,000/t mark.

Ninety-nine percent of many economic analysts, authoritative experts and scholars are bearish on this, and they cite scriptures and classics to demonstrate this.

For example, according to the International Copper Study Group, the global copper supply deficit in the first half of 2005 was 219,000 tonnes, far lower than the 790,000 tonnes in the same period last year.

On a seasonally adjusted global basis, the global supply deficit was just 13,000 tonnes, compared with 588,000 tonnes in the same period last year.

In August, the UK Commodity Research Agency said that the copper market will have a slight oversupply in the second half of 2005 and will continue to be oversupplied in 2006.

These two are the most authoritative forecast publishers in the international copper market, and their reports show that the supply and demand of copper in the world is gradually easing, and is significantly reducing rather than expanding compared to last year's shortfall, and is developing in the direction of surplus.

In such a macro context, LME copper in March rose from less than 2,300 US dollars / ton in early 2004 to a high price of 3,828.7 US dollars / ton in September 2005, which is obviously unreasonable.

Affected by this, many international profit-making institutions and hedge funds began to sell their futures copper contracts, long to short, LME copper prices into a short-term shock stage.

The copper price on September 3 fell from US$3831.5/ton to US$3549.3/ton in one day, a decline of 7.3%, the largest single-day decline in copper prices in the past five years.

Countless retail investors and international speculators, due to the excessively high leverage, were instantly knocked out, cutting the flesh and selling blood.

At 1:10 a.m. on the 4th, after the LME floor trading ended, Yang Xin, who was in London, called Guan Qiu and asked about the next direction of operation while reporting his work.

In the wave of copper price correction during the day, as the bulls, they evaporated 350 million US dollars overnight, and the floating profit from the beginning of the year to the present gave back 1/3. Fortunately, Pu Ruo did the hedging, otherwise it would not be 350 million.

As a financial genius, Yang Xin can't understand the price of copper now.

As the UK Commodity Survey report shows, spot copper is indeed moving in the direction of overcapacity.

But Guan Qiu, as a big boss, has always insisted on going long, selling high and buying low, and now the copper futures contracts in their hands have exceeded 80,000 hands (5 tons of copper in one hand), a very terrifying number.

"Boss, now the U.S. dollar index is oscillating upward, and the relationship between supply and demand has gradually ease......d;

Yang Xin reported all kinds of data, and the subtext was of course that he hoped that Guan Qiu would turn short, but there were some things he couldn't and didn't dare to say.

Once the judgment is wrong, the loss is not something he can afford, let alone be fired, and it is possible to sink him into the North Sea to feed the fish.

"Continue to increase longs!"

"Boss ......"

"Huh?"

"I know the boss!"

Just before Yang Xin was about to hang up the phone, Guan Qiu said: "I believe that the data you said are true, and according to normal development, there will indeed be overcapacity in spot copper, but if you remember my words, China's development speed will exceed your imagination." ”

What is the speed of China's development, Yang Xin is not sure, but what he did not expect is that after a wave of blows, London copper opened low and went high, as of 1 o'clock in the morning on the 5th, London copper rose 2 percentage points against the market, closing at 3620.4 US dollars / ton.

On the morning of the 6th, the American Smelting Company (Asarco) announced that negotiations between labor and management to resolve the Arizona and Texas plant and mine strikes have not made progress, and the workers have refused to accept a plan to end the Texas and Arizona plant and mine strikes, and the continuation of the strike will continue to reduce the company's output this year.

The sensitive market was immediately encouraged, and the copper price that fell a few days ago quickly returned to its original level, and continued to rise slowly on this basis, breaking through the $4,000/mt mark just around the corner.

Guan Qiu was not moved by this at all, and always maintained the basic line of throwing high and sucking low.

……

Putting aside the situation in the futures market, Guan Qiu has been doing something strange recently.

With the rapid rise in value, he has not taken contraceptive measures since the beginning of this year, but Fang Xiu and Qin Lan's bellies have not moved, and he began to wonder if there is something wrong with his little tadpoles?

After two days of abstinence, on the afternoon of the 8th, he went to the Andrology Department of the Affiliated Hospital of Fuji.

The doctor was introduced by someone, and it is said to be an authority in this area, surnamed Du, called Du Jiaxi, less than 50 years old, with a square head and big ears, and a righteous look.

After a detailed questioning, Dr. Du called a little nurse wearing a mask to come and take him to the J room.

When he arrived at the door, the tall little nurse handed him the small plastic cup in her hand, said "hurry up", and then leaned against the wall and took her mobile phone to text someone.

Guan Qiu pushed open the door and saw that the room was not big, about six or seven square meters, with a black chair on the wall on his left hand, and a 17-inch color TV on the opposite wall, and a TV cabinet below, with VCDs and pornographic magazines on the TV cabinet.

Guan Qiu walked in and closed the door, walked to the TV cabinet and rummaged through it, the seven or eight CDs in the drawer were already scarred, and they put them in the VCD and tried it, but it didn't work.

As a last resort, I had to take a European and American magazine.

There are some large-scale pictures in it, which is very exciting.

Guan Qiu began to accelerate with "manual transmission".

Five minutes

Ten minutes,

Twenty minutes,

Half-hour......

"Knock knock—" The little nurse outside knocked on the door and asked impatiently, "Okay, is it okay?" ”

"Uh...... Wait a minute. The cramped space, the faint smell of fish, and the sound of footsteps that could almost be heard made Guan Qiu never sink into Feifei's fantasy.

40 minutes;

50 minutes ......

Failure to learn from the experience.

At this moment, the little nurse outside began to slam on the door, "Are you sleeping inside?"

Guan Qiu opened the door and said a little embarrassed: "That...... I can't get out, or I'll come back another day. He twisted his wrist as he spoke. In fact, not only his hands are sore, Xiao Guanqiu has long been numb.

The little nurse put away her phone and said impatiently: "Go in, I'll help you." ”

Guan Qiu said embarrassedly: "This ...... No need. ”

"You think I'm going to help you get a plane, think beautifully!" the little nurse said fiercely, and said, "Get in quickly!"

Guan Qiu had no choice but to turn around and go in.

Five minutes later he regretted it.

The little nurse just helped him do a little *****, and actually poked him with her fingers in the ass, because only in this way can she massage it.

In addition to the shame, it also hurts.

What Guan Qiu didn't know was that in fact, the little nurses in the andrology outpatient department all had this service, but they only helped patients with "J barriers", and they could only watch movies and masturbate for other problems.

Twenty minutes later, the little nurse shook her right hand and walked out of the J room, complaining, "Your problem is quite serious." ”

Guan Qiu, who was stabbed in a chrysanthemum, was depressed and didn't speak, regretting it in his heart, he had already known that Fang Xiu had come with him.

The little nurse turned her head to look at him, saw that his face was not good-looking, guessed what he was thinking, and said to herself: "I am a doctor, you are a patient, what's the big deal." Besides, you think I'm trying to help you, it's disgusting, okay?"

"......" Guan Qiu thought that it was true, not every chrysanthemum is so good-looking, and then asked: "How many patients like me do you have to help in a year?"

The little nurse said: "I have only been interning for three months, and there are less than 20 of them including you. ”

Guan Qiu nodded again. No wonder this little nurse is so strong, she is probably used to it.

It took more than an hour for the sample to produce results, and Guan Qiu was afraid that if he met an acquaintance, he waited in Du Jiaxi's office.

By five o'clock, the test results were in.

Du Jiaxi looked at the report and frowned deeply......

.。 m.