Chen Hui watched everyone disperse, smiled with satisfaction, and then returned to his office and opened the trend chart of spot gold and spot silver.

Gold was one of the better performers in January 2014, despite a correction that had just followed.

But it has outpaced the US and European stock markets, and in fact, gold has been the best safe-haven asset in recent times.

UBS commented on Friday that gold recorded gains in January, despite the bearish outlook of many analysts and low market volumes.

Gold's outperformance is largely due to currency turmoil in emerging markets, which has reduced risk sentiment, albeit temporarily.

The bank said that the biggest problem in the gold market now is that investors' "faith" in gold is too low, so the market has little interest in following up and buying.

And the previous round of decline is a good proof that gold's safe-haven buying is rapidly evaporating, and the bulls have given up continuing to break through after the failure of the key technical resistance to attack.

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Chen Hui smiled at UBS's official statement, and immediately put on a black mask and contacted the trading rooms in Singapore and Malaysia.

In the trading room of spot gold in Singapore, which is responsible for longs, all traders looked at the black mask avatar on the big screen, and immediately bowed down and said: "Caesar!"

With joy on their faces, they have been building long spot gold every day for this period of time, and the losses in the account are getting bigger and bigger, and there are more than $4 billion in the account at the highest time, and their days are very difficult every day!

But just yesterday, the global stock market fell sharply, the European stock market and the US stock market fell even worse, and spot gold finally rose sharply!

Now the accounts they operate have no floating losses on the books!

Just last night, spot gold rose sharply from 1243.0 to the highest 1264.5 position, an increase of more than 215 points!

The account they operated was profitable, with a maximum floating profit of nearly $3 billion, but then spot gold fell another 45 points!

Today's spot gold in Asia and now in Europe is still falling, and now it has fallen 40 points, from 1260.0 to 1256.0.

Even if the account has been reduced from a maximum floating profit of nearly $3 billion to a floating profit of $300 million today, it is still better than the previous maximum floating loss of more than $4 billion.

At this moment, they are still ready to continue to increase their positions and long spot gold!

Chen Hui nodded and said, "What is the current account situation?"

Now spot gold has been at a low level for many days, maybe a few more shocks, will open a wave of bull market, the current spot gold daily K-line chart has been above all moving averages, and 5 moving averages, 10 moving averages, 20 moving averages, 40 moving averages, 60 moving averages have begun to go up!

This time, they were given $35 billion to build a long position in gold, and they have been floating in losses for many days, and they should start to make profits today!

"Caesar, at present, the account has begun to float in profit, with a total floating profit of 300 million US dollars, and we plan to wait for spot gold to fall and continue to increase our positions!"

Today, hedge funds have established a total of 3 million long positions in spot gold, with an average opening position of 1255.0!

One point of fluctuation is $30 million!

Now spot gold is at 1256.0, with an average profit of 10 points, and a total profit of 300 million US dollars!

Chen Hui pondered for a while and said: "Very good, continue to increase the position, and strive to increase the long position of 500,000 lots every day, and this time you will establish a long position of 4 million lots of spot gold!"

Today, the international spot gold price opened at around $1257.0 per ounce. Overnight's unexpectedly weak U.S. ISM manufacturing data pushed gold above $1260 an ounce, impulsing as high as 1264, basically erasing the decline caused by the Fed's QE tapering last week.

This week, the U.S. non-agricultural data will also be released, and the non-agricultural data has a great impact on spot gold, and it is very normal for spot gold to rise and fall by hundreds of points in seconds!

However, before the release of this week's non-farm payrolls data, Chen Hui feels that the trend of gold prices will remain volatile.

The US ISM manufacturing index for January, released overnight, was only 51.3, significantly lower than the expected 56.0 and the previous reading of 57. The US dollar weakened sharply after the release of the data, while the yen, gold and silver rose the most, with gold surging quickly from $1,250 to above $1,260 and silver surging from around $19.40 to above $19.60.

With the Fed steadily reducing the QE policy, it seems that the QE reduction has been difficult to boost the dollar significantly, but once the US economic data is unexpectedly poor, the dollar will be suppressed, if the market does enter such a mode, I am afraid that the non-farm payrolls data will not weigh on the dollar at most, and it will be difficult to boost the dollar significantly.

At this time, the leader said: "Caesar, the weak ISM manufacturing industry unexpectedly pushed up the price of gold, I think before the release of the US non-farm payrolls data, the trend of spot gold will continue to fluctuate!"

He intends to continue to go long on dips!

Chen Hui nodded and said, "Well, you should try to open an average position in spot gold around 1260!"

"Yes!" the group bowed.

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After Chen Hui gave the order, he immediately switched to the trading room of the Malaysian hedge fund. These people are responsible for the opening of spot silver positions! The operating capital is 15 billion US dollars!

In the trading room of spot silver in Malaysia, which is responsible for longing spot silver, all traders looked at the black mask avatar on the big screen, and immediately bowed down and said: "Caesar, good afternoon!"

Their faces rarely showed a relaxed expression, they have been living too depressed recently, and their accounts are losing money every day!

The account lost $2.5 billion at its peak!

Chen Hui nodded and said, "Good afternoon, everyone!"

"What is the current state of the account?"

Spot silver also rose sharply last night, and Chen Hui was eager to know the account situation!

"Caesar, currently holding a long position of 1.5 million lots of spot silver in his account, has made a total profit of $150 million!

They added 250,000 lots of spot silver to their long positions again, and now hold a total of 1.5 million long orders, with an average position opening position at 19.40!

Yesterday, spot silver skyrocketed from 19.10 to a maximum of 19.66, and their operating account had a maximum floating profit of $1.95 billion!

But then spot silver fell again and closed at 19.41!

In the European session of Asia at this moment today, spot silver fell first and then rose, and is currently at 19.42. They also intend to continue to increase their long positions in spot silver!

Strive to open as many long positions in spot silver as possible!

Chen Hui nodded and said, "Continue to increase your position until you hold a long position of 2 million lots of spot silver!"

"Now the spot silver daily chart has completely begun to turn around! Last night's surge is a turning signal!"

"You have to hurry up and open a position at a low level!"

The crowd immediately bowed down and said, "Yes, Caesar!"