741 Yellen God assists and makes a huge profit
When Chen Hui returned to the 49th floor of Temasek Tower in the evening, it was already 11 o'clock in the evening, because his $180 billion was still invested in the speculative market, Chen Hui naturally had to pay attention to his own capital situation every day.
So he first opened the chart of the Hang Seng Index, the Hang Seng Index had already closed in the afternoon of the day, Chen Hui wanted to take the lead to see if the Hang Seng Index had risen sharply today!
At this time, looking at the appearance of a big white line on the screen, Chen Hui smiled slightly, today the Hang Seng Index skyrocketed by 340 points, from the 21960 position to the 22300 position!
"When Temasek Holdings collapsed in the past, many Asian financial institutions did not choose to close their positions in time, and now they are not stopping!"
"As a result, the Hang Seng Index has risen sharply in four out of five trading days!"
"The rally in the past two days has been even more ferocious!"
"Very good, exactly what I wanted!"
Looking at Ling Yu'er's account with satisfaction, there are a total of 40,000 long positions in the Hang Seng Index, with an average position of 21,600 positions, and a fluctuation of one point is a profit and loss of 2 million Hong Kong dollars, and now it has made a profit of 700 points, with a total floating profit of 1.4 billion Hong Kong dollars, plus the initial principal of 200 million Hong Kong dollars, and now Ling Yu'er's account net value has reached 1.6 billion Hong Kong dollars.
"It's been going up for two days in a row!"
"Many of the people who killed and fell before are probably trapped!"
"So many high bears are closing their positions now!"
"It's been skyrocketing for so many days, and it's causing panic among high-level bears!"
"Tomorrow, the Hang Seng Index is estimated to rise even more violently!"
"The bulls chasing the bulls entered the market, the bears who had previously killed the fall closed their positions, and the high-level bears closed their positions in panic!"
"Something big may happen to the Hang Seng Index tomorrow!"
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Chen Hui smiled, then went to the bathroom, and later took a look at the trend charts of GBP/USD, spot gold, and spot silver!
At this moment, in a mansion in Singapore, Li Sijie looked at the trend chart of the Hang Seng Index with a gloomy face, he did not expect that the Hang Seng Index completely exceeded his expectations, and it rebounded so much, he currently holds a short position of 40,000 hands of the Hang Seng Index, and the fluctuation of one point is a profit and loss of 2 million Hong Kong dollars, and the average position is around 21600, and he is currently losing more than 700 points in his account, and he may be about to blow up.
This afternoon, he took out a mortgage on his mansion, but the funds have not been in place for a long time!
He had a floating loss of HK$520 million in his account yesterday, and a floating loss of HK$1.4 billion in his account today, an increase of HK$880 million!
He really regretted it, and it was so painful!
Thinking that yesterday because of a fight with his mistress, he didn't see the Hang Seng Index skyrocketing in time, resulting in a huge loss in the account, at that time, he had already suffered serious losses, and he couldn't decide to stop the loss, if he stopped the loss, he would undoubtedly cut off one of his own!
He really can't do it!
I can't do it!
cut 520 million Hong Kong dollars, he really can't do it!!
Today, I can only watch the Hang Seng Index continue to skyrocket, and then his account floating loss continues to increase, and now he has a floating loss of 1.4 billion Hong Kong dollars!
He regretted it in his heart, blamed himself, and his heart ached!
Now that there is a loss of 1.4 billion Hong Kong dollars in the account, if you cut the position again, it will undoubtedly be more uncomfortable than killing him!
After a while, the banker finally told him that the funds were in place!
Li Sijie immediately breathed a sigh of relief and said to himself: "This time it's up to fate!"
"I hope that this time the Hang Seng Index has completed the correction and will start to fall tomorrow!"
"I hope so!"
"Don't skyrocket again!"
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Chen Hui came out of the bathroom and poured himself a glass of the Margaux Blanc, a 1855 Premier Cru with a history of making white wines dating back to the late 17th century. In the 19th century, it was sold as "Chateau Margaux Vin de Sauvignon" until the 20s when it was renamed "Chatre Margaux Blanc Pavilion". The Caste de Margaux is the second label of Château Margaux and is one of the best dry white wines in Bordeaux, it is made with 100% Sauvignon Blanc and its wine grapes come from an old plot of about 11 hectares at Château Margaux, which is planted exclusively with Sauvignon Blanc. The winery has very strict requirements for the production of the White Pavilion, and only about a third of the white grapes in the annual harvest are used to produce the White Pavilion, so the production of this wine is smaller, no more than 1,000 cases, and the current production is 11,000 bottles. After 7-8 months of ageing in oak barrels, the Margaux Blanc has great ageing potential, with a fineness, complexity, body and longevity of the finish that cannot be matched by the average single variety of Sauvignon Blanc.
Chen Hui tasted it carefully, opened the trend chart of spot silver and spot gold, and looked at the market news.
At the beginning of the New York session, spot gold extended its gains again, and once refreshed a three-month high of $1293.7 per ounce!
Now it's down again!
Spot gold has risen 140 points from the 1273.0 position today, and is currently at the 1287.0 position.
Incumbent Fed Chair Janet Yellen said at today's hearing that there is still a long way to go for the U.S. job market to improve, while emphasizing that QE tapering is not the default pattern.
In her testimony before the House Financial Services Committee, new Federal Reserve Chair Janet Yellen said that bond purchases have helped bring down unemployment and have been successful in lowering long-term interest rates, and that the Fed is likely to continue tapering quantitative easing (QE) at an orderly pace, but not in a predetermined mode, if the economic outlook is confirmed.
Yellen, who has maintained a dovish stance (leaning towards monetary easing), also stressed that a significant deterioration in the outlook will require the Fed to expand its asset purchases.
As for the current employment situation in the United States, Yellen said that the employment growth rate in the United States in December and January 2013 was surprisingly low, and it is necessary to be cautious and not to rush to conclusions.
Yellen believes that a small part of the decline in the unemployment rate in the United States may be structural, including weather, that there are cyclical factors in the labor market momentum, and that it is difficult to distinguish all the driving factors, and that the decline in the labor market participation rate is largely due to structural factors rather than cyclical factors.
Yellen noted that it will take time to assess the importance of developments in the employment situation, which is important for the Fed, and that broader indicators of the job market are not yet back to normal, and that the Fed is watching for new data, including employment and spending.
At the same time, Yellen noted that the U.S. economy is facing severe headwinds from the crisis, and Congress should consider introducing measures to boost the recovery of the job market, and hopes to quickly issue guidance on how the Walker Rule applies to mortgage issues.
As for the U.S. fiscal problem, Yellen said that the long-term budget deficit could increase at an unsustainable rate, which could have a negative impact on the economy.
"Previously, the Fed had decided to reduce the QE policy by $10 billion in December 2013 and January 2014, and the current bond purchase scale is $65 billion per month. If the data point to a sustained improvement in the outlook for the U.S. economy, the Fed could end its $85 billion monthly asset purchase policy in 2014.
However, according to the Fed's latest guidance, even if the Fed completely exits the QE policy, its easing policy will still be there – it may remain unchanged at an ultra-low interest rate of 0-0.25% for a long time after the unemployment rate falls to the 6.5% rate hike threshold!"
Yellen's testimony today shows that she believes that the current job market still needs more improvement, which is good for gold. In addition, Yellen also said that the reduction of QE is not pre-emptive, and if the US economic outlook deteriorates, she may continue to buy additional bonds.
Chen Hui sighed secretly: "The market is very blind, this old woman said it casually, everyone is easy to believe it!"
Yellen's speech was largely in line with market expectations, which is also in line with the Fed's consistent monetary policy statement recently. Perhaps for some, Yellen's speech was not as dovish as they expected. ”
It can be seen that Yellen agrees with the Fed's current pace of tapering QE, but although she reiterated that she will continue to taper bond purchases in the face of a positive economic outlook, the overall rhetoric is slightly dovish, which is positive for gold. ”
Thinking of this, Chen Hui couldn't help but feel a little excited!
"Now the long position of 4 million lots of spot gold should make a profit of more than tens of billions of dollars!"
Chen Hui's hedge fund holds a long position of 4 million lots of spot gold, with an average position at 1257.0, and a profit and loss of one point is $40 million, and the current spot gold is at 1287.0, and it should make a profit of 300 points at the moment, totaling $12 billion!
"The results this time are good, spot gold has really started a bull market!"
"Continuous Positive Candle!!"
"This is going to cause panic among the bears in the market!"
"It's cool, I should be able to make a lot of money this time!"
Now spot gold has broken through the previous 'box' and completely broken through the resistance level.
The previous 'box' was in the range of 300 points from 1240.0 to 1270.0, and now spot gold has completely broken through it and cannot go back!
This wave of spot gold bull market should rise very violently, many financial institutions that short spot gold in this 'box' will all be hedged, and then stop loss or blow up because of the rise of spot gold!
Chen Hui thought of this, and opened the trend chart of spot silver.
Today's rise in spot silver is not as large as that of spot gold, which is currently at 20.17.
Chen Hui's hedge fund currently holds a total of 2 million long orders of spot silver, with an average position of 19.60! A fluctuation of one point is a profit or loss of $100 million!
"That's a profit of 57 points, or $5.7 billion!"
"Less!"
"But it's okay!"
Chen Hui's fingers kept tapping on the table, slowly drinking the dry white of the Margaux White Pavilion.
Spot silver is also about to break through the highest resistance position in half a month, the previous highest resistance position at 20.28 position, spot silver is not far from breaking through this position!
"Today, Yellen, it's really a divine assist, let me make a lot of profits from spot silver and spot gold!"