Text Chapter 821 Hunting Sumitomo Trading Company
Yes, Sumitomo Trading Company and "Mr. 5%" Yasuo Hamanaka have great influence in the international copper market, after all, they are supergiants that control 5% of the global copper trading volume.
Don't think it's a small 5%, yes, it sounds like a lot, but that's 5% of global copper trading – that's pretty impressive.
But what if it doesn't matter what? You know, now that the financial conglomerates in Britain and the United States are eyeing them, will they still be good?
There is no doubt that since the super financial tycoons who are hiding behind the scenes are ready to make a move and start to do it, then this thing will definitely not be good.
Yes, the Sumitomo family controls 5% of the world's copper trading volume, but what can it do if it owns 10% of the world's copper?
For this "hunt", even international super hedge fund giants such as Quantum Fund and Tiger Fund can only be a pawn in peace. It can be seen from this that the opinions of the international financial consortiums on Sumitomo Corporation are simply full of resentment.
Come to think of it, this time Sumitomo Trading Company and "Mr. Five" Yasuo Hamanaka have gone too far, and they are simply unscrupulous on the London Metal Exchange, and they have hoarded so many long positions in copper futures, what is he trying to do?
There is no doubt that Sumitomo Trading and Yasuo Hamanaka are trying to raise international copper prices, however, this conflicts with the fundamental interests of financial consortia in the United Kingdom, the United States and other places. In particular, the financial conglomerates in the United States are deeply affected by the international copper price, because they control the US currency issuing agency, the Federal Reserve. Not only that, the continuous rise in international copper prices is bound to cause other non-ferrous metals to follow suit, which seriously damages the interests of many big bears.
Who doesn't know that the Morgan family and the Rockefeller family love to "go short", after all, "shorting" always seems to be more profitable than "long".
Therefore, Yasuo Hamanaka and Sumitomo Trading's crazy long behavior in the copper futures market is definitely looking for death, and the most important thing is that in the face of the constant warnings of the two "fathers" of the United Kingdom and the United States, they still directly turn a blind eye and listen to it - this is not a trick to die, what is it?
Since Sumitomo Trading Company and Yasuo Hamanaka are going to die, there is no need to show mercy, and one by one the big "hunting plans" are slowly unfolding!
This "hunting plan", Su Chenyu and the X Fund originally didn't want to participate, yes, they just didn't want to participate.
As for why?
Hehe, it's very simple, because what Su Chenyu, Jim Rogers and X Foundation like most is - eating alone.
Yes, they just like to "eat alone", and it can also be said that Su Chenyu and Jim Rogers prefer to be a "lone ranger" hiding behind the scenes.
Besides, Sumitomo Trading Co., Ltd. does not have much "meat" to chop in the copper futures market, and even if it loses a lot, it is only a few billion dollars. Well, I have to say that Su Chenyu and Jim Rogers are really above the top now, and billions of dollars are not in their eyes.
However, thinking about it, it seems to be the same reason, because as long as X Fund makes a move, it is basically a big event at the level of a stock market crash, and it is an absolute huge profit. However, this time, although the "Hunting Sumitomo Trading Company" made good profits, after all, so many people shared the "spoils" together.
Therefore, Su Chenyu and Jim Rogers were not very interested in this matter. However, soon, the Morgan family and the Rockefeller family handed Su Chenyu a message, they hoped that this time the X Fund could participate, because the strength of the X Fund in this kind of thing is indeed too strong. Moreover, in addition to this, there is another important purpose, and that is to rehearse for another important event in the near future.
Since the Morgan family and the Rockefeller family have handed over the message, Su Chenyu has to consider the weight of this, after all, people have made it very convenient for SS Financial Holding - the acquisition of Express Bank and Goldman Sachs Group, which has the help of two major families.
As a result, Su Chenyu could only reluctantly accept this "interesting" little thing.
Picking up the best coffee in front of him, Su Chenyu took a sip gently, and then asked Jim Rogers, "How are those families in Britain and the United States preparing?"
Listening to Su Chenyu's words, Jim Rogers smiled and said: "I have already sharpened my knives, and the reason why Yasuo Hamanaka was able to raise the international copper price at the end of last year is that these people have contributed a lot." ”
"It seems that this time I want to cut a piece of meat on Sumitomo Trading. Su Chenyu put down the coffee cup and said with a smile: "However, think about it, after all, Sumitomo Trading Company has gone too far this time, and I actually want to eat alone." ”
Nodding, Jim Rogers said with deep agreement: "Indeed, they have taken so many long positions in copper futures, and they are also trying to raise the international copper price, isn't this looking for death? ”
Thinking about it, it is really a bit of coke, Su Chenyu said with a smile: "It is indeed a good move, in this way, Sumitomo Trading Company and Yasuo Hamanaka will not be so easy to cut their positions and leave, after all, there may be a more tempting 'big cake' in front of them." ”
"Still, the cake is there, but it's very poisonous. ”
"Poisonous?" sneered, Su Chenyu said mockingly: "Sumitomo Trading Company and Yasuo Hamanaka, who have now been blinded by profits, don't care if he is poisonous or not, they only see the tempting deliciousness. ”
Nodding, Jim Rogers said in a solemn tone: "Yes, but I think that in the end, Yasuo Hamanaka is actually just a high-level puppet, and the Sumitomo family is still behind it." ”
"Do you really think that outsiders call him 'Mr. Five' and he is really so awesome?" Su Chenyu sneered again, and then said: "If it weren't for the Sumitomo family's strength in the international copper market, he would be a fart." Of course, it cannot be denied that Yasuo Hamanaka is indeed very capable, after all, for so many years, Sumitomo Trading's non-ferrous metals trading department has done a good job. ”
Suddenly, Su Chenyu said in a rather firm and serious tone: "However, in this matter, I can be sure that it is definitely not Yasuo Hamanaka who can do it alone, behind this is the Sumitomo family who is making trouble." ”
However, once this thing fails, the Sumitomo family will definitely push the matter completely and put it all on Yasuo Hamanaka. ”
"Yes, for now, he's a substitute for the dead. ”
Indeed, in the previous life, "Mr. Five Percent" Yasuo Hamanaka was immediately thrown out by Sumitomo Trading Company as a "backstabber" after the defeat of Sumitomo Corporation's copper futures. Even, the president of Sumitomo Trading, Toiichi Akiyama, also hypocritically said that it was a very wrong behavior to reuse Yasuo Hamanaka, hehe, who believes this is stupid.
Obviously, without the authorization and consent of the Sumitomo family, how could Yasuo Hamanaka have such a great ability to do such a big thing in the international copper futures market, and it has been done for so many years. For a family like the Sumitomo family, which has survived for hundreds of years, if it didn't even take this precaution, how could it have been standing at the top of the food chain of Japan's chaebol.
There is no doubt that the whole thing was tacitly approved by the Sumitomo family, and even directly directed by them behind the scenes.
However, Su Chenyu doesn't care whether this matter is the meaning of the Sumitomo family or not, anyway, his target has never been "Mr. Five" Yasuo Hamanaka, but Sumitomo Trading Company - which is also the target of all financial consortiums this time.
After thinking about it, Su Chenyu said: "This time, we still hide behind the scenes and push out hedge funds such as Quantum Fund and Tiger Fund. However, this time you have to play a little bigger, otherwise it won't be interesting. ”
"Well, Fund X won't show up easily, after all, the strength of the Sumitomo family is still very strong. Jim Rogers nodded, and said with a sinister smile: "I have discussed with the Morgan family, and decided to raise the international copper price a little more, so that Sumitomo Trading Company can open a little more long copper positions." ”
"That's a good idea, they're so greedy that they can't detect the danger in it, and even if there is danger, they will automatically ignore it. ”
Yes, the risk of continuing to raise international copper prices is indeed very high, after all, once Sumitomo Trading Company decides to take profits, then their group of guys with large empty orders will suffer heavy losses. However, no one thinks that this is a risk, because Yasuo Hamanaka and Sumitomo Trading Company are indeed greedy, otherwise they would not have held so many long positions in copper futures.
Facts have proved that this is indeed the case, when Fund X continued to pull up international copper prices behind the scenes, Yasuo Hamanaka and Sumitomo Corporation did not close as soon as they saw it, but continued to open long positions in copper futures - completely hooked.
So since Sumitomo Trading Company is so cooperative, then what else is there to say, a direct flash crash is the best "reward" for Sumitomo Trading's such cooperation.
When the time slowly came to June, the long position of copper futures in the hands of Sumitomo Trading Company had reached a terrifying point, at this time, Sumitomo Trading Company also noticed that there was a problem, but the international copper price has been falling since that wave of skyrocketing, so that they want to clear their positions but are reluctant to clear their positions. As a result, all the previous floating profits of copper futures in the hands of Sumitomo Trading Company have been swallowed up, and they have begun to lose money.
At this point, this "hunting operation" can finally close the net, just when Sumitomo Trading Company wants to reduce its long position, the international copper price directly continues to dive, and the long position of copper futures in the hands of Sumitomo Trading Company will explode directly!
It came to an abrupt end, and it was all over......