Chapter 779 CFA Meeting

Early the next morning, Jason drove Anya to school, and Han Xuan stood at the door to say goodbye to the girl in the car. Pen "Fun" Pavilion www.biquge.info

By eight o'clock, people were coming to the villas on the Upper West Side, dressed as if they had been carved out of a mold.

Except for the color of the tie, the rest are black leather shoes, black suits, white shirts, and briefcases in their hands, which are very magnificent......

Han Xuan sat in the old man's study and waited for a while.

More than a dozen chairs were arranged in an arc across the desk, and Dawson stood behind him.

When all the chairs were filled, he asked, "Are you all here?"

"Yes, boss, all the CFA (financial analysts) in the branch who have been exposed to metal futures are here. ”

Keynes, about forty-two or thirteen years old, the head of the Wall Street division of Snow Mountain Investment Company, replied that he was British, with a thin face and deep-set eyes, and looked very capable.

Han Xuan plays with the limited-edition fountain pen of Kai Landi, a $160,000 fountain pen with a white gold-plated 18K gold nib, set with 1,230 bright diamonds, and a body and cap made of 18K gold.

Worth as much as a Ferrari supercar, it glows in fine colours when the sun shines on it.

Looking around at these gold-collar classes in front of him, Han Xuan said:

"Alright then, let's have a meeting now.

I looked at the information I collected last night, what do you suggest about that project?

Listen clearly, I want advice, not opinions.

No matter what you think, I'm going to carry out this plan, so there's no need to waste saliva trying to persuade me. ”

Many CFAs who were about to speak suddenly closed their mouths, and when it came to this, it was not something that a person with a brain would do to make the boss unhappy in vain.

"Yesterday's closing copper price on the London Metal Exchange was in US dollars, down 1.3% from the day before, down 4.34% for the week, and down 9.08% in the last three months, and is expected to fall again. ”

As soon as one of the financial analysts finished speaking, the other continued:

"BHP Billiton, along with Rio Tinto, Vale and other companies, have announced an increase in copper mining this year, an increase of about 5%, and the world's copper consumption in the first quarter increased by 3.3% over the same period last year.

If nothing else, there will be a slight surplus of raw materials, and coupled with the recent downturn in copper prices, it should fall further to a low of around $2,750 a tonne.

This is the data given by the chief financial analyst of Bloomberg, and my modeling study is lower than his, only $2,710. ”

Japan's Sumitomo Corporation, the 22nd of the world's top 500 companies that currently own some or all of the shares in many copper mines and smelters in countries around the world, including Chile and the Philippines, is trying to raise copper prices.

Their trader, Yasuo Hamanaka, currently has more than 2.1 million tonnes of copper futures in his hands, controlling about 6.1% of the LME's trading volume and open interest.

But I am not optimistic about Sumitomo, because the high price of copper is not in the interests of the United Kingdom, France, Germany, and the United States, which lack copper mines, and it is fighting with several countries.

A group of venture capitalists with the shadow of the government, with a total amount of more than $4 billion, are trying to bring down the price of copper, so I also think that the price of copper will fall further......"

These people opposite Han Xuan expressed their opinions one after another.

Of the 14 people out there, only two believe that the price of copper will rise, while the other 12 financial analysts believe that it will fall.

Dawson took minutes of the meeting next to him, occasionally glancing at the pensive look of the little boss, who was a little worried about whether this huge gamble plan would succeed.

However, the previous two venture capitalists comparable to textbook cases have achieved great gains, which made him confident in Han Xuan, do his job well, and continue to summarize the key content of the meeting.

"What do you think?

Mr. Keynes. ”

Han Xuan sat in a chair with his fingers crossed on his chest.

His grandfather, John Maynard Keynes, was one of the most influential economists in modern economics, serving as the first president of the World Bank.

The macroeconomics he founded, together with the psychoanalysis created by Sigmund Freud and the theory of relativity discovered by Einstein, are called the three major revolutions in human knowledge in the twentieth century.

The elder Keynes's grandson, Matthew Keynes, like his grandfather, graduated from Cambridge University in England and successfully earned a doctorate in economics at the age of 34.

People like him, who came from a family and studied with Nobel laureate economist Franco Modigliani, have a very strong view of the economy, and have a clear view of the economy.

can make achievements in macroeconomics, and it is even more handy to deal with specific matters, so Han Xuancai did not hesitate to pay a salary of 3.5 million US dollars a year to poach him from Morgan Stanley and hire him to be the director of his branch.

Mr. Keynes Jr. crossed Erlang's legs, put the folder on his lap and opened it, and said: "Recently, the joint venture capital organization led by Soros has been gaining momentum, and the open positions in their hands are enough to support another month and a half.

Japan's Sumitomo has lost more than $800 million due to the fall in copper prices in recent months, forcing it to continue fighting.

According to the clues I gathered, Sumitomo gave Yasuo Hamanaka two billion dollars to eat the futures contracts that Soros sold off.

Don't look at Soros to suppress copper prices a lot, but Sumitomo will definitely make another effort, because once the copper price rises, Sumitomo will not only not lose money, but also make a lot of money from it.

That Japanese consortium has influenced the world copper price for many years, and it is impossible to admit defeat easily.

So I think copper prices will fall again in the near future, and as for when it will fall, it should be in early or mid-May, after which copper prices will be pulled higher again.

Soros underestimated Sumitomo and the paranoid character of the Japanese, this time he will fail, but it is enough to earn a lot of money to continue to compete with Sumitomo, about this copper price crisis, it is absolutely impossible to end it if one side cannot hold it.

I think Soros has a bigger chance of winning, they have the support of the government, politicians are shameless, and when Soros can't hold on, he will definitely help him. ”

Keynes said this calmly, and even thought about the future development trend, which proved that in the previous life, the US Commodity Futures Trading Commission and the London Stock Exchange did at the same time, as he said.

This wonderful remark made Han Xuan couldn't help but want to applaud, and said to little Keynes with a smile: "I am willing to give you an annual salary of 3.5 million US dollars."

Then buy copper prices fall for a month, and you will preside over this shorting, Mr. Keynes. ”

Keynes shook his head, "Financial analysts can't personally participate in real trading, that will affect our judgment, people are emotional creatures, you don't want to lose money, right?"

So I'm going to continue to do my analytical research.

As long as the news can keep up, not to mention how much it can make you, at least it won't make you lose money. ”

"That's enough, thank you for your help, then I'll find someone else to take care of the operation.

Three percent, as long as you make money, no matter how much you earn, I will give you a reward of 3% of the profit. ”

The corners of Keynes's mouth turned up, and then he asked, "How much are you going to invest this time?"

"Let's get a billion dollars first, I'm going to try the water of the London Metal Exchange, how deep ...... it is" (to be continued.) )