Chapter 1: Silver Wednesday

On March 26, 1980, at 77 Broadway in Manhattan, in the fifteenth floor of the large and small workshops, traders were in full swing the phone call the moment the market opened. Pen "Fun" Pavilion www.biquge.info

"Silver is currently holding at the $33.8 level and is slowly falling."

"There's no good news, there's no bad news."

"Most of the banks are still waiting and have not given a specific response to the Hunter brothers' proposal."

All kinds of voices came and went, and many people were looking intently at the rudimentary screen, talking loudly on the phone, and they could communicate with each other with a single look.

Suddenly, a trader stood up and said loudly: "I just got the news that First Bank has begun to enter into formal discussions about the mortgage transaction of the Hunter brothers. ”

Another trader stood up like a chain reaction: "The price of silver is starting to rise, and it is currently at $34.2!" ”

The outermost middle-aged white man, who looked like a supervisor, immediately picked up the phone in hand: "Mr. Lee (Lee.jr), the current silver is $34.2 an ounce, good news, First Bank has begun to formally discuss the Hunter brothers' loan proposal with the family business as collateral." ”

After a while, he put down the earpiece in his hand, his expression was a little complicated, and he waved his hand to the trader who was looking at him: "Go on!" ”

There was a whisper, but it soon calmed down again, and the traders were calling again, dialing or preparing to call.

Time passed like this, the price of silver continued to fluctuate, the good news kept coming, seeing that the trading day had passed halfway, the price of silver was also announced to fall below $30, and the boss still did not take any action, and then-

"Oh my God! The Becky Company announced the forced sale of silver futures for the Hunter family! A trader listened to the receiver for a few seconds before suddenly popping up and screaming excitedly.

Then, several traders who were in contact with the exchange at all times also shouted, "Oh God! Silver prices began to plummet, $27, $26, $25 ......"

Everyone was boiling, or surprised or excited, picked up the phone and looked at the screen, all kinds of voices came out, buzzing, noisy.

The supervisor over there immediately picked up the phone and notified the boss, but after saying a few words, his expression was obviously a little sluggish, but he immediately shouted in a louder voice: "Shoot immediately after falling to $15!" ”

On March 26, 1980, after which the futures world called "Silver Wednesday", the well-known Hunter family in the United States lost so much money in this speculative silver case that they had to sell their family property one by one in the following years to pay off their debts.

This is also the last influential hoarding case in the history of American finance, after which financial speculation is the world of all kinds of derivatives.

Some estimate that the Hunters lost at least $3.4 billion, including $1.1 billion from the federal government -- the Hunters have at least 50 million ounces of silver, and if they were all thrown out, the market would collapse, and the federal government would have to come out with the money to save the Hunters and the banks that lent them money.

Although many people have lost money in this speculation, a small number of people have made money by shorting, including discerning traders, white gloves who know what is going on behind the scenes, fools with good luck, and ...... Rich five generations of reborn.

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"Thank you, Mr. Wood, it would have been difficult for me to profit from this silver storm without your help." After signing his paperwork, Li Xu stood up and stretched out his hand to the middle-aged man behind the desk.

"My pleasure, Mr. Li," the middle-aged man said, "I have to say, it was a very good fight, and in the months and years to come, whether it was a Wall Street trader or a bank executive, it will be relishing." ”

"That's not what I want." Li Xu said half-jokingly, shook hands with the other party and then left the office.

He went all the way to the bathroom, and then straightened his clothes in front of the mirror, looked at the obviously mixed-race face inside, and sighed silently.

That being said, it's impossible not to be noticed, he looks like he's in his 20s now, but in fact he turns 18 in 2 months. Before he was a teenager, he made $50 million in the market by shorting, even if many well-known figures in investment banks did not have this result, which was 50 million in 1980.

"It's just 10 times the profit, and it's still far from the goal." Li Xu muttered like this, turned around and walked out of the bathroom.

His goal is simple, to earn enough pocket money of 10 billion yuan by 1993, and then squander it while making more money.

This goal is not difficult in terms of his current family situation, but it is definitely not easy, although there are a lot of opportunities to make money in the 80s, but to achieve the set goal, there is no other way than to speculate in the financial industry.

But if you want to play financial speculation, you must be careful of the storm set off by his butterfly, even if the reborn golden finger makes him remember some money-making opportunities clearly.

Just like in this incident of the Hunter Brothers speculating in silver, the memory is that on Thursday the 27th, the Becky Company, which borrowed money from the Hunter Brothers, couldn't stand it and announced a forced sell-off, which led to a sharp fall, and then fell all the way to $10 and then rebounded to $15.

However, Li Xu's principal was only $5 million, but it caused a sharp drop in advance, not to mention, and even rebounded to $18.

Fortunately, the stop loss is $20, plus the first short, always be cautious, knowing that he originally planned to wait for a drop of $13 before making a move. The lowest price in my memory is $11, but if you want to make a profit by shorting, you obviously can't wait until the lowest price to make a move, and once no one takes over, it will be self-defeating.

$13 is not insurance, and it is too close to the lowest price, so Li Xu simply raised it to $15, it doesn't matter if he earns a little less, but he must not smash the pot in the first battle.

Luckily, he was lucky, and for all these reasons, he got the results he wanted.

However, the biggest help came from home, such as introducing him to a mature team and providing him with the information he wanted, not to mention the "careful training" of the past 17 years, as well as ...... Powerful enough background.

You know, he visited Goldman Sachs when he was 6 years old, Morgan Stanley when he was 8 years old, and by the time he was 16 years old, he visited the headquarters of some famous banks on Wall Street, whether they were commercial banks or investment banks.

"Why do I have to be careful at home to make 50 million? Why can't I make billions of dollars as easily as those rebirth novels in my previous life? Li Xu came downstairs with a grunt and got into the car that he had been waiting for for a long time.

"Go to my father's." He said to the driver.

In fact, he has done a very good job, from making a snake at the age of 12 to earning the first pot of gold, to making 10 times the profit for the first time when he was shorting alone, and he is not yet 18 years old. It's a lot of credit for being reborn well, but if you don't have the ability, that's not okay, so Wood would say that Wall Street will talk about it for months and years to come.

After two streets, the destination is reached, not far apart, and it doesn't take much time to walk, and the main thing is to ...... Well...... Trappings.

Looking at the Morgan Stanley Building in the distance, Li Xu walked into the office building in front of him, took the elevator to the 24th floor, and went straight to the outside of the chairman's office after greeting the front desk.

"Mr. Li is already waiting for you, Mr. Li." The female secretary sitting outside stood up for the first time.

"Thank you, Mary." Li Xu nodded, watched her open the office door, and made a gesture of please.

She looks less than thirty, but in fact she is in her early thirties, her hair is brown, her eyes are blue, her figure is very good, she is very tasteful when she wears OL clothes, she is usually low-key, almost unobtrusive, and her ability is also very good, no wonder she is the heart of the old man.

Thinking like this, Li Xu walked inside, wouldn't it be nice if I had such a female secretary in the future.

"Hi, Dad." After closing the door with his hand, he greeted his father in this life on the chair in front of the wide desk.

"Hi, II." The middle-aged white man behind the desk put down the materials in his hand, raised his head and responded with a smile.

Although he is forty-eight years old, he looks like he is in his early forties, wearing an elegant handmade suit, his thick brown hair is neatly combed back, and his facial features are very three-dimensional, which has the charm of a mature man, as well as the majesty and bearing of a superior.

Such a charm, no matter where it is, will be the focus of women's attention.

Edward? Pierponte? Li, this is Li Xu's father's name in this life, and his name is naturally Edward? Pierponte? Lee II.

Well, it's still surnamed Li.

"You should know?" Li Xu asked directly.

"Yes, well done, II," laughed old Edward, "even I couldn't have done better. ”

However, hearing his father's praise, Li Xu just twitched the corners of his mouth: "Then, ...... as agreed."

The words that came to his lips suddenly swallowed back, and his brow furrowed as his eyes fell on the papers on the desk.

"This is ......," Li Xu narrowed his eyes and looked at old Edward.

"The earnings of the last few days, you know, silver plummeted." Old Edward said in a good time.

"Okay, let me guess," Li Xu sighed, "You let your traders trade with my traders, and what my traders do, your traders will do what they do?" ”

"Bingo!" Old Edward snapped his fingers.

"So," Li Xu sighed again, "how much principal did you invest, Dad?" ”

"Hmm...... Almost 10 million. Old Edward recalled.

Holy! Li Xu couldn't help but burst into a foul mouth in his heart, the Hunter brothers lost a total of 3 billion, and you alone took one-thirtieth of it?! I said how could the Becge company not survive and advance it, and I said how could it rise to $18 in the end......

Taking a deep breath, he immediately controlled his emotions, this kind of thing is inevitable, it is impossible for him to eat meat alone, others are just watching from the side, not to mention his own father, besides, the connections and information are provided by the family.

"Okay, so what about our agreement?" Li Xu pulled the topic back.

"I've got a deal with Derek? President Curtis is over the phone, with this sniper silver score, you have no problem applying to Harvard Business School after high school, as long as you have a passable SAT or ACT score. Old Edward said quickly, "Of course, it doesn't matter if you fail the test, it's nothing more than spending more on donations, and you still have a lot of pocket money, isn't it?" ”