Chapter 230: Condescending
In Tokyo, Japan, which is also located in the Asian region, the thirteen-story Sakura Bank is completely lit up in the middle of the night. Pen | fun | pavilion www. biquge。 info
Because of its location in an earthquake-dense zone, the 13-storey Sakura Bank is not as tall as Hong Kong's high-rise buildings, but it is already quite conspicuous in Tokyo's Chuo Ward.
"President Ueda, the pressure on the international gold spot is particularly heavy, above $293, there are obviously short-selling institutions selling, and the target of $294 we set before will not be reached at all." In the investment department on the sixth floor of the Sakura Building, a young trader reported that he was extremely struggling.
"What's going on, with the speed and intensity of the pulse of our disk, there should be no problem for the gold price to see $294, even if there are institutions shorting, it is not immediately able to keep up, why in the process of the gap pulse pulling, it was met with strong resistance." The middle-aged Japanese man standing in the investment department said with a fierce face.
"It seems to be completely targeted, and the institutions that are now short the gold price are paying the bill at $293.5, which makes us hit our heads head-on." The old man standing beside Yuji Ueda already had an anxious look on his face.
"Call Sumitomo Bank and ask them to increase the amount of money invested, and since someone dares to block the way, they will take advantage of the Fed's interest rate cut to eat it." The middle-aged Japanese man with a fierce look looks quite strong.
"Sumitomo Bank's capital investment has even exceeded 10 billion US dollars, and the funds that can be used are getting smaller and smaller." The informant girl said with a slight surprise.
"Sweep the goods, sweep up the price of gold."
Yuji Ueda was in the investment department, dissatisfied with the determination of the staff.
"The international gold spot is 294 US dollars, and 2 million lots are swept."
Even though $293.5 is already under pressure, the trader still places an order at $294, hoping to break through the blockade of the main bears in the market in one fell swoop.
"Ueda-kun, the other party is obviously condescending, waiting for us to rush up, you know, the international gold spot of 293 US dollars, is already a short-term high, it is not easy to climb to this position, we have exhausted, and this short capital is to wait for work, so hard to do, it will be very unfavorable to us." The old man stopped Yuji Ueda.
"Now that the Federal Reserve has cut interest rates, in addition to our Japanese funds, the market has an obvious chasing market, and the momentum is still on the side of the bulls, I believe that as long as we carry large funds, we will be able to crush the main force of the short side of the market, and now is the time to fight for endurance, I don't believe that the main funds of the short side will be better than our Japanese institutions." The middle-aged Yuji Ueda's eyes widened, and the whole person was angry.
"This is just an illusion, compared to the pressure that has always existed on the disk, and when the limelight of interest rate cuts passes, the funds chasing gold prices are likely to be the first to dry up, after all, the market is at a high level, coupled with the short institutions to block, it is easy to make people chasing gold prices cautious." Seeing that the investment department has begun to operate, the old man is eager to get Yuji Ueda to stop everyone.
"The trend of the US dollar index futures before was quite strange, and it was indeed not suitable to fight with the other party before knowing the capital background of shorting the international gold spot." The statement of a Japanese woman in a skirt made Ueda's eyes look cold.
"President, no, the hurdle of 293.5 US dollars can't be pulled up at all, the other party's capital pool is bottomless, not only the investment is very large, but also very stable, not only that, in addition to the main force of the bears, the gushing out of the market is also very large, which is the most fatal." Middle-aged and old traders can no longer withstand the pressure of the market.
"Just a little bit, if you can follow the established goal, the gold price to 294 US dollars, and the first to close the position, there will be enough profits, as well as room for adjustment, but now it is all over, not only did not cash in the slightest profit, but the position at the high level is getting bigger and bigger, if the gold price can not stand in this position and fall, the consequences are unimaginable." The bad feeling in the old man's heart has become stronger and stronger.
"This position is not ideal, it is better to wait for the president to come over and decide." The woman reminded Yuji Ueda.
"It's too late, as long as we relax a little at this time, the gold price can't reach 294, and we can't even keep the current position." The middle-aged Yuji Ueda took a deep breath and clenched his fists with both hands.
As the president of Sakura Bank and the son-in-law of the Mitsui family, Yuji Ueda is definitely a man of the same name in the bank.
Because of Ueda's management efforts and good trading foundation, Sakura Bank has made many gains in the operation of international gold spot in the past.
With the increasing amount of money invested, Yuji Ueda even had greater ambitions and began to gradually test the local situation that affects the international gold price.
This time, through the Fed's interest rate cut expectations, Ueda Yuji has facilitated the cooperation between the Sumitomo family and the Mitsui family, and together with some local investment institutions, they have launched speculation on international gold spots.
"The situation is not right, the major capital markets seem to only have the price of international gold spots, the most intense reaction to the Fed's interest rate cuts, before that, although the Dow Jones has a wave of rebound, but now it has fallen, plus the dollar index is no longer down the break, it can be said that the two major markets closely related to the Fed's interest rate cuts, have no follow-up reaction to the news of the actual interest rate cut." The old man hurriedly came to the computer and led the woman to discuss.
"This time the speculation on international gold, from the first two days ago, it was not smooth, not only the gold price has been pushed up by funds, but also the main force of the bulls took the opportunity to quickly make a profit to escape, otherwise we would not be so passive, today's decline in the dollar index, more sudden, early in the morning to remove the correlation with the international gold spot, but also attracted a lot of money." The woman in the skirt pondered.
"Qingmei, have you noticed that in the US dollar index futures every wave of rapid killing, just when we want to take advantage of the situation, the mainstream institutions that short the US dollar index will immediately close a wave, if it is said that the gold price and the US dollar index can be launched together, the key is that our response is relatively lagging behind, and the disk will be very uncomfortable." The old man always felt that he had been calculated.
"President Ueda, our funds are consumed very quickly, even if the selling pressure does not increase, according to this strength and the short institutions wrestling, we can no longer hold on, from the Federal Reserve interest rate cut news landing, we and Sumitomo Bank above the gold price of 293 US dollars, has worked together to eat more than 30 million long positions, but the main funds of the short have not been exhausted." The middle-aged trader who became an old man quickly reported to Yuji Ueda.
"This kind of strength, in addition to the central banks of various countries, is only a large hedge fund and large investment banks, and the positive has completely fallen behind, what should I do?" At this time, the old man even had, Sakura Bank was a fat man wrestling with people.
"If we don't hold a large number of positions, we can't say that we can still compete with the other party, since two days ago to pull up and open a position, the consumption of funds has not stopped, and the other party is concentrating firepower, attacking at a relatively high price of gold, the situation is too unfavorable for us." The woman shook her head, as if she couldn't bear to see Sakura Bank lose her strength a little.
"Chairman Masao Mitsui!"
Just when the investment department of Sakura Bank was unable to continue, an old man with crutches but a strong man had already walked in through the door and appeared in everyone's sight.
"President!"
Facing the old man on crutches, Yuji Ueda, who was very tough just now, suddenly changed color on his face, and even had a fear that he couldn't hide.
"Isn't it working anymore?"
The old man with a serious face saw Yuji Ueda running in front of him, and his eyes showed a little disappointment.
"As long as we can replenish some more funds, we may not necessarily ......lose" Before the middle-aged Yuji Ueda finished speaking, he was slapped in the mouth by the old man on crutches.
"Smack!"
Before everyone in the investment department of Sakura Bank came back to their senses, another slap in the mouth had been slapped on the face of the middle-aged man by the old man on crutches again.
"Blind and arrogant guy, put you in Sakura Bank, it's just a loss of Mitsui's face, before the funds into the international gold spot when you made a mistake not to mention, take this wave of Fed interest rate cuts, if you don't set the target at $294, how can you be so passive, do you know how much loss your rash decision will bring to Mitsui and the Sumitomo consortium?" After the old man on crutches slapped the middle-aged man in the mouth, he said lightly.
"Yes."
Yuji Ueda, who lowered his head, almost stubbornly admitted.
"You don't have to worry about Sakura Bank and international gold spot affairs, the decision here is all handled by Akio Otsuka." After Masao Mitsui made his decision, he glanced at the old man who was standing with Harumi Dongami.
Although the middle-aged Yuji Ueda's face was ugly, he didn't dare to refute a word, and had no choice but to stride out of the investment department.
"President, although President Ueda is at fault, he is still needed to operate international gold, and I can only serve as an auxiliary ...... for such a large-scale amount of funds" Facing Mitsui Masao's order, the old man looked very worried.
"It's better to let him calm down first, these years have been smooth, but he has cultivated an overly arrogant character, his eyes are blinded, and even if he is allowed to come back, he can't make a correct judgment." Masao Mitsui stood in front of the computer on crutches and looked at the time-sharing trend of international gold spots.
"The state of the disk is already very poor, in order to keep the long position, we do need a lot of capital to continue, otherwise the gold price will turn around and turn sharply, but I am afraid that it will be too late for us to deal with it." The old man trembled and said to Mitsui Masao.
"Is it really unbearable?"
Although Masao Mitsui beat Yuji Ueda, he also has the spirit of not admitting defeat in his bones.
"The amount of funds of the main force of the bears is too large, coupled with the fact that the gold price has risen from $279, and has accumulated a large number of profits, and now the market is slightly turbulent, there has been a large-scale takeback, at this time the gold price is at a short-term high above $293, and the chasing sentiment is not only extremely cautious, but also a lot of funds take the opportunity to sell short, and the pressure from all sides has overwhelmed us." The old man told the truth.
(The second update will be sent.) )