"President, if the price of gold falls to $290.5, our high-level positions will be blown up. "In the investment department of Sakura Bank, Harumi Inoue, who couldn't come up with a good solution, could only shout to Masao Mitsui who was calling.www.biquge.info

"$291 must be held up even if you die, and when you hear it, you will open your mouth, and when the critical point of liquidation appears, it will be too late, and you must first wear off the sharp energy of the short side, so that you can also buy time to raise funds." Masao Mitsui, who was on crutches, had not yet left the phone before he gave an order to the Ministry of Investment.

Because the price of gold fell too fast, no one in the investment department of Sakura Bank, from the person in charge to the trader, dared to delay.

In the face of the crazy leakage of the international gold spot market, everyone knows that if they can't come up with a way to be killed by the main agency of the short side at this time, it will be a matter of minutes.

Just when the investment department of Sakura Bank was in chaos, the ninth-floor proprietary department of Tatfook Bank in Central, Hong Kong, although there was also an excited atmosphere, it was because of joy.

"Boss, this time we have opened a total of 50.7 million short positions in the international gold spot, with an average price of $293.4 per hand, almost the high level of this rise, we occupy the vast majority of the opening volume, and now the gold price has begun to fall, obviously out of the cost area." Ye Qian stood up and smiled at Zheng Fan.

"Now is not the time to be happy, Greenspan is about to be interviewed, although the Fed cut interest rates to see the light of day, but the follow-up monetary policy will still attract attention, if he said anything in the interview will consider cutting interest rates, the market will definitely have a fierce reaction." Zheng Fan smiled a little meaningfully.

"Although interest rates in various countries are now in a downward channel, they have not yet reached the extent of adjusting twice a year, Citibank has done research before, and believes that the Federal Reserve can cut interest rates once this year, which is already the limit, and if interest rates are cut again, it will be very unfavorable to the economy." Delia shook her head.

"Boss, the price of gold is going to be $291, and now it's at $291.2." Ruan Yuan said excitedly.

"Close the position above $291 or you could get tangled." Zheng Fan's sudden decision made most people in the self-management department unable to understand.

"Two days ago, the main Japanese institutions greatly increased their involvement, coupled with the subsequent maintenance of the disk, and forcibly pulled up, it is estimated that their amount of funds has not been squeezed much, at this time, hard work, may be able to blow up the Japanese institutions in a large number of 293.5 US dollars, just the last breath......" Ji Er did not wait for the idea to finish speaking, Ye Qian and Ruan Yuan had already played a closing position at 291.1 US dollars.

"The emaciated camel is bigger than a horse, even if it is only the last breath, it is not so easy to swallow, the strength and heritage of Japan's big conglomerates, far from being so simple, and now the most important thing to guard against is the uncertainty of Greenspan's speech, this kind of risk that cannot be controlled, is also a big threat to us." Zheng Fan grinned.

"We have a very large open position, and although the market is now very surging in selling, it will take some time if we don't close it with a lot of money." Ye Qian said while manipulating.

"What are you waiting for, since the account has been opened, hurry up to help the hedging position close, the big order must not be played, otherwise in terms of our position, once the momentum of the decline is shaken, the rhythm of the closing will be greatly delayed, within five minutes, strive to close all positions between the gold price of 291 and 291.3 US dollars." Zheng Fan urged Luo Hong and the others.

"What if the price of gold goes up?"

Just when Luo Hong and others were put into operation, Di Liya was already the second idle person in the self-management department.

"Cash out a part of the profit first, even if the gold price goes up, it doesn't matter, I can wait a little longer, to the extent that the gold price has risen before, the gradual shock and fall will be the main tone, in this process, you can calmly close the position a little bit." Zheng Fan got up from the computer and said with a faint smile.

"There seems to be no action on the Japanese side of the fund, and compared with the previous momentum of pulling up, it is too conservative now." At this time, Di Liya couldn't understand the state of the international gold spot disk.

"There is a way that at this time and that time, the market state changes, will inevitably prompt Japanese funds to make changes in operation, if with the huge selling pressure of the entire market, it is really not far from death, if the Japanese funds are not closed at 292 US dollars, today everything has to completely blow them up." Zheng Fan said with a look of pity on his face.

"Even if the Japanese funds retreat, there is not a lot of room for patience, do you want to watch the high-level long positions being swallowed up?" The brown-haired young woman asked with a calm expression.

"They were supposed to take action, but now that someone is helping to resist, it's hard to say, if I were the main force of the bulls, I would definitely carry it to the end at $291, because once this position is not guaranteed, their high position will completely lose its margin of safety." Zheng Fan explained to the young woman with a smile.

"It's hard to say what it means, is it because the capital chain of Japanese institutions has been very tight? It can only be for this reason that it will affect its subsequent capital investment. Di Liya muttered thoughtfully.

"When a person is in a difficult situation, when he is shy in his pocket, if someone comes to help pay the bill, will you continue to pay for it? Under the pressure of the market, it is prudent to keep the capital and ammunition in case of emergency. Although Zheng Fan took into account many factors, he did not expect that in the case of sudden changes in the market situation, it will take some time for the follow-up fund raising of Japanese institutions to be in place.

"Boss, the closing is quite smooth, within two minutes, has closed nearly 2,000 hands of short positions, because it is the relationship between the rise and fall, the market selling is particularly heavy, the gold price is around 291 US dollars, almost can't raise the head, with this degree of selling pressure, it is not good that the gold price will continue to fall." Ye Qian's eyes widened slightly.

"For a period of time, as long as the Japanese institutions can still come up with money, they should be sworn to hold on to $291, as for what will happen in the future, it is estimated that in the situation of failure to do the market and tight funds, Japanese institutions choose to build positions on high prices is the first choice, so even if the gold price rebounds upward, it is considered a heavy insurance for us." Zheng Fan said with a smile.

"Relying on the operation of the market itself, will it swallow up Japanese institutions little by little?" Although Di Lia said this, she thought of many possibilities.

"There is no doubt that after the failure of the Japanese funds this time, they will be completely exposed and become a live target, but it is not easy to say how much foundation this Japanese institution has, if it is desperately resistant, it will take a lot of effort to completely take it down." Different from the relaxed expression on the surface, Zheng Fan's thoughts tended to be cautious.

"Are you afraid that if you can't break through $291, you will be entangled and increase the uncertainty of working capital? It may be right to take it when you see it, but the background of Japanese consortia and institutions is indeed not comparable to the two major listed insurance groups, and the nature of funds is very similar to that of Tatfook Bank. Di Liya somewhat understood what Zheng Fan meant.

"Although another wave of pressure also has a winning side, but it is far less than the gold price at a relatively high level to take the initiative, the Federal Reserve interest rate cut for gold prices does have a substantial benefit, if the Japanese group institutions endure the pain to reduce their positions, once they want to try to pull the gold price up, there may still be an opportunity to attack it." In good times, Zheng Fan's priority is the safety of extreme speculation with large funds.

In Zheng Fan's view, it is already very good to catch the operation law of a wave of Japanese funds and drink it head-on, while he calculates others, he will definitely be watched by people with intentions, especially in the case of extreme speculation of huge positions, once there is an unexpected situation, it is difficult for Dafu Bank to deal with it, and the room for turning around will be very small.

"Boss, the price of gold has started to rebound, and it is now at $291.5, and we still have more than 25 million short positions that have not been closed." A wave of concentrated selling pressure passed, and seeing that the gold price was at $291, Ye Qian hurriedly informed Zheng Fan.

"Don't worry, since half of the position has been out, we can wait relatively calmly." Zheng Fan smiled and comforted everyone.

"If it exceeds the $291.3 that the boss said, do you want to stop closing the position?" Ruan Yuan said to Zheng Fan.

"Stop, what is needed now is patience."

Zheng Fan did not hesitate to stop, and immediately quietly observed the trend of gold prices.

Different from Zheng Fan's calmness, in the state of Dafu Bank's capital and the continuous expansion of positions, Ye Qian has clearly felt the difficulty of opening and closing positions.

If it weren't for the crazy rise of Japanese funds before, which provided Tatfook Bank with an opportunity to take a counterparty, I am afraid that it would be almost impossible to establish such a large number of short positions in a short period of time.

"The closing order has been very cautious, except for the first few transactions, there were no orders of more than 50,000 hands after that, but even so, it was only half of the position!" Ruan Yuan has been deeply aware that in the future, Dafu Bank's proprietary operation will become more and more difficult.

"Did you watch Greenspan's interview?"

Regarding Zheng Fan's move of pulling a chair and sitting not far from a hanging TV, Di Liya couldn't help but be a little curious about what the chairman of the Federal Reserve in the real-time TV news would say.

"Whew~~~"

The dense keyboard sound in the self-management department quickly stopped, Ruan Yuan breathed a sigh of relief, and even Jiao Yan was already red.

"If it weren't for their help, I'm afraid that this wave of liquidation would tire us to death!" Ye Qian also felt unusually tired when she met Zheng Fan's delicate closing requirements, and looked at Ruan Yuan and sighed.

"Although the U.S. economy has fallen into short-term sluggish growth, it has generally remained stable, and if it still fails to meet economic growth expectations after this rate cut, the Federal Reserve does not rule out the possibility of cutting interest rates again this year to stimulate the economy......" Greenspan's remarks in an interview, although ambiguous, but as Zheng Fan expected, mentioned the possibility of another interest rate cut.

"Even such tiny details, have you counted them? If it were not for a strong grasp of economic policy, such experience would not have been possible, and this would not have been possible at all. At least Delia, who also pays attention to the news, did not expect that there would be such a follow-up stimulus for what the Fed chairman said in an interview.

(The second update will be sent.) ）