Chapter 319: Dumping Reserves

The investment department of Sakura Bank in Tokyo, Japan, after a period of large-scale entry and sweeping, looked particularly chaotic. Pen "Fun" Pavilion www.biquge.info

"President, the main force of the bears in the international gold spot, the willingness to stick to the $330 mark is particularly strong, and now the gold price has been pushed to $329." The woman, Harumi Inoue, was a little anxious.

"Although New Zealand crude oil has fallen, but before that, the huge positions established by the bears have cashed in a lot, and it is conservatively estimated that there are more than 200 billion US dollars, and the actual amount may be more." Akio Otsuka's report made Masao Mitsui, who was on crutches, frown.

"Taking advantage of the strong decline in oil prices when the position is closed, it is just a wave, and then in the future, Century Holdings will cash in on the New Zealand crude oil profit plate, there will be obvious difficulties, I think for us now, it is still an opportunity, as long as the Century Holdings in the New Zealand crude oil for the first time to close the cash out of the funds, it will no longer be able to stop the gold price attack." Ueda Yuji said ruthlessly.

"I really can't drag it any further, call the Sumitomo Bank in the nuclear area, and let the Sumitomo consortium participate in promoting the gold price." Instead of being anticlimactic, Masao Mitsui was decisive.

Hearing the old man's arrangement, Yuji Ueda hurriedly left the computer and contacted the other Japanese main forces who worked together.

"The price of gold can't be suppressed for too long, it's been almost five minutes, and if you want to pull it up again, you really have to do it as soon as possible." Although the old man Akio Otsuka was worried, he still agreed to Mitsui Masao's decision.

"Sweep the goods, push the gold price past 330 US dollars, how much to sweep, don't be afraid of the Century Holdings' large sales, since you want to fight a decisive battle, let the international gold spot trading volume, completely let go." Masao Mitsui pestle the crutch on the ground, and the operation order was extremely resolute.

"The current gold price is 329 US dollars, and there are still 30 million hands of pressed orders, do you want to take it out in one go?" The woman, Harumi Inoue, made the final confirmation, and people could feel the obvious atmosphere of attacking.

"The warm-up is almost over, and it is not easy to overthrow Century Holdings, of course, it is necessary to come to the real one, and 50 million hands are swept upward." Masao Mitsui raised his crutch as if directing his warriors to charge.

"International gold spot, $329.3 swept 50 million lots." Harumi Inoue quickly taps the keyboard and quickly delivers the first heavy order.

"Boom~~~"

The international gold spot market has stirred up a thousand waves with one stone, and the wind and clouds have emerged again, which does not give all parties a chance to breathe.

"How?"

Masao Mitsui looked at the gold price rising from $328.8, and he was quite powerful.

"Whew~~~"

However, just as Mitsui Masao's words fell, the gold price was smashed back to $329, and the pressure plate of more than 60 million hands was like a huge seal, which suppressed the gold price and made people prohibitive.

"What's going on with the Sumitomo Foundation?"

After seeing the upward stroke, the buyers of the gold price turned off the flames, and Masao Mitsui almost roared madly at Yuji Ueda.

"Sweep the goods, continue to sweep the goods upwards, we can't stop, if anyone is timid first at this time, it will definitely fail." Akio Otsuka hurriedly shouted to the investment department.

"International gold spot, $329.3, another 80 million hands." Harumi Inoue took a deep breath and personally rushed up again, but the target failed to exceed the first time.

"$329.5 followed by 50 million hands."

An old trader finally made the Japanese side's sweeping funds appear continuous.

"International gold spot, $329.6 and another 50 million lots." At this time, Inoue Harumi had already discovered that in addition to Sakura Bank's long funds, there were other multi-party main forces emerging in the intraday.

"Successive large buy orders have come up, and it is good to push the gold price past $330 in one go." Akio Otsuka reminded everyone with his hands clenched.

"$330 continues to sweep 100 million hands."

Harumi Inoue almost roared, which shows that this continuous large-scale sweep also brings heavy pressure to the Mitsui consortium.

"Takashi ~~~"

The gold price on the electronic screen was time-sharing, and the trading volume was soaring, but the gold price never saw the $330 expected by the proprietary department of Sakura Bank, and the whole transaction seemed to have stopped at $329.8.

"President, the bears began to increase their efforts to sell goods, and there were also hundreds of millions of large orders, and our funds were consumed very quickly." Inoue Harumi felt at this time that if she wanted to support the rising gold price, it was no longer necessary to increase the frequency of operations, but she had to make a big order, pay a lot of money, and spend a lot of money.

"The amount of money that Century Holdings can invest is also counted, and they are already at the end of the crossbow, attack, don't forget, there are other Japanese main forces standing behind us." Mitsui Masao roared, completely red-eyed.

"How can the pressure be so strong, doesn't Century Holdings know, if you continue to fight like this, you will reach the limit?" Seeing that the pressure on Harumi Inoue made it difficult to open his mouth, Akio Otsuka couldn't help but feel flustered.

"At the meeting, a number of hundreds of millions of hands were dumped, which was too heavy, and the gold price could not go up to $329.8." Harumi Inoue's offer was almost squeezed out of her throat.

"Oh no, President, the Bank of Thailand has just announced that it will sell 2.21 million tons of gold to replenish its dollar reserves, and the Central Bank of Australia has also announced the sale of its 450 tons of gold reserves, which even accounts for two-thirds of the total gold reserves of the Central Bank of Australia!" The panicked report of an information officer, like a bombshell, exploded in the investment department of Sakura Bank.

"How can this happen when the central bank sells off its gold reserves and returns to the dollar?" Masao Mitsui's legs briefly lost strength, and he subconsciously took a step back.

"President, are you alright?"

Akio Otsuka held up Masao Mitsui, and there was also a horror on his face that could not be concealed.

Masao Mitsui, who was on crutches, shook his hand, but he was a little speechless.

"The dollar continues to be strong, and gold is up a lot, it seems that because of the financial crisis in Thailand, the central banks of some countries are already preparing to respond, if there are central banks to join in, it will cause the gold market to flood!" Akio Otsuka's expression was full of nervousness and hesitation, as if he wanted to persuade Masao Mitsui to let go.

"Hundreds of tons of gold reserves, simply can not be compared with the huge amount of money we have invested, how can the sound of trading stop, can not retreat, at this time must break through the defense line of Century Holdings in one fell swoop." Mitsui Masao is strong and self-supporting.

"The gold reserves sold by the central banks of Thailand and Australia, although they cannot be compared with big speculators like Century Holdings, will have a great impact on the market, and if we can't face it squarely, it will be submerged by the entire market." Akio Otsuka watched the rapid downward movement of gold prices and said anxiously.

"Get out of the way, sweep the goods, continue to increase capital investment, and raise the price of gold." Masao Mitsui pushed Akio Otsuka, and his body shook and yelled at the entire investment department.

"Intensify operations and sweep up the goods."

At this time, Yuji Ueda, who contacted other Japanese funds by phone, had returned to the computer and took the lead in counterattacking.

The sound of intensive computer trading sounded in the self-operated department of Sakura Bank, but in the face of falling gold prices, the large funds of the Mitsui consortium entered the sea like mud cows and were drowned in the rolling torrent.

"The price of gold has fallen below $329, and the market's sell-off is extremely dense and violent. Harumi Inoue had already given up trading and stood up from the computer.

"We have to keep some funds, otherwise once the situation is completely out of control, this battle is equivalent to cutting off the way of life for our Mitsui consortium." Although Akio Otsuka was afraid in his heart, he did not dare to say it.

"President, the price of gold has reached $328.7, judging from the current selling pressure, once we can't support it, there must be an abyss below." A young trader dared to speak, signaling that he would hold the price and not put his position in a dangerous situation.

"This wave of selling is too turbulent, I don't know how many short-selling institutions that have seized the opportunity to come in, otherwise our big order is released, how can it be eaten so quickly, at this time it is not suitable to die of the gold price, it is better to put the gold price down first, and ease the intensive selling pressure......" Akio Otsuka was interrupted by Mitsui Masao before he finished speaking.

"President, you have to make a decision, the international gold spot price has reached 328.5 US dollars." Ueda's urging was like persecution.

"The situation is not right, the price should be lowered, and when Century Holdings did not close its position in New Zealand crude oil before, wasn't it also able to endure it? At this time, the bears are in full swing, we don't need to fight hard, and when the gold price falls back to a certain extent, the selling pressure inside and outside the market will naturally weaken. Akio Otsuka's point of view is clearly to advocate safety.

"Otsuka, I know you are thinking about the whole consortium, but you can't retreat at this time, the financial crisis has risen, the price of gold has fallen so much, and crude oil is not much better, and in the future, once Century Holdings has a short profit position on New Zealand crude oil, we will face greater pressure." Masao Mitsui looked at the overwhelmed trader in the investment department, and immediately said to Akio Otsuka.

"What is going to be done? Century Holdings has a background of Chinese funds, and the central bank of China will not also sell its gold reserves, if that is the case, it will really be out of control. Inoue Harumi was secretly anxious in her heart and guessed.

"Let's work harder, first raise the price of gold to $329, and then go above $329." Mitsui Masao rarely showed a look of please, more for survival.

"Okay, I will definitely help the chairman to do it, the international gold spot, the target is above 329 US dollars, and began to enter the market to raise the price, relative to our big funds, this wave of decline, just suffered some unexpected small negatives, the central bank's sell-off is nothing at all." Harumi Inoue reinvigorated herself and wanted to boost the morale of the people in the investment department.

"There is a chance to ......"

Seeing that the price of gold stopped falling at $328.3 and rebounded step by step, Akio Otsuka spoke as if to cheer himself and others up.

(The first update will be delivered.) )