Chapter 197: Head to head
Although it was getting late, the office of the chairman of Ho's Securities on the 23rd floor of the Tiannian Building in Central was still lit.
"Chairman, the open outcry of the Dow futures contract seems to be different from what we expected." Wang Bo, the man in the shirt, rolled up his cuffs and said.
"It's just a shout, it's not enough to be a result, after all, the Dow spot trading time has not yet arrived, even if the U.S. stock market falls in early trading, it doesn't prove anything." Old Man Sven looked tired and spoke lightly.
"Our He Securities, the position in the Hang Seng Index futures contract is not small, and we will continue to operate tomorrow morning, or the chairman will go back first, and I will keep an eye on the night market." The man in the shirt was a little worried, and the old man's body couldn't bear it.
"Let's take a look at it again, the international gold spot trend seems to be a little unusual, and I don't know what impact it will have on the stock market." The old man's suit had already been taken off, and he shook his head.
"London Gold? I remember that during the opening hours of our Hong Kong market, the gold price was quite stable, and there was no change. Because he was just looking at the small trading screen in the office, Wang Bo's grasp of various markets was not so timely.
"Just now, in the intraday of London Gold, there has been a small wave of competition between long and short, and the amplitude of the shock has shown a tendency to expand." The old man tapped on the keyboard and called up the time-sharing trend of the international gold spot on the small screen in the office.
"In terms of trading in one minute, it is indeed a very sufficient change of hands, but it is not so obvious in terms of the entire trading volume of London gold, and after a wave of rebound, the price of gold has once again approached the low of $279, at least on the surface, it is still the advantage of the bears." Wang Bo observed the trend of London Gold and thought about it and expressed his opinion.
"In our Hong Kong trading session, the gold price is still quite stale, but now there is a vague trend to become fierce, I have a feeling, that is, the international gold price of the night market, there may be unexpected changes, but unfortunately the water in London and North American trading hours is too deep, not we can participate!" Old Man Sven sighed and said.
"In the international gold spot, the emergence of active competition, is indeed relatively rare, every fierce fluctuation, often indicates that there will be a big change, but from the previous minute of the volume state, there is no clear conclusion, need to carry out follow-up observation." Wang Bo's view is very realistic.
"That's true, but don't ignore it, now the major U.S. indices have not opened, and now there is competition in the international gold spot market, once the U.S. news is announced in the time period, the volatility will only be more violent." Old man Sven tried his best to grasp the mentality of a bystander.
"Although the Dow spot is not open, but the dollar index is trading 24 hours a day, if the gold price wants to fluctuate greatly, it must be in the case of a change in the dollar index to get out quickly." Wang Bo reminded the old man.
"The U.S. dollar index, has been running at the 98.24 line, and there has been no strong fluctuations, on the contrary, the international gold price has fluctuated in a wide range, and it seems that it has been unable to wait for the timing of the United States." The old man tapped on the computer and said something that surprised Wang Bo slightly.
"Although the leverage of international gold spot is high, it is difficult to do, especially in Europe and the United States, which is not at all something that our Asian investment institutions can grasp, compared to the trend of gold prices, I am more interested in the proprietary market of Tatfook Bank, I heard that the boss who took over Tatfook Bank, is a mainlander, it is really hard to imagine that the second day of the official change of ownership of Tatfook Bank, the proprietary department with large funds, fought such a beautiful battle on the Hang Seng Index futures." Speaking of later, Wang Bo couldn't help but feel a little emotional.
"I haven't heard of it before, there is a capable helmsman in the part of the Tatfook Bank's proprietary market, at least from the perspective of today's operation of the Hang Seng Index Futures, the Taifu Bank's proprietary market is still dominated by short-term speculation, and the comprehensive liquidation of the end market is also a little hasty, this is the tender place, but what will happen in the future, it is difficult to say." There was a slight disdain in the eyes of the old man, as if he was laughing at the self-operated department of Dafu Bank for not seeing money.
"Dafu Bank is recruiting, it seems to attach great importance to the recruitment of talents, in fact, if there is a chance in the future, the chairman can invite the mainlander, I am a little curious about the new boss of Dafu Bank." Wang Bo sat on the sofa and said with a smile.
"It's still a little early, although today's operation of Tatfook Bank's self-operated Hang Seng Index futures, there are some commendable points, but it is only an entry operation, it is difficult to say that it is luck or strength, and the Sengkang ecosystem where Tatfook Bank is located, the situation is not very clear, and now that a mainlander has joined in, it is likely that there will be conflicts of interest." Old Man Sven laughed playfully.
"Does the chairman mean that the Bella family, Sengkang Department Store, and Tatfook Bank may compete for territory around the business ecosystem that is not fully completed?" Wang Bo asked, looking for an opportunity.
"Judging from the operation of today's Hang Seng Index Futures, the mainlander who bought Tafook Bank seems to be very radical, bringing people the feeling that it is not just as simple as getting Tafook Bank, after having the asset of Tafook Bank, it is equivalent to hitting a wedge in the huge business ecosystem, look at it, if you don't make it good in the future, the Bella family will regret giving up Tafook Bank......" The old man was interrupted by a knock on the door before he could finish speaking.
"Chairman, I just got the news from the HKMA that all the proprietary funds of Tatfook Bank have been converted into US dollars through the bank's foreign exchange system." After the door to the office was opened, a middle-aged man in charge of information reported to the old man.
"Convert to dollars?"
Wang Bo was a little sensitive to the middle-aged man's report.
"Do you know where the money goes after the dollar exchange?"
Old Man Sven first glanced at the international gold price, and then asked with concern.
"I don't know, as a privatized bank, the flow of funds in Dafu Bank is very complex, unless it is the managers involved in it, it will be extremely difficult to monitor the movement of funds there." The middle-aged man said a little helplessly.
"You go out first."
The old man nodded, and did not put any more pressure on the middle-aged man in charge of the information.
"It seems a little strange that although Tatfook Bank has branches in Manhattan and London, its main business is in Hong Kong, exchanging a large number of dollars, is it for the suspension of construction in Manhattan and London?" After the middle-aged man went out, Wang Bo asked in surprise.
"Before, Hayszhe International Consulting Company was responsible for the mainlander's asset inventory of Tafuyo Bank, and the suspension of construction in Manhattan and London was actually finished, and it was not going to be a big deal at all, and the mainland had just taken over Tafu's bank, so it shouldn't be so anxious, a large number of dollars were exchanged, and I think it was more for the operation of the capital market settled in dollars." Old Man Sven's eyes narrowed slightly, and he guessed.
"Could it be that the Hang Seng Index futures can't meet the operation of Tatfook Bank's proprietary market? Moreover, in recent days, not only Hong Kong, but also the global capital market has not been very stable, and it is hard to imagine that a mainlander will attack and raise the stake at this time, unless there is the support of a strong investment representative. Wang Bo said with a look of disbelief.
"The price of international gold spot has reached a critical point, but I don't know what kind of state the proprietary department of Dafu Bank is in now." Seeing that the price of gold had returned to $279 again, Old Man Sven shook his head and said uncertainly.
Just when Old Man Sven and Wang Bo were speculating about the situation of Dafu Bank, Zheng Fan was eating and drinking, and he was very happy in the self-operated department.
"Boom~~~"
Without waiting for Wang Lin and her daughters to make a bid, the trend of international gold spot has been slowly falling to $279, and there has been an obvious change.
"The bears suddenly began to exert their strength, there is no meaning at 279 US dollars at all, just smash down, we opened the 678,000 hands of short positions, do you want to take advantage of the short-selling main force to close the position?" Wang Lin asked with a little excitement.
"Are you going to sit down? It seems that the main force of short selling did not realize that we opened a large number of short positions at the $279.9 line. Zheng Fan looked at the time, it was half past eight in the evening, and couldn't help but show a dark smile on his face.
"The trading volume of international gold spot is really large, and if it weren't for the fierce tactics of short selling, it would be difficult for us to easily find each other's movements." Ruan Yuan reminded Zheng Fan.
"The market volume is large, and it is not necessarily not knocked out, the concentration of capital advantages to drive the market's sentiment, this is the so-called speculation, the main force of short selling is so smashed, it seems to be a little anxious, for the time being, it will be treated as an international speculator." Zheng Fan wiped his eyelids and suppressed his restless emotions.
"It has broken $279, and now it is at $278.7, in the case of the second dip to kill the break, the market has begun to vent the selling pressure, and the killing market is very turbulent." Wang Lin said loudly.
"Remember, we are also very strong, you follow my instructions, do not hesitate in the slightest." Zheng Fan's whole person exuded a fierce momentum, which cheered up Wang Lin and the girls.
"Do you want to go head-to-head? With the current amount of funds, I am afraid it is not easy, especially in the case of breaking the position and killing the fall, it is simply operating against the trend. Ruan Yuan couldn't help but get nervous.
"The price of gold has reached $278.6, and it seems that it can't go back to $27......9 by relying on the market's own momentum," Wang Lin hopes that Zheng Fan can wait a little longer, after all, the current Dafu Bank is holding a short position, and it is profitable in the case of a falling market.
"If the decline in gold prices is confirmed, even if there is a subsequent change in the news, it will be difficult to get out of the ideal market, and we must hold the $279 mark." Zheng Fan got up from the small round table and carefully observed the international gold spot time-sharing transaction status on the big screen.
(The first one will be delivered, and there will be a little later.) )