Chapter 231: Seeing the Light and Dying
"Otsuka, the situation is changing so fast, even if it's a mess, now is the time to make a decision. Pen? Interesting? Pavilion wWw. biquge。 info" In the investment department of Sakura Bank, Masao Mitsui said to the old man.
"Stop, properly close some positions above $293, it is very dangerous to hold too much at a high level." Seeing that after the Federal Reserve announced the news of the interest rate cut, the buying orders chasing the price of gold could not keep up, and the old man hurriedly shouted in the investment department.
Almost instantly, many investors stopped their movements, and some even gasped for breath, which brought people a sense of extreme psychological pressure.
"If it's half a minute late, don't say it's the capital side, even the trader's only sense of persistence will be completely swallowed up by the pressure of the market, I didn't expect the main force of the bears to be such a terrible opponent!" found that a small number of traders could not even bear the burden of trading, and Akio Otsuka, who gave instructions, stood up with his hairs all over his body.
"Since the beginning of the decline in the US dollar index futures, the water level of the international gold spot market has been declining, it can be said that the pressure of the entire market has fallen on the head of our Japanese institutions, in the face of a difficult situation, has been relying on the Fed to cut interest rates to stabilize the military's morale, but the reality is that after the Fed cut interest rates, the major markets did not follow the performance, coupled with the international gold spot and there is a strong short-selling agency pressure, and then rush on, even if it is not crushed by the heavy burden, When hope is gradually lost, it will also lead to the disintegration of the bullish army in the air. The woman, Harumi Inoue, suddenly realized the seriousness of the problem.
"Although it is not the time to stop and need to close some high-level positions, but now the buying has weakened significantly, and if we close the position, it will only cause the accelerated decline of gold prices." Akio Otsuka saw a group of traders stop operating, and a sense of powerlessness suddenly emerged in his heart.
"Indeed, after gold saw a short-term high of $293.5, there is already a trend of turning around." The woman, Harumi Inoue, affirmed the old man's statement.
"Mobilize another $3 billion in funds, even if it can't push the price of gold up, we must ensure the safety of our positions." Masao Mitsui arranged for the female secretary who followed him.
"Is three billion dollars enough?"
Although the old man Akio Otsuka expressed doubts, he did not say anything.
Anyone with a discerning eye can see at this time that after a number of Japanese group organizations have invested a huge amount of money, and now when they are challenged by strong opponents, the financial situation is already very tight, and it will be very difficult to stabilize the situation of the entire campaign with three billion US dollars, but it is not easy for the Mitsui consortium.
"The price of gold is now at $293.1, after we stopped sweeping, the selling pressure is more fierce, and we directly start to rush down, do you want to close some long positions?" The old trader almost shouted.
"The pressure of the market is unbearable, if you choose to close the position at this time, you can only die ......faster," the woman Harumi Inoue said quickly, and the look of horror on her face was unmistakable.
"Gold has fallen below $293, and after buyers lost their strength, the market selling pressure is accelerating, and it is now $292.6." By the time the trader requoted, the price of gold had already moved sharply downward.
"Segmented pallets, gold prices can't fall too fast, otherwise it may lead to the short-term collapse of the dollar index." Akio Otsuka hurriedly gave the operation order.
The investment department of the entire Sakura Bank became extremely nervous for a moment, and everyone was staring at the rapidly falling gold price, especially in the case of 100 times leverage, with the rapid decline of the gold price, it was too dangerous for Japanese funds.
"The Dow has almost fallen to where it was before the Fed's interest rate results were announced, and if it goes any further, it will soon hit a new low." A young trader struggles to exhale and open.
"The trend of U.S. stocks is too weak, if this is a new intraday low, it will definitely affect the sentiment of the international gold spot, compared to the reaction of U.S. stocks to interest rate cuts, we will pull the gold price from $289 to $293 above, it is too high, not only the mainstream institutions of short positions, other funds on and off the market find this opportunity, will also be crazy to bite us." The old man Akio Otsuka only felt that it was too late at this time.
"The main reason for the decline in U.S. stocks is the negative rumors of the two major insurance groups, if the rumors are confirmed, the two major insurance groups announced the losses in the dollar index futures, I am afraid that the incident will continue to ferment, and now there is more than an hour before the U.S. stock market closes, what can I do?" The woman, Harumi Inoue, was at a loss.
"It's just a thought, with the help of the results of the Federal Reserve's interest rate cut, if the gold price target is not set at $294, if you can close some profit positions at a high level, maybe it won't be so difficult, from the other party's situation at $293.5 to pay the bill, it is already our operation methods to see through, very targeted at the high level to wait for work." Akio Otsuka has no objections to the Japanese funds, and the method of raising the price of gold this time is very similar to that of two days ago.
"Ueda, what did he do......"
Masao Mitsui, who was on crutches, finally couldn't help but roar, and he had the heart to kill Yuji Ueda.
"It's too late to say that now, the price of gold is falling very quickly, and if we don't take measures, I'm afraid that our position at $293 will be blown up, and a hundred times the leverage can't support the 1% drop in the gold price." Akio Otsuka didn't care about Mitsui Masao's identity at this time, and hurriedly interrupted the old man's anger.
"Is the $3 billion in place? Hurry up and call Sumitomo Bank and ask them to increase their investment in buying positions, and I will talk to Sumitomo Ryuichi personally. Masao Mitsui, who was on crutches, shouted and urged in the investment department.
From the right hand of Masao Mitsui holding the crutch tightly, you can see the nervousness of the contemporary patriarch of the Mitsui family.
"One billion dollars have been credited, and the remaining two billion will need some time to raise." Mitsui Masao's female secretary hurriedly replied.
"Raising? Will the sudden downturn in the market give us time to raise funds? No matter what I do, I have to get the money in place. Mitsui Masao's tone cannot be refused, giving people the feeling of burning eyebrows.
"President, three billion dollars of funds may not be enough, such a large volume of international gold spot, once there is a crisis, if you want to maintain the situation of the funds consumed by the disk, it is faster than burning money." Seeing that the Japanese funds were defeated head-on, Akio Otsuka could only hope that the Mitsui consortium and other Japanese bulls could come up with more funds, even if they were squeezed out.
As a battle-hardened trader, Akio Otsuka knows very well that at such a critical moment, in the unfavorable situation of being calculated, he can only rely on money to speak, and in addition to funds, the comprehensive strength of other aspects of the Mitsui consortium is not useful at the moment.
"Mr. Otsuka, the price of gold has fallen to $292, and there is no intention of stopping the fall, but the sell-off is more turbulent, forming a downward resonance with the US stocks." The old trader said to Akio Otsuka.
"Sweeping, we have to stop here, otherwise the situation will continue to get out of control." Akio Otsuka was so anxious that he took a few quick steps and shouted in the investment department to give operational instructions.
"The international gold spot is 292.2 US dollars, and 200,000 lots are swept!"
The young trader only felt that the open buy position had just been opened, and it was swallowed up by the selling pressure of the market.
"The selling order is too concentrated too much, this is no longer the pressure of the main force of the bears, but the whole market is biased towards the bearish thinking, the short-term gold price has been pulled so high, it is completely the news to see the light to die, even if we invest more money, it is difficult to stabilize the position of 292 US dollars." Finding that a 200,000-lot active buying position disappeared rapidly on the disk, instead of pushing the price of gold up, it broke $292 after changing the price, and the woman hurriedly spoke.
"How can there be so many selling orders, it's like discussing and making trouble together......" In the face of the swarm of single-selling suppression, Akio Otsuka already felt powerless to deal with it.
"The price of gold broke through $292 and is now trading at $291.7, which is accelerating closer to $291, $291.5." The trader's offer is like a talisman for Japanese funds, constantly impacting the will of everyone.
"Before at $293.5, the pressure on gold prices was mostly the bearish mainstream institutions, and the reaction of other parties in the market was obviously delayed. Because the market is in a hurry, the woman Inoue Harumi has no time to count at this time, and the positions of the international gold spot long and short sides are changing rapidly.
"So far, I haven't found out the background of the empty mainstream organization, are you all eating idle?" The old man on crutches trembled with overexcitement.
"Chairman, the phone number from Sumitomo Bank has been connected......
A female informant cowardly summoned an old man on crutches, who seemed to have difficulty communicating with Sumitomo Bank.
"The sell-off is so terrible, let alone $292, even $291 can't be held, we have to hurry up and count the average cost of our positions at a high level." Finding that on the international gold spot market, a number of more than 300,000 hands of selling orders were released continuously, and the woman Inoue Harumi looked nervously at Akio Otsuka and reminded.
"U.S. stocks broke down, only the U.S. dollar index stabilized above $95, and the international gold spot disk, is the price decline increased, the previous long and short divergence, this time has completely fallen to the bearish side, both mentality and operation, have begun to converge." Seeing that the order to sweep the goods just now failed, the traders in the investment department no longer dared to place orders to compete with the ferocious short side, and Akio Otsuka couldn't help but breathe a sigh of relief.
In fact, Sakura Bank's high holding costs into the international gold spot are almost no longer calculated, most of them are opened at 293.5 US dollars and the main force of the short side.
(The first update will be delivered, and there will be more later.) )