Chapter 202: Raising the Hoof and Destroying the Dust
The computers of the proprietary department of Tatfook Bank were all turned on, and Zheng Fan kept walking around, observing the index trends on each computer.
"I didn't expect that the operation of international gold spot has to track so many aspects, and compared with the domestic operation of futures, it is really too far behind!" Unlike Ruan Yuan and Ye Qian, who are just working, Wang Lin is more concerned about Zheng Fan's operation ideas.
"The U.S. dollar index futures contract is still downward, short positions have increased significantly, it seems that the gold price has risen, forming a consistent bet, the new opening of the international gold spot long position, is also very ideal, the Dow has experienced a sharp upward attack, there is already a need for adjustment, this is a good time to make way for the final outbreak of gold prices." While Zheng Fan was walking, he silently thought in his heart.
"Boss, the long and short turnover of international gold spot is not so intense." Because of the trader, Ye Qian felt the changes in the market for the first time.
"How many positions have you opened?"
Zheng Fan glanced at the time and asked about the position first.
"There are already 2.5 million long positions, and now it is 9:50 p.m. Hong Kong time, and there are about 10 minutes before the speech on the US side." Although her shoulders hurt, Ruan Yuan persevered.
"At a sensitive time, the disk will become extremely tense, continue to open a small number of positions, and maintain the disk at $283 to fluctuate, even if there is an expectation, there must be room to deal with emergencies." Zheng Fan raised his hand slightly.
"Are you afraid, is there something unexpected?"
Wang Lin motioned for Ye Qian and Ruan Yuan to look at it first, got up and walked over to Zheng Fan and asked in a low voice.
"Positional warfare is different from sports warfare, now is the confrontation stage, if the economic speech of the big mouth Greg does not blow the wind on interest rate cuts, we always have some follow-up measures, in case of emergency, especially the current gold price, consolidating in the area of $283, and the bottom area of $279, there are still some differences." Although Zheng Fan said cautiously, his expression was very relaxed.
"What are you going to do if something happens?"
When she thought of the heavy long position of the proprietary department of Tatfook Bank, Wang Lin couldn't help but be very nervous.
"Of course, it is to continue to push the gold price up, the gold price is at the $283 line, has been consolidated for more than 20 minutes, and the change of hands is quite sufficient, it is obviously an upward relay pattern, with the buyer's power shown in the market, even if it does not meet expectations in an economic speech, there is also a basis for pushing up the price of gold." Zheng Fan smiled and comforted.
"The source of your confidence is not entirely in economic speeches, is it?" Wang Lin had too many doubts in her heart.
"Who will bet on an economic speech, my confidence is from the need for the Federal Reserve to cut interest rates, and the market at this time is only a preliminary reaction to the expectation of interest rate cuts, and the follow-up will continue to ferment, the most important thing is that the gold price has gone through a medium-term decline, and on the whole, it is at a low point, and there is momentum for a rebound." Zheng Fan lit a flue.
"This morning, you said that the European central banks have cut interest rates early this year, and yesterday the United States reported economic data slowing growth, so is it the general trend for the Fed to cut interest rates?" Although Wang Lin is not sure about the relationship between various aspects, she also has some ideas.
"From the perspective of the world economic situation, the Federal Reserve cut interest rates sooner or later, as long as this expectation does not disappear, it will have an upward traction effect on low gold prices, it is the interest rate meeting does not cut interest rates, and has attracted a lot of people's attention, the reason why I am large long gold prices, just feel that the possibility of interest rate cuts at this interest rate meeting is relatively large." Zheng Fan did not sit under the TV, but returned to his trading position.
"Don't you watch the economic speech?"
Seeing the critical moment, Wang Lin seemed a little hesitant.
"Don't talk about an economic speech, even if you don't mention the interest rate meeting, with today's international gold spot buying enthusiasm, I can still hit the gold price, and I went to see the speech, who will operate, what is the situation of the speech, will be the first time to react on the disk." Zheng Fan smiled informally.
"If you have the ability, why don't you pull it now?"
Wang Lin glanced at Zheng Fan, motioned to Ruan Yuan and Ye Qian, and asked them to sit under the TV.
"I didn't expect a satellite TV to have such a role." For the live economic speech, Ye Qian, who is a minor in English, can understand it a little.
"This Greg's mouth is really big!"
Ruan Yuan's focus made Zheng Fan, who was sitting in front of the computer, have black lines on his brows.
Ten o'clock in the evening of Hong Kong time has arrived, Zheng Fan does not care about the speech on the surface, and in the process of constantly switching the major indexes, he is actually listening with his ears pricked up.
Time passed slowly, not only Zheng Fan was waiting for the dry goods that might appear in Greg's speech, but also some important indices in the Western capital market were surprisingly calm.
Wang Lin's four daughters sat under the TV hanging from the self-management department, listening to the big-mouthed Greg economic speech without blinking.
"Hurry up and spray!"
Even if he didn't see it in person, Zheng Fan could think of Greg's dancing in his speech and all kinds of incitement.
Some words that are not very important and have little nutrition In the past, out of his understanding of Greg, Zheng Fan has realized that the focus of the speech may be coming.
"Has it started?"
Without hearing any talk about interest rate cuts, Wang Lin found that Zheng Fan was already operating in advance.
"As the public knows, although I personally have positive expectations for the economic prospects of the United States, but in the current economy, there are still some negative factors, the job market is still unsatisfactory, especially the slow wage growth affects consumption, so that many people have concerns about economic growth, in the case of inflation is still only a distant threat, the Federal Reserve has reason to lower interest rates, release more sufficient liquidity, and provide vitality for economic growth......" A Westerner in his fifties who is slightly rich, With a wide open mouth on TV, it seems to be able to beep.
"Boom~~~"
Without waiting for Greg to breathe a sigh of relief, the international gold spot price had already been launched from $283 in Zheng Fan's 500,000 large orders in advance
"He said it, and he said it......"
Ye Qian jumped excitedly, and turned her head to see that the international gold spot was erected at a time-sharing time, and there was no price of $283 at all.
"$287~~~ Is this what you did?"
Wang Lin rubbed a pair of beautiful eyes, with a look of disbelief.
This was just a no-brainer, and the price of gold jumped up to $4.
"I just filled the position before starting, and by the way, I knocked out a few pressures above $283, and if you look at the trading volume of four million lots, you should also be able to realize that it is difficult to knock out with the self-operated funds of our Dafu Bank." Although Zheng Fan had an innocent smile on his face, his heart was actually beating fast.
In fact, Zheng Fan was also afraid that Greg would be affected by unexpected factors, so he didn't open his mouth.
"Hello Mr. Gregor, I'm a reporter for the Wall Street Journal, and if the Fed actively adopts a strategy to improve the competitiveness of our United States in an important part of the economy, how many basis points do you think it would be ideal to lower interest rates in the context of central bank interest rate cuts?" A female reporter on TV asked.
"The Fed's benchmark interest rate is 5.50% now, which is still relatively high compared to the interest rates of the major European central banks, and I think the Fed can at least have ......room to lower the benchmark interest rate by 25 basis points," Greg said with his mouth wide open.
In the proprietary department of Tatfook Bank, Wang Lin's three daughters even held hands, jumping excitedly, and the trend of international gold prices was completely beyond their expectations.
"Hey, you're all idle, aren't you?"
Seeing that Greg was talking nonsense with his mouth open on TV, and Wang Lin's three daughters were also squeaking, Zheng Fan couldn't help but point to the computer and summoned the three girls.
"That big-mouthed Greg, do you know that his words have caused a surge in the gold market?" Wang Linqiao's face flushed and asked Zheng Fan.
"Stop it, do you think Greg the Big Mouth is stupid? If he is really the kind of person who barks, it is impossible to speak on behalf of Federal Reserve Chairman Alan Greenspan, although it is based on the need for the Federal Reserve to cut interest rates, but it must also take into account the interests of all parties as much as possible, in the final analysis, in the capital market, it is a game between people, and money is just an auxiliary weapon. Zheng Fan had completely calmed down at this time.
"This guy is really funny, if this is left in the country, even if he is not arrested, he will be dismissed." Wang Linjiao said with a smile.
In Wang Lin's view, although Greg's economic speech caused the international gold price to rise, it is very different from the policy market of the domestic capital market.
"The price of gold is still rising sharply, it is already $289!"
Regarding the huge volume of international gold prices rising from the ground one by one, Ye Qian couldn't help but exclaim.
"From the bottom of 279 yuan, although it has risen by 10 US dollars, the range is less than 10 percent, and the previous decline has not been counted." Although Zheng Fan said this, he began to be secretly vigilant against the violent rise in international gold prices in his heart.
"The average opening cost of our 3.3 million long positions in Dafu Bank is only $283, and if the position is closed now, the profit is almost unimaginable." After Ye Qian checked the account, she reminded Zheng Fan.
"Boom~~~"
Taking advantage of the rapid upward change in gold prices and the bursting of buying power, Zheng Fan had already opened a million lots at the price of $289.5.
"Did you close the position?"
Wang Lin didn't expect that Zheng Fan's statement just now, as if the gold price was soaring wildly, was nothing, and he had already closed the position in a blink of an eye.
"Well, I'm a little scared."
Zheng Fan listened to the truth, but it made Wang Lin's three daughters feel like eating rotten eggs.
"Didn't go down!"
Seeing that one million closing orders were eaten in less than five seconds, Ye Qian couldn't help but glance at Zheng Fan.
(The second update will be sent.) )