Chapter 198: Fight for Fire
In the proprietary department of Dafu Bank, Wang Lin and her daughters watched the killing of the international gold spot price, and their feelings were very complicated.
"If you close the position at this time and retreat, you will have made a very good profit back and forth." In the face of the disk trend of gold prices, Ruan Yuan gave birth to the idea of closing the bag.
"Whew~~~"
At the moment when the big selling orders of short selling were stagnant and the idle buying orders were back, Zheng Fan's expression lit up and he couldn't help but take a deep breath.
"Close the short position in our hands, 100,000 hands and 100,000 hands, now the gold price is 278.5 US dollars, 278.7 US dollars up to grab the price, fast, close the position at the same time, the gold price will go up, I want to see the 279 dollar mark." Zheng Fan shouted with confidence and gave an operation order.
"Doing so will damage the interests of the short positions we hold...... although Wang Lin resolutely operated, he objected to Zheng Fan's instructions.
"Fool, do you still think that the short-selling institution can push the price of gold to the floor? At this time, if we do not stimulate the short seller, I am afraid that it will be very difficult for us to close the short position. Zheng Fan said with his mouth open as he walked.
"Because of the relationship between our side of the price rush and liquidation, the gold price began to rise, $278.7." Seeing that a large order of 100,000 lots emerged, which had an impact on the falling gold price, Ruan Yuan hurriedly offered.
"Continue to close positions of 100,000 lots, don't give short sellers a chance to breathe, the market turmoil is not enough, and it is not chaotic enough." Zheng Fan's statement made Yao Ling, a female doctor who was sitting in the distance observing the situation, couldn't help but show surprise.
"Boom~~~"
Ruan Yuan struggled to put out a 100,000-lot closing order, and as soon as the gold price hit $278.9, it was counterattacked by the short seller in the market.
"As soon as our closing order goes up, it seems that the bears have also become tougher, and they won't fight for anger, right?" Through the trend of the market, Wang Lin has been able to feel that the main institutions of short selling and the proprietary market of Dafu Bank have begun to surface the sense of competition.
"Let's all move, close all the short positions first, we are very strong." Zheng Fan jumped high and roared, as if his passion had been completely ignited.
"The international gold spot is 278.9 US dollars, and 200,000 short positions are closed." In the face of Zheng Fan's urging, Wang Lin directly placed a large order, and launched a competition for the gold price of $279 with the large selling pressure of short selling.
"Up to $279, don't spend it at the bottom with the main force of short selling." Zheng Fan's hideous face was as if he was going to pull the third girl to his head.
"$279 continues to close positions upward......"
Before Wang Lin put out the 200,000 hands of the closing order, the gold price was smashed to $278.7 by a short order of 100,000 hands.
"This is a counterattack, and before that, the main force of short selling was not so crazy." While Ruan Yuan was operating, her voice seemed to be squeezed out of her throat.
"Takashi ~~~"
In the process of the gold price shaking, Wang Lin hung up all the remaining short positions of more than 200,000 hands in Dafu Bank, and barely took a look at the gold price to $279.
"Short positions are all gone!"
It was only then that Ruan Yuan breathed a sigh of relief.
"Open a long position, hit the gold price up, sweep the goods, sweep hard, you must let the gold price rush up." Zheng Fan didn't even give Ye Qian a chance to calculate, and said to Wang Lin's three daughters.
Fortunately, Ye Qian was prepared and quickly wrote down the amount of funds withdrawn on the books.
"You open a position with a lot of money, and I report the profit." Faced with the white-hot sense of competition in the intraday, Ye Qian said to Wang Lin and Ruan Yuan.
"It's such a fucking shit, get out of the way."
Zheng Fan sat in front of the computer and filled a new long position of 500,000 lots directly at the international gold price of $279.
"Buzz~~~"
At the moment when Zheng Fan pressed confirmation, a huge transaction had been violently enlarged on the disk.
The buying of 500,000 hands is like a big wave crashing on the reef to swallow up the offensive of the short side, and the subsequent intraday trading has come to a halt.
"It doesn't seem like I've given up yet."
After discovering that after a short transaction shock, a large sell order of more than 100,000 hands on the short side reappeared, which did not let the gold price stand at $279 at all, Wang Lin hurriedly reminded Zheng Fan.
"It's just a flashback, they're done."
Zheng Fan first filled in a long order of 300,000 hands, which collided fiercely with the selling pressure of the short side, and then opened a new long position with a sweep of 260,000 hands, which pushed the gold price to $279.
"$279.3!"
Ruan Yuan was really shocked, Zheng Fan's order was fierce.
"Whew~~~"
While Zheng Fan breathed a sigh of relief, the hand speed of the trader increased again, and he took the initiative to open a buy position above $279 with a small and intensive buying position of three to five hundred hands, creating a state of over-the-counter capital influx.
"In addition to the opening of Tatfook Bank's proprietary orders, over-the-counter buying orders have also begun to appear, pushing the futures price up again, forming a culet in the time-sharing." Finding that the international gold price was $279, the entrusted buying position Hula la increased on the disk, and Wang Lin glanced at Zheng Fan, who had finished the operation.
"That's a narrow victory!"
In Ruan Yuan's view, there is nothing more heart-warming at this time than the upward attack of gold prices.
"Do you understand, this is strength, I have said it a long time ago, our Dafu Bank is very strong." Zheng Fan took a puff of his cigar to hide the nervousness in his heart.
"Forget it, if it continues to operate like this, no one can stand it, and when I was in a head-to-head confrontation with the selling agency just now, my heart almost didn't vomit." Ruan Yuan subconsciously patted the crisp chest on the left and said.
"Boss, as a result of the last operation, let me tell you, the previous 678,000 short positions, we opened at an average cost of 279.9 US dollars, and the average price of closing the position was 278.7 US dollars, with a profit of 1.2 US dollars per ounce, and the total profit amount reached 81.36 million US dollars, plus the opening margin of 190 million, the total capital has reached 270.36 million US dollars." Ye Qian's report was very detailed, and she tried her best to let Zheng Fan know it.
"No matter how large the total amount of funds is, he has also tossed it in, and the number of long positions opened this time has even reached 969,000 lots, and the average cost is 278.8 US dollars." Wang Lin glanced at Zheng Fan, and her pretty face was faintly excited.
"If you count the liquidation just now, the long position played by Dafu Bank in just three minutes has reached nearly 1.65 million hands, calculated according to 100 times leverage, and even leveraged more than 50 billion US dollars worth of gold transactions in the market." Ruan Yuan had already realized at this time why the main force of short selling was so fierce, but it failed to completely crush the gold price.
"After the main short-selling force went out, the price of gold rose extremely fast, and now it has reached $279.7, driven by incremental funds." Ye Qian couldn't help but feel exhausted about the wide range of international gold prices.
"Try to see this wave as high as possible, and if the gold price can see $280.5 later, you can close the long positions little by little." At this time, Zheng Fan had already paid attention to the TVs hanging by the self-operated department.
"Do you want to let the price of gold reflexively go down?"
Even when operating plywood futures, Wang Lin didn't feel so tired, and the current frequency of operation in international gold was overloaded for her.
"Just now with the wave of head-to-head confrontation with the selling institutions, has shown the determination of many parties to defend the bottom of the gold price of $279, but also showed a certain degree of control, I believe that $279, today will never be seen again, let you close the gold price at $280.5, one is to cast a solid foundation for the rise, the other is also to test the market purpose, I believe that the next operation, should not be so intense." Zheng Fan smiled.
Including Ye Qian, the three women in charge had different expressions, obviously not believing Zheng Fan's statement.
But no matter what, at least Tatfook Bank has gradually won the initiative in the market through Zheng Fan's operation, and the current operation of gold prices is also very beneficial to the proprietary department of Tatfook Bank.
Just when the atmosphere in the proprietary department of Tatfook Bank was complicated, the Rothschild Investment Bank in London, far away on the other side of the ocean, had a great shock because of the sweep of Dafu Bank in the international gold electronic disk.
At the Rothschild International Bank branch in London, a white-haired Western man of nearly 60 years old was staring closely at the big screen of the gold investment department at this time, watching the multiple kills with a mixture of nervousness and anger.
"Damn, who is the devil in the international gold spot, haven't you found it yet?" Seeing that the traders in the gold investment department were shocked by the rise in gold prices, the white-haired old man could no longer suppress his anger and roared in the investment department.
As one of the four major market-making banks in the London gold market, Rothschild International Bank is extremely powerful in gold trading.
And John Feige, who is at the helm of Rothschild International Bank, has not encountered such a setback in a long time.
"John, this crackdown on the international gold spot is really only a little bit, and the institutions that are long in the intraday seem to be very targeted, and they almost come up and choke your neck when they are about to reach their goal!" A blonde woman let out a sigh of relief, and her face was not very good-looking.
"Can no one tell me, what's going on?"
The white-haired old man lala's face was deep and low, so that the traders of the gold investment department did not dare to look at him.
"The change came too quickly, and even if you find the long institutions in the market, there is no good way to think of it." The blonde woman, as the president of the Bangada Gold Company, has a dismal view of the current situation.
In addition to Rothschild International Bank, the other three are Scotiabank, Deutsche Bank, and HSBC.
"I don't believe that the main force of the many parties entering the market can have more than 50 billion US dollars, this must be speculation, if it is not for you to block it, I will definitely be able to push down the price of gold." The white-haired old man couldn't help but be annoyed by the blonde woman's statement.
"John, you know, Rothschild Bank is not entirely your own, and as a market maker of the big four banks, you are not allowed to use the bank's money to fight to the death in the international gold spot, if you have the energy to be angry, you might as well think about how to deal with the backlog of a large number of short positions, and how to account to shareholders." The blonde woman sneered quietly.
(The second update will be sent.) )