Chapter 197: Fighting Futures Again

There was silence for a long time.

Several executives came out one after another to remind Tang Bao to be cautious. In response to these kind reminders, Tang Bao could only nod in response, but it was impossible to change his mind. In the face of low-hanging fruit opportunities, it would be a waste to watch them slip away.

"Hmm, boss...... There are fifteen trading groups in the futures trading department, and the performance is good and bad, but the only one that has not made a profit is the gold futures trading group, which is like a curse, no matter how hard it tries, it just can't fit with the general trend of the market. To be on the safe side, please also ask the boss to decide carefully. Today, holding 200,000 ounces of gold futures is a big burden just to add margin every day. Erwin stood up, heavy. As the head of the futures trading department, I naturally know better than others.

Let's be honest.

If he can call the shots, he also wants to directly lay off the gold futures trading group, because the existence of the gold futures trading group has seriously dragged down the overall performance of their department. The gold futures trading group occupies a large amount of funds, but does not make a penny, but will eat away at the profits of other trading groups. For this reason, other futures trading groups have quite a lot of opinions, and some people even ran to him to complain.

After all.

On the one hand, the distribution of year-end bonuses will take into account the overall performance of the company, and at the same time, it will also refer to the investment income of various departments.

For the futures trading department, the gold futures trading group is a pitfall, harming the interests of the entire department.

"Oh? Erwin, you also don't believe in my gold price direction prediction? Tang Bao asked with a smile.

"Uh...... Boss, I just don't have confidence in the gold futures trading group......" Erwin said with a wry smile, he was telling the truth, the gold futures trading group was at home, and he really didn't dare to have confidence. Besides, the gold futures trading group has caused dissatisfaction among other team members, and even if he is pretending, he has to express his opposition. So regardless of other people's opinions. He has to stand up resolutely against it, otherwise the people's hearts will be scattered and the team will not be able to lead it.

Burst.

Hearing Erwin say such bitter words, Tang Bao couldn't help laughing, and thought to himself, it seems that the gold futures trading group is really pitted.

……

Opinions still have to be listened to, but whether they are adopted or not is not necessarily.

"Well, maybe the performance of the gold futures trading group is indeed unsatisfactory, but this time, they really have the right direction. Such a great opportunity. We can't be deterred by unwarranted curses and fears! I've decided to continue to short gold futures! After listening to everyone's opinions, Tang Bao only paused for a moment, and then decided to continue to short gold futures.

Without any hesitation......

Everyone couldn't help but be speechless for a while, seeing that Tang Bao patiently listened to their opinions, they originally thought that Tang Bao would change his mind, but this was the result.

Alas.

What you say is what you say.

on this.

Horst had expected it, and the boss's style had always been like this, "You said yours." He listened to him, but when it came time to make a decision, he would still come according to his own ideas, and no one could change his mind at all. ”

"Hmm. In the next time, Phoenix Investment Group will go all out to short gold, so happily decided. Just break up if it's okay! Tang Bao waved his hand and said with a smile. Details about shorting gold. He didn't mean to reveal it at the meeting, after all, there were a lot of people.

"Wait a minute, Don. What you call going all out to short gold. To what extent? Or how much more money is Phoenix Investment Group ready to invest? Tostan asked nervously, he couldn't stop Tang Bao from making a decision, but he didn't want to be so confused.

"How much does it cost? Naturally, the more the merrier! Phoenix Investment Group invests as much money as it has! Tang Bao said firmly.

"What, you're ......crazy," Tostan said in general, suddenly realizing that something was wrong, and stopped in time, but what he wanted to say, everyone knew.

Scold.

Looking at Tostan's surprised expression, Tang Bao only showed a faint smile and went crazy...... Naturally, he is not crazy, if he does not seize the opportunity, he will be stupid.

"Dismiss!"

Tang Bao said with a smile, he didn't plan to explain anything to everyone, anyway, no one would believe that the price of gold would fall. He can also understand the mood of everyone, the trend of gold prices is steadily rising, the dollar is constantly depreciating, and the banking crisis is looming, and the price of gold is rising. It's hard for anyone to believe that the price of gold will plummet!

"Hoo ......"

While many high-level executives were terrified, Horst's breathing became rapid with excitement, and his heartbeat continued to accelerate.

Tang Bao gambled all his net worth to fight again, crude oil futures, stock market crisis, every time. Suddenly, Horst's heart became expectant.

Meeting.

Everyone gradually dispersed, and only Lady Annette, Horst, Nick and the others remained, and they understood that Tang Bao should have a more detailed plan.

"Erwin, go and invite all the members of the gold futures trading team!" Tang Bao instructed with a smile that the operation of shorting gold naturally had to be handed over to the gold futures trading team, and he needed to make a plan in advance.

"Yes, boss."

Erwin said yes and rushed out of the room.

Within minutes, Erwin and the members of the gold futures trading team were in the room.

"Hey, it's only six people? So little! Tang Bao looked at the members of the gold futures trading group standing beside Erwin, and was very surprised.

"Boss, the performance of the gold futures trading group is miserable, and the position in the futures trading department is also a little embarrassing, and many traders have applied for transfer." Erwin explained.

"Oh."

Tang Bao realized, yes, people go to high places and water flows to low places, the performance of the gold futures trading group is not good, and it is common for people to want to get out of this environment. However, Tang Bao feels that those who can persist in staying in the face of adversity are more valuable.

"Sit down!"

Tang Bao motioned for everyone to find a seat and sit down, and then he was also looking at these people, and suddenly felt that one of them was somewhat familiar.

"Legge?"

Tang Bao subconsciously shouted.

"Ah, boss, do you remember me?" Legge looked at Tang Bao in surprise.

"I remember you worked in the stock trading department, how did you get transferred to the gold futures trading group? What was wrong? Tang Bao asked curiously. He was one of the companies that he had done with BP Oil's stock.

Let's be honest.

Legge was quite impressed.

"Tell me how you were assigned to the gold futures trading group, if it's not a big problem, I will allow you to go back to your original department." Tang Bao quipped.

"Distribution? Uh, boss...... I applied to be transferred to the gold futures trading group on my own! Legge touched his head and smiled a little innocently.

However, Tang Bao's words couldn't help but warm his heart.

"Voluntary? This is strange, others are in a hurry to apply for transfer, how do you think of joining the gold futures trading group? Tang Bao was surprised.

"Boss, when I first joined Phoenix Investment Group, I was in the gold futures trading group, and later I was transferred due to the lack of manpower in the stock trading department. Now, I'm just going back to my job...... And what I do best is also gold futures trading. ”

"Oh."

Tang Bao smiled and nodded, but didn't say anything more.

……

"How much gold is held by the gold futures trading group today, and what is the average opening price?" Tang Bao asked Legge calmly.

"There were 198,750 ounces of gold sold short. The average opening price is about $416.25, and the price of gold has risen to $429 today...... "Legge reported a set of data very neatly, without the slightest hesitation, and obviously knew this very well.

"Hmm."

Tang Bao hummed softly, and also had a general understanding of the situation of the gold futures trading group.

"Boss, according to the upward trend of gold prices, I am afraid that it will not take a month to break through $450 per ounce. I think it's time to buy and close the position early to reduce losses! Legge reminded in a whisper. Although Tang Bao also ordered not to have any operation on gold futures, it is not a way to watch the losses continue day by day.

Hear the words.

Tang Bao smiled and said, "Heh, if it is a simple liquidation, I don't need to come over in person." Call all the members of your gold futures trading group today, I have a plan of action, but I am not closing the position and leaving the market, but continuing to increase the position of short gold! ”

"Continue to add to your position?"

Leger's eyes widened in disbelief.

"That's right, it's an increase in positions. You all think that the price of gold will continue to rise, but I think the price of gold will fall back in the near future. Tang Bao nodded and smiled.

Moment.

Tang Bao said again: "Well, the price of gold is above $400, and the price is a bit high, and I think the price of gold may fall to about $350." ”

$350?

Everyone was stunned, and no one knew where Tang Bao's confidence came from. However, everyone, including Mrs. Annette, knew that Tang Bao's decision to short gold could not be changed, so he did not persuade him again.

……

Soon.

Tang Bao took Legge and other members of the gold futures trading group into the commodity exchange, but Horst and Mrs. Annette did not follow.

"Look, it's the members of the gold futures trading team of Tang and Phoenix Investment Group! I heard that they suffered serious losses, but they couldn't bear it anymore and were ready to cut their meat and leave? ”

"Don, appear on the New York Mercantile Exchange!"

"Phoenix Investment Group is about to close its position......"

……

Investors who often mix in the New York Mercantile Futures Exchange know Tang Bao and others, and as soon as Tang Bao and Legge and others appeared, they attracted the attention of many people, and most of them thought that Tang Bao was going to close his position and leave the market. (To be continued......)