Under the suspicious gaze of everyone, Tang Bao took Legge and the others into the trading room.

Entering the special trading account of the gold futures trading group, it is clear that the total position held is 198,750 ounces of gold.

Meantime.

Today's gold price is clearly displayed on the display, at $430.17 per ounce!

"Boss?"

Seeing that the price of gold had only passed overnight, Legge easily broke through $430, and he hesitated a little in his heart, and couldn't help but look at Tang Bao.

"Ready to open a position!"

Tang Bao's response was very crisp, and he did not mean to change his plan at all, even if he saw that the price of gold had risen to $430.

Helpless.

Legge and other members of the gold futures trading team held back their frightened feelings and slowly sat down in front of the computer, waiting for orders.

But my heart is very uneasy.

In the case of rising gold prices, it is necessary to buck the trend and short...... None of them knew if it was a genius trading operation or the last madness.

Call......

Facing the computer screen, Legge and the others closed their eyes slightly, secretly taking deep breaths, trying to relax as much as possible.

Originally.

They have participated in countless futures battles, have rich experience in operation, and their psychological quality is also very accessible, and they should not have negative emotions such as nervousness and anxiety. But today, it is unprecedented, and it is difficult for everyone to maintain a normal mind...... Bucking the trend and shorting gold, and the amount involved is in the billions of dollars. The money they used to operate all adds up. I can't catch up with half of this time.

"Uh, Legger, what are you doing?"

Seeing that Legge was actually sitting in front of the computer and praying, Tang Bao couldn't help but be speechless for a while. Look at the others, too, they are nervous.

See here.

Tang Bao suddenly realized that shorting gold futures this time had caused them a lot of psychological pressure. In particular, Legge has already had the experience of operating huge amounts of money to short BP oil, and his performance is also very good, and he is a top operator with delicate and experienced operations. He shouldn't have been disturbed by outside factors, but his prayer behavior. But it made Tang Bao wake up like a dream, and it seemed to him to be a normal operation. For Legge and others, the pressure is much greater than expected.

That's not going to work!

Traders should not be unsettled and nervous during the operation, and a little attention may lead to wrong operations. Tang Bao couldn't help frowning and thinking.

"Uh. I'm sorry, boss. I don't feel very good! Legge raised his head, cast an apologetic look at Tang Bao, and said in a low voice.

The others didn't speak, but they all kept their heads down.

……

Call.

Tang Bao also let out a breath of turbid air helplessly, he really didn't expect this situation, he never thought that his instructions would bring so much pressure to traders.

"Put on some music and relax." Tang Bao said to Leg. Soon, the melodious music sounded, and gradually everyone's mood calmed down.

About ten minutes later.

"Hmm...... Boss. I feel much better. Legge was the first to stabilize his mood and return to his normal state. Others are slightly worse, but they are gradually recovering.

Well.

Tang Bao hummed softly, there should still be a little room for gold prices to rise, and he was not in a hurry to quickly create a position.

Sell, open a position......

Just in the beginning. Tang Bao only sells small amounts of gold futures, ten, twenty, and thirty lots...... One transaction after another has been completed. This is the amount of the short sale. In futures trading, which is up to hundreds of trillions every day, it is not even a drop in the ocean. It's harder to make waves.

……

Legge and others, who had adjusted their condition, thoroughly showed their super quality, and the operation gradually became handy.

The first day of trading.

At an average price of $430.89 per ounce, Legge and others shorted 20,000 ounces of gold, using 20 times leverage and only paying 5% margin. Therefore, today's transaction only used up hundreds of thousands of dollars of margin. Of course, as the price of gold rises, there will also be a margin call.

Arguably.

The number of short gold on the first day is very limited, first, Tang Bao knows that the price of gold still has a little room to rise, and if he completes the position early, he will make a lot less money. In addition, this is also to relieve the pressure of Legge and others, and to carry out a small amount of operations first, which can also make them more relaxed.

……

The next day.

The price of gold is $431.60 and the price of gold is still rising. Tang Bao directly ignored this and directly ordered Legge and others to continue to open positions.

Finally, at an average price of $431.03 per ounce, 50,000 ounces of gold were shorted, with 25 times leverage and a margin of 4%.

Day 3.

The price of gold jumped to $435.86 and the price of gold soared as the bankruptcy of a sizable bank in the United States caused panic in the market and some investors shifted their funds to gold investments.

Tang Bao shorted 170,000 ounces of gold at an average price of $435 per ounce, with leverage at 25 times and a margin of 4%.

Day 4.

Closed!

……

Day 5.

At $436.78 per ounce, Tang Bao shorted 120,000 ounces of gold with a margin of 4......

……

……

With the passage of time, the price of gold is still rising, but Tang Bao is shorting against the trend, and the amount of gold sold short is also rising.

Day 26.

"Hmm, boss, the price of gold is about to break through $450, do you still want to sell short?" Legge couldn't hold back and confirmed.

"Well, short selling, continue to open short positions!" Tang Bao ordered loudly, in fact, he was a little uncertain in his heart, because the price of gold in the market had exceeded the highest price in his memory. He didn't know if it was a memory error or something else. But I can't do that much. Short selling gold for 25 consecutive days. The amount of gold sold by Tang Bao is close to 25 million ounces......

"Sell, keep selling."

Tang Bao subconsciously urged Legge to continue selling short, but he was also nervous to death. If there was an accident, he would really vomit blood.

This.

Tang Bao not only used the funds of the Phoenix Investment Group, but also invested all his remaining billions of dollars. In addition, he also informed Yang Yang, who was far away in the UK, to also borrow funds to join the ...... If the plan to short gold fails, it will be a nerve-wracking.

Before.

The price of gold is also rising, but it is still within its control, so it is very calm. But today's gold price seems to be out of your control. My heart also began to be flustered, irritable, and restless.

But.

In front of Legge and the others, Tang Bao couldn't show these negative emotions. You still have to show your confidence as usual.

"Short selling!"

Tang Bao yelled.

"Boss, three million ounces have been sold short...... Still going to continue to sell short? Looking at the rising price of gold, beads of sweat broke out on Legger's head.

"Hmm. Keep selling ......"

Tang Bao, as usual, did not hesitate to give the order to sell short.

……

Call.

The New York Mercantile Exchange is closed. Tang Bao couldn't help but exhale, today, he was also under huge psychological pressure.

"Boss? You okay! Legge asked worriedly.

Tang Bao smiled and shook his head, "How many gold short positions do we hold in total?" ”

"About 32.7 million ounces! The average opening price is $438.15, and so far, the floating loss is $390 million! Legge reported.

Well.

Tang Bao nodded lightly, indicating that he understood, and at the same time, he was secretly relieved that the floating loss was less than $400 million. It's still bearable.

"Boss, will you continue to increase your position tomorrow?" Legge asked.

"Nope."

Tang Bao shook his head. The price of gold has risen beyond his memory, and he continues to increase his position. The risk is too great.

I heard Tang Bao say that he would not increase his position.

Legge and the others breathed a sigh of relief in their hearts.

……

Saying.

Tang Bao led the members of the gold futures trading group to short gold against the trend, and it was naturally impossible to hide it from the outside world, and various news media were hyping this news.

"It turns out that against the market, both ordinary investors and geniuses will be crushed. Don, known as the prodigy of Wall Street investment, has tasted the ...... of being crushed by the market" -- The Wall Street Journal.

"Don. Lose your marbles! At a time when the price of gold is soaring, many investors are taking advantage of the situation to make a lot of money. And Don was the only loser. He was stubbornly bearish on gold and aggressively shorted gold futures...... And the facts tell us that the market does not change because of someone's will! Don, paid the price for his madness. According to preliminary estimates, Tang has already lost hundreds of millions of dollars in gold futures, and as the price of gold continues to rise, the loss will only increase. —The New York Times.

"Don is paying a heavy price for his hubris and stubbornness...... Perhaps, gold will become Don's nightmare. According to our understanding, no matter how up or down the gold market is, Phoenix Investment Group has never made a penny in gold futures, and Tang personally led the team to short gold futures, which seems to be intent on breaking this curse. However, Tang is not omnipotent, and even with his leadership, they still die miserably in gold futures. I think Don should have said goodbye to gold sooner. Gold is not for the Don! -- New York Daily News.

"I warned you that Don was nothing more than an ignorant and fearless gambler, but he was luckier than other gamblers. But God can't always favor him alone, and luck will always run out...... Lo and behold, Don without God's favor is like that! - A local tabloid.

"Wall Street investment prodigy is about to fall into the ...... dust" -- a tabloid.

"Don seems to have fallen under a curse, throwing money into the market like a fool." -- A tabloid.

"Damn it Chinese going to be finished......" - so-and-so newspaper.

……

"Don, holding a short position of gold as high as 32.7 million ounces, what does he want to do?" -- Fortune miscellaneous matters to make special reports.

……

ridiculed, ridiculed, and fell into the ground...... Even from a neutral point of view, there are very few interpretations, and various media always report from the angle that most attracts the attention of readers.

In their opinion, Tang Bao's shorting of gold has no possibility of reversal at all, and he will definitely lose miserably. And as the price of gold continued to rise, even Mrs. Annette, Horst, Nick and others began to persuade Tang Bao to close their positions and stop losses as soon as possible......

That's when it happened.

"Boss,...... Fall, fall......" Legge gasped and said excitedly. Gold, which has been rising for several months, has finally fallen. (To be continued) R655