Although it is illegal to manipulate financial markets, it does not mean that financial markets are really clean. In the past, many speculators in the financial market relied on insider trading to make huge profits, but with the improvement of the financial regulatory system, except for a small number of speculators and speculators in countries with imperfect financial systems, few people are making money by insider trading.

Because those clever speculators have found a new way to get rich, that is, to make huge profits by manipulating the financial markets, and it is also the fastest, easiest and most effective way to make money. But to manipulate the financial markets without being detected, it takes a lot of money, and it is not something that can be done by a single person or a financial institution, so they all learn to cooperate.

Like the London Interbank Offered Rate (LIBOR) manipulation case that shocked the world, Deutsche Bank, Société Générale, Royal Bank of Scotland, Barclays, UBS and dozens of other large multinational banks are involved, and they are only fine hundreds of millions or billions of dollars, as long as they make more money than they are fined, they are naturally willing to take risks.

As a financial behemoth, banks seem to be inherently "manipulative", taking all the opportunities they can see into their arms in order to achieve the purpose of obtaining excess profits. In addition to the interbank rate, foreign exchange is also in their sphere of influence.

In addition, the banks have not spared the energy market. The U.S. Energy Regulatory Commission uncovered the manipulation of electricity prices by JPMorgan Chase, Deutsche Bank and Barclays traders in California and other western regions. These traders open large positions in the spot power market, hedging against 4 inverse positions in the swap swap market. Subsequently. They traded energy contracts for delivery the next day to influence the value of the swap position, locking in the volatility risk of the swap contract.

Like LIBOR, the London gold market price has a wide range of influences and is used to determine the price of the global gold spot market, from jewellery sales to mining company revenues, as well as the price of precious metal derivative securities.

While there is no direct evidence that banks are trading behind the scenes in the international gold price, in the same way that they manipulate the LIBOR rate. But given the "past record" in other areas, it is inevitable that an old saying from the Financial City will haunt many people's minds - in the absence of supervision, the moral bottom line of institutions can never be overestimated. The regulators who believe this sentence intend to make amends. The UK's Financial Conduct Authority is investigating the pricing mechanism for gold. He also said that the investigation was still in its infancy. A spokesman for the German Federal Financial Supervisory Authority also said. The agency is investigating the pricing process for gold and silver. The U.S. Commodity Futures Trading Commission (CFTC) is conducting an internal study on whether the London bullion pricing mechanism has been manipulated, and plans to investigate all aspects of precious metal price setting, focusing on assessing the openness and transparency of the setting process.

However, the current gold market is largely based on public trust in gold's past monetary value. Therefore. If a scandal breaks out during the pricing process. It's easy to collapse a huge golden empire overnight. From a conspiracy theory perspective, even if there are any mistakes, various stakeholders, including regulators. We will also do our best to cover up and make amends, and will not allow public confidence to collapse.

Therefore, even though it is illegal to manipulate the financial market, the entire financial market is still full of the shadow of manipulation. Of course, if the biggest manipulator in the financial market is the Federal Reserve, it is the Federal Reserve, and it is a naked and honest legal manipulation, because every interest rate decision and every speech of the Federal Reserve may be a storm for the global financial market.

Wang Tianyu looked at the trend of spot gold, which has not fluctuated much recently, and he knew that Gao Sheng's attack on him may be in the past two days, because tomorrow the United States interest decision will be announced, which will have a great impact on the dollar, and this impact will be directly fed back to the foreign exchange market, the US stock market and spot gold and other precious metal markets, when the volatility of spot gold will be great.

The next morning, the Fed finally announced its interest decision for the next quarter, although the Fed's interest decision did not surprise people. However, in the subsequent speeches of Fed officials, the expectation of interest rate hikes was mentioned, which is definitely a positive for the dollar. And it also surprised everyone, catching all speculators off guard.

Sure enough, as soon as the important Fed official finished speaking, the dollar began to rise, and other dollar-related currencies fell accordingly, especially spot gold. The price of spot gold fell by $100 per ounce in an instant, equivalent to 1,000 points, and Wang Tianyu's long spot gold account suddenly saw a huge loss of $7 billion.

While suppressing spot gold, Gao Sheng also launched an attack on Wang Tianyu on other financial products, and Wang Tianyu can be described as a complete rout.

"Boss, what now?" Li Mu looked at Wang Tianyu and asked anxiously.

"Spot gold continues to increase its position, give me to stabilize the price of spot gold, as for other financial products now have no time to take care of, give up!" Wang Tianyu commanded Li Mu, and then leaned on the chair weakly, with a very anxious expression on his face, but he was disdainful of it in his heart.

Wang Tianyu had long expected that Gao Sheng would put the main battlefield on the spot gold market, and also expected that spot gold would fall sharply, but what Wang Tianyu didn't expect was that Gao Sheng actually said that the officials of the Federal Reserve sang a double reed at this moment, and it seems that Gao Sheng wanted to kill him all.

"But isn't that too risky?" Li Mu looked at Wang Tianyu and frowned and said, Wang Tianyu now holds enough longs in spot gold, if he continues to increase his position, and spot gold cannot stop falling, then Wang Tianyu will be at a great risk.

"If you don't continue to increase your position to stabilize the price of spot gold, do you still watch it keep falling, I have now put my net worth on spot gold, there is no way out, I can only gamble." Wang Tianyu yelled at Li Mu.

"Yes." Li Mu saw that Wang Tianyu was angry, so he could only nod in response, and then walked out of Wang Tianyu's office.

Wang Tianyu has a net value of $50 billion in all accounts, and he has used $30 billion as margin on spot gold before, and now he has lost $7 billion, and the liquidity that can be used in his account is only $13 billion. Li Mu and others began to use the $13 billion to stabilize the price of spot gold, but the decline in spot gold has formed, and Li Mu and others can only support it hard. They don't know how long the $13 billion will last, a day, two days or three days, as if it all lies with Wang Tianyu's opponent, Gao Sheng.

Wang Tianyu sat in his office, with a wicked smile on the corner of his mouth, and he knew that when Gao Sheng defeated him, it was the moment when he really fought back.

However, Wang Tianyu felt that he couldn't be too calm at the moment, and he had to make some noise, otherwise, people from the outside world might be suspicious.

"Brother Yu, there are a lot of reporters from news media outside the company, and they want to interview you." Concubine Ling Fei walked in and said to Wang Tianyu.

"As soon as I wanted to sleep, someone brought a pillow, which is good." Wang Tianyu said with a wicked smile.

"Concubine Fei, let's go, let's go out and put on a good show with them for people all over the world to see." Wang Tianyu said with a smile at Concubine Ling Fei, and then the two came to the door of the Tianyu Fund.

"Mr. Wang, what do you think of spot gold? Or continue to be bullish? As soon as Wang Tianyu appeared, one of the reporters asked Wang Tianyu.

"Yes, Mr. Wang, didn't you say that you want to monopolize the spot gold market? Have you done it now? Other reporters also spoke.

"Please be quiet." Wang Tianyu said loudly.

"Now I don't think we should talk about spot gold." Wang Tianyu continued, but his face was gloomy and terrifying.

"So what does Mr. Wang think we should talk about? Talk about your private life, or which celebrity you slept with last night? Don't forget, we're financial journalists, not entertaining gossip journalists. One of the reporters said to Wang Tianyu, and the others laughed when they heard the reporter's words.

"Let's talk about the Federal Reserve first, the Fed is a fucking bitch, in a bright coat but kidnapping the world's finance, it's the biggest manipulator in the global financial markets." Wang Tianyu roared at the reporters.

"Look at the number of unemployed people in the United States, the unemployment rate is so high, they don't think about how to relax monetary policy and solve the problem of unemployment, they still want to raise interest rates, so are the officials pig's head! I can't figure out how this official who doesn't know anything can stay at the Fed. Is this what our taxpayers' money is used to feed this garbage? Wang Tianyu then said very angrily.

"I think that the Fed official is in league with Gao Sheng at all, and he and Gao Sheng are united to manipulate the spot gold market." Wang Tianyu continued.

"Those financial regulators take taxpayers' money and don't check the Fed guys to know that they're going to pick a bone in the egg." Wang Tianyu then began to bombard the financial regulators in the United States.

"I'm going to get a lawyer to take all those Fed bastards to court." Wang Tianyu then said indignantly, Wang Tianyu is just talking, just for outsiders to see, he knows that he can't help the Fed people at all.

"Gao Sheng, don't be complacent, it's not certain who will kill the deer?" Wang Tianyu still said very arrogantly to the camera.

"Tianyu Fund will be open to the public today and will begin to receive foreign funds, and the amount of funds will start from 100 million US dollars, with no upper limit." Wang Tianyu then announced to every day.

"The global financing in front of me this time is about 100 billion US dollars, which will be used to long spot gold, and I want to control the price of spot gold and drive Gao Sheng out of Wall Street and out of the financial world!" Wang Tianyu said again without being shocked, and after Wang Tianyu finished speaking, he left the Tianyu Fund with Concubine Ling Fei. (To be continued......)