Chapter 140: The Golden Bubble
In April last year, Lin Qiangsheng successively invested all his funds in the gold futures market, except for the oil futures held by Stephanie of France, all the funds were invested in the tide of speculation in gold.
The price of gold in 79 years is like a wild horse that has escaped the reins, galloping upward. Gold hovered around $250 per ounce from early last year to $300 an ounce on July 18, $400 an ounce on October 1 and $500 an ounce on December 28.
On January 16, U.S. officials stopped reducing their gold reserves to stabilize gold prices. Since then, gold has risen by $30 per ounce in half an hour, breaking above $700 per ounce and reaching a high of $715 per ounce. On January 18, the price of gold broke through $800 per ounce. On the 21st, the price of gold hit a high of $850 per ounce.
Hot money from all over the world has frantically poured into this wave of gold price surge, pushing gold prices up.
Lin Qiangsheng invested in the construction of automobile factories and spare parts production bases in China, but fortunately, the money was not invested all at once, leaving him a lot of buffer time.
More than half of the $300 million Lin had borrowed had been spent, and $100 million remained. Combined with the $140 million earned from stock trading last year, the total is $240 million. He raised $12 billion with 50 times leverage, all of which were invested in this wave of crazy rise in gold prices!
Fortunately, John Berg has a lot of popularity in the capital operation industry, and Lin Johnson has a lot of fame in the American financial industry, otherwise Lin Qiangsheng may not be able to raise so much money!
Futures are risky, and if you are not careful, you are likely to be overrun, and there will be nothing left. John Berg is also walking on thin ice with such a large amount of money, and his team has seven seasoned futures operators. At the beginning of admission. John Berg has formulated a trading strategy, implemented the rules of medium and long-term operation, restrained the impulse of short-term operation, tried to avoid full position operation, and adopted one-third of the position and half of the position at most. And try to be as little disturbed by investors as possible.
But. The closer to the final high tide of gold futures, the more Lin Qiangsheng must actually participate in it, otherwise John Berg does not know the future trend, which will definitely bring huge losses to Lin Qiangsheng.
Because the U.S. government will not turn a blind eye to the skyrocketing price of gold!
As early as January 15, Lin Johnson asked John Berg to ship quickly when the price of gold reached $850 an ounce.
As the market is generally optimistic that the gold price may continue to rise, and because the US government is no longer calming the gold price. In the New York gold futures market, there are trillions of dollars in trading volume every day, and there are countless hot money rolling in it.
When January 21st. When the price of gold reached an all-time high of $850 an ounce, Lin Johnson quickly ordered John Berg to ship the goods, leaving no room for negotiation.
Even if John Berg thinks that the price of gold may still rise, and he can follow the trend for a while, but such a high price he feels is the last glory, and he is ready to withdraw immediately if the market is unstable.
Since Lin Johnson agreed to withdraw from the market, John Berg also took advantage of the trend, and keeping the existing fruits is the biggest victory!
He led the team to ship quickly. Put a large number of orders into the market, and before the end of the afternoon closing, their orders were all eaten by others!
It can be seen how large the capital of the New York gold market is at this time. Tens of billions of dollars of sales are not much different from small waves!
On January 22, 1980, US President Jimmy Carter announced that he would defend the United States' position in the world at any cost. Carter's statement on the gold price played the finale of the round of gold price boom. As a result, the price of gold fell sharply by $50 per ounce on the same day. Countless market investors were stunned! They are hesitant to pull out of the market, speculating about how determined the U.S. government is.
And Lin Qiangsheng, who ran away first, was overjoyed when he saw this situation. He knew that $850 an ounce was already the highest price in history, and he ran away before the crash came!
The Carter administration's statement is undoubtedly extremely serious, and the United States also has the ability to suppress gold prices! If the price of gold continues to rise, it will undoubtedly threaten the international standing of the dollar, and many countries are selling off their dollar reserves. The U.S. government can no longer allow the price of gold to rise.
Carter's statement, and the financial policies of his successor, President Ronald Reagan, contributed to a bear market in gold prices that lasted for more than 20 years. U.S. policies dominated the global gold price, which remained depressed until it returned to US$250 per ounce in 2001.
At this time, Lin Qiangsheng had already withdrawn all his funds from the futures market.
In John Berg's office, in order to show his gratitude to John Berg and his operations team, Lin Johnson put the promised rewards into action, each rewarding millions of dollars, and he personally handed over a check.
“Wow!!!”
Soon, cheers rang out from outside the office. It's the cheers of futures operators, who lie in the doorway, listening to the conversation in the office.
Yesterday, there may still be people who don't understand why Lin Qiangsheng ordered the clearance when everyone was optimistic. But this morning's Carter declaration, the United States is determined to suppress the gold bubble, and the price of gold immediately plummeted, plunging $50, which immediately proved that Lin Johnson's decision was correct. Before the price of gold plummeted, he preemptively exited at the highest point when most of the market did not react.
$850 per ounce, maybe it's really about to become a symbol of gold history! A miracle!
Lin Johnson Johnson withdrew from the gold futures market and raised more than $39 billion, even excluding financing and interest, more than $26 billion. With such a brilliant result, how can you not get everyone excited! With the bonus promised by Johnson & Johnson Lin alone, everyone can step into the ranks of millionaires!
Lin Johnson's story has become a financial myth on Wall Street, and his capital has reached tens of billions of dollars in less than 1 year. Compare Jobs, Bill Gates and the like in an instant.
The intelligence network of the Wall Street Journal is all over Wall Street, and even they have heard about the history of this "Oriental investment boy", and they want to open a column interview specifically for Lin Qiangsheng, but Lin Qiangsheng refuses.
The Wall Street Journal excels at telling stories about people, eliciting the news to be reported, and winning the interest of readers.
Lin Qiangsheng doesn't want to become a household name, his chassis is still unstable and needs to be low-key! Low-key is king!
Lin Johnson looked at Ryan as he walked in with a wine tray in tow, John Berg shook his head, picked up the check on the table and walked out with a smile.
Ryan looked helplessly at Lin Qiangsheng looking up and down at the hue of her figure, holding wine in one hand and protecting her chest in the other and said, "Lin, don't come here!" I haven't figured it out yet! ”
Lin Qiangsheng smiled and said, "Ryan, I want wine!" ”
Ryan glared at Lin Qiangsheng with a red face, handed him the wine glass angrily, stuffed the wine bottle again, and said dissatisfiedly: "It's all yours!" ”
"Haha" Lin Qiangsheng laughed, stood up and hugged Ryan in his arms, looked into her eyes and said, "Baby, after you leave me, I can only eat takeout now!" ”
Ryan pushed Lin Qiangsheng, his big eyes were exceptionally moist, and he said with a light smile: "I thought Chinese would cook." ”
Lin Qiangsheng kissed it, Ryan struggled for a while, and soon she gave up resistance, and couldn't help but hold Lin Qiangsheng with both hands, and drilled into his arms.
So, Ryan returned to Lin Qiangsheng's side, and at the age of 26, she was full of enthusiasm as a mature woman.
In the villa, the two people almost melted together, I don't know you and me.
Lin Johnson returned the $12 billion, and after deducting the interest and handling fees, he still had a total of $25.8 billion in funds. These funds could not be left to lie in the bank, and Lin Qiangsheng continued to entrust the funds to John Berg and let him operate oil futures.
In addition, he also ended the entrustment relationship with Stephanie and repaid the loan in France. It was $3 million when it was put in, and by the time it was withdrawn, it had become more than $7 million.
In the past 79 years, oil futures have always fluctuated around 13~15 US dollars / barrel, and being able to make money has proven Stephanie's ability.
On the phone, Stephanie complained to Lin Johnson: "Lin! Are you not satisfied with my work? Is it the last stock thing, I made you dissatisfied? Please listen to me, before you, I had just become an investment manager, so I was very unfamiliar with your proposal! I've always regretted that if I had listened to you"
Lin Qiangsheng said with a smile: "Stephanie, I want to concentrate the capital operation, and the dispersion operation at both ends is too energy-consuming!" We don't have to dissolve the entrustment relationship, I still ask you to be my investment advisor, but I hope you can pay attention to the information of the industry for me, and I have found a better candidate on the financial side! ”
Stephanie sighed secretly, and at the same time relieved a lot, as long as she didn't lose this big customer.
Although her main business is now in financial investment, no one knows how long this will last, and women's careers are very short, and financial investment is risky and stressful, so it is good to have another development direction.
80-year-old oil futures still have a round of sharp rise, Lin Qiangsheng knows that after the outbreak of the Iran-Iraq war on September 22, Iran and Iraq completely stopped exporting oil. The second wave of world hoarding will erupt, by which time it will be too late to expand crude oil storage on land, and supertankers will be used directly as floating warehouses.
Oil prices began to soar in 1979, from $13 per barrel to $39 in early 1981.
It is currently the end of January 1980, and the current price is 14~15 US dollars, and there is still a lot of room for growth.
John Berg still adopts a medium- to long-term investment strategy, and his personality is like that, not a short-term operator. Therefore, investors with little money really can't bear this investment style, and a big wave can be shot to death on the beach.
In order to avoid being blocked, John Berg has developed a number of protection strategies, such as investing in echelons and using unsuccessful operations. On the basis of the happy cooperation between the two sides, Lin Johnson's huge funds entered the oil futures market after the withdrawal of the gold market. (To be continued......)