Now it is not only Hirano Trading Company that is operating relative to Pang Zhou, but six or seven major dealers in the entire market have been angered and have begun targeted reverse operations.

A lump sum of money is invested in it, which is then displayed on indicators such as price and trading volume in the futures market. This kind of long-short confrontation is staged almost every moment of the day, but only a few times does it turn into such a brutal hand-to-hand combat.

Although the current situation is that the market is suppressed by large sums of money, the futures price of rubber has plummeted. However, from a fundamental point of view, there is no negative news, and in the long run, there should be a lot of upside potential.

The temporary decline in the market, a discerning person knows at a glance that this will not last long. Unless there are hundreds of billions of dollars of appetite to buy the entire rubber market, sooner or later rubber prices will stop falling and rise.

The discovery of rubber futures prices, a look at market information, rubber production and national policies, which directly determines the cost of rubber products. Second, it depends on market confidence, if everyone believes that rubber prices will rise, even if there is no good news, it will also rise.

And now this situation is that most people believe that rubber prices will rise again sooner or later. In this case, Pang Zhou, who is operating against the trend, is actually undoubtedly creating an opportunity for them to buy long orders. With such a good opportunity to make money, who would hesitate?

Being able to stop the decline of rubber at 33 baht at least shows that there is no less than 5 billion US dollars on the opposite side. With the continuous recovery of rubber prices, it also indicates that more and more forces are joining the ranks of longs.

The trader sitting in front of the computer is now sweating profusely, although he is only the one who is ordered to operate. But looking at the constantly beating numbers on the screen also seems a little scary.

The price of rubber jumps to one decimal place, indicating that tens of millions of dollars have quietly changed owners.

Don't look at Pang Zhou's tens of billions of dollars in capital. I'm afraid that this money may not be enough to lose out. If the price of rubber futures returns from 33 baht to 38.5 baht, the capital of 10 billion US dollars will be at least 35 billion yuan. Of course, maybe don't lose to three or five billion. Supervised banks may forcibly liquidate these short positions.

"Mr. Pang......"

The trader swallowed lightly and said nervously: "The futures price of rubber has risen to 35.1 baht......"

"Oh, it's almost time." Picking up the TV's remote control from the table, I turned on the Thai Economy Channel, which was broadcast on satellite TV.

In the past few days, he has basically watched this channel, and for this reason, he has specially raised a Thai translator in the big house. After all, the Singapore Rubber Exchange mainly does the futures of Thai rubber, and there is no difficulty in finding talents in this regard.

Temporary news is constantly scrolling below the Thai Economic Channel on TV, including the stock market, futures market and other market conditions, as well as instant news reports from major news agencies around the world......

Not long after Pang Zhou turned on the TV, he saw that the originally normal Thai Economic Channel suddenly switched the picture to a news broadcast room.

The two announcers looked a little hurried. Obviously, I didn't have much mental preparation, so I picked up the manuscript and read it.

At Pang Zhou's request, the Thai translator began to stumble to translate the speech on TV. Fortunately, the translator's native language is Thai, and it is not a problem to understand Thai news, as long as the translated English can reach the meaning, Pang Zhou will not have too many requirements.

As the world's largest exporter of natural rubber, Thailand's every move has affected the nerves of the rubber market.

"The Thai government announced...... From now on...... Implementation of floating exchange rate ......"

"Good!" Pang Zhou could no longer disguise the appearance of calm, and did not wait for the translator to finish the whole content. I stood up excitedly!

"Short order, go all out!" Pang Zhou stretched out his hand to the trader and quickly delivered the final blow that had been brewing for a long time.

"$2 billion short order!"

There was a sudden uproar in the market, and almost everyone was blinded by Pang Zhou's last hand!

And at the same time. Information about the Thai economy also began to scroll on the big screen of the exchange.

"Thailand announced the introduction of a floating exchange rate system."

"The Bank of Thailand announced that its dollar foreign exchange reserves are in an emergency."

"The Thai baht fell from 25.3 to 26.6 against the dollar."

"Thai rubber spot fell by a tenth against the dollar."

"Thailand's largest rubber company has announced that it will abandon the use of Thai baht pricing."

"There was a $1.2 rubber transaction price in the Thai rubber spot market."

……

In just ten minutes, the sudden news hung like a terrifying tornado across the entire trading floor. Not only the retail investors in the hall, but also the main players in the big room. The bookmakers who manipulated the entire market were all silent.

The fall of the Thai baht against the dollar was, of course, the beginning of Soros' raid. The Thai government depleted its last foreign exchange reserves in a short period of time and had to abandon its insistence on the Thai baht.

Under the constant blows of Soros's army. The Thai baht is constantly falling against the US dollar. Thailand was in chaos all of a sudden, and the war situation was complicated.

Quantum Fund not only launched an attack on Thailand in the exchange rate market, but also its domestic stock market, futures, spot, capital, and financial derivatives markets were all attacked by crazy bears.

It is worth mentioning that Soros did not directly operate against the spot Thai baht, but used his short-term Thai baht short to borrow forward Thai baht futures to sell. In this case, in the case of bearish forward baht, the market has created pressure to sell the spot baht. The pressure exerted by the small amount of money on the forward Thai baht has easily created the pressure of the recent depreciation of the Thai baht by the hands of others......

The complexity and danger of these dazzling operations are also the reason why Zhou Shuo is reluctant to follow the main force lightly. The scale of his funds is too large, and once he enters the frontal battlefield in Thailand, there is no guarantee that Soros will not eat his plan to take a ride first.

Making a small profit in Thailand, billions is already the sky. He and Pang Zhou have never entered the circle of Wall Street, of course, I am afraid that no one will regard the Six Ears Fund manipulated behind the back of the two Chinese as their own.

When he set his sights on the rubber futures market, of course, he couldn't just wait for the opportunity to come. How Soros's results in the frontal battlefield can be translated into volatility in the rubber futures market is still a very troublesome matter.

The foreshadowing of hundreds of millions of dollars in rubber spot can be launched at this time, and when the Thai baht falls sharply, a transaction that has been agreed on will be started.

Buy a rubber spot from a Thai for $1.2, and then use the spot to deliver a short rubber futures order that is about to expire. In this way, although a part of the profit was temporarily lost, the early short orders that had been continuously purchased before had already made profits, and at most it was just a tie in and out.

However, the large number of spot turnover rates and the sharply reduced exchange rate of the Thai baht against the US dollar have caused the spot price of rubber to fall sharply against the US dollar.

Soros's calculation is to use the depreciation of forward futures to cause the pressure of spot depreciation, while Zhou Shuo, on the contrary, what he wants to do is to use the pressure of spot decline to drive the decline of futures.

Whether it can succeed or not needs to be tested by the market.

At this time, Hirano Yuan was already standing in front of the fence outside the large house, staring closely at the large screen of an entire wall of the trading hall.

"Hirano Trading Company, more than 1 million lots!"

In the midst of this fragile moment of calm, Hirano Moto's voice suddenly sounded.

What about the decline in Thailand's exchange rate? It is the market that determines the price of rubber, and it is the relationship between supply and demand. As long as Thailand's rubber production does not decrease this year, as long as the world's rubber demand is still so much, the price of rubber will not be lightly affected by the financial market.

The sound of clicking, clicking sounded in the corridor of the large apartment on the second floor, and people kept coming out of the large room.

Just as Hirano Yuan finished speaking, a big fat Malaysian not far away also shouted: "Genting Trade 3-10,000 lots and more orders!" ”

"Hong Leong Trading, more than 500,000 lots!"

……

One after another resounded from the air corridor on the second floor, and the entire exchange suddenly boiled.

A bet, and a big bet. Such a scene has not appeared for a long time, and the resources in the hands of these companies alone will be hundreds of billions of dollars.

Such a large amount of funds is almost invincible in the market. In the entire rubber market, the trading volume in 1997 was only 10 million tons. With hundreds of billions of dollars in capital, it is not a problem to buy all the rubber in the world.

It is not surprising that Southeast Asia accounts for 70% of the world's rubber exports. The Singapore Rubber Exchange is the largest rubber trading market in Southeast Asia, and it is easy to concentrate so many rubber companies. Of course, the scale of this 100 billion US dollars is scale, and it is impossible for various trading enterprises to only deal in rubber products. When it comes to a futures variety, it is difficult to say how much resource tilt can be obtained.

Hirano Mototo wants to get out of the big room and throw a long order of $1 billion, that is, to mobilize the momentum of the entire market. In fact, there are really many trading companies that are willing to stand with him.

Thailand's rubber market is certainly important, but in addition to Malaysia and Indonesia, which are also big exporters of rubber, they are not much worse than Thailand. Besides, how much damage this crisis will cause to Thailand, everyone is still waiting to see how much it will take. After all, the financial crisis is just a financial crisis, and it is not yet known how much the real economy will be affected.

As long as the market environment does not deteriorate, only Thailand has financial problems, and the rubber market is not so fragile.

"Okay, I'll take it!"

Pang Zhou also walked out of the big room, and said calmly in everyone's eyes: "Egwen Commerce, continue to place 5 million empty orders!" (To be continued......)