On January 20, 2010, X-Spatial Fund published a very brief statement on its official website.

"The comments and interpretations of the remarks made by Mr. Zhong Shi, the founder and manager of the company, are not in line with Mr. Zhong Shi's original intention, and investors are invited to think and judge for themselves. We will continue to monitor the subsequent development of public opinion and reserve the right to further litigate the law. ”

In just one sentence, everything Zhong Shi said before was negated.

The Tianyu Fund's website is simple and almost outrageously clean. A plain white background, with the words "X-Spatial Fund" in Chinese Simplified, Traditional and English at the top, and only one option in the lower column: News Reports. And the only "news" in this poor section was published in 1994: the Tianyu Fund was established today.

It took exactly sixteen years for them to issue their second message, today's statement.

Naturally, because of this excessive low profile, there were no visitors to the Tianyu Fund's website at all, and the news was spread four days later. However, because the content is really boring, the media is not even interested in reporting it, and only reprints it on a small scale.

Meanwhile, Jim. Chanos and Bill. Gross and others have also issued statements claiming that the content of their speeches has been deliberately distorted by the media in order to attract attention.

Jim. Chanos, Bill. The statements of Gross and the others are much more interesting, and they do not flatly deny them like Zhong Shi, but they all say some vague things. Neither affirmation nor denial, pure official cliché. As soon as the remarks of the two came out, the market knew that they were perfunctory.

Of the four, only Paulson didn't make a sound, and that's because compared to the others. What he said did not cause displeasure among the governments concerned.

After all, even if Zhong Shi himself, things can't be done too much, maybe what he said is true, but he must also take into account the feelings of the Spanish government, after all, the other party is a sovereign government.

Since the steps were given, both sides were happy.

……

"It's true that they're manipulating!"

Holding the Herald. Williams. Roger waved excitedly at the others, "I told you a long time ago that there are people behind this debt crisis. ”

Cologne. Stexon, Jack. Mullen and the others looked at each other, and after glancing at each other, Cologne. Stitchon silently took the newspaper and began to read it.

Williams. Roger was holding an English version of the Herald, otherwise it would have been a bit difficult for the others. Moments later, Cologne. Stexon put down the newspaper with a strange face and silently handed it to the eagerly awaited Jack. Mullen. Then he shook his head, "I'm still not sure!" ”

The content of the "Vanguard" only gave a general description of the general content of Zhong Shi's remarks, but did not say the reason or internal logic. The point is that such alarmist conclusions are at least a few dozen passes on the market every day.

If you really believe these words, then every day is the end of the world.

So even if Zhong Shi himself said it, Cologne. Stetson wouldn't be easy to believe either.

"You ......"

Williams was directly furious. Pointing to Cologne. Stetson wanted to scold, but the words came to his lips. I still endured it stubbornly. He sighed and said sadly, "Why don't you believe me? ”

"Because it's simply impossible!"

Jack. Maren sneered and replied disdainfully, "Roger, let's discuss how to do next week's gold!" ”

"Yes!"

As soon as I heard this. Williamston, who was still listless, came to his senses and said excitedly, "Actually, the core of the whole problem is not whether you really believe me, or whether this thing is true. It's about how we take advantage of this phenomenon. to guess how the market is performing, and then to achieve the goal that we can make a profit. ”

"Oh my God, why didn't I think of that?"

He slapped his head hard, "I was so stupid to think of this crucial question. ”

For his sudden neurotic performance, Cologne. Stitchon and Jack. Mullen glanced at each other, and both of them saw the helplessness in each other's eyes, and they shook their heads imperceptibly, neither of them answered Williams anymore. Roger's words.

"Gold prices have risen by a total of 5.16% over the past week. Luckily, we bet on the right direction, and total assets have also risen by around 50% so far. Although we used double the leverage, we did not operate a full position in order to ensure a part of the additional reserves in the position. ”

Cologne. Stitchon coughed lightly and began to summarize last week's market, "Although this operation is technically a bit risky, fortunately we won the bet. Of course, it's a bit sloppy to use the word gambling, after all, it's the result of our research. Gentlemen, I would like to hear what your comments or suggestions do you have for our follow-up operations in the coming time, whether to continue to increase positions or turn around and go short? Or is it to close the position and leave the market? ”

"It's definitely impossible to leave!"

Jack. "The market is currently in flux, and based on the current situation, it is very likely that there will continue to be a market in the future. If we leave the market, I'm afraid we will be scolded by our investors. However, the rebound to the present, whether it has peaked, whether there is room to continue to rise in the future, I am personally cautiously optimistic, after all, after rising to a high of $1162 a few days ago, there was a pullback the next day, I believe this should be the limit of the market in the near future. ”

"The volatility of the market has slowed down significantly in the past few days, and there has been no major news on the news front, except for Moody's warning to the Portuguese government. However, we have all seen that this news has hardly caused much impact on the gold market, after all, for Portugal as a country, their impact on the gold market is really limited. ”

"So my suggestion is that when the market outlook is not very clear, we will continue to hold and wait until the situation is clear, and then decide the next trend."

said a big phone call, just to prove his final conclusion. Although Jack. Mullen's view is a bit conservative. But it still resonated with many others, and at least two of the six people in the room nodded yes.

"No, no, no!"

Jack. As soon as Mullen's words fell, Williams. Roger couldn't wait to jump out, "Your idea is safe though. But they also missed out on a great opportunity to make money. In my opinion, not only should we not wait and see, but we should increase our positions and leverage. With the east wind of the big guy, we may be able to make dozens of times the profit. ”

"Are you kidding me?"

Jack. Maren was upset, glared at Williams, and said dissatisfiedly, "Your conspiracy theory is here again!" But it doesn't matter, according to your conspiracy theory, should we go short or long? ”

"Go long!"

Williams. Roger said without thinking. But the next moment, he immediately changed his words, "No, it should be short!" ”

"Is it short or long?"

It's not just Jack this time. Mullen was dissatisfied, and the others frowned. Jack. Mullen laughed angrily and asked in a mocking tone that everyone could hear, "Tell me why you're long, and then why you're short." Let's see, which one is more convincing? ”

It's almost the equivalent of attacking your own shield with your own spear.

Although everyone heard that Jack. The teasing in Mullen's tone. But Williams. Roger ignored it, still thinking seriously. "I'm not sure about their positions, how many chips they're going to take, and whether they've done it now. So in this case, what I said earlier was all speculation. ”

"Guess?"

Jack. Mullen raised his voice, teasing him even more, "You mean we're following them?" Don't forget. The premise of all this is speculation. It's just incredible, using one hypothesis to make another, do you think we're doing academic research? ”

"Let's say they're manipulating, and the probability is five-five, and then we take the risk of following up. This probability is also five or five open, because we have the choice not to follow, and we have to bet on the right direction later, which is still five or five open. Oh my God, if we only have a 12.5% chance of making the profit you are talking about, isn't that a little too low? ”

He pinched his fingers and counted Williams, "In addition, we don't know if their positions are in place and what the target price is." Even if it is a probability of five or five openings, then the probability that we can make money may be lower than 10%, does this still need to be considered? ”

It has to be said that mathematics is put to good use financially. In addition to professional quantitative funds, they are also widely used in decision-making.

"What?"

Williams. Still immersed in his own reverie, Roger looked up blankly and looked at Jack. Mullen glanced at it, then asked, "What 12.5% probability?" ”

Jack. Mullen almost spurted out a mouthful of old blood, his expression instantly collapsed, and after shaking his head helplessly, he sat down dejectedly.

"If we assume that they have successfully opened positions before, it is highly likely that this is a great opportunity to raise the price of gold aggressively."

Williams. Roger didn't care about Jack in the slightest. Mullen's expression explained to himself, "So in this case we should increase our position and increase leverage." I believe you all know that under the effect of risk aversion, the price of gold will rise sharply, and this magnitude may be far greater than we think. Of course, all this is based on the loss of confidence in Europe in the market. ”

"There is another situation where they have not yet completed the preliminary preparations. Then my judgment is that they may use their financial advantage to suppress the price of gold and achieve the purpose of absorbing chips. After all, so far, everything is still chasing the wind, and only those countries or governments they are eyeing have real authority when they announce it. So in this case, the price of gold may fall, and we have to turn our heads short and wait until the right time to go long with them, which is the same reason. ”

"But whether you're long or short, you have to understand the financial situation of those countries, and the situation of the guys who are going to manipulate the market. Unfortunately, we don't have this information, so I don't know if to go long or short. ”

"Talking for a long time is equivalent to talking in vain!"

Such a thought came to everyone's hearts.

"What the hell are you trying to say?"

Coren as the big boss. Stetson was also impatient, frowning at Williams. Roger asked, "If you know if they are increasing their positions, you only need to know if they are likely to increase their positions, don't you understand such a simple truth?" God, you've said so much, at least I've learned a point! ”

"What?"

Williams was still confused, when he heard Cologne. After Stexon's words, his eyes widened and he looked at the other party in bewilderment.

"Hold your ground!"

Cologne. Stitchon slapped the table and loudly announced, "Adjournment!" (To be continued.) )

PS: Thank you book friends Shi Huangtian, Haotian - Invincible, and Xiaohongzhu for voting for the monthly ticket! Thank you for the tips from the book friend Gengsu and the electromagnetist! Thank you very much for your active support, I hope that the results of this book will get better and better, and the author and everyone will work together!