"Ryujie-san, no matter what, at least you didn't convince me." Kenjiro Oshima stepped forward at the right time to retort, but he changed his mind and unexpectedly continued: "But for tomorrow's long strategy, at least we are still on the same page." ”

"Oh? I want to hear about it! Ryusuke Yasuo asked rhetorically as if he was humble, but in his heart, he greeted the immediate female relatives of this old rival seven or eight times. In his mind, Kenjiro Oshima is a villain who wields power, often taking advantage of the fact that his position is slightly higher than him and pretending to give orders, in fact, he is an idiot with no ink.

"Chile!" Kenjiro Oshima only said one word, and everyone present was stunned.

Yes, when they consider large-scale spot copper delivery, they only consider the impact on tomorrow's market, and subconsciously forget the Chilean copper incident some time ago.

If, according to Ryusuke Yasuke's previous inference, today's incident was the work of powerful hedge funds, then it is very likely that they will bury another back-up move, and they will not easily leave the market before this back-up move is detonated. As for what this trick is, the biggest question left in the market is that the Chilean state-run copper strike was stormed some time ago.

Yasuo Ryusuke was also taken aback, and then remembered the deep reason for the sudden rise in copper prices some time ago. For the first time, he confronted his long-held opponent as a straw bag, and found that Kenjiro Oshima was not as incompetent as he thought.

The most powerful right-hand man has chosen to continue to be long, and Yasuo Hamanaka thought about it again. In the end, it was decided to obey the will of the people, and tomorrow's operation will continue to be based on promotion.

……

In the office of Tianyu Fund, Ampitt panted and pushed open the door of the office, and shouted loudly to Zhong Shi and Andrew, who were stunned: "The LME warehouse has 100,000 tons of cash copper, which will be delivered today." After saying that, he was surprised to find that Zhong Shi and Andrew's faces did not change at all, and even after both of them just looked at him, they continued to talk as if they had not heard what he said.

"Gentlemen, didn't you hear what I just said?" Ampet was a little anxious. I repeated the words even louder.

The noise he had just made was too loud. Attracting the attention of several other traders, coupled with his loud shouting, everyone in the trading hall rushed over, and they heard Ampet's words. One by one, their mouths opened wide in shock. I didn't know what to say for a while.

Or Lu Xisheng reacted quickly. After a brief moment of shock, he crossed his fingers and began to analyze one by one: "This is really good news. First, options bulls are not in a hurry to leave the market tomorrow or the next few trading days. This protects the current copper futures price. Second, as soon as this news comes out, the bears will definitely be afraid of the delivery ability of the bulls in the short term, which makes them have reservations about suppressing prices. ”

Analyzing this, he couldn't help but sigh with emotion: "This is simply the limit of trading." To be able to do such a thing at this time, in addition to having enough funds, it is also necessary to take into account the implementation of the option side, as well as ......" Speaking of this, he seemed to remember something, and couldn't help but stared straight at Zhong Shi and Andrew in front of him with wide eyes, so excited that even his body trembled a little.

"What else? You mean, huh? The other people who were listening to it with relish immediately stopped doing it, and urged Lu Xisheng to finish it quickly. However, when they saw Lu Xisheng's appearance and followed his gaze, they found that Zhong Shi and Andrew were smiling and looking at them very calmly.

Lu Xisheng swallowed his saliva hard, and after trying to calm down his excitement, he asked cautiously, "This...... This one...... It can't be our fund, right? ”

"Bingo (right)!" Zhong Shi snapped his fingers at the sky triumphantly, then winked at the stunned traders, and said in a flat tone as much as possible, "Do you remember the current copper purchased in the first half of the year?" That's what we delivered today. Your fund has made a lot of money, and this closing alone has made a profit of $40 million. ”

When Andrew next to him heard this, he immediately said with a bitter face: "Zhong Sheng, don't be joking. The money isn't just on your left and right hands. ”

Zhong Shi pursed his lips, pretending to be unhappy, and deliberately complained: "Andrew, we are familiar with each other, but if you talk nonsense like this, I can sue you for slander." ”

Andrew shook his head helplessly, just a wry smile.

Looking at the traders who were still in a petrified state, Zhong Shi walked over and patted them on the shoulder, deliberately straightened his face and said: "Gentlemen, it's time to get off work, I don't object to you if you want to continue working, but there is no salary to take, Mr. Andrew and I are going to leave first, see you tomorrow." ”

As he walked out, the four traders who were still blocking the door of the office instantly made way of a passage, and several of them had fanatical and respectful eyes in their eyes, and their waists were straight, almost all of them watched Zhong Shi leave with incredible eyes. After Bell Stone and Andrew were out of their sight, they put away their attitude towards Bell Stone and began to talk about it.

"Is this really our manager's doing?"

"Still in doubt? Don't you see the expressions on Andrew and Mr. Chung? ”

"By the way, what did Andrew say just now that the left hand was changed to the right hand?"

"Uh...... Haven't you heard that most of the funds in our fund are our own funds, and it is said that 90% of them are from the Zhong family. ”

……

The news quickly reached the ears of global investors who are concerned about the copper futures market, even the Quantum Fund.

"McCann, can you explain what's going on?" Druckenmiller asked dissatisfied. At this time, the atmosphere in the conference room was extremely tense, and with Druckenmiller's questioning, almost everyone's eyes were on McCann, the director of non-ferrous metals. Sylvester.

"I don't know this very well, but our positions in the copper futures market have been cleared!" McCann's face showed no fear, and he stood up and spoke eloquently.

A flash of anger flashed across Druckenmiller's face. Immediately, he suppressed the anger in his heart and said coldly: "Tell me about your operations and judgments. ”

McCann didn't seem to notice Druckenmiller's dissatisfaction, and still said to himself: "Today is the day of option exercise, and since the market has new longs and more new shorts, we have taken advantage of this rally to liquidate all the positions we hold now, and the average price is much higher than expected." The current account profit is ......"

"Wait!" Druckenmiller finally couldn't hold back and unceremoniously interrupted McCann's words, "Didn't you even get any news in advance about the large-scale delivery of the copper futures market?" ”

A stunned look appeared on McCann's face. After settling down. He realized that Druckenmiller was very dissatisfied with his work, and after a few thoughts flashed through his mind, he regained his composure, shook his head, and said, "We really didn't get any news before this. Because copper inventories have been growing in recent times. For the sake of risk. We have been reducing our positions. It's all about strictly enforcing your haode strategy before you make it. Speaking of which, he specially accentuated the tone of "making a haode strategy before".

Silence, deathly silence. Almost everyone could tell McCann that if Druckenmiller continued to hold McCann accountable for his failures in this matter, he would ultimately have to blame himself.

Druckenmiller suddenly felt an inexplicable upset, he waved his hand impatiently, and announced that the meeting was dismissed, not even bothering to listen to the report on his investment field.

……

On Thursday, November 17, as soon as the copper futures market opened, there was no surging unwinding and selling as in the original history, but a continuous buying order. This is the bears who can't wait to unwind their positions in the market in order to seek to get out of the market as soon as possible, due to the news of yesterday's large-scale spot copper delivery.

"Zhong Sheng, do we need to close some of our positions?" When the price of copper broke through $2,870, there were more buying orders in the market, because there was not enough lot to close the short position, the price of copper futures could only rise gradually in the buy order of the short position.

"Don't worry, wait and see, the bears must be much more anxious than us!" Zhong Shi shook his head slightly, and rejected the proposal.

In addition to some noisy bears, other bulls in the market also have the mentality of beating the water dogs, and constantly open new long positions in the market. Although there are bears who are not afraid of death to enter the market again to take over these high-level opponents, they can't stop other bears from panicking to close their positions, so they can only watch the price of copper futures continue to rise.

Just when Zhongshi was still waiting to see, the price of copper futures broke through $2,900, and at this integer point, there were already shorts who were forced to close their positions because they reached the limit of maintenance margin, that is, liquidation. The pessimistic atmosphere permeated the entire bearish market, so it took little effort on the part of the bulls to break through the $2,900 level.

"Close 10,000 lots and see how the market reacts." At this time, Zhong Shi began to close positions on a large scale, and he thought that his psychological expectations had arrived, and no matter how high he was, he was afraid that he would force the bears to die.

10,000 lots of sell orders appeared in the market, and immediately matched with the short position closing orders at these prices, and the price of copper futures fell rapidly at a speed visible to the naked eye, falling by $20 in a few minutes, and finally stopped at $2,880.

But it didn't take long for another bull to appear in the market, and it took a full hour to pull the copper price to $2,900 again.

On the short side, except for the part that has already given priority to closing positions, some other bears have not done it, these people did not open positions near $2,700, their average price may be at $2,800 or even higher, and they are not afraid of being forced to close their positions in a short period of time, so they began to fight with the bulls around $2,900. The two sides fought happily, but the price of copper futures has always hovered nearby, and finally when it came to the end, neither side could help each other, and the final copper price closed at $2,900.

The copper candlestick has been pulling out of the white candle for five consecutive days, from $2,650 on November 10 to $2,900 today, the biggest increase in recent years. Analysts predicted after the close that tomorrow would be a downtrend. (To be continued......)

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