The practice of riding the wall finally moved everyone, and of course, it was impossible to completely convince them, so Zhong Shi had to guarantee that if the US government detected the actions of their gang, the others could withdraw at any time.

After all, deep down, they are unwilling and afraid to confront the government.

Of course, this is not just a reason for power, because the establishment of the system makes it impossible for the US government to act recklessly, but these people have done a lot of shady things in private, and they themselves are not innocent people, so they are so worried about the government's opinion on this matter.

"The whole thing is perfectly planned, but there's only one problem, you shouldn't be looking for these guys, you should be looking for another group of hedge funds that aren't involved in these things."

"Personally, I really appreciate your idea because I've been questioned in shorting. But I always believe that there is no healthy market without cleaning up the dark side of the market. And I am the scavenger of the market and the error correction mechanism of the market. The market needs people like me, and it needs the 'opposition party'. People like us should not be held hostage and controlled by the government, and should not be intimidated and threatened because of collusion between officials and businessmen, we need to improve our status and prestige, and make the whole society aware of our role in the capital market. ”

"This prestige will not only help improve our current situation, but it will also turn into an umbrella for us, an invisible deterrent to companies that break the law and governments that act recklessly, and these are your huge contributions to the hedge fund industry. If the whole thing does work out in the end, your contribution to the hedge fund industry will be unmatched. ”

"Anyway, I'm personally willing to follow your lead."

Among them, only Jim, who had been silent. Chanos gave great approval of the whole thing. After the others had left, he said these heartfelt words to Zhong Shi.

Zhong Shi was very moved by such a statement. The other party is an investor who is known for shorting. They have also been intimidated and threatened more than others, and there is an urgent need to change their situation. The most rare thing is that he not only wants to change his own situation, but also wants to improve the prestige of the entire industry, and in this regard he is much more noble than others.

In any case, this matter is preliminarily decided. Then everyone began to act with a clear division of labor.

On July 3, Standard & Poor's first stepped in to warn Greece to default on its debt if it wanted to swap it for old debt through the issuance of new debt.

Greece received the first round of aid from the European Union and the IMF because of the debt crisis, but this does not mean that the Greek government has no other ideas. In June, they tried to make a proposal to swap out old debt with new ones in an attempt to buy time. But soon this approach was ruthlessly rejected by the rating agencies.

Indeed, without the assistance of the European Union and the IMF, Greece's debt could not have been rolled over by way of a swap. Because there is no credit, no institution buys it. Now that Greece has financial assistance from the European Union and the IMF, Greece is trying to survive in this way, which naturally angers many institutions.

So S&P bluntly stated that if the Greek government really intends to do so, it will directly determine that the Greek government will default on its national debt. A solemn warning was issued on behalf of the market.

In this way, the Greek government no longer dares to act rashly, and this proposal can be regarded as officially stillborn.

But the whole thing is for the market to see. The Greek government is on the verge of action. Along with this, the Greek debt crisis has not been fully resolved so far. The fact that the whole thing is still getting worse because of the unreliable government has not only raised concerns about the prospects of the European debt crisis again.

Immediately afterwards, the U.S. non-farm payrolls data was released, which greatly exceeded market expectations. The decrease in non-farm payrolls means an increase in the unemployment rate and also represents a recession in the US economy.

During this time. Because of the end of QE2, there was a period of vacuum in the monetary policy of the US government. At this very time, the recovery of the US economy has been volatile again, which has caused the market to worry about the US economy again.

Under the two-pronged approach, the market's risk aversion has soared. Gold prices have risen for five consecutive days.

Although the news is good, no one realizes that there is another force at work.

Then came the news again, this time in Europe with Ireland and Italy.

The first is Ireland, where the Wall Street Journal claims that the EU is reassessing the size of Ireland's debt, as the previously projected €80 billion may not be enough. The new aid package will be decided on the basis of the total size of the debt after assessment, with the most conservative estimate likely to require an additional €5 billion to €10 billion in additional funding.

As soon as the news came out, the market was stunned.

The news was followed by Fitch and Moody's downgrading Italy's rating outlook to "negative", respectively. In the statement, both sides said that the bad debt problem in the Italian banking system is likely to explode in the next six months. If the Italian government wants to save the country's banking system, it will most likely follow the path of Ireland and end up with the European Union and the IMF for help.

As soon as this news came out, it immediately shook the entire market.

Because Italy is the third largest economy in the eurozone, if it has a crisis, it is very likely to shake the foundation of the entire euro, and the resurgence of the European debt crisis is by no means an empty word.

Spurred on by two pieces of news, the resurgence of the debt crisis in Europe and the unprecedented risk aversion in the market did not stop the rise in gold, although the rise in the dollar due to the fall of the euro did not stop the rise of gold.

Gold futures rose for another week!

Since July 4, gold has started a wave of 11 consecutive yang upward momentum, from the previous highest point of $1,500 per ounce to $1,600 per ounce, and the highest point even climbed to $1,607.4 per ounce, setting a record high for gold prices in one fell swoop.

Due to the rapid rise, the short and long game in the gold futures market is extremely fierce, and the largest gold ETF fund SPDR has also seen a significant increase in its holdings, increasing by more than 43 tons, and the market has a clear two-sided trend on the future trend of gold prices.

On July 19, the U.S. Congress held a discussion on the U.S. Treasury ceiling. To a certain extent, it has alleviated the risk aversion sentiment of gold. But soon, on the 22nd, the U.S. negotiations on the national debt ceiling collapsed, and the House of Representatives even said that it would no longer work with the White House to seek a major agreement on the national debt ceiling, which made risk aversion rise again.

However, August 2 is the final date, and there is still time left for the US debt ceiling, and the market is still full of confidence in this. But the price of gold has not come down.

"Zhong Sheng, according to your opinion, how will the debt problem of the United States be solved in the end?"

Jiangshan and Zhongshi, who have been staying in New York, watched coldly as the price of gold continued to rise. Driven by them, the price of gold has risen by more than $150 per ounce in the past month, and every day is an all-time high, and they have made a lot of money in this situation.

Now the market has left them with a big suspense, which is the issue of the debt ceiling of the United States. There is nothing they can do on this issue and can only wait and see how things develop.

"There will be an agreement, there is no doubt about it!"

Zhong Shi withdrew his gaze from the screen and said confidently, "No matter what, the probability of a default on the US Treasury is basically equal to zero, and no matter how the two sides play, they will eventually reach an agreement." Otherwise, the government will shut down. ”

"From the Republican side, they are against tax increases. Favored to protect the interests of the wealthy class of big business, the Democratic Party favored spending cuts and tax hikes. The Republican Party's stance dictates that they are willing to see the debt problem continue to ferment, so that the public will complain more about the Democrats, which will benefit them in next year's election. ”

"So far, they've been pretending to be following along. But the current plan has only one principle, which is to delay, slowly and gradually raise the ceiling, so that the people will not feel the trouble of the debt crisis all the time, and then have more complaints about the Democratic Party. ”

"Negotiations on July 19. They threw out a new plan, that is, Congress passed legislation authorizing ****** administration to raise the debt ceiling three times by the end of 2012, but Congress has the power to reject these plans, but the president can use the veto power to veto the congressional resolution, which gives the president the power to raise the debt ceiling. ”

"This plan looks good, but in fact it contains evil intentions, because then all the dissatisfaction is attributed to the incumbent president, and it seems that the Republicans have made major concessions, but in fact the Democrats have taken all the responsibility and dissatisfaction, which is very beneficial to their future campaign strategy."

"There's a lot of intrigue involved, but in any case, if an agreement isn't reached on August 2, both sides will have to really consider the serious consequences of the partisanship, at least in the gold market."

Finally, Zhong Shi said with a smile.

"If the two sides finally reach an agreement in August, will it mean a collapse in the price of gold?"

Although Zhong Shi said very confidently, Jiang Shan still said worriedly, "After all, the current price is under the effect of various news, if they finally reach an agreement, then the risk aversion will subside to a certain extent, and the price of gold is very likely to fall sharply, are we considering reducing some of our positions now?" ”

"There's no need!"

For this, Zhong Shi once again expressed full confidence, "Don't forget, we still have two backup tricks that we haven't used!" ”

"You're talking about South African Anglo Gold and Barrick Gold?"

Jiang Shan suddenly realized, "From a fundamental point of view, the problems of two gold suppliers at the same time will inevitably cause a huge shock to the market, which is indeed a positive, enough to offset the negative from the United States." ”

"Also, did you notice that the data of the US economy did not perform well during this time. Even if the debt problem is solved, the Fed will still have to make suggestions for the US economy. ”

Just as Jiang Shan carefully digested Zhong Shi's words, Zhong Shi said again, "They are deliberately planning an economic war in Europe, and in the end, because the effect of QE2 is not obvious, the United States will lose the capital to attract funds, which will inevitably lead to the outflow of funds to other markets, which is not what they want to see." In this case, we have more room to operate! ”

"For example?"

Jiang Shan didn't react for a while.

"For example, the U.S. government may implement QE3 and conduct quantitative easing again."

Zhong Shi smiled, "Maybe they don't want to, but we can make the market think that the U.S. government has plans for a new round of quantitative easing, and that is enough." ”

The so-called QE, which is quantitative easing, simply put, is the injection of liquidity into the market. In this case, the dollar may depreciate, and gold, as a contrarian indicator, as a store of value, will certainly rise in price again, and this is the final trick of Bell Stone.

"If I'm not miscalculated, the price of gold could end up above $1,900 and even up to $2,000 an ounce."

Zhong Shi narrowed his eyes, sighed faintly, and said, "When it reaches $1,800, we will start to sell it gradually." By the time the whole market reacted, we were gone! (To be continued.) )

PS: Thank you book friends n2800b617dUDUtro, gengsu, Nan nathan, Lao Nafa stepping into the air, and the spring palace wall willow on the wall for the monthly ticket! In addition, I would like to express my gratitude to the book friends who did not mention it in time! I hope this month is better than last month, the author will continue to insist, and I also hope that more book friends can actively vote for more support~