Chapter 249: The Battle of Gold (3)
"What's wrong with him?"
After a long moment's hesitation, Cologne. Stitchon asked, puzzled.
There is no one among them who does not know Zhong Shi, and he is even the idol of many of them. This man, who started from the end of the world, has become one of the top beings on the planet by himself. Although he is only in his thirties, his achievements in the field of finance are unprecedented.
As for whether there are any later generations who can surpass, at least Cologne. Stitchon and his colleagues found it difficult.
The reason why he became their idol is that in addition to accumulating huge net worth, the most important thing is that Zhong Shi has done what these people dream of, that is, influencing the market and even the central bank.
Soros did this at his peak, so he also became an idol admired by thousands of people.
He ...... What's wrong? ”
Williams. Roger deliberately dragged out his voice while looking at everyone with an incredulous expression, "Gentlemen, do you really think that the debt crisis in Greece has nothing to do with this gentleman?" ”
"This ......"
Despite being a small fund, the folks at KSJR have also heard various versions of market rumors. However, in the face of Williams's "brain-opening" assumption, they are still a little difficult to accept.
"What do you mean......"
Jack. Mullen pondered for a moment, then finally chuckled and said, "Manipulated three rating agencies at the same time, and to a certain extent, affected the Greek government's balance of expenditures, and then triggered its entire debt crisis?" I must admit that Zhong Shi is a very good fellow, but the premise of your assumption is so difficult that I think only God can do it! ”
He shook his head with a smile and came to a conclusion about the whole thing, "It's a coincidence!" ”
Truly. If, as Williams hinted, the whole thing was operated by Zhong Shi behind his back, it was a bit too ridiculous, and it was beyond the scope of everyone present. After all, there are many objective factors here, so after just a little thought, everyone decided that Williams's assumption was not valid.
"I always feel like I have something to do with him!"
Williams. Roger still didn't give up. "Let my assumptions aside. Gentlemen, do you think that if the whole thing could have been a coincidence, would this Mr. Chung have also noticed the gold market? Is it taking action now? ”
This time there was no more rebuttal, replaced by a deathly silence.
If everything that preceded it was a coincidence, it would be impossible for a figure like Bell Stone not to notice the impact of the Greek crisis at the right time. While the impact is manifold, the gold market is a fairly large market that can make enough profits that it is impossible for Bell Stone not to notice this market.
The thought of the giants may step in, or have already intervened. People had to start thinking seriously about the implications.
"The follow-up trend of the gold market still depends on the trend of the dollar?"
Cologne. Stason hesitated for a moment, and finally said hesitantly, "Even if Zhongshi's capital intervenes, it is impossible to completely reverse the entire market, right?" ”
"Maybe we're a little worried!"
Jack. Mullen echoed, "Although that guy is a legend, if it were me, I would probably bet heavily on foreign exchange." Gold, of course, is not unconsidered. But it shouldn't be my top priority. And with the amount of his capital, it should not affect the trend of gold. ”
Hear the words of the two. The others nodded yes.
Although they have not been in contact with Zhongshi, they still subconsciously believe that the trend of this market is determined by objective factors, rather than the intervention of some strong funds.
This would at least reduce their panic to some extent.
"So where are we headed in the future?"
For the statements of these two people, Williams. Roger always had a feeling of distrust, but he couldn't say why, so he simply skipped this aspect. Ask them straightforwardly about their conclusions.
"Gentlemen, look at the plate!"
When it comes to conclusive stuff, Jack. Mullen opened the prepared PPT and began to analyze in detail, "Since the major countries of the eurozone have begun to seriously consider the plan to rescue Greece. The price of gold began to fall sharply, reaching its peak today when they announced the bailout. That's what you're seeing now at $1,085 an ounce. Of course, it also fell to $1,076 an ounce at one point during the session. ”
"According to my judgment, both institutions and individuals may reflect and adjust to the current overreaction, which is basically the same as the trend of the euro. In the next half to a month, there may be a certain degree of correction in gold prices. So I suggest that during this time we should be long-lasting. As for the extent to which it will be adjusted in the future, and when it will be the inflection point of the market, my personal suggestion is to continue to observe. ”
Although it is a commodity fund, due to the limitation of the scale of fund management, to a certain extent, the operation of KSJR is still mainly short-term. Similarly, with their research capabilities, they can only estimate the trend for the next month at most.
"...... like this"
Cologne. Stexon thought about it and thought that Jack. There is some truth to what Mullen said, but he also wants to hear the opinions of others, "Guys, are there any other different opinions?" ”
"I think a pullback is possible, but it's not because of the excessive decline in the early stage, but because of profit-taking."
Williams. Roger said lightly, "And if the big money really gets involved, it's quite easy for them to manipulate the market, and we have to be extra cautious about that." In addition, the volatility in the coming period should not be too large, because the main countries of the eurozone are still negotiating with the Greek side on how to bail out Greece and what to achieve next, that is, although it is expected here, the process is still quite complex and serious. So once there is a volatile situation, can we think that big money is taking the opportunity to disrupt the market? ”
"You still think there's a conspiracy?"
Jack. Mullen was a little dissatisfied, "In the long run, the recovery of the US economy is far away. It is already a fact that the European economy is strengthening in disguise. In the case of a lower dollar, there will be an upward trend in gold prices, which is already a well-known consensus. Of course, it is difficult to say exactly what the price will rise to, and what kind of impact it will be on in the meantime. But one thing is for sure. Even the inflow of large funds will not change this situation. ”
Although, at some point, the trend is well known. But the market is changing rapidly, and various drivers can reverse the market in a moment, so Jack. Mullen's words have a point, but they are also flawed.
"Can't change?"
Not to be outdone, Williams retorted-for-tat, "If nothing else, I'll give you a simple example." In September of this year. Paulson Funds takes a stake in Anglo Gold, the world's third-largest gold producer. If there is no profit to be made, how can a hedge fund easily take a stake in a gold company? I even feel that this is part of their manipulation plan. ”
"So we're still going to do more, aren't we?"
Jack. Mullen was very alert to seize the loophole in the other party's words, and unceremoniously counted, "Look at it, hedge funds in the United States." At present, the most popular guys in the market are bullish on gold, so why shouldn't we go long? ”
“……”
Williamston was speechless.
In all fairness. The two men did not discuss the same focus. One is talking about short-term trends, and the other wants to explain that because of the intervention of large institutions, the volatility of the entire market will increase, and the risk will naturally increase, so it is necessary to invest carefully.
But both men agreed on one point, which is the long-term term. Gold's trend is towards price growth.
By Jack. Mullen was so confused that Williams didn't know what to say for a while.
"No doubts now, right?"
For his two right-hand men, Cologne. Stetson is also a headache, sometimes the two sides can agree on the same point of view, and sometimes there is a gap between the north and the south. When there is a difference of opinion between the two. He, the boss, had to step up and play the round.
"So far, at least, we've been on the same page on going long."
He comforted the two and said, "As for when to turn around or continue to increase positions, let's see, I don't know if everyone has any different opinions?" ”
Naturally, there will be no other opinions.
At present, the strategy of KSJR's next stage of gold operation has been decided.
……
As it turns out, whether it's Jack. Mullen or Williams. Roger, there is still some accuracy in judging the market. After the major countries of the eurozone announced their assistance to Greece, both the trend of the euro and the trend of gold began to slowly correct from the recent low.
Gold rose nearly 2% in the next two trading days, and although it retreated again in the next two trading days, the price of gold began to rise again in 2010. From the end of 2009 to July 11, 2010, in just seven trading days, it rose from $1,093 to $1,162 per ounce, an increase of 6.31%.
With the help of leverage and a keen grasp of this wave of market, KSJR's net value rose sharply by 51% during this period, increasing by more than half in just a dozen days, becoming one of the big winners in the current market.
Unfortunately, as Williams had speculated, large institutions began to intervene in the gold market, making volatility frequent and intense, and soon KSJR was hit by a wave of huge risks.
……
"Are you ready?"
Bell Stone smoked a cigar and looked out the window at his own eyes, and across from his desk, sat Bill. Gross, the famous bond king.
After Bell Stone gave him an ultimatum, Gross realized that the young leader was already dissatisfied with his actions, and although he was not very afraid, it was unjustifiable if he missed a great opportunity to make money. After arranging the time, I flew to Hong Kong yesterday and met with Zhongshi at Tianyu Fund today.
It's not so much a meeting as a seeing.
"Prepare what?"
Gross was stunned for a moment, woke up from his memories, and asked Zhongshi in confusion.
The last time Gross and Bell Stone faced each other was in the U.S. 10-year Treasury market. Of course, there are reasons for Gross's arrogance and Soros's demagogy, but in any case, when Gross thought he was winning, the Fed suddenly intervened, causing Gross to return defeated.
So after meeting Bell Stone, Gross couldn't help but think of this experience. I couldn't help but ask whether the other party was lucky or really had insight into the intentions of the U.S. government.
"Just tomorrow, Moody's will issue a statement to warn Portugal!"
Zhongshi didn't know what Gross was thinking, and he said lightly, "So far, the debt crisis has begun to spread, at least in our plans. In order to be able to convince investors, I need you to make a trip to Portugal and use your influence to maximize these fears! ”
"Me?"
Gross pointed to his nose and asked, "Anyone else?" ”
"Of course!"
Zhong Shi snapped his fingers and said, "I'll be in Spain, Jim. Chanos will be in Italy, Paulson will be in England, that's our division of labor! (To be continued.) )
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