Andrew, who slept until the afternoon, woke up from his dream, and suddenly broke out in a cold sweat with fright, he vaguely remembered that he said something similar to long on the phone, which was just a sentence he said casually, and he didn't know if those traders really did what he told him to do.

Thinking of the treacherous waves in the copper futures market, he suddenly couldn't sit still, and even the naked women around him couldn't take care of it, so he quickly put on a shirt full of wrinkles at random, and dialed the phone number of the trading department: "I'm Andrew, what's the situation now?" ”

"It went up $45 all day, we made 30 points, and we almost made all the losses we had before!" Although most of the trading was closed by this time, there were still people guarding the computer in the rented office of the Tianyu Fund, and the trader who stayed behind said happily after hearing Andrew's inquiry.

"......" Andrew's head went blank, and it took a moment to react, it turned out that he had actually done the right thing, he couldn't help but let out a long sigh, and said with palpitations: "It's not bad!" ”

In the depths of his heart, there is a feeling of the aftermath of the catastrophe. It's just that he made up his mind that he must get rid of the current erosive life, otherwise he may be doomed.

"Mr. Zhong commanded us to carry out the operation, otherwise we would not dare to carry out such a high position operation." Before Andrew could come back to his senses, the traders who stayed here couldn't wait to say.

Andrew was left with a sigh, he originally thought that these traders had met with luck, where would he have thought that Zhong Shi had seen through the main funds?

The next trading day. The bears, perhaps aware of the bulls' intentions, did not hesitate to crack down on copper futures, as a result of which the price of copper fell by $15 on this day, and on the next trading day, copper futures began to rise in retaliation, and finally broke through the $2,100 mark in one fell swoop.

On Thursday, May 12, the bears continued to gain momentum, with a full day of trading volume reaching 80,000 lots, just 20,000 lots less than the previous day. At this strength, the price of copper has not fallen much. It ended at $2,102.

The bears are powerless to suppress it, the bulls are poised to attack, and the outbreak of copper futures prices seems to be inevitable.

"There has been a stream of bulls that have been consistently taking long positions for the past two days, and according to our inferences. There wasn't much of a turnover of hands. It's clear that it's our jihua! "In the United States. Druckenmiller and the traders begin a discussion after the close of the day.

Druckenmiller frowned, and said with some displeasure: "Our trader Jihua should not be leaked, and the position at the bottom is also very secretive. It shouldn't be Jihua who has seen through us. ”

The number of lots traded in the copper futures market every day is about 60,000 lots, although this is carried out in a few lots, dozens of lots, etc., but it is not surprising that there are hundreds or thousands of large orders in the intraday. It is the intuition of traders to find something strange in this kind of buying and selling contract, although this intuition is mysterious and sometimes very accurate, but who is Druckenmiller, how can he put the trader on this so-called "disk sense", so when he heard this statement, he subconsciously vetoed it.

"Nope! According to my intelligence in London, the current long position continues to rise, and several brokers have added tens of thousands of long positions on their accounts in the past two days, and they are concentrated in late June and early July, which is obviously a signal to look at the market outlook, I think this is either the main force of other bulls, or they are ready to follow the speculators behind us. The trader who spoke out just now retorted confidently.

In hedge funds, there is such a very haode atmosphere, that is, no matter how high the position, as long as there is a different opinion, you can say it without scruples. Because they want to invest in a global market, different investment varieties have different research methods, even Druckenmiller does not dare to say that he can be proficient in all markets at the same time, because it is simply impossible.

Druckenmiller muttered for a long time, and did not utter a word for a long time.

The other traders were silent, they naturally knew what Druckenmiller was afraid of, and they had invested hundreds of millions of dollars in the bottom of this promotion. Although the price of copper has risen now, this part has made a lot of profits, but these funds will not be able to be set out for a while and a half, otherwise there will be such a large-scale liquidation in the market, and the price will definitely be affected, because this part is only a floating profit.

And once the funds dry up, they have no way to continue to raise the price of copper, although they have not made much moves in the past two days. However, the terrible situation is not this, but if the other bulls do not continue to pull up, they will lose all their efforts.

The worst thing is that if the current bulls are shorting their backhands, they may be trapped in this market, after all, each contract is only about $100 per ton more than the price when they opened the position, and this price may fall in one to two trading days, and then they will suffer terrible losses.

It must be pulled up, which is an inevitable situation faced by the Quantum Fund, not only because of the establishment of a large number of long positions, but also because the Quantum Fund is losing a lot of money in the bond market and the currency market today, and they all have to achieve a huge victory for the sake of net worth and restoring investor confidence.

"I'll apply for the amount and make sure to make a profit in the copper market!" After thinking about it for a long time, Druckenmiller finally made up his mind. The other traders were relieved to hear Druckenmiller say this. In their opinion, hundreds of millions of dollars of funds to pull up copper in the long term is undoubtedly a little little, but since Druckenmiller said so, it should be more than that.

Within the hedge fund, fund managers need to come up with investment strategies and then hand them over to the risk control department to apply for a funding quota, so although Druckenmiller's status is far above that of other fund managers, the necessary procedures still have to be followed, but his application is easier than others, and the amount is relatively large.

……

London, the office building of Sumitomo Trading Co., Ltd.

"Hamanaka-san, the bears can't wait, they have carried out a crazy counterattack in the last three trading days, but the copper price has not fallen much!" Kenjiro Oshima said respectfully to Yasuo Hamanaka.

Yasuo Hamanaka looked at Kenjiro Oshima with a happy face, there was no expression on his face, and after waiting for a while, he said with some interest: "Since this is the case, then let them see how we manipulate the market!" ”

The joy on Kenjiro Oshima's face intensified, and he naturally understood what Yasuo Hamanaka meant, and after a ninety-degree bow, he quietly left the office.

"Lonely and invincible!" Yasuo Hamanaka had an indescribable look on his face, and only he was qualified to say this, yes, in this market, he was almost invincible.

……

On Friday, May 13, the copper price opened from $2,109, only to fall slightly below $2,100 at the opening, and then went all the way up, reaching a peak of $2,180, and finally closed at $2,170 at the end of the day.

On Monday, May 16, from the beginning of the market, the long and short sides began to fight, and finally the copper price on this day stayed at $2,179, and the rise and fall of the whole day did not exceed the range of $10, and the trading volume was 120,000 lots, which shows the intensity of the battle.

On Tuesday, May 17, the next day before the May option was exercised, the bulls rallied to a terrifying level, because the closing price of the day will directly determine the cost of opening a position in the sky tomorrow. But then the bulls began to attack, and finally at noon the price rose to $2220, the bears were naturally unwilling to tie their hands to catch, the two sides came and went, and the big fight, and finally in front of the strong bulls, the bears could only barely stay at $2225.

"The fight was really fierce!" When Zhong Shi saw the K-line chart, he sighed sincerely. After seeing through the bulls' strategy, he took advantage of the bulls' main force to test the market reaction, and established a position of 30,000 hands in the market with lightning speed, which cost him nearly $200 million in funds, and another $300 million as a backup.

It can be said that in the process of soaring copper prices, Zhong Shi has made a great effort, and it is not an exaggeration to say that he is the most conspicuous bullish main force in the market. With the price of copper rising to $2,200 this period, he has earned close to $100 million on these positions.

Compared with the daily fluctuations in the oil market and the position restrictions of speculative accounts, it is too easy for the non-ferrous metals market to make money, Zhong Shi couldn't help but sigh. It's just that he doesn't realize that most of these floating profits are based on short losses.

The position of 30,000 hands is also a very obvious position in the whole market, what Zhong Shi is doing now is to try to flatten the contract of the near month and establish the contract of the far month, but now the contract of the far month is due to the price of the main contract, and the cost of opening a position has also increased rapidly, Zhong Shi knows that it is impossible to open a position at a low price.

I don't know how far this wave of market will go, Zhong Shi couldn't help sighing, he only vaguely understood what the person who manipulated the market was after the bulls had risen for two days. Although the frenzied opening of positions from the market, coupled with the previous positions, this has only accumulated a position of 30,000 hands, and the terrifying positions established by the main forces that have been pulled up at a certain low price are still unknown to how much they have earned!

What Zhong Shi didn't know was that whether it was the Quantum Fund that had previously formulated Jihua to pull up Jihua, or Yasuo Hamanaka in the vertical and horizontal copper market, the positions in their hands were not much different from Zhong Shi. (To be continued......)

PS: Thank you for the reward of the book friend Contra [Luo] Fighting Soul!