[Refresh at 1 point...... Let's watch it tomorrow morning if you stay up late]

But there was a man who opened his mouth and smoothly exchanged foreign exchange from Contini, who is it? Adriana!

Contini gave her a $1.2 million limit, and told her with a smile while filling out the check: "This is your private money, you haven't received last year's dividends, you like to exchange it for whomever you want, but you are not allowed to cry in front of me if you lose it in the future......"

This is the president's family affair, and Francisco can only treat it as if he didn't see it - not only does he have a father who is the deputy mayor, but he also gave birth to a son, and he has to give 1.2 million face. Besides, it was Contini out of his pocket, and Vivian had just spent $1.7 million in New York, and he couldn't say anything more.

Other than that, nothing was successful - it was such a simple move that kept the exchange army under control. The fact is that the normal foreign trade demand is sufficient to meet here, and the current massive increase in foreign exchange demand is completely speculatively driven and not worthy of recognition.

However, Francisco is also a little worried: will the rumors outside be more detrimental to the stability of the lira's value if it is controlled in this way?

Contini nodded: "There is no doubt about it, but we can't expect to keep the foreign exchange on the one hand, and on the other hand, not to let others question it, as long as it takes a long time, the rumors will subside, now is the critical moment, I would rather be attacked with foreign exchange in my hand than be empty and cowardly at the critical moment." ”

July 16 was the last delivery day for the July crude oil contract, but there was not so much crude oil in the market that could be delivered, so there was a rush to buy and close the position, and by the way, the price also rose a little, but soon Leo told him that not only the August contract, but now the September contract is rapidly declining.

"Don't they care about the responsibility for default?"

"Nope! Persian Oil is ready to meet market delivery needs, while U.S. crude oil is ready to flood into full delivery demand. ”

"U.S. crude oil?" Contini was stunned, "It is not profitable to deliver American crude oil at all, and now the price in the US market is higher than that in Europe, and it has to be shipped back, which is completely a loss-making transaction!" ”

"But people may not mind the penny a barrel loss here, they will suck up our foreign exchange and at the same time leave the delivery of crude oil with nowhere to put it – that's a big problem!"

"I see, let them come." Contini thought for a moment, "Be ready, intend to continue financing from the U.S. market." ”

"As I mentioned, several major banks offer prices of more than 5%, and the amount is not much, only about 5000-100 million."

"Yes, just integrate at this level, 3 years!" Contini said, "We have to plan ahead and accumulate a little bit of hole cards, otherwise we will be too passive." ”

"What about crude oil contracts in the market? Continue to earn? ”

"Continue to open the acquisition according to the reserve regulations, don't be afraid to spend money...... "Contini thought for a moment, "the point is the August contract, find a way to stabilize, eat as much as you want!" ”

On July 19, the Jewish consortium responsible for the first wave of attacks took stock of the current gains and losses: the United Group had delivered nearly 10 million barrels of crude oil, and according to the information they had, it was estimated that the storage depots built on the Italian mainland would continue to hold about 7 million barrels, after which there would be no storage capacity. At the same time, at least one-third of the foreign exchange in the hands of the Union Bank has also been consumed, and the demand for exchange is still increasing, and since there are indeed people who have exchanged foreign currency, and the exchange rate of the lira has been stable, public opinion believes that the credit of the United Group can be trusted......

"The attack must be intensified!" This is their unanimous idea.

"First of all, this $1.2 billion is the extra foreign exchange this time, and I know very well that this is not the norm and will recover soon, but if it is not in our hands, what do you guess the Treasury will do when it is squeezed? Do you want to pay as required? ”

Francisco shook his head: how is it possible, it must be who gives the power to whom first!

"This inevitably leaves room for rent-seeking, so I'm going to take it into my own hands and use my own methods to control the flow of foreign exchange. As for the interest ......," Contini shrugged, "as if I had contributed to the country, what year would the United Group not pay tribute to the state treasury?" More than paying taxes! ”

Volpi, who received the telegram, agreed to transfer foreign exchange to the Union Bank, but with one additional condition: it could increase the liquidity of the Union, but it would not allow long-term loans to be issued, otherwise it would be troublesome if it could not be recovered at the end of three months.

As soon as the matter here came to an end, Leo sent another telegram, saying that more than 30 million barrels of oil had been sold, and the price was around $1.05.

Contini thought for a moment: "We have 10 days to arrive in Rome, and you can make an announcement that the United Group will make a timely purchase, and the standard is that the price of the next month contract for three consecutive trading days is less than $1 regardless of the opening price, closing price, and average price, and we will make the acquisition." ”

This is tantamount to putting forward more stringent conditions, but it also gives the market a boost of confidence, and oil prices rebounded in the next two days.

On June 14, new news came out that the Algerian oil fields have produced more than 10,000 tons per day, and there is no doubt that the supply will exceed 4 million tons next year, while the Libyan oil fields have also produced more than 3,000 tons, and the total oil production of the two fields is expected to exceed 5.5 million tons and nearly 40 million barrels. At the same time, Romanian and Persian oil fields are also increasing production, and market analysts believe that oil prices may stabilize around $0.9-1 for a long time, and say that the European market may reach 20 million to 30 million barrels of oversupply.

As soon as the news came out, it immediately attracted great attention from the market, and three days before Contini returned to Rome, oil prices finally struggled to break the $1 mark, barely closing at $1.01 at the end of the session, but shaky. At the opening of the next day, oil prices opened at $0.99 and then continued to fall, closing at 0.97 by the end of the session – the first trading day to meet the criteria for storage.

On the second day, on the third day, the news changed in the United States, and although it once rose to $0.99 halfway, it still failed to break the $1 ceiling. According to Leo's observations, there were at least 40,000 slips hanging at the $1 place that day.

The good news is that Contini is finally back in Rome, and the bad news is that the collection must be set in motion – otherwise the market will question the credibility of the United Group. Now the major newspapers are eagerly waiting to see if the United Group will really go back on its word.

On the evening of the day of his return, the United Group held a press conference, in which Contini said categorically: "The United Group will carry out an open acquisition, and we will soon collect and store the crude oil delivered in July, no matter how much, we will play a role in stabilizing the market, during this period, in order to take into account the overall situation, the crude oil from the two oil fields of United Petroleum will not be sold to the outside world for the time being, and will directly enter the storage ......"

"Do they really want to store?"

"Yes, it doesn't look like a fake, and he's only in charge of near-month contracts."

"Then throw it to him......"

"Don't throw it, he will absorb it, you see......"

As traders struggled to write, they only saw that the operating representative of the United Group directly placed a buy order at 0.97, and the first transaction was 20,000 contracts - representing 20 million barrels of crude oil.

This position is not easy to bluff the market, because the whole of Europe counts all the current supply capacity of United Oil, which is the supply of 20 million barrels of crude oil a month, which means that the United Group has taken over? There are these 20,000 orders at the bottom below, and the prices above 0.98 and 0.99 are very active. At 2 o'clock in the afternoon, with Leo's order, another 10,000 orders were smashed directly at the price of 0.99, and all the small fish and shrimp traded nearby were eaten cleanly.

"It looks like it's not a small hand, keep throwing it to him! Dump the August contract! ”

This tug-of-war lasted for 4 days, and the United Group sucked up more than 30 million barrels of crude oil contracts, and then entered July, and now the focus of market attention has shifted to the August contract, and the August contract delivery period is still a full 45 days!

This is a deadline that is prone to change.

"The fish has been hooked, and the foreign exchange can be moved here!"

With Jacob's order, on July 6, the tidal wave of lira began to respond to the call to refute the rumors and exchange for the foreign exchange that had been released: only four days later, Volpi asked Francisco for help - the central bank had less than $40 million in foreign exchange, and asked them to quickly return the $1.2 billion.