Chapter 598: The Button Gold Reserve Center is off to join the battle
Since Goldman Sachs released the shorting of the Dragon Gold Market, Xingchen Investment has begun to prepare for a counterattack.
Under Yang Chen's order, Xingchen Investment released a gold market research report.
There are three main reasons why Goldman Sachs is short the Dragon Gold Market.
First, the gold price of 1,750 meters per ounce is at a fairly high price, compared with the gold production cost of 1,200 meters per ounce, there is more than 500 meters of gold per ounce to fall.
Second, in the past three years, the dragon government has shipped back a total of 2,600 tons of gold from abroad, and the total annual gold consumption of the dragon country is only about 600 tons, even if the dragon country stops gold production and procurement, so much gold is enough for the dragon country to use for more than four years, so the gold market of the dragon country will fall steadily in the next five years.
Thirdly, the government of the Dragon Kingdom has consumed too much reserves for the purchase of gold from overseas, and there is no surplus funds to stabilize the gold market.
The research report of Xingchen Investment refuted Goldman Sachs' short-selling reasons one by one.
First, the price of gold is not high, because with the international turmoil, as an international hard currency, the hedging demand for gold will be higher and higher, and the international gold price will continue to rise, and it is expected that each ounce will rise to 2300-2500 meters of gold / ounce, and its actual value and hedging value will reach the equilibrium point, and then the gold price will fall.
Second, the gold shipped back by the dragon government is used as a strategic reserve and will not be easily thrown into the market. In today's uncertain international situation, it is not safe to reserve any foreign debt, but it is safe to reserve international hard currency gold. Therefore, there is no situation where the Dragon Gold Market will not run out in the next few years. And it is around the New Year of the Dragon Kingdom, according to custom, there will be many engaged and married couples who need to buy gold jewelry such as three golds, and the gold market demand is strong, which will definitely drive the price of gold to rise steadily.
Third, most of the gold shipped back by the dragon government was in reserves and deposits abroad, and not all of it was purchased with foreign exchange reserves. In other words, most of the gold shipped back originally belonged to the Dragon Kingdom and did not need to be bought with money, so there was no problem of the government lacking funds to stabilize the price of gold. If there is a big fluctuation in the price of gold, the government of the Dragon Kingdom can continue to buy or throw the gold shipped back into the market to stabilize the gold price.
If it is just a textual refutation of Goldman Sachs' reasons for shorting, it is obviously not convincing, and it is not Yang Chen's style of doing things.
The second half of the research report of Xingchen Investment clearly stated the future operation plan of Yang Chen and Xingchen Investment.
First, Yang Chen will personally follow the will of the country and exchange the foreign currency he earns into gold and send it back to China for reserve use, in case of future needs. At present, Yang Chen has stored about 200 billion meters of gold in the vault of Longguo Bank, which comes from foreign currency earned in overseas capital markets. In the future, Yang Chen will continue this operation and exchange the foreign currency earned in the overseas market for gold and ship it back. Paper money is unreliable after all, and gold is the hard currency.
Second, Xingchen Investment will open at least 1,000 tons of gold in batches in the international gold futures market. Goldman Sachs and its peers who hold the same view as Goldman Sachs are welcome to continue to open short orders and see who can have the last laugh.
The research report of Xingchen Investment quickly spread throughout the global capital market and quickly led to a wave of discussion.
Dragon Kingdom netizen comments.
"I'll go, Boss Yang is too good, right? The gold reserves in Longguo Bank alone are worth 200 billion meters of gold, so doesn't this gold alone make him the richest man in the world? ”
"I always thought Boss Yang was awesome, but I didn't expect him to be even more awesome than I thought. In the past few years, he alone has earned 200 billion meters of gold from abroad, isn't it necessary to earn tens of billions of meters of gold a year? He's too profitable, isn't it? ”
"Haha...... It has to be Boss Yang, who refuted Goldman Sachs' reasons for shorting one by one, and finally proved to everyone that gold will definitely rise with practical actions. What are you waiting for? Boss Yang is unprecedented, and he will take everyone to make money, which can't seize the opportunity, which can only mean that you have no financial luck. ”
"Stupid people are still discussing, smart people have already gone to line up for gold. I'm now queuing up for the Dragon Kingdom Gold next to the community, and I now know that there are really a lot of rich people in the Dragon Kingdom, and they really take it with their eyes closed, and they don't know that they think it's cabbage. ”
"My mom, the aunts of the Laomiao Gold Lujiazui store have gone crazy, they are really holding canvas bags of gold for grocery shopping, the store has been emptied, and they are taking it out of the warehouse."
……
It is well known that older women prefer gold the most.
First, wearing gold and silver looks rich, which means that you have a good life.
Second, gold retains its value and can be used as a family heirloom for children in the future.
Therefore, the major gold stores were soon occupied by the aunts.
They don't care about gold bars, bricks or gold jewelry, as long as they can afford it.
At the same time, the National Reserve Management Bureau of the Dragon Kingdom issued an announcement.
The Authority has entered into a gold sale agreement with Yang Chen and Xingchen Investment, under which the Authority will sell 500 tonnes of gold to Yang Chen and Xingchen Investment, and Yang Chen and Xingchen Investment will guarantee that the gold will be used for reserve purposes and will not be sold for at least five years.
As soon as this announcement came out, it directly detonated the gold market of the Dragon Kingdom.
Boss Yang really took out real money to buy 500 tons of gold, if he continues to wait and see or doubt, then he will really miss this wave of market.
As a result, a wave of rushing to buy gold as a "New Year's goods" was set off in the entire Dragon Kingdom.
Today is the last stock market opening day before the Spring Festival, the gold sector collective limit, even the stocks with a little precious metal concept have risen sharply, the gold sector is driving the market to soar 150 points, and the sluggish big A finally ended this year's market.
After getting off work in the evening, the major physical gold stores set off another wave of panic buying, and then the major gold stores hung up "sold out" signs.
At this time, the country of rice.
The United States is not the Spring Festival, and the stock market is trading normally.
At the morning meeting of the Gaosheng Group, everyone's faces were heavy.
President John looked at the report sent by the Longguo Branch, and his brows tightened.
"Yang Chen and Xingchen Investment bought 500 tons of gold for reserves, and promised not to sell it for five years."
"There has been a wave of rush to buy gold throughout the Dragon Kingdom, and women over the age of 50 have become the main consumers, and buying gold is like buying vegetables and loading it at home in a handbag. At present, most of the gold stores in the country have been sold out and have ceased to operate. ”
"We have found out the inside information of several gold processing companies, and tomorrow they will collectively raise prices, and they will ignore the international gold price and directly set prices according to their market estimates."
……
Seeing the contents of these reports, John didn't know what to say.
After a long silence, John spoke.
"Let's give a word to you, whatever you want, it's okay." John said weakly.
The president spoke, and everyone actively discussed.
"The people of the Dragon Kingdom are all crazy, how can they buy gold like this! The gold shops have been emptied, why are they so obsessed with gold? ”
"In more than 50 years of my life, it is the first time I have seen people in a country so snapping up gold. Aren't they developing countries? Why can you buy gold as cabbage? We are a developed country, and the common people do not have this purchasing power. I still don't know who is a developing country and who is a developed country. ”
"It's related to their values, in the eyes of the Dragon Country, parents have to earn property for their children, and gold is undoubtedly the best reserve choice."
"I think the main reason is that Yang Chen really did what he said, bought 500 tons of gold with real money, and everyone else followed suit. Alas...... Blame ourselves for underestimating Yang Chen's wealth and his influence in the Dragon Kingdom. ”
"So what now? Continue to be tough, or quickly admit defeat? ”
"There's no need to throw in the towel so early, right? When the market opens, let's see how the market is trading. If the price of gold really soars to the point where we can't afford it, then we can only stop the loss in time and admit defeat. If it's not bad, we'll give it a second antibody. ”
……
Everyone looked at President John, and it was up to him to decide.
John didn't speak, quietly waiting for the market to open.
Half an hour later, the market opened.
Not surprisingly, gold futures prices rose sharply, jumping rapidly from 1,720m to 1,860m gold/oz.
The stock market is the same, gold concept stocks have risen across the board, even the companies of Longguo, as long as they are related to gold, have also risen.
Because the reason for this wave of rise is Yang Chen's counterattack on Goldman Sachs, so Long Concept stocks have also risen to varying degrees.
Now all dragon concept stocks have an additional theme concept, that is, "Yang Chen concept stocks".
Therefore, as long as it rises because of Yang Chen, there is a high probability that all dragon concept stocks will rise.
It is the first time that one person can affect the stock prices of so many companies, and then the entire stock market, and this is the first time that such a spectacle has occurred.
Even Warren Buffett, who is regarded as a god by people all over the world, does not have such ability and influence, and Yang Chen is really the first person to break new ground.
At this time, Fiertas, the president of the Lion Fund, saw that the dragon stocks were red, and angrily smashed the coffee cup in his hand on the table, and after calming down for a few seconds, he quickly wiped off the coffee that was spilled on the table.
The video of Chen Jianbin and Cao Cao, who is particularly popular on the Dragon Kingdom Internet, buttoning a bowl of rice on the table and sweeping it back into the bowl, is especially suitable for the current Fiertas.
After wiping the table, Fertas could no longer control his emotions and yelled, "Fack! Fack! Fack! Why did Goldman Sachs fools short Dragon Kingdom Gold at this time, originally our battle with Yang Chen had entered a headwind state, and now the dragon concept stocks that they have made have risen collectively, it is even more difficult for us! Fack! A bunch of idiots! Tamar's! ”
That's when the secretary came in.
Secretary: "Mr. President, Luckin Coffee has risen again, and our short orders are about to blow up again." Will you continue to replenish cash to stay afloat, or will you close your position? ”
Fertas: "We've paid such a big price, of course we have to keep going." Isn't closing a position at this time tantamount to admitting defeat? Isn't the previous short order really a loss? As long as we don't close the position, we just have a floating loss on the account. Once the position is closed, it is a real loss. Yang Chen has consumed so much money again, he will definitely not be able to bear the fact that we will be shorting ten dragon concept stock companies at the same time. Hold on, and victory is at hand. Continue to replenish the cash, and you must wait until the decisive battle comes. ”
The secretary nodded, and hurriedly followed Firtas's orders.
Feltas was angry that Goldman Sachs had made it more difficult for them, so he couldn't help but call Goldman Sachs President John.
Filtas: "Mr. John, what the hell are you doing?" Look at the good things you have done, the collective rise of dragon stocks is all due to you. We're already having a hard time, and you're going to make it harder for us. ”
John is also in a bad mood, Goldman Sachs not only lost money in this wave, but also lost face all over the world.
The dignified Wall Street giants were defeated by Aunt Longguo, and their faces were lost.
He was already depressed, but Fertas actually called to reprimand him, which made him unbearable.
"Fack! Do you think I want to do that? We opened a short order of 400 tons of gold in Tamardi, and now it has been liquidated. I don't even know whether to continue to cover the position or close the position and admit defeat, I don't know who to scold yet, you actually called to condemn me? John said angrily.
Fertas: "But you didn't investigate and consider all the issues before you went short, and now you deserve it." But we have been wronged! ”
John: "You fart!" Fack! You deserve it, I wish you to be harvested by Yang Chen and go out of business! Fack! ”
With that, John hung up.
Haha, the presidents of the two major Wall Street investment banks actually lost and scolded each other, if this is known by the people of the world, it will definitely be able to contract all their laughter in the new year.
Seeing that the price of gold futures is about to break through 1900 meters of gold / ounce, the gold orders of Xingchen Investment have arrived as scheduled.
I saw that there was a large order of foodies in the gold futures trading market, and the price of 1900 meters of gold / ounce easily broke through, and the long orders continued, and it took only five minutes to raise the gold price to 1990 meters of gold / ounce.
At this time, the number of long orders decreased, the price of gold began to fluctuate up and down, and the long and short game on the market was very intense.
If the price of gold is raised entirely by real money, Yang Chen's cost will be very high, and the risk is very high, and it is very likely to be counterpressed by the air force.
Therefore, when the price arrives here, it is time to stop smashing money, and another method is needed to raise the price.
Seeing that the gold price is about to break through the sky-high price of 2,000 meters of gold per ounce, the US government began to sell goods.
As we all know, countries around the world have a lot of gold stored in the country.
The gold will not be shown to others, nor will it be traded, let alone allowed to be shipped back to other countries.
There is a certain amount of room for operation, and everyone who understands it understands.
It's hard to say whether the basement where the gold is stored is the gold handed over by various countries.
Now that the price of gold is so high, it is completely caused by Yang Chen's hard speculation, and he must not be able to stabilize the high price, and he will definitely fall back soon.
So some people are clever, why not take advantage of the current high price to sell some of it, and wait for the price to fall and then buy it back, so that God will unknowingly make a wave of price difference in vain while ensuring that the reserve fund is "unchanged"?
As a result, a large amount of gold suddenly flowed out of the gold spot market in the United States, and under the impact of these spot gold, the price of the gold spot market began to fall, which in turn led to the decline of the futures market price.
Dragon Country.
Today is the thirtieth year of the Chinese New Year's Eve, and the vast majority of the Dragon Kingdom people have returned home to reunite.
Yang Chen was preparing lunch with his aunt and cousin.
Auntie's phone has never stopped, a call comes in after a while, a video comes in a while, she has to cook again, but she is too busy.
Li Xiaofei: "Mom, can you concentrate on cooking?" I'm afraid you'll treat salt as sugar and vinegar as soy sauce. ”
Chen Yuyan sneered and said, "Don't worry, I promise that the poison won't kill you." ”
Li Xiaofei: "Little Swallow, don't go too far." If I die, who will give you a pension? ”
Chen Yuyan: "I still expect you to give me a pension?" I don't know where you're going to marry in the future! If you come back to see me once a year, I'll be satisfied. When you have children and have to take care of your work and family, you may not come back once a year, and I still expect you to provide for me in my old age? Don't put gold on your face. Raising a daughter is like this, marrying far away is equivalent to raising for nothing. Alas......"
Li Xiaofei: "Don't worry, even if I am a bachelor for the rest of my life, I will never marry far away, and I will serve you by your side." ”
Chen Yuyan: "Haha...... Nonsense, I'm still waiting to hold my grandson, how can you do it if you don't get married? From the moment you were born, I was prepared for the worst. As long as you are happy, even if you can't come back to see me in the future, I will admit it. ”
Li Xiaofei stepped forward to hug her mother and said coquettishly: "Little swallow, don't worry, I will definitely marry soon." ”
Chen Yuyan just wanted to speak, but her phone rang again.
Chen Yuyan: "Who is it?" Surely they are asking me again how the price of gold goes. No matter, don't pick it up. Tatsuko, can you still buy gold now? I think there is already a downward trend. ”
Li Xiaofei came to Yang Chen, who was killing fish, and said: "Brother, I read on the Internet that a lot of gold was suddenly thrown out in the United States, and those people kept pushing down the price in order to sell the gold, and the spot and futures markets both fell. You said before that the price would rise to more than 2,000 meters of gold, is this still the view? ”
Yang Chen: "Of course. My view remains unchanged and remains the same. I calculated that the United States side would sell goods to suppress the price, and they were just going according to my idea. Let them throw out more, and the price will rise later, so that they have no money to buy it back. This time, I will not only harvest Goldman Sachs, but also harvest the Button Gold Reserve Center. ”
Li Xiaofei: "Brother, cow!" That's why you dare to do this, and other people don't dare to play like this, and they can't play like this. ”
Chen Yuyan: "Chenzi, you said that foreigners don't have the spirit of contract, and the policy changes every day, as long as it is not good for them, they will break the contract at will." You harvest them, what if they break the contract or freeze your funds? Isn't that a lot of hard work, making wedding dresses for others? Especially when you just said that they threw away too much, and they didn't have the money to buy it back in the future, didn't this force them not to talk about martial arts? ”
Well?
My aunt watched the news every day and learned a lot of knowledge.
However, even a problem that a small person like Aunt Xiao can think of, can Yang Chen still think of it?
Yang Chen had already figured out a way to get out before using a large amount of foreign exchange, and it was impossible for them to calculate.
"Haha...... Lend them 10,000 guts, and they won't dare to freeze my account. Before I decided to play with them, I had already figured out how to leave. Yang Chen said confidently.
The computer is broken, I wrote it on my phone today, there may be a lot of typos, everyone bear with me, and when the new computer arrives, I'll change it. Also, who knows what happens when an Apple computer suddenly won't turn on or charge? Take it to the computer repair shop next to it, they can't fix it either, it's really irritable. The 17-year-old MacBook Air is too long to be scrapped.