"When it comes to the international gold price, there is a trend of catching up with the top this month, and we should also adjust our strategy to turn short." Fang Hong turned to talk about this matter, and immediately instructed Tian Jiayi: "Inform me to start long-short conversion adjustment at the end of the month." ”

Tian Jiayi nodded.

Commodities such as gold are naturally an important intervention variety of Qunxing Capital, which has been long for more than a year.

However, after entering September, gold pre-cooled and began to enter a long-term downward trend of four or five years, close to halving, until the beginning of 2016, when the price of about $1,000 an ounce stopped.

For the next gold price trend bearish, there are many factors, with crude oil as the representative of commodities still not getting rid of the downward trend, which dragged down the rise of gold prices, Qunxing Capital has long been bearish on crude oil.

Judging from the economic data released by the world's three major economies, North America, Greater China and Europe, the signs of slowing economic growth caused by crude oil inventories are very obvious.

Similarly, employment problems plague North America, the world's largest economy.

A slowdown in global economic growth will inevitably lead to a weakening of demand for commodities, and the inherent commodity properties of gold and silver can adversely affect price movements.

In the case that the monetary policy is unsustainable after the end of the Fed's quantitative easing policy, compared with the inflation-plagued emerging economies, the inflation of the United States is not obvious, resulting in the continued flow of global funds to the European and American markets, and the demand momentum of gold prices mainly comes from emerging markets, so the decline in commodity prices and the flow of funds indicate that it is difficult for gold and silver to form a new round of upward trend.

Another factor is that the euro was able to pause its decline after the debt crisis was suspended, which in turn led to the easing of risk aversion in the market, and gold prices naturally fell.

Overall, the weakness of the North American economy, the outbreak of the European debt crisis, the international economic situation with high inflation, the potential crisis of geopolitical governance and the strong physical demand are conducive to the rise in gold prices. However, falling commodity prices, global capital flows, rising yields in US Treasuries and uncertainty about the monetary policy of major central banks will push gold prices lower.

The current price of gold has risen to more than $1,600 per ounce, and after a price increase of more than $200 this month, the price has been pushed up to $1,900 per ounce.

In most cases, the trend of international gold prices and the dollar index is a seesaw of each other, the dollar appreciates and gold falls, and the dollar depreciates and gold rises.

In other words, Qunxing Capital will also turn long in the dollar in the foreign exchange market.

……

"Father, I received news from Fang Hong today, he asked the important immediate family members of the Hua family who are abroad to return to China as soon as possible within a week." Hua Family Villa Mansion, Hua Yu was sitting with his father Hua Yongming at the moment, talking about this matter.

Hua Yu, who received the news, was not only surprised, but even a little shocked, he didn't dare to slack off on this matter, and before he came back to see his father, he had already contacted his wife who was really abroad and asked her to return to China with the child as soon as possible.

Hua Yongming was also shocked when he heard the news, and immediately asked, "Have you notified your eldest brother?" ”

Hearing this, Hua Yu replied: "Not yet, you still have to tell him about this." ”

Hua Yongming nodded and asked, "Fang Hong, what does he want to do?" ”

Hua Yu suddenly shook his head: "I don't know, he has given me such a notice at present, but there must be something big happening, maybe I will know soon." ”

Hearing this, Hua Yongming paused for a moment and said slowly: "Then do as he says, the development of Qunxing Capital to this scale is a height that you and I have not imagined, and it has only been a few years, and it has swelled to two trillion in assets, and it is still rising." ”

Speaking of this, Hua Yongming thought about it and said: "My Hua family owns 10% of the equity ratio of Qunxing Capital, counting your ratio of nearly 1 percentage point, a total of 11%, and a net worth of more than 200 billion, this cake is not easy to take." ”

Hua Yongming sighed and continued: "He Fang Hong is hiding behind, but our family is at the forefront to attract firepower. ”

This is very clear to both parties, and it can be regarded as a tacit exchange reached by the two parties, the Hua family is on the bright side to attract firepower and bear the risks, in return is to share 10% of the cake of Qunxing Capital.

There is no doubt that Hua Yongming does not doubt that betting on Fang Hong is a wrong choice, and now he has begun to taste the sweetness.

If nothing else, let's say that the current real estate industry is sluggish, but Huayang Group is not affected at all, but is expanding vigorously, as if it wants to surpass Wan Tador to become the largest real estate giant in China.

Because on the bright side, everyone believes that Qunxing Capital was born out of the Huayang system, and in just two or three years, it has expanded to today's scale, and has become the main business of Huajia, and the scale has long been several times larger than its real estate business.

The intangible value of this is unimaginable, and the typical one is that Huayang Group wants to finance a real estate project, and a lot of people in the market are squeezed to give money, because everyone firmly believes that Huayang Group cannot afford to repay the money, and look at the wealth of the Star Capital next door.

As for why Qunxing Capital is so rich, Huayang Group still needs to raise funds from the market, which is not surprising to people in the financial circle, and it is directly understood as leverage.

Or to put it another way, if you can use other people's money, try to use other people's money first, which is also what other investors are willing to see, only in this way can they make money and get a piece of the pie.

But at this moment, Hua Yongming immediately ordered: "After returning to China this time, don't go abroad in the future." ”

Hua Yu nodded suddenly, and after a while, he looked at Hua Yongming and asked, "Father, what ......about some of our overseas funds?"

It is worth mentioning that Hua Yu's family had already started before betting on Fang Hong, and there were some problems, otherwise it would be difficult for their family to get up, and the environment at that time was like this.

Although the "transformation" has been successful since then, even the loan sharks in the gray belt have now been cut clean.

But this is also a crux in Hua Yongming's heart, as early as five years ago, before he knew Fang Hong, Hua Yongming had already arranged some assets to go abroad, which was to prepare for the worst.

It can be regarded as a back-up operation of the old fox, after all, if you are not afraid of 10,000, you are afraid of what happens.

In fact, there are not many today, that is, hundreds of millions of dollars in assets are put in UBS, although the Huayang Group before meeting Fang Hong is also very strong, but it is only more than 30 billion yuan in assets, according to the exchange rate at the time, it is only 5 or 6 billion US dollars, and now Huayang Group only holds 10% of the equity of Qunxing Capital has an asset scale of more than 200 billion.

At this time, Hua Yongming said in a deep voice: "Don't worry about it and don't move, it's just a few hundred million dollars, just treat it as if it doesn't exist." Don't try to transfer assets in the future, I'm afraid Fang Hong's move has another intention. ”

Hua Yu couldn't help but look at his father, and Hua Yongming said slowly, "Stand in line." ”

……