I just want to enjoy life

Chapter 625 632 Emergency Avoidance Incident!
At this moment, at the Jiangdao branch of Gaosheng Bank, Li Zetai watched the spot gold rush to the 1210.0 position!
Continue to set new highs!
He found that he had no chance to enter the market!
Very angry inside!
After thinking about it, he felt that he could blow up the short sellers in the market!
So he started buying at the 1210.0 position!

Buy 1 lots at a time!

Under his buying, spot gold started a new round of rise!

The short-term shorts in the market have stopped their losses and left the market, further triggering the rise of spot gold!

After 20 minutes, spot gold rose by 80 points, from 1210.0 to 1218.0!

Li Zetai also bought 50 lots, with an average opening position of 1214.0, and a fluctuation of one point is a profit and loss of 500 million US dollars. Currently, there is a floating profit of 40 points, with a total floating profit of 2 million US dollars!
"Phew, the short sellers in the market are completely defeated today, and they have no power to fight back!"

Looking at the time, it was already late, Li Zetai left the trading room immediately.

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At this moment, Huang Chengkang of Greenwood Asset Management Company looked at the trend chart of spot gold with fear on his face!

The clothes on the back are soaked!

Spot gold is crazy tonight!

I thought that the spot gold would be suppressed when it reached the 1210.0 position, but I didn't expect the spot gold to rise further!
The bulls are in full swing tonight!

The bears are crushed!

The spot gold has risen to 1218.0, and they hold a short position of 100 million lots of spot gold in their accounts, with a floating loss of 140 points, and a total floating loss of 14 billion US dollars!

There is still 11 billion US dollars of usable funds left in the account. If the spot gold rises by another 110 points, their account will be liquidated!
Huang Chengkang was full of remorse and extreme anger in his heart!
A trader said in panic, "President, what should we do now?"

Spot gold is really scary tonight, it turned around and skyrocketed so much!
Other traders also looked at Huang Chengkang.

Now their account has serious floating losses!

Is it going to liquidate?
Huang Chengkang was tangled, contradicted for a while, and said ruthlessly: "There is resistance near the 1220.0 position, let's see if the spot gold breaks through the 1220.0 position!"

Now he can only hope that the 1220.0 position has a strong resistance to make the spot gold fall!

This is also his only hope. If the spot gold breaks through the 1220.0 position again, the result will be unimaginable!
Are they going to blow up their positions this time?

No, no, no!
Huang Chengkang found countless reasons for himself!
Time flies, and the spot gold did not rush above the 1220.0 position, but was only moving in the range of 1215.0 points from 1218.0 to 30!

This made Huang Chengkang also ignite a lot of hope!
However, at the close, the spot gold rushed to the 1218.0 position, which made Huang Chengkang feel desperate again!
This night, he didn't sleep at all. It was past 4 o'clock in the morning, so he had to lean on the boss's chair with his eyes closed and rest, waiting for the Asian market to open!
Time passed slowly, and on the next day, June 6, Thursday, after the opening of the Asian market, spot gold began to slowly fall!
Four hours later, spot gold fell 4 points, from 40 to 1218.0!

Huang Chengkang looked at this scene, and the big stone in his heart dropped a lot!
Now there is still a floating loss of 100 pips in their account, a total floating loss of 10 billion US dollars!

Spot gold has also become weak, which made him see a lot of hope in his heart!

"Keep an eye on the board, what's the matter, wake me up!" After speaking, Huang Chengkang closed his eyes, leaned back on the boss chair, and began to sleep.

···
At this moment, at the Jiangdao branch of Gaosheng Bank, Li Zetai saw that the spot gold fell back to 1214.0, and the profit in the account was gone. Started to build positions slowly, buying 1000 lots at a time!
Two hours later, he bought a total of 50 lots!

As a result, spot gold slowly rose by 40 points!

From the 1214.0 position to the 1218.0 position!

Now he already holds a long position of 100 million lots of spot gold in his account, with an average opening position of 1216.0, and a fluctuation of one point is a profit and loss of 1000 million US dollars. Now there is a floating profit of 20 points, a total floating profit of 2 million US dollars!
Looking at the time, it was already meal time, so he got up and went to the restaurant for lunch.

At this moment, Lin Haocang got up slowly on Holland Road in Repulse Bay. After lunch, he arrived at the Sky Capital Center by helicopter!

Open the spot gold trend chart and look at it, and I am very happy!
At present, spot gold is at 1218.0 and may break above 1220.0 at any time. Currently, he holds a long position of 80 lots of spot gold in his account. The profit was found to be 1200.0 points, and the total floating profit was 800 billion US dollars!
14.4 billion US dollars, according to the exchange rate, it is more than 100 billion!
Lin Haocang poured himself a cup of top-quality Longjing tea and drank it slowly.

Time flies, and slowly the European market opens!
At this time, the volatility of spot gold became more and more intense!

Suddenly, a heavy breaking news came from the market!

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As the crisis in Greece calms down a bit, there is another storm in Hungary!

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Hungary may have a Greek debt crisis.The already battered euro will be hit again

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At this moment, financial risk aversion is extremely high!
·
EUR/USD once again hit a more than four-year low, falling below the 1.2000 mark.

Gold will hit $1700 an ounce next year, partly due to strong demand from Asian central banks, said Michael Lewis, head of commodity market research at Deutsche Bank, citing the continued accumulation of ETFs as one of the main drivers of gold prices.

Deutsche Bank said in a report: "For Western countries, deflation is the bigger threat in the short term, while inflation is a possible risk in the longer term."

"In a deflationary economic environment, gold will fall less than other assets," said Frank McGhee, director of Integrated Brokerage Services. He also sees gold as a "savior" when all currencies fall.

Pradeep Unni, a senior analyst and trader at Richcomm Global Services in Dubai, said that given the market's concerns about the debt crisis in the euro zone still exist!
James Turk, founder of GoldMoney.com, said, "In Europe, anyone who knows why the euro is depreciating will look for gold's safe-haven function, so the demand for physical gold from Europe is particularly strong."

···
Hungarian Spokesperson: It is not alarmist to say that it will inevitably fall into a Greek-style debt crisis. Hungary is facing a sovereign debt crisis similar to Greece and will need to take some crisis management measures, which may include not accepting the International Monetary Fund (IMF) aid. "

·
The financial market is full of panic news, triggering risk aversion!

Lin Haocang became excited all over!

This is absolutely bullish spot gold!

(End of this chapter)