I just want to enjoy life

Chapter 709 716's crazy plunge, gaining 49 billion US dollars

At this moment, Jiangdao Gaosheng Bank and Li Zetai had just had dinner, and when they came back to watch this scene, they felt a little angry in their hearts. Unexpectedly, the spot gold dropped another 50 points during his dinner!

At present, all the profits in his account have disappeared.

"hateful!"

"I want to see, can you still fall below 1250.0?"

Last Thursday and last Friday, spot gold rose sharply for two consecutive days, which can be described as an extremely strong trend chart.

It will definitely go back up tonight!
He is very much looking forward to the upcoming two important US economic data!
If the economic data is still bad at that time, spot gold will definitely return to above 1265.0!

Time flies, spot gold has been oscillating around the 1250.0 position, and at [-]:[-] p.m., the American session opens!
The volatility of spot gold is getting faster and faster, and the trading volume is also increasing!
Li Zetai was very nervous and looking forward to it!

Suddenly spot gold started to rise, and it rose by 3 points in just 30 minutes, from 1250.0 to 1253.0!

Now he holds a long position of 100 million lots of spot gold in his account, and currently has a floating profit of 30 points, with a total floating profit of 3 million US dollars!
Not long after the opening of the American market, spot gold finally started to rise.

"it is good!"

"Give labor and capital continue to rise!"

However, 15 minutes later, spot gold fell back by 30 points, from 1253.0 to 1250.0.

The profit in the account disappeared again, which made Li Zetai's face a little gloomy!
"Give labor and capital another rise!"

He clenched his hands involuntarily, his eyes fixed on the trend chart of spot gold.

Although spot gold was supported again at 1250.0, it did not rise!
Time passed every second, and the long and short sides exchanged fierce fire near the 1250.0 position.

Finally arrived at 08:30!

The United States announced an important economic data!

The monthly rate of personal expenditure in the United States in July

Previous value: 0.1%
Predicted value: 0.1%
Published value: 0.2%
Personal consumption expenditures measure changes in the total amount consumers spend on consumer goods and services.Since consumption is now the largest segment of U.S. GDP, personal spending is a key indicator of economic growth.It is also related to consumer confidence.If the indicator is higher than expected, the dollar should be considered strong, bullish, while if the indicator is lower than expected, the dollar should be considered weak, bearish.

This economic data is greatly bullish for the U.S. dollar, the U.S. dollar index rose sharply, and U.S. currency pairs strengthened across the board.

And it is bad for gold and silver!

Spot gold began to plummet!

It fell below the 1250.0 position in an instant.

The defense line formed by the bulls near the 1250.0 position has completely collapsed.

Spot gold fell 15 points in 120 minutes, from 1250.0 to 1238.0.

The 15-minute trend chart is a super big Yinxian!

Li Zetai stared at this scene dumbfounded, his head seemed to have been hit hard, and he lost his ability to react for a short time!
A few seconds later, his face changed drastically, a large amount of sweat appeared on his forehead, and cold sweat began to break out on his back!

The corner of his mouth muttered: "How is this possible?"

"What!"

"Cao!!"

Now he holds a long position of 100 million lots of spot gold in his account, and has a floating loss of 120 points, a total floating loss of 12 billion US dollars.

It just pissed him off.The lungs are very uncomfortable.

Now that spot gold is so weak, the market is full of selling orders, he can't close his position, and he doesn't want to admit defeat like this.

Continue to fight!
Anyway, I made $25 billion some time ago, so it's nothing to lose some money this time.

Li Zetai looked fiercely at the trend chart of spot gold.

···
At this moment, at the Sky Capital Center, Lin Haocang watched the spot gold plummet by 120 points, and gulped down his coffee happily.

Now he holds a short position of 100 million lots of spot gold in his account, and now has a floating profit of 220 points, a total floating profit of 22 billion US dollars!

The net value of the account broke through the 200 billion US dollar mark, and it has reached 202 billion US dollars!

"The bulls have completely collapsed tonight!"

"I don't know how much spot gold will drop tonight!"

Looking at the empty coffee cup, Lin Haocang got up and poured another cup of coffee!
·
At this moment, in the retail trading halls of Yingda Bank, Fenghui Bank, and Hengsheng Bank, the retail investors are full of pain and sorrow!
I never thought that spot gold would continue to plummet again, falling to 1238.0. This is a terrible thing.

Everyone's accounts are full of floating losses, and many people have liquidated their positions.

"Oh, what the hell, the spot gold has plummeted so much again, labor and management accounts are all liquidated"

"Oh, mine is the same. My account was liquidated just now. It's time to stop the loss."

"Well, the current account of labor and capital has a floating loss of 15 US dollars."

"My floating loss is $40"

"I shouldn't listen to slander"

"Yeah, I shouldn't have listened to what Lao Liu said before, saying that the economic data of the United States will be poor at night, causing spot gold to skyrocket. Now it's all right, the economic data of the United States is very good, and spot gold will plummet."

"Oh, it's all Lao Liu's fault."

"Hey, where did Lao Liu go?"

"It's probably a liquidation. I heard him say that he was long 200 lots of spot gold, and he only lost 20 US dollars."

At this moment, Lao Liu left the retail trading hall disheartened, his account was liquidated, and he lost 22 US dollars.

·
At this moment, at the Jiangdao branch of Morgan Bank, Liu Jianhui watched the spot gold plummet to 1238.0, and his face was very solemn!
He was long on spot gold two weeks ago. He currently holds a long position of 100 million lots of spot gold in his account. The average opening position is at 1230.0. A fluctuation of one point is a profit and loss of 1000 million US dollars. Currently, there is still a floating profit of 80. point, a total of 8 million U.S. dollars in floating profit.

He was very regretful, why didn't he close the position this morning!

You must know that the spot gold rushed to the 1265.0 position at that time, and there was a floating profit of 350 points in his account at that time, with a total floating profit of 35 billion U.S. dollars. He wanted to wait until the floating profit was 40 billion U.S. dollars before closing the position. Not long after the opening of the gold European market, it turned around and fell sharply, and then kept falling, falling, falling, and fell to the current position of 1238.0. The profit in his account was really a heavy loss.

"Oh, it's really bad to be too greedy."

"Close the position early, you can earn at least 30 billion US dollars."

"Now it's over, it's hard to earn $3 million"

Now that spot gold is very weak, it is not easy for him to close his position. Once he closes his position, spot gold will inevitably plummet further.

Time passed slowly, and at nine o'clock, spot gold rose by 20 points, from 1238.0 to 1240.0, and stood firm at 1240.0.

Currently, there is a floating profit of 100 points in the account, with a total floating profit of 10 billion US dollars, which makes Liu Jianhui feel much better.

Time passed slowly, and at 09:30, the United States announced another important economic data.

The monthly rate of the core PCE price index in the United States in July
Previous value: 0%
Published value: 0.1%
Predicted value: 0.2%
The core PCE price index is a key indicator for measuring U.S. private consumer inflation. It was first launched by the Bureau of Economic Analysis of the U.S. Department of Commerce and adopted by the Federal Open Market Committee (FOMC), the decision-making body of the Federal Reserve, as an important indicator for measuring inflation.Last year, the Federal Reserve set the core PCE annual rate increase of 2% as the long-term inflation target, and since then announced that the Fed also has a clear inflation target.If the core PCE annual rate increases by more than 2%, the Fed will tighten monetary policy, which is beneficial to the dollar.

This data is once again good for the dollar and bad for spot gold!
This caused the already fragile spot gold to fall again!
It fell 10 points in 50 minutes, from 1240.0 to 1235.0!

Spot gold has hit a new low again!

Seeing that there was still 50 pips floating in the account, a total of 5 million U.S. dollars, Liu Jianhui gritted his teeth.

"I can't take it anymore!"

Immediately, Liu Jianhui began to close his position!

Under his liquidation, spot gold started a new round of sharp drop!

After 20 minutes, the spot gold dropped by 100 points in total!

It fell from the 1235.0 position to the 1225.0 position!

This time, for the long position of 100 million lots of spot gold in his account, the average closing position was at 1231.0, making 10 pips, and a total of 1 million US dollars!
"Huh, [-] million dollars is fine, at least this time it will make money"

Last time on the USD/CAD, he was too greedy, causing his account to change from a floating profit of 35 billion US dollars to not earning a penny. This time he learned his lesson!

Seeing that spot gold was temporarily supported at 1225.0, he shook his head and left the office!

···
At the moment of the Sky Capital Center, Lin Haocang was extremely happy watching the spot gold plummeted by so many points again!

Unexpectedly, after the United States announced an economic data just now, spot gold has experienced a new round of sharp decline, and it has fallen to the position of 1225.0!
Obviously it was caused by the liquidation of the big positions in the market!
Now he holds a short position of 100 million lots of spot gold in his account, with a floating profit of 350 points, and a total floating profit of 35 billion US dollars.

The net value of the account is as high as 215 billion US dollars.

Lin Haocang drank the coffee in his hand again, and then went to pour a glass of boiled water.

·
At this moment, Jiangdao Gaosheng Bank and Li Zetai watched this scene in horror!
Just now spot gold plummeted by another 150 points!
Both fell to the 1225.0 position.

He holds a long position of 100 million lots of spot gold in his account, with an average opening position of 1250.0, and now has a floating loss of 250 points, with a total floating loss of 25 billion US dollars.

The last time he made $25 billion on USD/CAD, he didn't expect to stumble this time.

If you want to close the position, you may lose 30 billion US dollars.

Thinking of this, Li Zetai's heart was extremely angry, his eyes were a little red, his hands were tightly grasped, and his nails were about to sink into the flesh.

"Yeah, this damn spot gold"

"Labour is so stupid"

"Hey, why is the economic data of the United States so good tonight? Labor and management curse you for economic collapse."

"Yeah, labor and capital really hate it, really hate it"

He wanted to close the position, but he couldn't do it. If he closed the position now, it would be like cutting off a piece of flesh himself.

Time passed slowly, and spot gold has been oscillating around the 1225.0 position.

At 11 o'clock in the evening, the United States announced another economic data,
U.S. July Dallas Fed Business Activity Index
Previous value: 3.2
Predicted value: 3.2
Published value: 4
A reading above 0 indicates that the field is expanding, otherwise it indicates a recession.Sub-item data include: capacity utilization, new orders, raw material payment prices, shipments, finished product prices, employment index.Exports of manufactured goods from the region are mainly concentrated in energy production and electronics.Manufacturing exports from the region account for a large share of U.S. manufacturing exports.And the manufacturing industry is the leading industry of the U.S. economy, which can reflect the trend of the U.S. economy to some extent.

This economic data is once again good for the dollar and bad for spot gold!
This dealt another heavy blow to the spot gold that was already in trouble!
After 15 minutes, spot gold plummeted 80 points, from 1225.0 to 1217.0!

···
At the Sky Capital Center at this moment, Lin Haocang looked at this scene and showed a satisfied smile. Currently, he holds a long position of 100 million lots of spot gold in his account, with a floating profit of 430 points, and a total floating profit of 43 billion US dollars. The net value of the account It is as high as 223 billion US dollars.

"I'm afraid it will still fall"

"No rush to close positions"

So he drank the boiled water in the cup in one gulp.

·
At this moment, at the Jiangdao branch of Gaosheng Bank, Li Zetai looked at this scene with a face full of fear, and his whole body was frightened out of his wits.

Spot gold actually fell to the 1217.0 position!
"What, what, what"

He felt like he was going crazy.

My heart is bleeding.

There is already a floating loss of 330 points in the account, with a total floating loss of 33 billion US dollars.

"Labor and capital don't believe it, where else can you fall!"

After 5 minutes, spot gold fell another 20 points to 1215.0!

Li Zetai couldn't bear it anymore!
He closed his position like crazy!
Spot gold started a new round of sharp decline because of his liquidation.

After 20 minutes, spot gold fell to 1205.0!

The 100 million long orders in his account had an average closing position of 1210.0, a total loss of 400 points, and a loss of 40 billion US dollars.

Li Zetai stared blankly at the ceiling, motionless, his expression extremely numb!
·
Today, spot gold plummeted from the highest position of 1265.0 to the current position of 1205.0, a full plunge of 600 points!
Shocked the world!
"Spot gold plummeted 600 points!"

"Today is a multi-head massacre!"

"The U.S. economic data is super good, the U.S. dollar index has skyrocketed, spot gold and spot silver have experienced serious skyrocketing, and countless bulls have exploded their positions during this period."

"The economic data released by the United States tonight are all negative for gold and silver, causing spot gold to plummet all the way at night!"

"Spot gold fell as much as 4.7% today!"

"Spot gold trading volume hits a three-month high!"

"Bulls crashed today!"

····
At this moment in the Jiangdao Sky Capital Center, Lin Haocang watched the spot gold plummet to 1205.0, and immediately unambiguously closed all the short positions in the account!

Under Lin Haocang's liquidation, spot gold skyrocketed by 120 points, from 1205.0 to 1217.0!

For the 100 million short positions in Lin Haocang's account, the average liquidation position was 1211.0, and he gained 490 points, earning a total of 49 billion US dollars!
The net value of the account is as high as 229 billion US dollars!
(End of this chapter)