Rebirth 1980: Marrying my sister’s best friend at the beginning

Chapter 591 The sky has changed!
New York. Gold futures trading market!

As the largest gold trading market in the United States, the trading volume here is staggering.

At its peak, 70 tons of gold were traded every day in this futures trading market alone.

Of course, this is just the number of gold futures contract transactions, not that there is so much gold being tossed around here every day.

Due to the participation of business elites and speculators from all over the world in gold trading, and the removal of the law prohibiting private holdings and buying and selling of gold by the government in 1974, the New York gold market has developed rapidly in these years and has become larger and larger. .

And this is why Li Yi chose to come to New York instead of going to Chicago or London!
Facts have proved that Li Yi's choice was correct.

Stimulated by his successive price cuts, a large number of gold futures contracts were quickly traded!

At 02:30 in the afternoon, with only half an hour left before the market closed, good news came. All 16.69 gold futures contracts in Li Yi's hands were sold, with a total of US$99.52 billion in funds withdrawn.

Calculated based on the funds withdrawn, the average price they sold was about US$596.

Today's New York gold market has also set a record for the highest trading volume since the market was established - US$122 billion.

Due to the influx of a large number of gold futures contracts into the market, the price of gold in the New York gold market has been greatly affected. The price has dropped from US$599 at the opening to US$593 per ounce.

Without taking into account the price increase caused by recycling, as long as Li Yi repurchases the contract for delivery now, he will make a profit of US$3 per ounce of gold, and 16.9 lots is a profit of nearly 5000 million.

But this does not include normal fees, such as transaction fees.

Although the handling fee for one lot of U.S. gold futures is only over 100 U.S. dollars, 16.9 lots is nearly 1700 million U.S. dollars.

So if we really calculate it, Li Yi's paper profit from this investment is US$3400 million.

Despite this, all team members, including Billy and George, are not very optimistic about Li Yi.

You must know that it is a futures contract worth nearly [-] billion US dollars. Even in the New York gold trading market, it is a terrifying amount of money.

Under normal circumstances, if so many futures contracts are thrown in, the price can be reduced by at least $10.

But now it has only dropped by $6, which shows that the current gold market is still strong.

As long as the market reacts tomorrow and digests these 16.9 futures contracts, the price will inevitably rebound.

By that time, the profits that were only on paper would not be able to withstand consumption.

As long as the international gold price reaches US$596 per ounce, Li Yi and others will suffer a small loss. After all, in addition to the normal gold price, they also have to pay transaction fees and other taxes to the exchange, plus the use of funds. Wait, this is just a small loss if it doesn’t make money.

If the price exceeds US$596 per ounce, Li Yi and others will lose US$1700 million for every US$[-] increase in price.

They have prepared a deposit of US$20 billion this time. Without considering capital injection, once the gold price reaches US$720, Li Yi will be liquidated.

Therefore, it is still difficult to say whether this investment will make a profit or a loss!
But compared to the worries of Billy and others, Li Yi was very calm.

After the transaction was completed, he did not rush back, but asked Billy, George and others to accompany him to visit the largest gold trading market in the United States.

The full name of the New York Gold Futures Trading Market is the New York Commodity Futures Trading Market, so the commodities traded here are not only gold, but also corn, soybeans and other commodities.

The main reason why people often use the gold futures trading market to refer to this trading market is that gold futures trading here is the most famous and frequent.

Since the market is about to close, investors are very active at this time.

When you come to the trading floor, you can see buyers and sellers shouting prices everywhere.The New York Mercantile Exchange itself does not participate in the trading of futures. It only provides a place and facilities and formulates some regulations to ensure that both parties to the transaction conduct transactions under the principles of openness and fairness.

Therefore, all gold traded in New York must be traded here through open outcry, and any buyer or seller has the opportunity to trade at the best price.

Li Yi was quite surprised by this primitive outcry trading method. He stood there and watched for more than half an hour, and did not stop until the market was closed.

When I came out of the trading market, it was almost four o'clock.

Although Li Yi wanted to travel around New York City, he gave up the idea in order to prevent team members from coming into contact with unnecessary people.

Then he took all the members of the team and went straight to the Green Brothers' manor.

It’s almost 05:30 when we return to the Brothers Grimm’s manor.

Because of the time difference, Li Yi was very sleepy now, but he was not in a hurry to rest. Instead, he asked Li Yunbao to contact Li Futiao immediately and tell him that he could take action.

Hong Kong Island. Li Family Manor!

Li Futiao got up before six o'clock in the morning.

The housekeeper, Uncle Fu, was shocked when he saw it. He thought something had happened and immediately came over to ask.

You must know that my husband's daily life is very regular. He usually gets up at 07:30 in the morning and goes to the company at nine o'clock.

Getting up so early has basically not happened in the past few years!
The reason why Li Futiao got up so early was because he was waiting for news from New York.

He knew that the New York gold trading market closed at three o'clock in the afternoon. In other words, whether Li Yi's plan was implemented smoothly or not, there would be results at three o'clock in the afternoon.

Once their side progresses smoothly, their plan to smash the market can be implemented.

Therefore, the time he agreed with Li Yi was after five o'clock in the afternoon. No matter what the situation was in New York, he would be given definite news.

Just as Li Futiao was deep in thought, his secretary hurried in, holding a piece of telegram in his hand.

"Sir, the young master is calling urgently!"

Li Futiao immediately stood up from the sofa, took the telegram from his secretary, and read it carefully.

After just two glances, he couldn't help laughing, and at the same time said happily: "Brother Li Yi is indeed an investment genius. He is amazing, he is really amazing!"

After reading the telegram, he immediately said to the secretary next to him: "Immediately call Chief Editor Liu of the South China Evening News and tell him that we can take action!"

"Yes!"

"Don't Hong Kong Finance want to interview me? Go and tell them that I have one hour after nine o'clock in the morning. Just ask their people to go directly to the company and wait for me!" Li Futiao said again.

"Okay, I'll call the TV station right away!" the secretary said respectfully.

"Call weekly newspapers, semi-monthly magazines and other periodicals and tell them that the things are ready for the market!"

"Yes"

Following Li Fuk Tiao's series of orders, the sky on Hong Kong Island suddenly changed.
(End of this chapter)