American Ranch

Chapter 288 Cheers
Jimmy establishes a connection with the other party: "Who are you?"

"who are you?"

The two parties almost asked the same question and fell into a long-term sinking.

The other party's screen name is 'jihgl', which seems to be entered randomly...

First, the two parties tentatively believed in the other party's information, and neither of them would tell the other party's real information, but only confirmed that both parties were bullish forces...

In the end, the two parties agreed on '1125'.

Once this point is broken, the bulls will suffer heavy losses.

A morning passed without knowing it, and the price of gold has stayed at the price of 1131.50 for half an hour.

"Boss, New York gold has fallen below 1130." Jimmy said in a trembling voice with cold sweat breaking out on his forehead.

"Hold on... this Friday at the latest, it will definitely... definitely go up." Ellie bit her lip lightly.

There are 15 calls on the account.

The total value of the account is 2.67 million US dollars, and it can withstand a decline of up to 14 US dollars...

That is to say, when the price of gold reaches US$1117, the account will be liquidated.And if it falls below $1130, the account will not be able to hold the position overnight tonight.

Now it depends on who has a large amount of funds and time... As long as you wait for time, there will definitely be good news.

"Do you want to hold the position overnight tonight..." Jimmy asked a very serious question.

Today is Thursday.

Ellie's calculations, Friday...the price of gold is definitely up.Because it's the weekend, small households hold positions for the weekend, and rarely...

At that time, short positions will be closed, and with the current market volume, it will be difficult for the price of gold not to rise.

Ellie let out a long breath.

Computing, computing is not everything.The market is changing rapidly, coupled with human factors, and market makers...

Spot gold is by no means a fair market.

"Gold should be going up."

New York gold, also known as gold futures, fell to 1129.9 US dollars, but only lasted for more than ten seconds before rebounding and entering 1131 US dollars.

Now every minute and every second is suffering.

All morning, Chen Mo smoked a dozen cigarettes at the stairs.

afternoon……

Chen Mo left the studio and wandered around in the garden downstairs. For some reason, he thought of Cohen. He made a phone call and said with a light smile, "Hi, buddy."

"Oh, Mo... You haven't contacted me for a long time, are you planning to repay part of the loan?" Cohen said with a smile.

"I'm going to expand the valley ranch, and I want to ask you for a loan."

Cohen froze for a moment, before saying after a few seconds: "Aren't you rich?"

"I'm going to build the valley ranch into the largest ranch in the world, and I need a lot of money." Chen Mo tentatively said, "I'm using 5000 million shares of Huafeng Group, and you can see how much money you can loan me."

"Now……"

"Well. Of course, I'll be in San Francisco later..."

"Wait, I'll call you back later." Cohen immediately rushed to the risk assessment team...

Chen Mo thought for a while, and drove straight to San Francisco.

He didn't really want a loan.Instead, tentatively confirm some information...

"Hi, Mo. How much are you going to borrow?" Cohen personally came out to pick up Chen Mo, led Chen Mo into the VIP room, and said.

"7 million. Use Huafeng Group and Valley Ranch as collateral..."

"Part of your valley ranch has been mortgaged to the bank." Cohen shrugged with a smile and closed the door.

"How much can I borrow?" Chen Mo said with a relaxed expression.

"1 million. [-] percent interest."

"Such a high interest rate?"

"The dollar has raised interest rates again." Cohen shrugged and smiled.

"1 million... Are you sure you're not joking?" Chen Mo frowned.

As far as Chen Mo's collateral is concerned, at least 5 million can be borrowed, at least.

"If you invest in land... it's best... it's better not to. At least wait until next year..." Cohen looked at the door: "The headquarters has just issued a financial risk warning. All large loans must be reported to the headquarters for review. With my authority, I can give you a loan of up to 1 million yuan, and it must be secured by fixed assets. A new round of world economic crisis is coming."

"Okay. 1 million, I want it now."

Cohen thought for a while and called the lawyer over to draw up a contract...

After receiving the money, Chen Mo immediately returned to Napa, checking the price of gold on the way.

1 ounce of gold is already $1130.55.

At the opening of the market on Friday, the price of gold fell directly to $1129...

"The thread is broken." Everyone in the studio looked unhappy.

after an hour.

"1128."

Ellie's face was pale, and she asked, "Do you want to set a stop loss line?"

Everyone in the studio is like a gambler at the moment.

Bai Xiaoou shook his head: "We've reached this point, so we have to take a gamble anyway."

"Me too..." Bella said.

"Let's bet."

Ellie covered her face: "The price of gold will definitely rise within today, for sure. At three o'clock in the afternoon, if there is no big rebound... close the position."

All are sunk.

The liquidation position of the account was 1117 US dollars, and now it is 1128 US dollars, which is still very safe.

Chen Mo went to the roof to smoke, turned on his mobile phone, and transferred 1 million US dollars in the bank to the spot gold account...

1130 This position is lost.

The price quickly dropped to $1125...

Spot gold is a market maker system. To briefly describe this system, buyers and sellers do not need to wait for a counterparty to appear, as long as a market maker comes forward to assume the counterparty, the transaction can be concluded.Long orders or short orders are all issued by market makers. This market is huge, but it is not unlimited.The emergence of a big market, that is, many people have predicted the direction of the gold price, has almost become a bet between customers and market makers.

After 1125:1124 p.m., the price of gold fell below [-] and entered $[-]. …

"5 lots, buy... up."

To open a position is to newly buy or sell a certain number of standard contracts.

Buying up, that is, bullish on the future gold price trend, buying and holding a bullish contract.

Regardless of whether the contract is bullish or bearish, it is now snatched away as soon as the order is released. 5 lots were bought, and it was not until after three o'clock in the afternoon that more than 1000 lots were bought...

This is a big market, and the long orders released by market makers have decreased significantly.

The London gold market is huge, but in terms of credibility, many people should have heard of a "closed room pricing".

This is why Ellie holds double lines and uses hedging to enter low prices.Because it is difficult to wait for the big market to open a large position...

Gold started to go higher and directly broke through $1130.

The market will be closed for another two hours, and many retail investors have begun to close their short positions. The price almost rises one by one, or even faster...

A big rally before the break saw the price finally stall at $1137.56.

Cheers came from downstairs.

Sitting on the roof of the building, Chen Mo looked at the blue sky, and couldn't help but breathe a sigh of relief.

Today it is like riding a roller coaster, from the lowest point of 1124.12 to the highest point of 1137.56, with a rise and fall of $13.44 in the middle.

And the lowest point is only 7 dollars away from the liquidation position.

$7 seems like a lot, but in fact, there are quite a few cases where the amplitude of an hour exceeds $10.

In the past three months of their trading, there have been many times when the fluctuation exceeded 10 US dollars within an hour...

(End of this chapter)