According to the trading rules of the New York gold futures market, one lot is 100 ounces.
Shen Dong has 865.5 billion US dollars. After selling the contract at the price of 24.26 US dollars, he can get about lots.
The current price of gold is US$266.3, and every time Shen Dong sells one lot, he loses US$.
If all were sold, the loss would be US$1940 million.
Shen Dong has a margin of 2.1 billion US dollars. If those capital tycoons want to make it go bankrupt, they must raise the gold price to more than 950 US dollars, which requires at least more than 100 billion US dollars.
Even if they are awesome enough to do it, Shen Dong can still increase the deposit to 5 billion US dollars.
If these capital tycoons continue to suppress the market, the gold price will have to be raised to $1,100, which is almost impossible.
If they are not careful, they will be trapped by Shen Dong.
After the gold price plummeted, no one bought their gold futures, and they will eventually die without a burial place, and a margin call is not impossible.
Seeing that he couldn't persuade Shen Dong, Song Zihao knew that Shen Dong had already considered everything, so he didn't say anything else.
Although the traders all had doubts, they did not dare to ask too many questions and followed Shen Dong's instructions to post the futures price of US$865.5.
Once this price came out, the entire market was in chaos.
"Am I seeing right? How can it be 865.5 US dollars?"
"Shit, buy it quickly, they must have made a mistake with the price."
"Will the price of gold fall? That's why some people want to run away at a price lower than the market price."
"Impossible. I have already asked the Chicago gold futures market, and the price of gold is as strong as ever."
"Hurry up and pick up the bargain."
.......
In just one hour, Shen Dong sold half of his gold futures contracts, and he lowered the price to US$863.2.
Song Zihao swallowed his saliva and said, "It's too scary."
Chief trader Huang Zhihao plucked up his courage and said, "Brother Dong, Brother Hao, based on our size, 860 billion US dollars can at least drive the gold price down to below 863.2 US dollars. But now it has dropped to US dollars, which shows that the public is still very confident in the price of gold."
Shen Dong smiled and said, "When others are greedy, I am afraid; when others are afraid, I am greedy. We don't need to care about what's going on outside, we just need to be the best we can be."
Huang Zhihao nodded and said, "Yes, Brother Dong."
In VIP Room No. 8 not far from Shen Dong, Ronald frowned when he saw the gold price plummet by three US dollars.
Being able to bring down the price of gold, which was at a strong stage, to $3 means that the other party has mobilized at least tens of billions of dollars.
Who is the one who has such a huge amount of funds?
The names of major financial groups appeared in Ronald's mind, but he denied them one by one.
In his previous life, Ronald was the most famous financial tycoon in the Lighthouse Country. He once manipulated tens of billions of dollars to attack the financial systems of many countries, and he won every time.
But now Ronald is just the boss of a venture capital company and is only a little famous on Wall Street, which is full of talented people.
His keen intuition and years of futures trading experience enabled him to conclude that the price of gold would not rise to one thousand US dollars.
Unlike Shen Dong, he believed that the price of gold would exceed nine hundred US dollars.
So, in recent times, Ronald has used 500 million US dollars to manipulate 5 billion in the gold futures market. So far, he has made a huge profit of more than 3 billion US dollars. He can almost be called the biggest winner in this gold rise.
Today, Shen Dong's action of spending tens of billions to short gold made Ronald feel a strong sense of danger.
He immediately called the government of the Lighthouse Country and his friends at the Futures Exchange respectively, and learned that there had been no changes in financial policies and that gold remained extremely strong.
But Ronald's intuition told him that he was now on the verge of the most dangerous situation.
If you don't escape now, you won't be able to escape.
Emotion and rationality were entangled in Ronald's mind, fighting fiercely.
In the end, emotion triumphed over reason.
Ronald asked his team to sell all of their gold futures and then short sell them.
An hour later, Ronald had an extra $3.7 billion in his account.
At the same time, the price of gold was also suppressed to US$860.4.
At this time, everyone was a little panicked.
I don’t know what happened in the futures market that caused the price of gold to plummet by six dollars within an hour.
......
London Gold Market VIP Room
William Nutt put down the phone, a hint of hesitation showing on his old face.
He just received news that two groups of people were dumping the market one after another, driving the gold price down to six US dollars.
As the most successful investor in the United States, William Nutter knows very well how much money is needed to drive the price of gold to this level.
What made William Nutt hesitate was not whether the price of gold would rise or fall, but whether to eat them.
"Hey, William, did you see that? Someone is shorting gold."
William's good friend and partner George called.
Chapter 378: First Meeting with Ronald
"Yes. George, have you found out the other party's background?"
"I only know it's from Merrill Lynch, and I don't know anything else."
"What are you going to do?"
"It's not me, it's us."
"What do you mean?"
"Everyone is ready to unite and eat this guy. If you can join us, our chances of winning will be better."
William was silent for a moment and asked, "How much money can you prepare?"
George knew that William's question meant that he was tempted, so he said, "12 billion US dollars, 20 times leverage."
William took a breath and said, “You guys are playing really big.”
George smiled and said, "The other party has at most 2 billion US dollars, with a 10x leverage. As long as we raise the gold price to more than 1,000 US dollars, it will be enough to make their position explode. At that time, we will short sell in the opposite direction and will definitely make a lot of money."
William asked, “Will there be any changes in policies that affect the price of gold?”
George said confidently: "Absolutely not. Among our partners, there are important government officials from the Lighthouse Country."
William said, "Then let's do it together. On Monday morning, I hope everyone can prepare the money and I will do the operation."
George laughed and said, "It must be you who does it."
After hanging up the phone, William frowned.
His years of trading career made him feel a sense of crisis.
But he thought about all the factors that might affect the price of gold and did not find any problems.
Am I getting older and therefore becoming less courageous?
William sneered and shook his head.
For the successful William, reason triumphed over feelings, while for Ronald, who had not yet made his fortune, feelings triumphed over reason. This battle of gold futures seemed to foreshadow something.
It has to be said that the momentum of gold's rise is indeed very strong.
Shen Dong and Ronald only managed to lower the price by six dollars, but it quickly went up in the afternoon and even broke through 670 dollars.
As the gold price broke through, Shen Dong immediately asked people to cancel the order and adjusted the price to always be US$0.5 lower than the gold price.
Before the futures market closed, Shen Dong sold all of his contracts worth 668.2 billion US dollars at a price of US dollars, which was much better than Shen Dong expected.
Song Zihao touched his nose and said with a wry smile: "Brother Dong, if we don't succeed this time, we will die."
Shen Dong smiled and said, "It's only 2 billion US dollars. It doesn't matter even if we lose it."
Song Zihao said: "I felt like someone attacked us in the final stage."
Shen Dong nodded and said, "That's right. I am deliberately luring them. Ah Hao, you immediately withdraw 3 billion US dollars from the stock market and ask Merrill Lynch for 10 times leverage to buy short contracts for gold futures. This time I want to rob these big Western capitalists."
Song Zihao said: "Okay."
After leaving the VIP room, Shen Dong, Song Zihao and others walked into the elevator.
Just as I was about to go down, the elevator door opened again.
A middle-aged man in his fifties with sharp eyes walked in, escorted by several bodyguards.
Shen Dong felt that this middle-aged man looked familiar. After thinking for a long time, he remembered that this was Ronald, the most powerful financial tycoon in his previous life.
Shen Dong both admires and hates Ronald.
What is admirable is that he was able to sweep the global economy on his own and bring down the financial systems of several countries. This is definitely not something that ordinary people can do.
What’s annoying is that he is not friendly to Xia Kingdom and even plans to plunder Hong Kong Island.
After the failure, Ronald often criticized Xia Guo, seemingly wanting to take revenge.
But he had not succeeded until Shen Dong traveled through time.
Ronald was a little surprised to see Shen Dong.
He had heard from his friends that Merrill Lynch had a big client from Hong Kong Island in VIP Room No. 1.
But he didn't expect that this big client would be so young.
Ronald said, "Excuse me. Young gentleman, if I'm guessing correctly, someone used more than 10 billion US dollars to short gold today. It should be your hand, right?"
Shen Dong asked with interest: "Why do you think it was me?"
Ronald smiled and said, "I basically know all the capital tycoons in the VIP room. They don't have such strength, let alone such courage."
This old man is so arrogant!
Shen Dong did not hide anything and said, "It was indeed me."
Ronald asked, "Everyone thinks the price of gold will break through $1,000. I don't understand why you think it will fall?"
Shen Dong explained: "We have an idiom in Xia country called "too much is as bad as too little". The rise in gold prices is a bit too sharp and cannot be sustained. So when everyone thinks that gold will rise, I think it will definitely fall. This is also the principle of extreme things in our Xia culture."
Ronald praised: "Xia country's culture is really broad and profound. Mr. Shen, many financial groups have entered the market, and it seems that they are targeting you."
Shen Dong smiled and said, "Come on then. A true warrior is not afraid of wind and rain."
Speaking of which, the elevator has just reached the first floor.
Shen Dong smiled and nodded to Ronald, then left with everyone.
Ronald looked at his back and said to his assistant, "Check his background for me. This young man is not simple."
The assistant said respectfully, "Yes."
At one o'clock in the morning, heavy rain hit New York and power outages occurred in many places.
Shen Dong, Li Jie, Tian Yangsheng and Feng Yuxiu came to the gate of Morris Manor wearing black hoods and raincoats.
After sensing that Morris was going to kill him, Shen Dong had already silently sentenced him to death.
The reason why the transaction was set three days later was just a delaying tactic.
Li Jie said softly: "Brother Dong, this rain comes at the perfect time. It can just hide our traces."
Shen Dong nodded and said, "It is indeed a good day for killing. Let's go and make a quick decision."
The four of them were extremely agile and they climbed over the high wall of the manor in just a few jumps.
Even in heavy rain, Morris' five or six bodyguards did not give up patrolling.
When they passed the area where Shen Dong and others were, the four of them attacked at the same time and took care of them cleanly and neatly.
Only Shen Dong left two alive.
"Say, where is Maurice's bedroom?"
Li Jie and Tian Yangsheng each asked a bodyguard.
One of the bodyguards opened his mouth and wanted to shout loudly, but Tian Yangsheng broke his neck.
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