"This should be Shen Dong's last resort. No matter what, we can't give him a chance to turn the tables. Three days, I only need three days."
"clear."
After hanging up the phone, William picked up the coffee and took a sip.
If his assistant saw what was happening, he would be very surprised.
Because William, who was always wise, was shaking his hands as he held the coffee.
At two o'clock in the morning, William's phone rang.
"George, what's the matter?"
"William, we are in big trouble. Ten minutes ago, the Federal Reserve announced a 50 basis point interest rate hike. In the next year, they will continue to raise interest rates to varying degrees based on the economic conditions in the Lighthouse Country until inflation ends."
When William heard this, he was completely stunned, and then he flew into a rage and said, “Didn’t you say that the European and American governments will not introduce any policies that are unfavorable to the gold price in the near future?”
George smiled bitterly and said, "The Federal Reserve did a great job keeping it secret this time. I'm afraid even the president doesn't know about it."
William cursed directly, "Asshole! Asshole!"
George said, "What should we do now?"
"How should I know what to do?" cried William.
The price of gold in their hands was US$952, and they used a financial leverage of twenty times.
As long as the gold price drops to $880, they will be liquidated.
If they could know about the Fed's interest rate hike in advance, they could take advantage of the time difference and sell all of their nearly 200 billion US dollars of orders at a low price, and perhaps make a lot of money.
But now the Federal Reserve has screwed them over. Everyone in the world knows that they are going to raise interest rates and the price of gold is going to fall. At this critical juncture, everyone will only short and not go long.
Lost!
I have completely lost this time!
William sat down on the sofa, looking like a bereaved person.
Chapter 382 William's Account Explosion
On the contrary, Shen Dong was very happy.
It holds short orders worth up to 938 billion US dollars, with an average price of US dollars.
As long as the gold price drops to 450 US dollars, Shen Dong can make a huge profit of 20 billion US dollars, which is more than what he made last time.
The one who made more money was Ronald, who cut in the deal.
Twenty-five billion US dollars of short orders, at a price of 985 US dollars, this is simply terrifying.
However, this is also his ability.
Without enough courage and determination, ordinary people would not dare to go against super tycoons like William.
The next day, Shen Dong and his team once again came to VIP Room No. 1 of the New York Gold Futures Market.
Song Zihao said excitedly: "Brother Dong, did you know that the Federal Reserve was going to raise interest rates a long time ago?"
The traders all looked at Shen Dong.
After learning that the Federal Reserve was raising interest rates, these guys were so excited that they couldn't sleep all night.
Most people have red eyes.
Shen Dong replied: "I can predict that the Fed will definitely raise interest rates, but I cannot predict when exactly it will happen."
Song Zihao asked: "Then why do you dare to play so big?"
Shen Dong smiled and said, "Why shouldn't I play? The interest rate hike is certain, and the gold price will not rise to $1,300. As long as we don't blow up our positions and wait patiently, we will definitely make money. I originally thought it would take two months, but now it seems that it will only take two weeks."
Song Zihao gave a thumbs up and said, "Brother Dong, you are really awesome."
The others were also convinced.
Shen Dong patted Song Zihao on the shoulder and said with a smile: "This is a business that is sure to make money. Many people can see it, but not many people have the courage to do it."
When gold futures opened, there was no suspense and the gold price directly turned into a waterfall.
In less than an hour, it had fallen to nine hundred and twenty dollars.
William set the price at nine hundred US dollars, but only sold one hundred and twenty lots, which almost made him collapse.
George said anxiously, "It's almost the point of liquidation. William, what should we do?"
William smiled bitterly and said, "There is no other way. There is no one in the market who can take over."
Nine hundred U.S. dollars is the highest price of gold in decades, and no one would be stupid enough to take it at this price.
It's not just William, the same is true for those institutions and retail investors who bought on the rise.
Some institutions even offered $800, but still no one was interested.
That's the case with the gold market.
When the price is rising, no one will buy the dip.
When the market is going down, no one will buy on the rise.
Once you buy in the opposite direction, you will either make a fortune or lose everything. This is the cruelty of finance.
Ten minutes later, the price of gold fell to 880 US dollars, and William's position was liquidated, with a loss of billion US dollars, which became his biggest Waterloo since he entered the industry.
There was cheering in Ronald's VIP room.
In less than twenty-four hours, based on the current gold price, they have made nearly three billion US dollars.
Is this futures trading?
No, this is pure bank robbery.
Even if you rob a bank, it is impossible to steal 3 billion US dollars in such a short time.
Ronald took a puff of his cigar, but Shen Dong's figure appeared in his mind.
He had a feeling that he would come face to face with this young man sooner or later.
"Mr. Ronald, when do we sell these orders?" asked a trader.
Ronald came back to his senses and said, "Don't worry. Wait until the gold price stabilizes and falls to the right level, then we will slowly sell it to maximize profits."
The trader said: "That will probably take at least a month."
Ronald shook his head and said, "No need. After the gold price reaches $700, most of the long positions will be liquidated, and the gold price will fall even faster. I estimate that in two weeks at most, the gold price will fall below $500. Haha, just wait and see."
VIP Room No.1
Song Zihao was also asking the same question.
Shen Dong said: "Wait until the price drops below 500 US dollars, and then we will place orders to sell in batches. I estimate that this time will not be too long, at most two weeks."
Song Zihao said: "If the price is 470 US dollars, we can make billion US dollars. You can be called the richest man in the world."
Shen Dong said disdainfully: "It's useless to be the richest man in the world. Look at those big families, who is on the wealth list? I tell you, even if we make 20 billion US dollars, we can't rank in this world. The biggest problem is the lack of foundation. However, I am confident that in ten years, we will not be afraid of anyone."
Song Zihao echoed: "I believe it too."
After the market was suspended in the morning, Shen Dong met William again.
Although William had lost everything, he still maintained his composure and there was no trace of dejection on his face.
William looked at Shen Dong with burning eyes and said, "You are the one who is tempting me to snipe you step by step, right?"
Shen Dong shook his head and said, "I have never considered you as an opponent. If you hadn't come to me yesterday, I wouldn't have known that it would be you, a legendary figure, who wanted to snipe me."
William let out a long sigh and said, "There are two big winners in this incident, one is you and the other is Ronald. I have already invited him to have a western meal. I wonder if you are interested? I really want to talk to you."
Shen Dong smiled and said, "It's my honor."
As the two walked and talked, it was hard to believe that they had just ended a fierce financial battle.
Seeing William and Shen Dong come in, Ronald stood up and greeted them with a smile.
"Mr. William, nice to meet you. Mr. Shen, we meet again."
William and Shen Dong both said a few polite words.
After the three of them sat down, they each ordered a Western meal.
Shen Dong said: "Mr. Ronald, I know you have been observing the battle between me and Mr. William. I really want to know why you chose to join this financial war yesterday?"
Ronald said: "The price of one thousand dollars per ounce is too high, which is completely contrary to the law of global economic development. I chose to enter the market at 985 dollars because I firmly believe that it will not reach one thousand dollars. Even if it exceeds, it will definitely not be sustainable."
Shen Dong nodded and said, "We really think alike."
Ronald asked: "Mr. Chu, I also have a question for you, did you write that article?"
Shen Dong said: "Yes."
Ronald said with admiration: "This is amazing. This is the best article I have ever read, almost the best one."
William asked, "Mr. Shen, have you already determined that the Federal Reserve will raise interest rates?"
Shen Dong hummed and said, "I wrote it very clearly in the article. If the Fed doesn't raise interest rates, the economy of the Lighthouse Country will collapse. They have no choice. I originally thought that even if they raise interest rates, it would be in a month. But the gold futures war between us caused the gold price to soar, so the Fed had to hold an emergency meeting and decided to raise interest rates by 50 basis points."
Chapter 383 Meeting the Future Richest Man
William said in a deep voice: "Aren't you afraid of liquidation?"
Shen Dong smiled and said, "Don't be afraid. Unless you can raise the gold price to more than $1,350 per ounce, it will be possible for me to go bankrupt. But if that happens, I will sell everything I have and follow you to the end. The reason is very simple. Just like Mr. Ronald said, the price of gold deviates from the law of economic development and will fall sooner or later. I just need to wait patiently."
William sighed and said, "Greed kills. Actually, I already felt something was wrong before I sniped you, but I was a little careless and didn't know you had so much money. Yesterday, I had countless opportunities to sell out the long orders, but I never did it for the sake of my breath. Now think about it, I was really stupid."
Ronald consoled him: "Stock market futures are changing rapidly, and we can't remain undefeated forever."
William said, "Thank you. I am not someone who cannot afford to lose. Haha, I was planning to retire, but now it seems a little early. Mr. Shen, how low do you think the price of gold will fall?"
Shen Dong said without hesitation: "In the next ten years, if there is no major change, the price of gold should remain between 300 and 500 US dollars. After that, I dare not predict."
William continued to ask: "What industry do you think is most likely to succeed in the future?"
Shen Dong said: "Technology, Internet, communications, artificial intelligence, medicine, consumption, education, etc. It is not difficult to determine which industry is profitable. The difficult part is how to select representatives of this industry from tens of thousands of companies for investment."
Ronald slammed the table and said, "Well said. I think the next biggest investment trend is likely to be the Internet."
William nodded and said, "I think so too."
The three had a lively discussion on the global economic situation and the future development of various industries.
Ronald and William are truly the best investors in the world.
At least 90 percent of their insights and opinions are correct.
Putting aside their personalities and judging solely by their abilities, the two are definitely the best in economics.
Similarly, Ronald and William were greatly shocked by Shen Dong's insights.
The biggest difference between the three is in Xia Country.
Shen Dong believes that in the next 20 years, Xiaguo will become the world's largest consumer market and a driving force for economic growth.
Ronald and William, however, thought that Shen Dong was too optimistic. Xia Country had a large population, a weak foundation, and backward technology, so it was impossible for it to succeed.
The three of them spent two hours on the meal, and finally finished it with a feeling of unfulfilled desire.
In the afternoon, Shen Dong did not go to the New York Gold Market Exchange, but started to work on the stock market.
Using 100 million US dollars and a six-fold leverage, Shen Dong bought almost all of Cole Network's outstanding shares, reaching a 22% stake.
Originally, Shen Dong prepared 300 million US dollars and wanted to buy more, but there were too few shares in circulation, and the market value of Cole Network Company was not high, so Shen Dong could only buy these.
Even so, the already restless Cole Network stock price rose by 30 percent due to the stimulus of $600 million.
Michael, the president of Cole Networks, was shocked and immediately contacted Shen Dong.
He originally planned to release his company's new product to the outside world three days later, and was trying to persuade the board of directors to purchase the company's stocks on the market. However, he didn't expect that before he even started, Shen Dong had already bought them all, which ruined his plan before it even began.
"Mr. Michael, I know what you are worried about. I can assure you that when the stock price of Cole Group reaches a certain level, I will sell all the stocks in my hands to you." Shen Dong said with a smile on the phone.
Michael asked, "What do you mean by a certain degree?"
Shen Dong thought for a moment and said, "As long as the stock price rises to 300%, I will sell them immediately."
Michael was happy and said, "Mr. Shen, do you think it's possible?"
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