Rebirth 2006, creating a super consortium

An Xin picked up the water cup on the table, took a sip of water to moisten his throat, then controlled the mouse to close the official Twitter website and switched the page to the London copper market page.

I saw that London copper, which had previously been trading sideways around $6400, has now fallen a lot. The real-time price has reached $6136.3, and has started trading sideways around $6150.

This shows that in the London copper futures market, some smart investors may have realized that something was wrong and started to close their positions and run away, or even joined the ranks of the short sellers, preparing to reap the rewards of other long sellers who were previously their comrades.

Join if you can't beat it!

This is a scene that happens every moment in the capital market.

Make money, don’t be shabby!

Thinking of this, An Xin immediately opened the London Copper's long and short position comparison indicator and looked at it carefully.

Sure enough, the long-short position ratio, which was as high as 1:3.5 before, has now dropped to around 1 to 3.3.

Wow, it seems there are still a lot of smart people in the market.

Even if they didn't guess accurately like An Xin which consortium was behind the plot.

But it is also possible that one realizes something is wrong due to one's keen trading sense or excellent analytical ability, so one quickly slips away.

Just when An Xin was still sighing that one should not underestimate the heroes of the world, the real-time price of London copper began to fluctuate violently.

I saw that the London copper K-line trend, which was just horizontal, had suddenly turned downward, forming a waterfall trend.

6136, 6081, 5931...

Obviously, Goldman Sachs has started to make moves!

Looking at the trend of the London Copper Waterfall in front of him, An Xin reacted immediately. He controlled the mouse to open the browser, directly entered the website address of Bloomberg News, and pressed the space bar.

[A new copper mine was discovered in BC, Canada, and the specific reserves are awaiting further exploration results]

This is the front-page headline of Bloomberg's official news website, published five minutes ago.

In addition, there were several pieces of copper-related information posted below the front page, all of which were published earlier than the headlines, but also within half an hour.

[Chile releases copper mine production report for the past two months, with production hitting a record high]

[Commodity giant Glencore released a copper research report, pointing out that the copper-related products traded through Glencore channels have increased significantly, and there are concerns that it will result in overcapacity]

[BHP Billiton Group announced that its copper production in June increased to 6 tons, and it is likely to increase its copper production plan in the next quarter]

Several copper mining giants released their June copper production capacity reports, which showed that…

Looking at the series of information on Bloomberg's official website that seemed to be about to form a special report, An Xin suddenly remembered a financial joke from her previous life:

What is scary in the capital market?

Information released suddenly.

What is more terrifying in the capital market?

A series of information is released at the same time.

What is the most terrifying thing in the capital market?

Someone deliberately integrated this information together and put it in front of you, allowing you to savor its meaning carefully.

That's like a silent mockery of you: idiot, you are not suitable for the capital market, quickly find out which building is taller nearby, the roof of that building will be more suitable for you.

An Xin smiled and shook her head, secretly sighing: "Good fellow, Goldman Sachs's method is too simple and crude. They are afraid that the copper price will not fall."

Is this information true?

At first glance, it's all true.

So what if the news about the discovery of a new copper mine in British Columbia, Canada is true?

For a copper mine, from discovering the ore source to proving the reserves, to applying for a mining license, then to building a mine, and finally to putting the output on the market, going through this process, it is impossible for even a milligram of output to enter the market within five years.

What's more, it's in Canada, and the procedures are more complicated and difficult. Let alone five years, it may even take ten years.

As for those other reports related to output sales, they are even more outrageous.

We are now living in the first decade of the 21st century, an era of crazy development of economies around the world, and the demand for copper has doubled every year.

In this context, are mining giants worried about overcapacity?

It's really funny. They are eager to increase their production of copper to meet the growing demand for copper around the world and make a fortune.

In fact, after this information is released, whether it is true or not, or whether it can stand up to scrutiny, is no longer important.

Now it mainly depends on whether the tone is high enough and whether it can influence investors in the market.

An Xin stared at the information and thought for a while, then stopped browsing the relevant information on Bloomberg News, and directly controlled the mouse to close the website and switch the screen back to the London copper market page.

5310, 5190, 5031, 4913...

Wow, the combined influence of financial consortiums like Goldman Sachs and industry giants is really incredible. Although their methods are a bit simple and crude, they work.

In just a short while, London copper fell by more than $1000 like a waterfall, and is still falling.

Sure enough, high-end business wars are often so plain and simple, and they go straight to people's hearts.

An Xin shook her head and continued to control the mouse, switching the London copper market screen to the Shanghai copper market interface.

42141, 42022, 41913, 41799…

It seems that Shanghai copper is not far behind, closely following the downward trend of the international market.

You should know that Anxin’s short order opening price is 50500, and now it has directly fallen below 42000. This price is even lower than the opening price of 42920 when the first order was made during the day!

The most terrifying thing is that the downward trend has already formed. To stop the downward trend, it depends on when Goldman Sachs completes the harvest.

If nothing unexpected happens, most of the investors around the world who have opened long positions in copper futures should have received calls from futures companies.

Either tell them that their position is about to be liquidated, and if they still want to play, they must replenish the margin quickly.

Or tell them that their positions have been liquidated and the futures company has forced them to close their positions.

These two situations are still good.

The most terrifying thing is that when the futures company forces a position to be closed, it is discovered that there is no follow-up order, so the position cannot be closed and the position is shorted, which will cause trouble.

When this happens, there are two possible outcomes.

First, investors will owe money to futures companies and be chased by futures companies. If they have money, they will pay it back, and if they don’t have money, they will go bankrupt.

Second, the futures companies no longer have the funds to carry on and will go bankrupt along with their investors.

This is the futures market!

You may be able to laugh and enjoy the ups and downs of life during the day, but you may go bankrupt at night.

After pondering for a while, he stopped thinking about it.

After all, it doesn’t matter how the bulls die, since he is still a bear.

I looked up at the current price of Shanghai copper again and found that it was about to fall below 41000.

An Xin smiled and continued to move the mouse down to the pending order page, where she immediately saw the current book profit amount:

5225000 yuan!

Book profit of more than 500 million!

You should know that the deposit for opening an order with peace of mind is only 1388750 yuan!

In just one night, it has more than tripled and is still increasing!

I took a closer look at the book profit, then looked at the time and found that it was already 2:16 in the morning, and there were still 14 minutes left until the closing time of the Shanghai Futures Exchange.

Anxin then used the mouse to close all the pages in the computer, selected shutdown, and closed the laptop screen.

Then he got up from the chair and walked to the sink on the balcony of the dormitory. He first turned on the faucet to wash his face, then picked up the toothbrush and toothpaste to brush his teeth.

After finishing all this, An Xin slowly returned to her bed, lay down and covered herself with the quilt. The energy that had been tense all day long finally began to relax.

Not long after, An Xin fell into a deep sleep...