The Son of Finance of the Great Age

  Chapter 176 Crazy Lifting (5)

Andrew, who had slept till noon, woke up from his dream, and was so frightened that he broke out in a cold sweat. He vaguely remembered that he had said something similar to the phone. Knowing whether those traders really followed his orders.

When he thought of the treacherous Bo Yun in the copper futures market, he couldn't sit still, and he couldn't even care about the beautiful girl around him. He hurriedly put on a wrinkled shirt and called the trading department: " I'm Andrew, what's the situation now?"

"It rose by $45 all day, we made 30 points, and almost made back all the previous losses!" Although most of the transactions have ended at this time, there are still guards in the office rented by Tianyu Fund Computer disk, after hearing Andrew's inquiry, the trader who stayed behind said happily.

   "..." Andrew's head was blank, and it took a while to realize that he was going in the right direction. He couldn't help but sighed a long time, and said with lingering fear: "Not bad!"

  Deep in his heart, he might have a feeling of surviving after a catastrophe. It's just that he made up his mind that he must break away from this corrupt life, otherwise what greets him may be a catastrophe.

   "Mr. Zhong instructed us to carry out the operation, otherwise we would not dare to carry out such a high position operation." Before Andrew came back to his senses, the trader staying behind here couldn't wait to say.

  Andrew only sighed for a while. He originally thought that these traders had encountered luck. How could he have thought that Zhong Shi had seen through the plan of the main funds?

On the next trading day, the short sellers may have realized the intention of the bulls and severely suppressed copper futures without hesitation. As a result, the price of copper futures fell by $15 on this day, and on the next trading day, copper futures began to retaliate. It rose and finally broke through the $2,100 mark in one fell swoop.

On Thursday, May 12th, the bears continued to exert their strength. The trading volume of the whole day reached 80,000 lots, which was only 20,000 lots less than the previous day's transaction. at $2102.

  Shorts are unable to suppress, and bulls are ready to go. The outbreak of copper futures price seems inevitable.

"In the past two days, a long position has been continuously bought into long positions, and according to our inference, there is not much change of hands. It is obvious that we have seen our plan!" In the United States, Druckenmiller and traders We start the day with an after-hours discussion.

  Drukenmiller frowned, and said with some displeasure: "Our trading plan should not be leaked, and the position at the bottom is also very secretive. It should not have seen through our plan."

  The number of lots traded in the copper futures market is about 60,000 lots per day. Although the transactions are in the amount of a few lots or dozens of lots, it is not surprising that there are hundreds of lots or thousands of lots in the market. It is the intuition of traders to find something strange in this kind of trading contract. Although this intuition is mysterious and sometimes very accurate, who is Druckenmiller and how can he put the trader in the This so-called "disk sense", so when he heard this statement, he subconsciously rejected it.

"No! According to my information in London, the current long positions continue to rise. In the past two days, several brokers' accounts have added tens of thousands of long orders, and they are concentrated at the end of June and early July. It’s an obviously optimistic signal for the market outlook, and I think it’s either other main bulls, or speculators who are going to follow us.” The trader who spoke just now retorted confidently.

  In hedge funds, there is such a very good atmosphere, that is, no matter how high the position is, as long as you have different opinions, you can speak out without any scruples. Because what they want to invest in is the global market, and different investment varieties have different research methods. Even Druckenmiller dare not say that he can be proficient in all markets at the same time, because it is simply impossible.

  Drukenmiller pondered for a long time, but didn't say a word for a long time.

  The other traders were silent. They naturally knew what Druckenmiller was afraid of. For this promotion plan, they had already invested hundreds of millions of dollars when they built the bottom. Although the price of copper is rising now, this part has already made a lot of profits, but these funds will not be available for a while, otherwise there will be such a large-scale liquidation in the market, and the price will definitely be affected, because this part is just a floating profit.

   Once the funds dry up, they have no way to continue to increase the price of copper, although they have not sold much in the past two days. But the terrible situation is not this, but if the other bulls don't continue to pull up, they will lose all their previous efforts.

The worst thing is that if the current bulls backhand short, they may be locked in this market. After all, the price of each contract is only about 100 US dollars per ton more than the price when they opened the position. It fell completely within two trading days, and the losses they suffered would be terrifying.

It must be pulled up. This is an inevitable situation faced by Quantum Fund, not only because of the establishment of a large number of long positions, but also because Quantum Fund has suffered huge losses in the bond market and money market today. To achieve a huge victory.

   "I will apply for the amount, and I must make a profit in the copper market!" After thinking for a long time, Druckenmiller finally made up his mind. The other traders breathed a sigh of relief when they heard Druckenmiller say this. In their view, hundreds of millions of dollars of funds to raise copper futures for a long time is undoubtedly a bit small, but since Druckenmiller said so, it should be more than this amount of funds.

Inside the hedge fund, fund managers need to come up with investment strategies, and then hand them over to the risk control department to apply for a capital quota. Therefore, although Druckenmiller's status is far above other fund managers, the necessary procedures still need to be followed. , but his application is easier than others, and the amount is relatively large.

  …

  London, the office building of Sumitomo Corporation.

   "Hamanaka-san, the bears can't wait any longer. They have launched a crazy counterattack in the last three trading days, but the copper price hasn't dropped much!" Oshima Kenjiro said respectfully to Hamamaka Yasuo.

Hamanaka Yasuo looked at Kenjiro Oshima, who had a happy face, with no expression on his face. After waiting for a while, he said with some disinterest: "In this case, let them see how we manipulate the market." Bar!"

  The joy on Oshima Kenjiro's face grew stronger. He naturally understood what Hamanaka Yasuo meant. After a ninety-degree bow, he quietly left the office.

   "Lonely and invincible!" Binzhong Tainan showed an indescribable look on his face. Only he is qualified to say this. Yes, in this market, he is almost invincible.

  …

On May 13th, Friday, the copper price opened from 2109 US dollars, but fell slightly below 2100 US dollars at the beginning of the trading, and then went up all the way, reaching the highest point of 2180 US dollars, and finally received a lot of follow-up at the close. The position was closed and finally closed at $2170.

On May 16th, Monday, from the opening of the market, the long and short sides began to wrestle. In the end, the price of copper futures on this day stayed at 2179 US dollars. Thousands of hands, which shows the intensity of the battle.

On Tuesday, May 17th, on the trading day before the execution of the May option on the second day, the bulls’ pull-up reached a terrifying level, because the closing price on this day will directly determine the opening cost of short positions tomorrow, and the bulls A huge buy order was set at the bottom price from the opening, and even so, it was still suppressed by a short price. But then the bulls started to attack, and finally raised the price to 2220 US dollars at noon. Stay at $2225.

   "The fight was really fierce!" Zhong Shi sighed sincerely when he saw the candlestick chart. After seeing through the strategy of the bulls, he took advantage of the main force of the bulls to test the market reaction, and quickly established a position of 30,000 lots in the market. These positions cost him close to 200 million U.S. dollars. Another $300 million is in reserve.

   It can be said that in the process of soaring copper futures prices, Zhong Shi has contributed a lot, and it is not an exaggeration to say that he is the most conspicuous main bull in the market. With the current price of copper rising to $2,200, he has made close to $100 million on these positions.

  Compared to such a small daily fluctuation in the oil market, and the position limit of speculative accounts, it is too easy to make money in the non-ferrous metal market, Zhong Shi couldn't help but sigh. It's just that he didn't realize that most of these floating profits were based on short losses.

The position of 30,000 lots is also a very obvious position in the entire market. What Zhong Shi is doing now is to try to close the contract of the near month and establish the contract of the far month, but the contract of the far month is due to the main contract The price of the warehouse has risen, and the cost of opening a warehouse has also increased rapidly. Zhong Shi knows that it is impossible to open a warehouse at a low price.

   Not knowing how far this wave of market will be pulled, Zhong Shi couldn't help sighing. It was only two days after the bulls pulled up that he vaguely understood what the plan of the people manipulating the market was. Although frantically opening positions from the market and adding previous positions, this has accumulated a position of 30,000 lots, and those main players who pulled up the horrible positions established at a certain low price, still don't know how to make a profit. How much!

  What Zhong Shi didn’t know was that whether it was Quantum Fund, which had previously formulated a promotion plan, or Hamanaka Yasuo, who was in the copper market, their positions were almost the same as Zhong Shi’s.

   Thank you book friend Soul Dou [Luo] for your reward!

  (end of this chapter)