The Son of Finance of the Great Age

  Chapter 750 The Battle of Gold (3)

"What's up with him?"

   After hesitating for a while, Colum Smithen asked puzzledly.

  As for Zhong Shi, there is no one among them who doesn't know him, and he is even the idol of many of them. This man who started from a humble beginning has become one of the top existences on this planet by himself. Although he is only in his thirties, his achievements in the financial field are unprecedented.

   As for whether there is anyone who will be able to surpass it, at least Colum Sdisson and his colleagues think it is very difficult.

  The reason why he became their idol is that besides accumulating a huge amount of wealth, the most important thing is that Zhong Shi has done what these people dream of, that is, influencing the market and even the central bank.

   This was done by Soros at his peak, so he has become an idol admired by everyone.

"What's up with him?"

  Williams Roger deliberately prolonged his voice, and at the same time looked at everyone with an incredulous expression, "Gentlemen, do you really think that the Greek debt crisis has nothing to do with this gentleman?"

"This…"

  Although it is a small fund, KS&JR people have heard various versions of market rumors. However, facing Williams' "brain-opening" hypothesis, they are still a little hard to accept.

"what do you mean…"

Jack Mullen pondered for a moment, and finally said with a light smile, "Manipulating three rating agencies at the same time, and to a certain extent, affected the Greek government's revenue and expenditure situation, and then triggered its entire debt crisis? I must admit, Zhong Shi He is a very good guy, but the premise you assume is too difficult, I think only God can do it!"

  He shook his head with a smile, and concluded the whole thing, "This is just a coincidence!"

  Indeed, if, as Williams hinted, the whole matter was operated by Zhongshi behind the scenes, it would be a bit too absurd, and it was already beyond the cognition of everyone present. After all, there are many objective factors here, so after just a little thought, everyone decided that Williams' assumption was not valid.

   "I always feel that I still have something to do with him!"

Williams Roger still didn't give up, "Let's let go of my assumptions. Gentlemen, if the whole thing might be a coincidence, would this Mr. Zhong also pay attention to the gold market? Is it now? Action taken?"

   This time, no one refuted, and it was replaced by deathly silence.

  If everything before was a coincidence, then at the right time, it is impossible for a figure like Zhongshi not to notice the impact of the Greek crisis. Although this impact is multifaceted, the gold market is a huge market that can earn enough profits, it is impossible for Zhongshi not to notice this market.

  Thinking that giants might intervene, or have already intervened, everyone had to start seriously thinking about the impact it would bring.

   "The follow-up trend of the gold market still depends on the trend of the US dollar?"

  Collen Smithen hesitated for a moment, and finally said hesitantly, "Even if Zhongshi's capital intervenes, it is impossible to completely reverse the entire market, right?"

   "Maybe we are worrying a little bit too much!"

Jack Mullen also echoed, "Although that guy is a legend, if it were me, I might bet heavily on foreign exchange. Of course gold is not to be considered, but it should not be my top priority. And With his amount of funds, it should not affect the trend of gold."

  Hearing what the two said, the others nodded in agreement.

  Although they have never been in contact with Zhongshi, they subconsciously believe that the trend of this market is determined by objective factors, rather than the intervention of some strong funds.

   This will reduce their panic, at least to a certain extent.

   "Then what is our direction in the future?"

  Williams Roger always felt distrustful of what these two people said, but he couldn't explain why, so he simply skipped this aspect and asked their conclusions directly.

   "Gentlemen, look at the situation on the board!"

As soon as he talked about the conclusive things, Jack Mullen opened the prepared PPT and began to analyze in detail, "Since the major countries in the euro zone began to seriously consider the rescue plan for Greece, the price of gold began to drop sharply. It fell, and reached its peak today when they announced the rescue. That is the level you see now at $1,085 per ounce. Of course, it once fell to $1,076 per ounce during the session.”

"According to my judgment, whether it is an institution or an individual, they may reflect on and adjust the current overreaction, which is basically consistent with the trend of the euro. In the next half month to a month In the future, the price of gold may undergo a correction to a certain extent. Therefore, I suggest that during this period of time, we should mainly go long. As for the extent to which it will be raised in the future, and when will it be the turning point of the market, my personal suggestion is to continue Observed."

  Although it is a commodity fund, KS&JR’s operations are still short-term to a certain extent due to the limitation of fund management scale. Similarly, with their research capabilities, they can only estimate the trend of the next month at most.

"so…"

  Collen Smithon thought about it, and felt that what Jack Mullen said made sense, but he still wanted to hear other people's opinions, "Everyone, do you have any other different opinions?"

   "I think a pullback is possible, but not because of the excessive decline in the previous period, but because of profit-taking."

Williams Roger said lightly, "And if big funds really intervene, it is quite easy for them to manipulate the market. We must be extra cautious about this. In addition, the fluctuations in the future should not be too big , because the major countries in the euro zone are still negotiating with Greece on how to rescue Greece and what goals to achieve next, that is, despite expectations here, the process is still quite complicated and severe. Therefore, once there is a large fluctuation, Can we think that big money is taking the opportunity to disrupt the market?"

   "You still think there's a conspiracy?"

Jack Mullen was a little dissatisfied, "In the long run, the recovery of the U.S. economy is nowhere in sight, and it is already a fact that the European economy is strengthening in disguise. It is well known that the price of gold will rise when the U.S. dollar falls Of course, it is still hard to say what price will rise to and what will be affected by it. But what is certain is that even the inflow of large funds cannot change this situation.”

   Although at some point, trends are well known. But the market is changing rapidly, and various driving factors may reverse the market in a moment, so Jack Mullen's words are reasonable, but they are also flawed.

   "Can't change?"

Not to be outdone, Williams retorted tit-for-tat, "If nothing else, I will give you a simple example. In September this year, the Paulson Fund took a stake in AngloGold, the third largest gold producer in the world. .If there is no profit to be made, how can hedge funds easily buy shares in gold companies? I even think this is part of their manipulation plan.”

   "So we're still going long, aren't we?"

Jack Mullen caught the loopholes in the other party's words very vigilantly, and said unceremoniously, "Look, the most popular guys in the US hedge fund market are bullish on gold, why don't we Do more?"

   "..."

  Williams was speechless for a moment.

  In all fairness, the focus of the discussion between the two is not the same. One is talking about the short-term trend, and the other wants to explain that due to the intervention of large institutions, the volatility of the entire market will increase, and the risk will naturally increase accordingly, so invest carefully.

   But both men agree on one point, that is, in the long run, the trend of gold tends to be price growth.

   Being disturbed by Jack Mullen, Williams didn't know what to say for a while.

   "Is there no doubt now?"

  For his two powerful subordinates, Collen Stilson is also very troublesome. Sometimes the views of the two sides can be consistent, but sometimes there is a huge gap. When the two had a disagreement, he, the boss, had to stand up and smooth things over.

   “At least so far, we are aligned on being long.”

  He comforted the two, "As for when to turn or continue to increase positions, let's see. I don't know if you have any different opinions?"

   Naturally, there will be no other opinions.

  The current KS&JR strategy for the next stage of gold operations has been decided in this way.

  …

   Facts have proved that whether it is Jack Mullen or Williams Roger, the judgment of the market is still somewhat accurate. After the major countries in the euro zone announced aid to Greece, both the euro and the gold trend have slowly corrected from the recent lowest point.

   Among them, gold rose by nearly 2% in the next two trading days. Although it fell again in the next two trading days, the price of gold began to rise again in 2010. From the end of 2009 to July 11, 2010, in just seven trading days, it rose from $1,093 per ounce to $1,162, an increase of 6.31%.

With the help of leverage and keenly grasping this wave of market conditions, KS&JR's net worth rose by 51% during this period of time, more than half the increase in just a dozen days, becoming the current market leader. One of the big winners.

  Unfortunately, then, as Williams guessed, large institutions began to intervene in the gold market, making volatility frequent and intense, and KS&JR soon faced a wave of huge risk attacks.

  …

   "Are you ready?"

  Zhong Shi was smoking a cigar and looking at the scenery outside the window. Sitting opposite his desk was Bill Gross, the well-known bond king.

  After Zhongshi issued the ultimatum, Gross realized that the young leader was dissatisfied with his behavior. Although he was not very afraid, it would be unreasonable to miss a great opportunity to make money. After arranging the time now, I flew to Hong Kong yesterday and met Zhongshi at Tianyu Fund today.

   It is not so much a meeting as a meeting.

"what to prepare?"

   Gross froze for a moment, woke up from the memory, and asked Zhong Shi puzzledly.

  The last time Gross and Bell Stone played against each other was in the U.S. 10-year Treasury market. Of course, there are reasons for Gross' arrogance and Soros' bewitchment, but in any case, when Gross thought he had the chance to win, the Fed suddenly took action, causing Gross to return in a big defeat.

  So after seeing Zhongshi, Gross couldn't help but think of this experience. I couldn't help but ask in my heart whether the other party was lucky or really had insight into the intentions of the US government.

   "Just tomorrow, Moody will issue a statement warning Portugal!"

Zhong Shi didn't know what Gross was thinking. He said lightly, "So far, the debt crisis has begun to spread, at least in our plan. In order to convince investors, I need you to go Take a trip to Portugal and use your influence to maximize these panics!"

"I?"

  Gross pointed to his nose and asked, "Anyone else?"

"certainly!"

  Zhong Shi snapped his fingers and said, "I will appear in Spain, Jim Chanos will appear in Italy, and Paulson will appear in England. This is our division of labor!"

   Thanks to book friends TinyBee and Lu M Feitian for voting monthly! Thanks to the electromagnetist for continuing to reward!

  (end of this chapter)