Reborn as a tycoon in Hong Kong

The price Lin Baicheng sold was not the highest gold price of the day. The gold price was running steadily above $196 per ounce, and there was no sign of adjustment for the time being.

In this regard, Lin Baicheng is not disappointed. This is the same as stock trading. It is almost impossible to sell the stocks you hold at the highest price. Being able to sell them at a relatively high price is already very good.

Because the turning point of the gold price is likely to be in the past few days, either the gold price encounters resistance and pulls back, or the gold price breaks through the pressure level, so Lin Baicheng decided to pay more attention to the gold price trend in the past two days and put his work aside for the time being.

The staff who were called by Lin Baicheng to come to the United States to develop the "Tank Battle" game began to come to the United States one after another. Lin Baicheng had asked Isabella to arrange residence and office space for these employees. Sabella arranged for him to go over and meet these employees in two days.

the next day.

When the gold price rose to 197.46 US dollars per ounce, it began to fall. It fell as low as 193.62 US dollars per ounce in half an hour, and then rebounded to around 195 US dollars per ounce, ranging between 194.5 US dollars per ounce and 195.5 US dollars per ounce. Shock.

Even though it only dropped less than 4 US dollars per ounce, the drop was quite significant. The lowest point fell by nearly two points from the highest point. If someone used five times leverage, it would be a loss of nearly ten points. And if someone uses ten times leverage, it is equivalent to a loss of nearly twenty points.

When it fell back down, it was very fast. When Lin Baicheng, who arranged for someone to watch the market, got the news, the gold price had already dropped to 196 US dollars per ounce. By the time he contacted London, the gold price had already fallen below 195 US dollars. / ounce, it fell so fast.

However, Yuan Tianfan and Anyuan in London told Lin Baicheng that they decided to sell the delivery order when the price was 196.5 US dollars per ounce, and they sold it at a price lower than the market price, which was a one-time price of 196 US dollars per ounce. After selling, it was picked up by a large number of long orders, so it sold quite quickly, and then they started to open short orders.

Lin Baicheng didn't say anything about Yuan Tianfan's choice to sell gold at a price lower than the market price. If you want to sell quickly, you must do this. This time in London, Lin Baicheng gave Yuan Tianfan the leading authority, and Yuan Tianfan decided how to operate. Anyuan only had to determine that Yuan Tianfan had not seriously harmed Lin Baicheng's interests.

Yuan Tianfan's ability is indeed stronger than Anyuan. Lin Baicheng will definitely not choose to have Anyuan take the lead in the operation. After all, he will not have trouble with money.

After contacting London, Lin Baicheng contacted Tokyo. Because Lin Baicheng specifically told Haruko Mouri to keep an eye on the trend of gold prices these days, Tokyo also sold delivery orders, and they also started selling when it fell to around US$196.5 per ounce, but they were selling while falling.

Sell ​​while falling, and sell according to the current price. Although there are many orders, the time is naturally not very fast. Fortunately, the total amount in Tokyo is relatively low. The amount after financing is only 100 million US dollars. In the end, it was 196.15 Sell ​​all delivery orders at the average price of USD/oz.

After selling out, I started short selling, and still spent $100 million on short selling. However, if the sale is late, the short order will naturally be placed later.

More than half an hour later, the price of gold was still fluctuating around US$195 per ounce, but London and Tokyo contacted Lin Baicheng respectively to report the situation.

First of all, in London, all long futures were sold at a price of 196 US dollars per ounce, and the cost price was 188 US dollars per ounce. Calculated with a capital of 750 million US dollars, a profit of nearly 32 million US dollars was made. After that, because Lin Baicheng had been warned, he still used 750 million U.S. dollars for short selling. The average short selling price was 195.75 U.S. dollars per ounce. This was mainly because the amount of funds of 750 million U.S. dollars was not small, and there was no way to close the deal at once, except this time. It's almost enough to go short at a higher price, but Yuan Tianfan didn't do that.

I earned nearly 32 million U.S. dollars from long positions. After deducting the handling fees for long and short positions, I was left with only 31 million U.S. dollars. This money also became a margin. As a result, plus the original margin of US$150 million, the short-selling fund now has a margin of US$181 million. As long as the price of gold does not increase by more than 24%, the position will not be liquidated.

Then in Tokyo, the US$100 million long futures were sold at an average price of US$196.15 per ounce. The cost of buying at that time was US$189, making a profit of nearly US$3.8 million. After deducting the handling fees for long and short positions, it is equivalent to making about 3.5 million US dollars.

In terms of short selling, we still shorted with US$100 million in funds, and the cost price was US$195.1 per ounce. This is because the operating capital is only US$100 million, otherwise the cost price would only be below US$195 per ounce. Obviously because the short selling time was too late, the cost price was much higher than that in London.

Although the margin for this short-selling fund is only 1,350 US dollars, and the position will be liquidated if the price drops by more than 13.5%, Bailong Commercial Association still has 20 million US dollars in funds to replenish the margin, so the funds here do not have to worry about liquidation. question.

The current price of gold is range-bound at 195 US dollars per ounce. It is not entirely certain whether it will fall back and adjust. The current trend may be a correction to gather momentum to break through the pressure level of US$200 per ounce. It is also possible that there is really going to be a correction. The current range shock is just to lure bulls. If short sellers want to eat meat, they certainly hope that more long orders will enter the market at this price.

Whether it will surge higher or fall after a correction mainly depends on the game between the long and short parties, and which party's big funds are stronger. Retail investors and small institutions all follow the lead of big funds. They go long when the trend is up and go short when the trend is down.

Lin Baicheng will pay attention to whether the gold price will rise or fall in the future, but he will not have any worries in his heart. If it goes up, he will only make a little profit, and he will make it back later. If it falls, then he has done nothing wrong by shorting this time. The other part of the immobile funds will lose money, but the subsequent long-term trend will not change, and he will still make a lot of money.

Two days later.

The price of gold fell to around $190 per ounce and fluctuated up and down at this price. Although it is not completely certain that gold prices will correct at this time, and there is a considerable possibility of a rebound higher, relatively speaking, the possibility of a decline is higher.

Lin Baicheng did not use the rest of his funds to go short just because the price of gold fell to around US$190 per ounce. He knew very well that the price of gold would definitely rise in the long term, but now it is only possible that it would continue to fall back in the short term. He would not continue to take risks and go short. That's not necessary.

By this time, Lin Baicheng no longer paid attention to the changes in gold prices. He just asked Isabella to arrange for someone to pay attention and report to him when the gold price suddenly fell or rose sharply. Normally, he only needs to pay attention once a day.

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