Reborn as a tycoon in Hong Kong

Early in the morning, Lin Baicheng and Yamaguchi Momoe came down from upstairs. The housekeeper Dorchi informed Lin Baicheng that it was Iwasaki Mineryu who called and asked Lin Baicheng to call back after he woke up.

"When did he call?"

Lin Baicheng asked aloud, walking towards the landline phone. The reason why he asked this was because the time in Tokyo is 16 hours ahead of Los Angeles, and the time difference between the two places is not small.

Dorchi replied: "At eight o'clock in the morning."

"So you called at twelve o'clock in the night?"

Lin Baicheng was a little surprised. He looked at the clock on the wall and found that it was almost nine o'clock in the morning. In other words, it was almost midnight in Tokyo, and Iwasaki Mineryu might have fallen asleep by this time.

Dorchi said: "Mr. Iwasaki said that no matter what time you get up, sir, I want you to call and respond after learning about this."

"So urgent?"

Lin Baicheng sat down on the sofa and picked up the handset of the telephone with the international dedicated line.

"What could happen?"

Yamaguchi Momoe was very confused. As Iwasaki Mineryu, no matter how big something happened, he could handle it well.

"We'll find out after we get on the phone."

Lin Baicheng said making a call.

After a while, the call was connected.

"Is it Mr. Lin?"

Iwasaki Mineryu's voice sounded a little hoarse on the other side of the phone.

"it's me."

Lin Baicheng responded: "Iwasaki-kun, did something happen?"

"It's related to gold futures. The international gold price has been fluctuating violently these days. Lin Jun, do you know about it?" Iwasaki Mineryu's voice was full of bitterness.

"Well, I pay attention to them all."

Lin Baicheng was indeed paying attention. After all, he had only sold his gold futures for a few days, and he wanted to know whether he had made a loss or made the right mistake.

At the beginning, Lin Baicheng made a loss. The international gold price broke through 240 US dollars per ounce, then continued to rise, and then accelerated the day before yesterday in New York time, rising to a maximum of 246.6 US dollars per ounce.

However, also in the afternoon the day before yesterday, after the international gold price rose to a high of 246.6 US dollars per ounce, it turned straight downward and fell to 234.8 US dollars per ounce by the settlement of the day.

The international gold price on this day started from 242.18 US dollars per ounce. The highest price increased by 1.825%, but the actual increase or decrease of the day was a decrease of 3.047%. If we count from the highest point, the amplitude of the day reached nearly 5 percentage points.

This was the trend the day before yesterday. Yesterday, the international gold price continued to fall, and the fall was quite fierce. It fell to 224.3 US dollars per ounce, a drop of 4.472%, and fell back to the shock range of the previous few days.

The problem is that the international gold price, which took several days to rise, fell in two days. This shows the strength of the short sellers. It is conceivable that the international gold price will fall to a certain extent in the future. As for the specific price at which the price will fall to the bottom, no one knows now.

"Jun Lin, you notified me after you closed your long order. At that time, the gold price was still rising. My team told me that the gold price would still rise. I was greedy and trusted their judgment, so..."

Lin Baicheng already knew the unfinished meaning of Iwasaki Mineryu's words, which was that he did not close his long orders and still held long gold futures.

"Iwasaki-kun, there is no need for you to worry. If I remember correctly, your long order was purchased near US$200 per ounce, and now it has increased by more than ten percent. With the five times leverage you used, Come to think of it, a profit of US$50 million is quite a lot.”

Lin Baicheng comforted him, saying that although Iwasaki Mineryu had made less money, there was no need to think too much. After all, he was still making money.

"Mr. Lin, I'm telling you the truth."

Mineryu Iwasaki on the other side of the phone was silent for a while, and then said: "When the gold price broke through the price of 240 US dollars per ounce, I added a long order of the same amount."

Lin Baicheng was speechless after hearing this: "A long order of US$100 million in principal and US$500 million in leverage?"

".right!"

"In other words, your average cost price is around US$220 per ounce, and today's gold price is close to your cost line."

Lin Baicheng did not expect Iwasaki Mineryu to be so greedy, and he did not believe his judgment at all. Otherwise, how could he close the long order, but Iwasaki Mineryu increased the number of orders, taking the completely opposite path to Lin Baicheng.

"Yes!"

Iwasaki Mineryu said in a low voice: "I no longer trust the judgment of those under my command. I just want to hear your thoughts, Mr. Lin. I also hope that Mr. Lin can give you some advice. I am very grateful."

"Iwasaki-kun, I can't tell you how the gold price will go next, because I don't know the specific trend of the gold price next. If I knew, I would close my long orders at a higher price, and then open a short position at a high price." I’m single, but it’s a pity that I don’t even know.”

"What I can tell you is that if the price of gold continues to fall, I will start buying long orders near $210 per ounce. As I have always told you, I still say the same thing, with a one-year or even longer-term horizon. Looking at time, I am bullish on gold prices and I believe it will break through $300 an ounce sooner or later.”

Lin Baicheng did not tell Iwasaki Mineryu how to operate, but the meaning of his words was actually quite obvious.

"Lin Jun, I believe you. I will continue to hold these long orders for the time being!"

Iwasaki Mineryu decided to trust Lin Baicheng's judgment. If the price of gold really continued to fall, at least Lin Baicheng would lose money with him, not just him. Iwasaki Mineryu will draw attention to Lin Baicheng's account at Mitsubishi Bank. When the gold price reaches around 210 US dollars per ounce, he will know exactly whether Lin Baicheng has bought it.

"Iwasaki-kun, let me start with the ugly words. I can't guarantee that the price of gold will not fall below 200 US dollars per ounce. I can only say that if this happens, you will not be the only one who loses money, and I will also be the one who loses money." Myself!"

Lin Baicheng said the ugly things first, and he didn't want to be blamed when the time came.

"Don't worry, Mr. Lin. If the price of gold really falls below 200 US dollars per ounce and falls to a lower price, that will be my own decision and has nothing to do with you, Mr. Lin."

Iwasaki Mineryu expressed his understanding.

"As long as you understand it, you can figure out how to operate it."

After that, the two didn't talk any more and ended the call.

When going for breakfast, Lin Baicheng asked his secretary Qin Lan to contact Vivien Kelly and ask her if she could resign from Merrill Lynch sooner. Vivien Kelly had agreed to work for Lin Baicheng, but she said it would take about half a month to complete the resignation procedures.

Lin Baicheng did not fool Iwasaki Mineryu. If the gold price fell to 210 US dollars per ounce, no matter what happened next, his funds would enter the market and go long.

Now, Lin Baicheng hopes that Vivien Kelly can come over quickly to help him set up an offshore company, so as not to miss the buying period of long gold futures.