Reborn as a tycoon in Hong Kong
Chapter 527 Oil Price Fluctuations (2-in-1)
Wall Street is just a large street extending from Broadway to the East River in the southern part of Manhattan, New York, but it is anything but ordinary.
Because this is the financial center of the United States, the management offices of banks, insurance and other companies established by the Morgan Consortium, Goldman Sachs, DuPont and other consortiums are concentrated here.
In addition, several major exchanges such as the New York Stock Exchange, Nasdaq, American Stock Exchange, and New York Futures Exchange are headquartered here on Wall Street.
For these reasons, Wall Street is the financial center of the United States and has a major influence not only on the U.S. economy, but also on the world economy.
Lin Baicheng, who came to Wall Street on Monday morning, took his bodyguard and assistant to the office building rented by Golden Fleece Company in a very low-key manner. Only one floor of this building is the office space of Golden Fleece Company, and the other floors are the offices of other financial companies.
Every inch of land on Wall Street is at a premium. With the current scale and profits of Golden Fleece Company, it can neither afford nor have the need to buy a building here.
"Chairman!"
When Lin Baicheng came to the company, it was already working time.
"Um!"
Lin Baicheng nodded to Maori Haruko and others. He did not go specifically to say hello to the employees below, but followed Maori Haruko's office.
Maori Haruko made a cup of coffee for Lin Baicheng.
"Ren, Carter, how are you? How are you staying in the company?"
Lin Baicheng first looked at Syngel Lane and Mendez Carter. They were senior talents recruited from behind the company and were actually relatively well-known on Wall Street.
Singer Rayne said: "It's very good. Thank you to the chairman for his trust and letting me lead the investment alone."
Mendez Carter followed closely: "I will definitely achieve results and not let the chairman down."
Lin Baicheng smiled and nodded, and after chatting with the two for a few more words, he asked them, Doug Gordon and Sun Yiyang to go out first, leaving Vivien Kelly and Haruko Maori behind.
After everyone went out, Lin Baicheng looked at Vivien Kelly and said, "Vivien, when do you think the oil price will fluctuate significantly?"
"Chairman, there is no way to predict market changes."
Vivien Kelly first shook her head after hearing this, and then said: "I can only say that I found that a lot of funds entered the oil futures market, so the oil price is likely to fluctuate greatly. I am not sure of the specific time. The only thing that can be determined is that It won’t be more than a month.”
"Not sure about the time?"
Lin Baicheng nodded. Vivien Kelly is not a god. It is normal for him to be unable to judge the specific time of oil price changes. If the other party really has such ability, then there is no need to work for Lin Baicheng.
"I will stay in New York for a while, but I can't stay forever. If the oil price still doesn't change after a while, then I will go to Los Angeles. It is quite convenient to connect New York and Los Angeles."
Vivien Kelly didn't say anything when she heard this. Although there is a three-hour time difference between New York and Los Angeles, the difference is not that big. If there is a huge fluctuation in oil prices, you can contact Lin Baicheng at any time. You don't have to worry about whether it is early morning at Lin Baicheng's place. What.
"Chairman, if the oil price rises, the international gold price is likely to rise accordingly. Now the gold price has exceeded 300 US dollars per ounce. If it continues to rise in the future, do we need to start to level off after the gold price rises to a certain price? Lose part of the long order?"
Maori Haruko asked aloud. She knew that Lin Baicheng had a total of tens of billions of dollars in gold futures. Every time the gold price adjusted and fell, she felt depressed. In fact, a 1% fluctuation meant a loss of more than 100 million U.S. dollars. She was heartbroken. ah.
Lin Baicheng looked at Vivien Kelly after hearing this: "Are our gold futures orders concealed enough? Does the outside world know that we are doing a lot of long gold futures?"
"Chairman, we did it very secretly, so the outside world shouldn't know about it. At least we haven't heard the news."
Vivien Kelly answered loudly, and then said: "But Chairman, the funds we operate are not small after all. For the sake of safety, it is best to put part of the funds on the surface, so that more funds can be hidden." .”
"In this case, let's put the US$2 billion of funds raised by Hutchison Whampoa on the bright side. Also, the US$1 billion of the US$100 million principal financing in April can also be put on the bright side. At that time, the profits from this fund can be used to expand the company's scale and remain in the company as investable funds."
Lin Baicheng thought for a while and said, Vivien Kelly was more professional than him in this kind of matter, so it would not be wrong to listen to Vivien Kelly.
"Yes, Chairman!"
Vivien Kelly was overjoyed when she heard this. The company had more funds to operate, and the more she could allocate. At the same time, the larger the company is, the higher the commissions for these people will be. At the same time, more funds can ensure a higher success rate.
"As for Haruko, you asked whether you want to close part of the long orders."
Lin Baicheng began to ponder as he spoke, and neither Maori Haruko nor Vivien Kelly made a sound to disturb him.
"Vivien, if I ask you to close out the long orders of Hutchison Whampoa's US$2 billion, and then take them back after a while, and finally close out the long orders with other funds, if you do this, the remaining US$10 billion will be Will the funds be discovered by other institutions?”
"Chairman, our long orders have been completed a long time ago. As long as the account does not operate frequently and insiders do not leak secrets, it will basically not be discovered by other institutions."
Vivien Kelly didn't give a 100% guarantee, because everything was possible. She couldn't be sure that there would be no accidents, so naturally she didn't dare to guarantee it to Lin Baicheng.
"In that case."
Lin Baicheng nodded and said to Haruko Maori: "If the oil price fluctuates greatly this time and the gold price also rises, after the gold price breaks through 400 US dollars per ounce, Hutchison Whampoa's long order of 2 billion US dollars can be closed. . However, the premise is that the gold price can break through 400 US dollars per ounce before November. If it cannot break through before November, then forget it."
Lin Baicheng can be sure that the gold price will exceed US$800 per ounce next year, and the high in 1979 is US$500 per ounce at most. Therefore, if the gold price rises sharply in the short term, you can sell first and put the profit in your pocket, and then spend 200 million. The U.S. dollar is long gold futures with ten times leverage.
The reason why other funds do not do this is because Lin Baicheng is basically certain that the trend of gold prices will not change significantly because of his appearance. It will exceed US$800 per ounce next year. Of course, he wants to earn more.
If Lin Baicheng made a mistake in his calculations and Hutchison Whampoa's gold prices skyrocketed, and the gold price continued to rise after closing out the long orders, that would be fine. It would just be a return at a higher cost and less money.
Haruko Maori couldn't help but ask: "Chairman, don't you have enough money to close some long orders?"
"Keep holding it for now."
Lin Baicheng shook his head and did not explain much.
Seeing that Lin Baicheng had made a decision, Maori Haruko couldn't persuade him anymore.
Lin Baicheng said to Vivien Kelly: "Vivien, you go and do your work first."
"Chairman, I'll go out and get busy first."
Vivien Kelly responded and left the office.
There were only two people left in the office. Lin Baicheng said to Mao Liqing: "Qingzi, are you used to living here in New York?"
"It's good, but I won't see you as much as before, Cheng-kun."
Since it was a private matter, Maori Haruko's name for Lin Baicheng also changed.
Lin Baicheng said: "Golden Fleece Company has now moved to New York. You know how many assets I have here. I will come here often to visit."
"Then you have to keep your word."
Maori Haruko wished that Lin Baicheng could come to New York more often.
"Do not worry."
Smiling, Lin Baicheng then said: "Since you are going to work in New York in the future, there is no need to keep Pioneer Technology's office in Los Angeles. Well, let Aige Dema take over Pioneer Technology's office Move the location to Silicon Valley."
"Silicon Valley? That seems to be where semiconductor companies are concentrated."
Silicon Valley has not yet become famous due to the rise of the Internet. However, it still has some reputation in the United States. Haruko Mouri has seen relevant news reports.
"Well, if possible, let Aige Dema invest in the company there. He can decide on the small investment by himself."
Of course it would be best if Aige Dema could invest in companies with development potential. The loss of investment failure would not be large, and Lin Baicheng could afford it. Anyway, Pioneer Technology itself was just a cover for Lin Baicheng's outstanding vision.
Maori Haruko responded: "I will talk to him."
After Lin Baicheng and Maori Haruko chatted for a while, they walked out of the office and went to see other people.
Lin Baicheng stayed at the Golden Fleece Company throughout the whole day, and did not leave with Maori Haruko until after get off work. Tonight, he planned to spend the night at Maori Haruko's place, so that the rain and dew would catch him.
The next day, Lin Baicheng no longer went to Golden Fleece Company, he went to Marvel Comics Company. Now that he is here in New York, it makes no sense not to go to Marvel Comics. He rarely goes there, but he will go even more when he has the opportunity.
On this day, Lin Baicheng stayed at Marvel Comics to work.
With Lin Baicheng's capital injection, Marvel Comics has developed quite well this year. It has its own physical comic store, its market share has increased, and its revenue and profits have also increased a lot.
However, for Marvel Comics, Lin Baicheng never expected how much money the company would make for him. What he valued was the copyright held by the company. As long as Marvel Comics does not suffer huge operating losses, even if the company does not make money, Lin Baicheng will support the company until the era of superhero movie adaptations arrives.
At that time, Marvel Comics will be able to make a lot of money.
On this day, oil prices did not fluctuate significantly and were still fluctuating.
However, on Wednesday morning, oil prices suddenly began to break through the shock platform and rose from around US$13.2 per barrel to US$13.5 per barrel. Even though it only increased by about US$0.3 per barrel, the increase reached about 2.3%.
The increase of about 2.3% does not seem to be much, but the problem is that leverage can be used in the futures market, and the leverage multiples usually used are not low. Leverage of five times and ten times is considered normal, and there are a lot of funds using leverage of twenty times.
Let’s not talk about the high leverage ratio. With five times the leverage, the increase is 11.5%, and with ten times the leverage, the increase is 23%.
Such an increase can already be said to be quite high.
Of course, if you are shorting oil futures and you also use five times the leverage, you will lose 11.5% of your principal. Using ten times the leverage is equivalent to losing 23% of your principal. Such a huge loss is no joke.
When oil prices soared, Lin Baicheng naturally went to the Golden Fleece Company to watch.
By the time we got off work that evening, the price of oil had risen to US$13.66 per barrel, an increase of 3.485%. It can be said that it has risen sharply today, setting up a big positive line.
Today's increase alone, based on the US$2 billion in capital operated by Vivien Kelly, means that the Golden Fleece Company made a profit of US$70 million, which is quite terrifying. After all, this is a day's profit.
"Chengjun, Ms. Kelly's ability is really strong. She made the right decision. Oil prices have indeed risen. This time the company's profit will be no less than 100 million US dollars."
Although the price of oil rose only 3.485% today, the previous fluctuations have made the company make a lot of money from long futures. What's more, there will definitely be a rising positive line after today's big positive line. Therefore, Haruko Maori said the company made a profit of 100 million US dollars. Not much.
"Her ability is indeed good, at least for now."
Lin Baicheng nodded slightly, but this does not mean that Vivien Kelly's judgments are always correct. She may also make wrong judgments in the future.
On Thursday, oil prices continued yesterday's rise and looked quite strong. In the morning, oil prices broke through the price of US$14 per barrel and are still slowly moving upward.
When oil prices exceeded US$14 per barrel, the increase reached 2.5% that day, and Golden Fleece Company recorded another US$50 million in profits.
Vivien Kelly said to Lin Baicheng who was standing aside: "Chairman, I think this wave of oil prices may rise to US$15 per barrel. When the oil price rises to US$14.8 per barrel, we can almost start to slowly close our positions. .”
"Just do as you say."
Lin Baicheng nodded slightly. He knew that the oil price would rise even higher in the future, but he just had to close the order first to get the profit, and then let Vivien Kelly choose the opportunity to enter the market and do long.
"Manager, there has been a sudden change in oil prices, and there are large funds selling."
Suddenly, a trader shouted.
Lin Baicheng and others looked at the computer and saw that after the oil price reached a high of US$14.07 per barrel, it suddenly fell straight down, breaking through the price of US$14 per barrel, and sell orders continued to appear.
Vivien Kelly immediately said: "Chairman, there are short sellers entering the market, and there will be considerable short-term shocks. I am still bullish, so I suggest not to operate and wait for the resistance of other bulls."
"Just do as you say."
When Lin Baicheng heard this, he would naturally not object.
Golden Fleece Company was a spectator, and Lin Baicheng and others witnessed the battle between the long and short sides on the computer. The oil price fluctuated at US$14 per barrel, and the trading volume continued to increase amidst the battle between the long and short sides.
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