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Text Chapter 1885 Chain Reaction

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    In the afternoon, oil prices did not continue to plummet. Instead, they rose slightly, from 103.38 to over 105 US dollars per barrel, but never exceeded 110 US dollars.  &{}.{23}{wx}.{}

    Everyone is well aware of the current oil price of US$110.

    Oil prices can fluctuate greatly within a day, but if the closing price plummets by 40% or 50% compared to yesterday, then the entire oil market will enter a sharp deterioration, and may even directly collapse.

    No matter how arrogant the U.S. government is, it will not want to get everyone to die together.

    ¡°Even if we want to make those speculators and hoarders suffer huge losses, we have to do it slowly and all at once. I don¡¯t know how many people are simply shameless.

    In addition to the U.S. government¡¯s efforts to support the market, oil-producing countries in the Middle East have also begun to exert their efforts.

    Unlike consumers who hope that the price of oil will become cheaper and cheaper, they hope that the price of oil will remain around 100 US dollars, but when they see it falling below 100 US dollars on the first day, they naturally can¡¯t sit still.

    At 3 p.m. Eastern Time in the United States, the Organization of Petroleum Producing Countries (OPEC) announced that starting today, it will reduce crude oil production by 8 million barrels per day to maintain the stability of the oil market, and does not rule out the possibility of continuing to reduce production in large quantities in the future.

    As we all know, if oil-producing countries reduce production, there will be less oil circulating on the market.

    "Compared with the reduced amount of oil in circulation, even if the oil needed by everyone is reduced, the inventory pressure on the entire market will not be great, and naturally there will be no room for a sharp decline.

    Since the existence of OPEC, the strategy of reducing oil production has been prepared to cope with the decline of oil, and it has been tried and tested.

    But it can force OPEC to cut production by 8 million barrels per day at a time.  It can be regarded as the first time in history.

    As expected, after the news came out, the price of oil rose steadily and steadily. At the end of the trading day on the 11th, it had risen to US$127.87, a drop of more than 12.5%.  It can still be called a tragic plunge, but it did not collapse after all.

    Just like in previous lives, after the stock market and commodity exchanges closed in the afternoon, people from investment banks and fund companies such as Goldman Sachs and Morgan came out of the Federal Supreme Court.

    There are no substantive accusations in this inquiry. At present, they are only taking the initiative to explain and assist in the investigation.

    But they all know that if they do not take substantive actions and cooperate with the US government in suppressing oil prices, then their lives will be difficult, and their prosperity and wealth will not be preserved.

    Cause people to die.  It is never the best way to deal with a disobedient person. Give him the most severe deterrent so that he can do what you want and bring you the greatest benefit. This is the most beneficial method for you.

    Now the big guys on Wall Street are frightened. Of course they don¡¯t dare to play tricks. They can only work hard for the government and don¡¯t dare to think about anything else for the time being.

    Of course.  Just because you don¡¯t dare to think about it now doesn¡¯t mean you haven¡¯t dared to think about it all the time. It just means that you have to follow the baton of the US government now.

    On this day, the global stock market and oil futures market are so tragic.  Many people have not noticed that there is actually another very important change, that is, people have begun to sell bulk futures commodities on the New York Mercantile Exchange.

    The so-called commodities refer to products that are generally not circulated in the retail chain and have huge transaction quantities and prices.

    Oil is one of the commodities, and the others include iron ore, coal, wheat, soybeans, etc.  It is also an international commodity.

    ¡°These futures commodities must only be operated by Fortune 500 companies, or directly by the relevant departments of a country.

    ¡° Now everyone is selling bulk futures products, which means that it is at the high-level corporate level, as well as the national level.  They are all very unfavorable about the future futures market and want to get out early and take a look before making a decision.

    With the development now, oil futures no longer represent itself. Oil futures, which account for more than 30% of the total trading volume of the futures market, have become the weather vane of the futures market.

    If oil futures are hit hard, other futures commodities will not feel better and will definitely fall accordingly.

    Now they react immediately, selling large quantities of commodity futures is originally a good thing, but the problem is that there are more than one smart people. When large quantities of commodities are sold, prices will inevitably fall.

    "This is the case with many things. A small failure and decline will lead to more collapses.

    "It is said in "Wei Liaozi's Book of War" that if one-tenth of the soldiers are killed in battle and the army can still remain undefeated, it is an absolutely strong army.

    This is especially true for the stock market and futures market. Now that commodities have entered a downward channel, the weak trend has been determined for at least the next few months, or even one or two years.

    Xiao Qi did not short the oil futures market because his goal was too big. If he were to short oil at this time, it would not only be the United States that would hate him, but also Middle East oil-producing countries, Russia, South America and other countries.  Everyone will regard Xiao Qi as an enemy.

    Therefore, Xiao Qi has not been directly shorting oil. He has only bet against several major investment banks twice. This is equivalent to a personal grudge and has little to do with the interests of oil itself.

    In this world, successful people are those who are good at protecting themselves. If you do it just for money, you will never be able to stay away for long.

    The last time Xiao Qi shorted subordinated debt, he followed giants such as Goldman Sachs, JPMorgan Chase, Morgan Stanley, fund companies, etc., and he did it very carefully. Tong Wencong was just one of hundreds who made money in this  No one knows how much more he and Xiao Qi earn than Paulson, the "King of Hedge Funds" who is in the limelight.

    Therefore, Xiao Qi will not do oil this time, nor will he do sensitive commodity futures such as ores, grains, etc., let alone US dollars, but gold!

    After oil plummets and bulk futures commodities are sold off in large quantities, people usually turn to large-scale holdings of U.S. dollars to avoid risks, so the U.S. dollar will continue to strengthen in the future.

    Corresponding to the strengthening of the US dollar, the price of gold will inevitably fall. This is the correct market law!

    First it was oil, then commodities, then the U.S. dollar, and finally gold.

    Under the interlocking of the loop, it is the gold price that affects it in the end. Slighting gold in advance is naturally a hidden thing.

    As early as June, Xiao Qi asked Tong Wencong to start the layout. Before Xiao Qi came to the United States in early July, Xiao Qi and Tong Wencong invested 9 billion US dollars and entered the gold futures market one by one.

    Among them, Xiao Qi invested US$8 billion in profits from subordinated debt. Tong Wencong not only invested US$500 million earned during this period, but also invested US$500 million himself.

    For him, missing out on the ultra-high profits from subprime debt has already made him regretful. Now if he misses out on gold futures trading, then he really doesn¡¯t know how to cherish the opportunity.

    Gold is one of the precious metals, but it is in a class of its own. After all, you say platinum and diamonds are good things, but in the years of disaster, you have to look at whether gold can be exchanged for things, or these shiny things.  Can I exchange something for something?

    Gold in troubled times.

    The habits that have existed for thousands of years cannot be changed in a moment, let alone people never intend to change.

    Therefore, speculating on gold futures is a normal speculative operation that has nothing to do with people's daily lives and will not be criticized.

    Even so, Tong Wencong was still very careful when making the layout. For more than half a month, people from the fund company were operating with countless small accounts, and finally completed the entire layout last weekend.

    After successful layout, all that¡¯s left is to wait.

    Fortunately, Tong Wencong didn't have to wait long. Just one weekend passed. Like an angel on earth, Ruby Nader came forward to defeat the oil price. Suddenly, the oil futures, which had been soaring, turned around.  The head will slowly fall all the way down.

    After seeing the performance of today¡¯s oil futures and commodity futures, Tong Wencong¡¯s voice was trembling when he called Xiao Qi.

    "Qi Shao, we've made it! You are truly the messenger of God!" Tong Wencong said with great excitement and piety: "Being able to do these two businesses under your command, I, Tong Wencong, have no regrets in my career.  "

    "You can't say that." Xiao Qi smiled and said, "Old Tong, the next few years will be the time for us to show our talents. I also count on your continued efforts to make our net worth continue to grow!"

    "I will definitely follow your wishes!" Tong Wencong said solemnly: "In the financial market, I am your pawn. I will fight wherever you point me!"

    Until he hung up the phone, Tong Wencong's mood was agitated.

    What is the most important thing for a fund company like him?

    Isn¡¯t it the ability to predict events like a god?

    He, who has always been unable to achieve anything, looked at Xiao Qi's understatement of turning his hands into clouds, turning his hands into rain, and billions or evenWith tens of billions of profits in hand so easily, how could you not admire this talented young man?

    If the subprime debt incident is a coincidence, what about the current gold futures?

    To be able to judge the trend of the entire market so accurately, and thus notice the ever-strong gold futures market, and after spotting it, without hesitation, invest huge sums of money into it. This kind of courage and ambition are not something ordinary people can possess.  ?

    If you follow Qi Shao, you will definitely have meat to eat!

    At this moment, this concept has taken root in Tong Wencong¡¯s heart and can no longer be eliminated!  !  (To be continued)

    ps: Some time ago, some people said that gold is close to the mining cost price and it is impossible to fall anymore.  But if a market goes into panic, does it matter whether the cost is high or not?  Looking at these international commodities, including oil, our country's participation is really very low. The United States is indeed powerful!
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