Chapter 310 A wave of operations in the global metal market (Happy New Year
happy)
"In March 1979, the cover of the American "Business Weekly" published a photo of the Statue of Liberty with tears streaming down her face."
The chopsticks in Jiang Shan's hand made several gestures in the air: "The title on the cover is even more frightening, 'The Decline of the United States.' Gold prices soared as soon as this article came out..."
At this moment, a group of people who were originally staying at the "Peace Hotel" had already sat down at the Nanxiang Steamed Bun Shop in the Chenghuang Temple.
A tall stack of steamers and drawers were stacked on the square table, and the hot mist was filled with an alluring aroma.
"Come on, come on,"
Jiang Shan and Chen Peisi, one poured balsamic vinegar and the other added shredded ginger.
"Don't just look at it," Jiang Shan said with a smile, "Hurry up and try our Pudong Xiao Long Bao."
"Well," Huang Zhan took a deep breath: "It smells delicious."
"That's right," Jiang Shan said: "This restaurant started during the Tongzhi period, but it closed down long ago if it wasn't delicious."
"We came early today," Chen Peisi recalled the first time Jiang Shan brought him here: "Otherwise, we would have to wait for an hour at least."
Lin Yanni didn't say anything, but tasted the steamed dumplings in small sips.
From time to time, he would smile and nod to Jiangshan.
Huang Zhan also enjoyed the meal very much.
But what he cared more about was what Jiang Shan said.
Similarly, through the continuous guidance of the three petty bourgeoisie around her, Comrade Chen Peisi gradually learned a thing or two about the new thing called the stock market.
“In August, Business Week published another article titled ‘The Stock Market is Dead,’”
Jiang Shan said while eating: "In November, the American embassy in Iran was in trouble again. By the time the Soviet-Afghan War broke out at the end of the year, gold had already risen tremendously."
Since March 1979, gold has gone from a slow rise to a full sprint.
"From 240 US dollars per ounce, it quickly jumped past the 500 mark,"
Jiang Shan threw a bun into the vinegar dish: "In January this year, it became even crazier, directly surpassing the 800 mark."
"Jiangshan," Huang Zhan felt that he had heard something: "You don't want me to chase gold, do you?"
"Don't," Jiang Shan immediately denied, "How dare you pursue such a high position? Accelerate to the top. Accelerate to the top. Once you accelerate, you will definitely reach the top."
The jargon summarized in later generations will be bullshit in later generations.
But now that I haven’t concluded it yet, it’s still very effective.
Starting next month, in February 1980, gold will slide all the way down and enter a long and torturous period of consolidation.
"Then what do you mean...?" Huang Zhan was a little confused.
They all know something about how the golden period went.
But the friends around him were just like him. They were all excited when chatting, but none of them made a move when buying.
Just watching the price of gold skyrocket.
Even if I hesitate a little, I don't dare to get on the bus rashly.
I am afraid that I will accidentally become a blind person.
"In fact, compared with gold, silver's rise is more dazzling,"
After the ravioli and pot stickers were served one by one, Jiang Shan's story began to get to the point: "Have you ever heard of the Hunter family in the United States?"
The three people sitting on three sides of the square table shook their heads at the same time.
"If it's convenient in the future, you can ask someone to bring you some economic newspapers from the United States to read regularly." Jiang Shan said this to Huang Zhan: "Maybe we can find some clues about the stock market."
Huang Zhan's eyes brightened: "You understand the market there by collecting information from these newspapers and periodicals?"
"That's right."
"Okay," seeing that Jiang Shan refused to elaborate, Huang Zhan was inconvenient to ask, "I'll give it a try when I get back."
"The Hunter family had an oil field in Libya a few years ago," Jiang Shan continued:
"In 1973, the Khadzafi government forcibly nationalized Hunter's oil fields. The Hunter brothers, who had suffered heavy losses, decided to make a big profit..."
After some discussion, the Hunter brothers, who had abundant funds and ample time, felt that they were very suitable to be the banker.
After a battle with U.S. regulatory authorities, the Hunter brothers who manipulated the soybean market made a small profit of US$100 million.
After winning, the two brothers, pursuing their victory, reached out to the silver market.
"At the end of 1973, the Hunter family began to quietly acquire spot silver,"
Jiangshan’s volume gradually lowered:
“Silver at that time was only US$9 per ounce. Even if gold rose all the way later, silver only climbed up in small steps.
But the Hunter brothers are very patient. The longer silver fails to keep up with gold's rise, the more aggressive they buy.
In 1976, in order to transport a huge amount of silver, the Hunter brothers rented three Boeing 707s to airlift the collected silver to the Swiss Bank.
It was precisely because this move was reported by the media that regulatory authorities in the United States began to pay attention to the actions of the Hunter family."
"News from newspaper banks has always been better than that from the government," Huang Zhan, who had heard about it for a long time, said softly: "Many government departments have to ask them for information in many cases."
Huang Zhanxin said it was a coincidence that the person in front of him was eating this bowl of rice.
"Who says it isn't?" Jiang Shan, who was holding his rice bowl, nodded:
“After seeing that their actions were noticed by the government, the Hunter brothers began to switch from purchasing silver spot to purchasing silver futures.
As the number of acquisitions increased, they brought in Saudi princes to share risks.
After six years of low buying, the Hunter family finally arrived in 1979, when the international situation was tense.
Then, Baiyin’s general attack began..."
Hearing this, Huang Zhan and Lin Yanni slowly put down the bowls and chopsticks in their hands.
They are no strangers to the futures market in the United States.
The Chicago futures market in the United States, which was born in 1848, launched stock index futures known as the "King of Hedging" in 1972.
Subsequently, London and Frankfurt also launched their own stock index futures trading.
In order to attract more international investors, exchanges in Europe and the United States have launched fierce competition.
Cross-border transaction services have been changed again and again, becoming more and more convenient.
Not to mention Xin, Japan and Hong Kong, even India, Thailand and Malaysia have become the targets of their competition.
“Last summer, the Hunter brothers decided to light the fire for the slow climb of silver,” Jiangshan’s chopsticks did not slow down at all:
“Don’t ask it to rise, just ask it to explode. In just three months, the large amount of silver purchased by the Hunter family quickly caught up with the increase in gold.
Based on gold’s accumulated gains over the years, silver, which originally cost $4 per ounce, quickly reached $11.
With the joint attention of relevant departments and the public, silver has made up for the gains of gold in several years in just three months.
But silver did not stop after that, and doubled its increase within a month, rising to $20.
Then, 30, 40... By January 1980, which is now, Hunter had brought silver to $40 an ounce."
"In other words," Huang Zhan said in shock: "From June last year to now, silver has completed a 10-fold increase?"
"It sounds incredible,"
Jiang Shan smiled, investors in this era have not been used to seeing monster stocks:
"Stop talking about you, even the U.S. Trade Commission is dumbfounded.
After some investigation, they identified the behind-the-scenes culprits as the Hunter brothers and the Saudi prince.
After the news spread, more and more small and medium-sized speculators quickly poured into the silver market.
The reason is very simple. Since the banker is strong, Xiao San can boldly follow the banker."
Hearing this, Huang Zhan and Lin Yanni said almost in unison: "Then we also follow Zhuang?"
Jiang Shan shook his chopsticks: "Do you still remember what I said when we were in the hotel?"
"What words?"
"Five poor, six desperate, and seven turn around," Jiang Shan reminded: "Once we enter a desperate situation, the trend will turn around. The same is true on the other hand. Once the rise accelerates, it will definitely turn down."
"I don't think it's possible this time," Huang Zhan had a different opinion:
"Silver is not moving sideways now, which means that the Hunter family has not started shipping yet. The Hunter brothers have been busy for six years and will not let the price fall easily. Moreover, the price of gold is also very strong now.
It is not easy for all metal concept stocks to turn upside down."
Huang Zhan's idea is correct, these metal concept stocks are all linked.
Therefore, they will also fall hand in hand next.
"If you are so good at analysis, why haven't you made money in the stock market yet?"
Knowing that if he didn't do it over again, Jiangshan would end up with the same dish, so he directly poked the opponent's sore spot: "Do you know why the Hunter family can quickly raise the price of silver?"
Huang Zhan, who was hurt by the poke, began to listen humbly: "Why?"
"Of course it's because they have too much silver,"
Asking what money is in this world makes people crazy about it:
“Today, most of the world’s silver spot has fallen into the hands of the Hunter brothers.
The crazy rise caused silver short sellers to collectively surrender their delivery orders, making it even harder to find a single silver in the silver spot market.
Spot trading prices change every day, and producers are excited to search for silver mines all over the world.
Jeweler Tiffany published an article in the New York Times criticizing the Hunter family for not being a thing.
Soon, industrial silver also suffered. Due to the inability to guarantee the supply of silver compounds, film manufacturers were once unable to guarantee the supply of supporting films for hospital X-ray machines."
"That's okay," Huang Zhan frowned more and more as he listened: "If this continues, I'm afraid it will arouse public anger."
Jiang Shan nodded: "Let's not talk about public anger. The American emperor is not a vegetarian."
"No, no," Huang Zhan agreed, "Americans are not vegetarians."
"The Hunter brothers' method is to monopolize the market, and the US government will definitely take action,"
As Jiang Shan's voice continued to lower, the four heads above the square table gradually gathered together.
“Since the beginning of this month, newspapers in the United States have been desperately collecting news about silver.
The first news to be published was a passage from an internal meeting of the Chicago Exchange: It would be better for the silver market to collapse than to see it be monopolized.
Two days after this news was published, the Chicago Stock Exchange announced that it had increased the margin on the silver contract. Do you know what this means?"
Huang Zhan nodded to express his understanding: "It means that the cost of manipulation in the silver market has increased."
"Unfortunately, the trend of silver is still very strong," Jiang Shan continued quietly:
“On January 7, the New York Stock Exchange launched the Silver 7 rule, which is another means to restrict large-scale silver transactions.
It's a pity that it's still of no use to birds.
But according to rumors collected by various media outlets, many banks have already raised the interest rates on the Hunter brothers’ huge loans.”
"Huh?" Huang Zhan and Lin Yanni raised their eyelids: "The Hunter family also needs to borrow money?"
"How fresh," Jiang Shan pressed his finger on the table: "Otherwise, no matter how much money his family has, they will not be able to control the global silver market!"
"Well," Huang Zhan nodded: "What else did the New York newspaper say?"
"That's all for now. Although the trend of silver has not fluctuated yet, according to the analysis of relevant people, the New York Stock Exchange will definitely not spare the Hunter brothers."
"I believe this." Huang Zhan was most interested in the person Jiang Shan spoke of: "Since ancient times, people have not fought against officials. It seems that the Hunter brothers have never heard of this."
"When it came to manipulating soybean transactions in 1973, the New York Stock Exchange also intervened," Jiang Shan pointed out the key point:
“But the Hunter family still got it, and I guess the two brothers didn’t take the New York Stock Exchange seriously after that.
But this time it’s different. After six years of experience accumulation, the New York Stock Exchange is no longer the chick it was back then.”
"Jiang Shan," Huang Zhan said impatiently, "What are your thoughts now."
“According to the market law that things must reverse when they reach their extremes, the time has come for silver, which has been rising like crazy, to turn around.
When the short side withdraws from the market, it is also time for us to enter the market."
Although Huang Zhan had already had a premonition, he was still stunned when he heard Jiang Shan say it: "In other words, we have to reverse operations when silver rises sharply?"
"That's right," Jiang Shan urged: "If you are worried, you can buy less or not buy at all, but if it is convenient, can you buy some for me?"
"What's the inconvenience?" Huang Zhan responded decisively: "How much do you want to buy?"
"I don't buy much,"
At this moment, Jiang Shan had already taken out a pen and paper and explained in detail: "When you return to Hong Kong, I will ask someone to transfer a sum of money from Japan, which is only 100,000 RMB.
"
"Okay," Huang Zhan nodded heavily: "I will follow you as much as you buy."
"Aren't you afraid of losing money?" Jiang Shan smiled and said, "Mr. Huang hasn't bought a stock before, right?"
"I really haven't bought it before," Huang Zhan also smiled: "But it doesn't matter even if I lose this time, I always bought when the price went up before, so I didn't make any money either!"
"It turns out this is really the first time, so I can't let you lose money,"
The pen in Jiang Shan's hand continued: "After receiving the money, you place an order at this price."
Looking at the numbers on the white paper, Huang Zhan asked: "50 US dollars per ounce?"
"Yes, it doesn't matter if it goes up or down, but you must buy it all on the same day."
"Don't worry about this," Huang Zhan laughed when he thought about it: "I can't guarantee anything else. Placing an order will definitely be the fastest."
"These are the phone numbers of my home and work," Jiang Shan wrote in a flash, "If you have any questions, please contact me at any time, day or night."
"Okay, I will definitely help you get this done."
"Don't worry, Jiang Sheng," Lin Yanni said sternly, "I will help you keep an eye on the whole process."
"Then I'll thank you both first."
“It’s us who should say thank you!”
"Are you enough xiaolongbao? Do you want to add two more?"
"OK!"
The four of us ate the meal for a long time.
In subsequent chats, Huang and Lin learned a lot more clues from American newspapers and periodicals.
Most importantly, they were surprised to learn that this simple and honest comrade in front of them actually had a friend living in Tokyo.
…
After returning home that day, Jiang Shan quickly called his friends in Tokyo: "Mr. Yu, how are you doing recently?"
Yu Sigui grabbed the phone and smiled: "It couldn't be better."
"..."
Talk about both sides.
Not long after returning to Hong Kong, Huang Zhan quickly watched the price of silver rise to US$50 per ounce.
Jiangshan, far away in Pujiang, then received a phone call from Huang Zhan to buy silver as planned.
At the end of January, it was the third day after the purchase was made.
After going short silver against the trend, Huang Zhan, who had been ridiculed and ridiculed by acquaintances from all sides, was so angry that he didn't go anywhere and hid in the company reading the newspaper.
In the past few days, looking at McDonald's, which was still declining, Huang Zhan began to have the idea of liquidating his position at a loss.
Suddenly, a piece of news from the "Hong Kong Economic Herald" caught his attention:
[The New York Mercantile Exchange announced: From now on, it will only allow the sale of old silver contracts and prohibit the establishment of new silver futures contracts...]
"Oh buy cake special,"
Huang Zhan, whose face suddenly changed, jumped up from the office chair: "Yanni, come here quickly and take a look at this..."
