Chapter 311 The best is yet to come (Gong Xi Fa Cai)
At the beginning of 1980, global metals were still continuing their upward trend from the previous year.
These days, metal concept stocks not only in the United States, Japan, and the United Kingdom, but also in other countries have accelerated their growth.
In just a few days, gold, which had been testing the 800 mark per ounce, rose to $830 in an instant.
In Japan, Tonghe Mining, which has the most amazing trend, has transformed from a hundred-yuan stock into a metal concept stock that is approaching the thousand-yuan mark after a year of climbing.
Silver futures, owned by the Hunter family, have not only reached a new high of $50 per ounce, but are also likely to continue to rise.
The reasons for this phenomenon, apart from the international form, remain unknown.
What's more, it's because all retail investors are buying like crazy.
Not to mention common metal concept stocks, all stocks that have something to do with metals these days have been scooped up by investors with great wisdom.
Xiangjiang "Huang & Lam" Advertising, a small advertising company.
In the early days of its establishment, relying on the reputation of the two partners, the company's accounts were still very promising.
Unfortunately, as time goes by and there are more foreign enemies, the life of "Huang Yulin" is not as prosperous as it was at the beginning.
The only good thing is that the team that produces advertisements has become very sophisticated.
At nine o'clock in the morning, Lin Yanni, who had just joined the company, was applying nail polish on the phone hands-free.
"Sister, I really don't understand what you are thinking. Huang Zhan is confused and you are also confused?"
Lin Zhenqiang's voice came from the other end of the phone.
This talented man who has written thousands of songs is not only Lin Yanni's younger brother, but also the idol of the great poet Lin Xi.
"Now the whole world is grabbing metal stocks. It's okay if you don't buy them. Why are you still buying them? Do you know what outsiders are saying about you now?"
"What did you say?"
"This Huang Zhan doesn't even understand how to play the Hong Kong stock market, so why should he play the US stock market?"
Lin Yanni paused her hands and remained silent.
"Forget it about playing U.S. stocks," Lin Zhenqiang's voice continued to come from the phone: "You actually want to go against the trend and buy short silver. I'm going to laugh it off!"
Lin Yanni was worried about this matter, and there was lightning and thunder hidden in the silence.
After a few days, "Jiang Sheng's words are very reasonable", "What Jiang Sheng said makes sense", "Why does he know everything?", "There must be something complicated behind him", "Since it is fast in and fast out, I might as well try
Give it a try,”…
It was all turned into a sigh.
"Alas~"
At that time, he was either possessed by an evil spirit or poisoned...
Otherwise, how could she, who was originally opposed to Huang Zhan, act foolishly along with him?
"Can you not talk about this? Zhenqiang," Lin Yanni said weakly: "I have to go to a meeting. McDonald's advertising plan is about to submit bids..."
"I'm mainly worried that you will get lost and never come back. Please close your position quickly, sister, otherwise you will lose more," Lin Zhenqiang advised: "After selling, join me in buying gold. Maybe you can still make money back."
"Are you in gold?" Lin Yanni thought for a while: "Aren't you afraid of chasing highs?"
"What are you afraid of? I've already made money."
"..." Lin Yanni's heart skipped a beat, but then she said: "Zhenqiang, have you ever heard of the principle that when things go to extremes, they must reverse course, and once they accelerate, they will reach their peak?"
"I only know that the general trend is irreversible..."
Before he finished speaking on the phone, the door to the office was pushed open by Huang Zhan.
"Yanni, look at this quickly,"
Huang Zhan, who rushed in with a newspaper in hand, was so excited that he didn't even stop his legs and threw himself on the desk.
"What's wrong?" Lin Yanni panicked immediately: "What happened?"
"This, this," Huang Zhan pointed his finger at the newspaper: "Look at this, the new rules of the New York Stock Exchange."
"What?"
When Lin Yanni heard this, she quickly buried her head: "From now on, only old silver contracts are allowed to be sold, and new silver futures contracts are prohibited from being established... What does this mean?"
"It means that the Hunter brothers can only sell silver in the future," Huang Zhan smiled so hard that he couldn't buy any more silver. Not only him, but also the Saudi prince can't buy it. No one can buy silver.
La!"
When Huang Zhan said the last word, he laughed out loud.
Once this temporary trading regulation is introduced, no one can anymore manipulate the price of silver through large purchases!
"It can still be like this," Lin Yanni shouted and stood up: "Is the New York Stock Exchange crazy?"
"The man who deserves to be crazy is Hunter,"
The next second, Huang Zhan clenched his fist and pounded the table: "I want to see how he handles Mr. Lei in the future."
Turning his eyes, he saw the phone with the light on the table: "Are you on the phone?"
"Hi," Lin Yanni nodded: "It's Zhenqiang who called me. He advised me to quickly liquidate the shorted silver and buy gold."
"Humph, it's gone," Huang Zhan, who has always liked to use swear words, did not hold back at all after returning to Hong Kong: "Haven't you ever heard of the saying that when things go to extremes, they will reverse themselves?"
Lin Zhenqiang on the phone just wanted to ask: "Is the news you just mentioned true or false?"
"I'm going to knock your lungs out," Huang Zhan hung up the phone: "Don't delay my call!"
Lin Yanni didn't even raise her head and couldn't care about anything.
Still reading the news in the newspaper over and over again.
…
A few minutes later, Jiang Shan, who was sitting in the newspaper office, picked up the phone on his desk.
"Jiangshan, do you recognize who I am?"
"Brother Zhan,"
After Jiang Shan finished speaking, he lowered his head and glanced at the calendar on the table: "You called me at this time. What news did you hear?"
"You guessed it right,"
Huang Zhanxiao read the temporary regulations of the New York Stock Exchange over and over again: "How is this news?"
"That's great," Jiang Shan held the phone and lit a Xiaoyao cigarette: "Listen to me, don't let go in the next month, just keep in touch."
"Okay, I'll report the progress to you at any time."
Just now, Huang Zhan had already made a decision in his mind: he would not sell McDonald's shares.
If Jiangshan can guess the trend of silver, he can definitely guess the trend of McDonald's.
"Then let's do this for now," Jiang Shan glanced at his watch: "The market is about to open, you should take a look at the reaction of Hong Kong stocks first."
"OK!"
According to Huang Zhan's description, the New York Stock Exchange should have announced this temporary rule immediately after the futures market closed.
At that time in Xiangjiang, it was exactly 3:30 in the morning.
In order to ensure that the daily financial news is fresh and fresh, Hong Kong's "Economic Herald" waits until the U.S. market closes before starting printing.
At this moment, many people across Hong Kong have noticed this new rule of the New York Stock Exchange.
Some large investors have already thought of countermeasures before dawn.
In 1980, the Hong Kong Stock Exchange did not have large display screens, and there were not many people in red shirts.
Some are just a large blackboard with constantly changing numbers, and rows of traders holding phones and yelling.
As soon as 9:30 a.m. arrived, Huang Zhan dialed the phone in his hand.
At the end of the day, he didn't even remember how many consultation calls he made until the market closed.
"How's it going?" Lin Yanni, who had been by her side, asked anxiously: "Did you fall?"
"It's definitely going down," Huang Zhan couldn't help but feel a little disappointed: "But it's only a little bit lower, not as severe as expected."
"Just wait and see," Lin Yanni thought it would be a good thing to turn around and go down: "After all, it's only the first day."
"Well," Huang Zhan nodded: "I'm going to take a nap first, the main event hasn't started yet."
A few hours later, the NYSE trade was their real owner.
January 22, 1980, the second day after the New York Stock Exchange announced the "new regulations for the silver futures market."
Silver prices plummeted across the board, falling from US$50.3 per ounce to US$34 per ounce in just one day.
When Huang Zhan and Lin Yanni heard the numbers coming out of the long-distance phone call, their screams immediately echoed through the dark office building.
Two days later, the Federal Reserve announced a rate hike.
Gold holders in both futures and stock markets cheered, feeling that the metal concept will continue to rise sharply.
Unexpectedly, "silver" continued to fall after the market opened, and fell directly below the bull-bear dividing line of $30 at the close.
The bear market for silver is coming!
At midnight, cheers rang out again in the office building where Huang Yulin was located!
This time, there was a stunned Lin Zhenqiang in the office.
Also dumbfounded with him were the Silver Air Force troops who had withdrawn from the front.
After it gets dark,
When Huang Zhan told Jiang Shan the good news, he sighed curiously: "I didn't expect that even raising interest rates could not stop the decline of silver. It seems that God is helping us!"
Jiang Shan smiled and took a sip of tea: "Stabilize Brother Zhan, the fun is yet to come..."
"Jiangshan, thanks to you," Huang Zhan was in a beautiful mood recently: "I have been very happy these days. The bad guys who laughed at me for buying short have all rushed to the street."
In February 1980, silver futures on the New York Stock Exchange continued to decline.
Simultaneously with its decline, there is also the "gold" star ticket in the eyes of the public.
Since hitting a new high of $830 per ounce, gold, which has even avoided sideways trading, has directly started a downward trend.
In 10 days, the price of gold has fallen below the psychological bull market price of $600.
At the same time, Japan's leading metal stock Towa Mining quickly turned downward after failing to hit the thousand-yuan mark.
900 yen, 800 yen, 700 yen... fell back quickly, all at once.
So far, all the metal leaders have fallen back into the bear market in less than half a month.
However, this is just the beginning, and the falling numbers are still beating.
…
[On February 14, 1980, Yu Sigui called me from Tokyo. She sounded quite happy, but I didn’t understand what she wanted to talk about. After I kindly reminded her to pay attention to the phone bill, Yu Sigui
I just yelled on the phone: Happy New Year!]
[February 15th was New Year’s Eve, and because Chen Peisi stayed at home and couldn’t chase her away, I simply called Pan Hong and Liu Xiaoqing over.
The New Year's Eve dinner at one table in the main room and one in my room was a lively one.
Halfway through the meal, the 18-inch Hitachi color TV in my room started playing "The Legend of Chu Liuxiang"...]
The title sequence, which only lasts for just over a minute, features Wang Mingquan, Zhao Yazhi, Huang Xingxiu... the beauties in TVB costumes who keep popping up have already dazzled everyone in the room.
Years ago, Huang Zhan sent a bunch of video tapes from Xiangjiang, and I happened to use them all at this time.
"Take a good look," Jiang Shan said while holding a wine glass and making steamed buns: "This is called a martial arts movie, Xiao Qing, you have to learn the moves in it."
Mainland China's first martial arts movie is about to start filming later this year, and the heroine has been chosen to be Liu Xiaoqing.
Unfortunately, Liu Xiaoqing didn't pay attention to the moves on the screen at this moment: "Who is this girl? She is so beautiful, right Pan Pan?"
"Well," Pan Hong grabbed a strand of hair and kept twisting it: "Tell me how their hair is combed. It's much prettier than ours."
"Her name is Zhao Yazhi," Jiang Shan thought that he could try to comb their hair: "They are equally beautiful in ancient costumes."
After a while, the ping-pong-pong-pong-pong-pong-pong of swords and shadows on the TV attracted everyone in the hall opposite.
In the end, even Li Ruocheng and his wife squeezed in with tea cups.
Watching one episode after another, until there was a loud noise outside the house, everyone ran into the courtyard and set off fireworks together, laughing and joking.
"Happy New Year!"
"Happy New Year!"
"happy New Year to all!"
"Don't forget it," Jiang Shan shouted amidst the sound of congratulations on the New Year: "Come to the streets with me to buy stamps tomorrow morning!"
