The two parties almost asked the same questions and fell into confusion for a long time.
The other party’s online name is ‘jihgl’, which seems to have been entered casually...
First, both sides tentatively convinced each other of the other's information. Neither one wanted to tell the other his true information, but only confirmed that both sides were bullish forces...
In the end, both parties agreed on ‘1125’.
Once this point is broken, the bulls will suffer heavy losses.
Before I knew it, the morning had passed, and the price of gold had stayed at this price for half an hour.
"Boss, New York gold has fallen below 1130." Jimmy said with cold sweat on his forehead and a trembling voice.
"Stay steady...this Friday at the latest, it will definitely...definitely rise." Ellie bit her lip lightly.
There are 150,000 bullish lots on the account.
The total account value is US$267 million, which can withstand a maximum decline of US$14...
That is to say, if the gold price reaches 1117 US dollars, the account will be liquidated. If it falls below 1130 US dollars, the account will be unable to hold the position overnight tonight.
Now it depends on who has the largest amount of funds and the time... As long as you wait for time, good news will definitely appear.
"Do you want to hold the position overnight tonight..." Jimmy asked a very serious question.
Today is Thursday.
According to Ellie's calculation, the price of gold will definitely rise on Friday. Because it is the weekend holiday, and small households will hold positions beyond the weekend holiday, and very few...
When the time comes to close short positions, and given the current market volume, it will be difficult for the price of gold not to rise.
Ellie let out a long breath.
Calculation, calculation is not a panacea. The market is changing rapidly, coupled with human factors and market traders...
Spot gold is by no means a fair trading market.
"Gold should be going up."
New York gold, also known as gold futures, fell into the U.S. dollar, but it only lasted more than ten seconds before rebounding to $1,131.
Now every minute is suffering.
All morning, Chen Mo smoked more than a dozen cigarettes at the top of the stairs.
afternoon……
Chen Mo left the studio and wandered in the garden downstairs. He thought of Cohen for some reason, so he called and said with a relaxed smile: "Hi, buddy."
"Oh, Mo... you haven't contacted me for a long time. Are you ready to repay part of the loan?" Cohen said with a smile.
"I'm planning to expand Valley Ranch and would like to ask you for a loan."
Cohen was stunned for a moment, and after a few seconds he said: "Aren't you rich?"
"I plan to build the Valley Ranch into the largest ranch in the world, and I need a large amount of funds." Chen Mo said tentatively: "I will use 50 million shares of Huafeng Group. See how much money you can lend me."
"Now……"
"Yeah. Of course, I will go to San Francisco later..."
"Wait a minute, I'll call you back later." Cohen immediately called the risk assessment team...
Chen Mo thought for a while and drove straight to San Francisco.
He didn't really want a loan. He was tentatively confirming some information...
"Hi, Mo. How much loan are you prepared for?" Cohen came out to pick up Chen Mo in person, led Chen Mo into the VIP room, and said.
"700 million. Use Huafeng Group and Valley Ranch as collateral..."
"Part of your valley ranch has been mortgaged to the bank." Cohen smiled and shrugged, closing the door.
"How much loan can I get?" Chen Mo said with a relaxed expression.
"100 million. Eighty-three percent interest."
"Such a high interest rate?"
"The U.S. dollar is raising interest rates again." Cohen shrugged and smiled.
"100 million...are you sure you're not joking?" Chen Mo frowned.
As far as Chen Mo's collateral is concerned, he can get a loan of at least 500 million, at least.
"If you invest in land... it's best... it's best not to. At least wait until next year..." Cohen looked at the door: "The headquarters has just issued a financial risk warning. All large loans must be reported to the headquarters for review.
With my authority, I can lend you up to 100 million, and it must be fixed assets as collateral. A new round of world economic crisis is coming."
"Okay. 100 million, I want it now."
Cohen thought for a while and called the lawyer over to draw up a contract...
After getting the money, Chen Mo immediately returned to Napa and checked the price of gold on the way.
1 ounce of gold is already in U.S. dollars.
At the opening on Friday, the price of gold fell directly to $1,129...
"The line is broken." Everyone in the studio looked unhappy.
An hour later.
"It's 1128."
Ellie turned pale and asked, "Should we set a stop loss line?"
Everyone in the studio looked like gamblers at this moment.
Bai Xiaoou shook his head: "We have reached this point, why should we take a gamble?"
"Me too..." Bella said.
"Let's bet."
Ellie covered her face: "The price of gold will definitely rise within today, definitely. At three o'clock in the afternoon, if there is not a big rebound... let's close the position."
Everyone is sunk.
The account's liquidation position was $1,117, and now it's $1,128, which is still very safe.
Chen Mo went to the rooftop to smoke, turned on his mobile phone, and transferred US$100 million from the bank to his spot gold account...
The position of 1130 is lost.
The price soon fell to $1,125...
Spot gold is a market maker system. To briefly describe this system, buyers and sellers do not need to wait for the counterparty to appear. As long as a market maker comes forward to assume the counterparty, the transaction can be concluded. Whether the order is long or short, it is decided by the market maker.
The market is huge, but it is not infinite. When big market trends occur, many people predict the direction of gold prices, which almost becomes a bet between customers and market makers.
After 2 p.m., the price of gold fell below 1125 and entered $1124...
"50,000 lots, buy... it goes up."
Opening a position means newly buying or selling a certain number of standard contracts.
Buying up means being bullish on the future gold price trend, buying and holding a call contract.
Regardless of whether it was a bullish or a bearish contract, 50,000 lots were bought as soon as the orders were placed. It was not until after three o'clock in the afternoon that more than 1,000 lots were bought...
This is a big market, and the number of long orders issued by market makers has significantly decreased.
The London gold market is huge, but in terms of credibility, many people should have heard of "secret room pricing."
This is why Ellie holds a double line and uses hedging to enter low prices. Because it is difficult to wait until a big market occurs to build a large position...
Gold began to move higher and directly broke through $1,130.
The market is closed for another two hours, and many retail investors have begun to close their short positions. The price is rising almost every breath or two, or even faster...
There was a big increase before the market closed, and the price finally stayed at the US dollar.
Cheers came from downstairs.
Chen Mo sat on the roof of the building and looked at the blue sky, and couldn't help but breathe a sigh of relief.
It was like a roller coaster ride today, from the lowest to the highest, with an ups and downs of $13.44 in the middle.
The lowest point is only 7 US dollars away from the liquidation position.
US$7 may seem like a lot, but in fact, the amplitude of one hour exceeds US$10 in many cases.
In the past three months of their trading, they have encountered many times when the amplitude exceeded $10 within an hour...