During the two-day market break, almost all the major bulls held their positions overnight.
In the US market, the price of gold stayed at the US dollar. There was a burst of cheers from downstairs, and Chen Mo also gave a sigh of relief.
It's so, so exciting.
If your heart is not good, you may ascend to heaven at this time.
Taking advantage of retail investors closing their positions before the market closed, market makers placed a large number of orders. Chen Mo took the opportunity to absorb a wave of orders, with more than 2,000 bullish lots in his personal account.
The sky is very blue. If you jump from here, it will be very miserable.
There are a lot of people who are almost close to their family property to speculate in gold. Most of the children on the third floor are like this... very scary?
People are so crazy sometimes.
Chen Mo was very familiar with the sound of Ai Li's footsteps. She slowly approached Chen Mo and hugged Chen Mo.
"You win." Chen Mo smiled.
"I'm sorry..." Ellie said after a long time.
"Why are you sorry?"
"I'm sorry." Ellie's eyes were red.
Chen Mo turned around and hugged Ellie in his arms. It was Chen Mo who should say sorry.
If he hadn't suddenly wanted to make a quick buck...
Spot gold is not the stock market. It does not mean that the bigger the funds, the easier it is to operate. Moreover, the bigger the funds, it is very easy to get lost in the spot gold market. This is not a question of control. After all, people are not gods...
Moreover, the greater the funds controlled, the more variables there are in the market, and desires, tensions and fears are magnified countless times.
After all, Ellie is only 20 years old and has just turned out.
"Okay, let's go home... After this order is completed, we will never touch gold, futures or the stock market again."
"Yeah." Ellie's eyes were red and she secretly wiped the corners of her eyes.
When he got home, Chen Mo fried beef with morels. Ellie curled up on the sofa as usual when she got home, watching TV without saying a word, constantly changing channels, mainly watching the news. United States
News and international news, all read...
The presidential election is in full swing. Now, in order to win over votes, Trump has formulated a plan to withdraw troops from Iraq and Syria within the year. Although there are voices of opposition, he has gained higher support in the United States.
"It would be great if a war suddenly breaks out somewhere..." Evil thoughts suddenly flashed through Chen Mo's mind.
And this idea actually happened on Sunday. The troops stationed in Syria were attacked by terrorists. Several people were injured but no one died... This... was originally a small matter.
It's really a small thing.
How many times a month do U.S. troops stationed in war-torn countries not be attacked several times...
But Trump posted this matter on Facebook to attack opponents who opposed the troop withdrawal and to gain higher approval ratings.
Then, under the hype and exaggeration of some people, what was originally a small matter became something that everyone knew, and there were even rumors that a bigger terrorist attack was coming...
On Monday, the European gold market opened in U.S. dollars. It rose immediately at the opening. By the time the U.S. market opened, it had already traded in U.S. dollars.
On the third floor of the headquarters of Huafeng Group, Bai Xiaoou has just finished his work: "Nais, I read online predictions that the price of gold will take off today... the futures price has reached 1,150 US dollars."
Chen Mo took Bai Xiaoou to the corridor to light a cigarette and whispered: "Ellie said that the price may rise to 1,200 US dollars today."
"How many lots do we hold?" Bai Xiaoou asked, his heart pounding.
"153,900 lots."
"Why don't you buy more."
Chen Mo rolled his eyes: "It doesn't take time to open a position. Now all the short sellers are closing their positions, so there are fewer orders from market makers."
Bai Xiaoou laughed: "With 150,000 lots, if the US dollar rises by 1 yuan, you will earn 15 million. If it rises to 1,200 US dollars... you will earn... more than 700 million. If you can increase it by 150 US dollars, you will earn 1.5 billion..." Bai Xiaoou
His eyes widened as he spoke.
Chen Mo chuckled: "It's not just..."
Spot gold, when the market is booming, sometimes rises by more than 100 U.S. dollars in a day.
It's a big deal right now.
It had risen to $1,170 at noon.
"Mo, should we close part of the position? It's better to settle down first..." Ellie looked at the crazy growth and discussed with Chen Mo.
The biggest fear when trading spot gold is hesitation, but human nature is greedy, and how many people can restrain their desires?
The ups and downs in the gold market. Ellie is really scared...
"Wait a little longer. 1190 will begin to gradually close positions..." Chen Mo said.
"Um."
After three o'clock in the afternoon, 1 ounce of gold rose to US$1,192. 10,000 positions were closed first...
To close a position is to sell.
Market makers are actually unlikely to lose money. No matter how the market changes, market makers are the biggest influence.
The position of 20,000 lots was closed within one minute. The market maker then opened a new order. With the current market situation, the order of 20,000 lots was closed in an instant...
The next day, the price of gold returned to the $1,200 level and is still rising.
Another 10,000 lots were tied today...
A financial crisis broke out in Latin America, and the first was currency devaluation...
Latin American currencies have depreciated, mainly against the U.S. dollar, which shows the strength of the U.S. dollar. However, U.S. stocks have almost fallen across the board...A large amount of funds have been transferred to the gold market.
The price of gold continues to rise.
Ellie's previous judgment has always been correct. She has been bullish on gold since the price of 1,250 US dollars. But she did not expect that the Federal Reserve suddenly announced an interest rate hike, and the US dollar was strong...
There will be one or two large amplitudes every day, with an increase of more than ten dollars and a decrease of more than ten dollars... This is because someone has cashed out and another large amount of money has entered the market.
Chen Mo and the others have already recovered their capital and made a lot of money.
"We should sell at 1230...$1230."
But soon, it rose to $1,267, returning to the highest price in June...
Under the current situation, breaking $1,300 is the general trend.
There were many people in the studio who had varying thoughts, but there were a few senior traders there. They all supported Ellie's strategy and admired Ellie so much that they almost knelt down to worship her.
Ai Li's judgment was not wrong, and it brought several big risks. Chen Mo even secretly borrowed another 100 million yuan just to resist the risk... Ai Li's judgment on the general trend was correct, and it was in a big market.
Come on, this is genius, the opportunity that countless speculative geniuses have dreamed of. With Ellie's decisive persistence, the wait has finally come... It's not about waiting, it should be about enduring.
At the most dangerous time, the position was 150,000 lots.
When the price of gold was in US dollars, the total value of the entire account was only 160 million. As long as it dropped by another 7 US dollars, the entire account would be destroyed.
The fluctuation of 7 US dollars seems very big, but looking at the subsequent trend, there is even an increase of 35 US dollars in one hour...
A fluctuation of $7 may even occur within a few minutes.
This is not an investment of tens or hundreds of thousands, but an investment of hundreds of millions of dollars.
On September 6, the price of gold was about to break through 1,300 US dollars. Chen Mo and his friends still had 89,500 positions in their accounts that had not been closed... They had made several times their profits now, and they should close their positions as soon as possible.
Being too greedy, unable to control your desires, and hesitant in the face of profits is a big taboo.
Stop when it's time to stop.
There is a strong voice in the market to break through 1,300 US dollars. At this point, Chen Mo and the others closed 49,500 lots...
It was supposed to break through $1,300 on September 6, but it didn’t break through until September 11.
After closing the position, only a margin of US$15 was left in the account to withstand the risk, and the rest of the funds were withdrawn to Chen Mo's personal account...
There were 30,000 lots left, and it was not until September 25 that all positions were closed, the entire account was unfrozen, and all funds were withdrawn.
"Nice, Ness..."
"Ouch, ouch, ouch..."
"Fake, Fake...Fake!"
"Ah~!"
Huge cheers came from the studio, and everyone jumped up and down excitedly.
Catherine and Bella cried excitedly.
Ai Li seemed to have lost all her strength, and quietly hugged Chen Mo with all her strength.