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Chapter 324: Start to close the position

Bai Xiaoou and Luo Chen squatted under the shade of the trees in the villa yard, holding mobile phones in their hands, with uncontrollable smiles on their faces...

"It would be great to have tens of thousands more empty-handed." Bai Xiaoou said with dissatisfaction.

"You have more than 11,000 lots and you are still not satisfied." Luo Chen opened a position with Bai Xiaoou and opened a short position.

Luo Chen opened Dunlon Gold and built almost two thousand hands.

London London gold and New York gold have a market maker system with a spread, unlimited contract, and overnight interest.

One is traditional futures, which has no spread, a term contract, and no overnight interest.

But the essence of the transaction is the same, buying and selling, you can only sell if someone is willing to buy. If the market is very bearish (down to the limit) and continues to be bearish, few people are willing to buy and open a position, and those who were short before will also

You won’t buy and close your positions prematurely, so you won’t be able to open a large number of short positions...

In terms of industry standards, New York gold is more standardized than London London gold. However, London gold is more convenient to trade...

Even Chen Mo and others entered the market late. In order to open a large short position, they could only choose New York gold.

According to Bai Xiaoou's entry time, it is already very difficult to sell more than 10,000 lots. A short position means selling. If you sell at a certain price point, you will lose money if the gold price rises, and you will make a profit if the gold price falls... To close a position is to sell it again.

Buy gold at real-time prices.

"Satisfied, so satisfied." Bai Xiaoou chuckled: "Don't tell me, Chen Mo's little girlfriend is really amazing. She predicted the rise and fall of the gold price more than a dozen times and she got it right."

Chen Mo and Chen Chen walked over: "What are you two doing? Why don't you go in and sit down?"

"I'm looking at gold futures... In life, the ups and downs are really exciting." Bai Xiaoou took out a cigar and cut one for Chen Mo and Chen Chen: "Do you think it's possible for gold to fall to the level in August?

?”

"You are thinking too much."

The lowest point in August was around 1130.

If you can fall to that point and still close your position successfully, you will directly make a huge profit.

Even if Bai Xiaoou holds 10,000 heads, he can still earn more than 300 million. But this is obviously impossible...

After lunch, Chen Mo and his group came to the banquet hall of St. Beni Resort Farm. The afternoon auction had already begun. Five plots of land were released at once. The banquet hall had a large display screen, and bids were continuously marked on each piece of land...



Minimum 50 acres, maximum 2000 acres.

There are only two pieces of the entire 2,000-acre land, both of which are put up for auction at the end...

The starting price for 50 acres is US$20,000, which is very cheap... However, the current land is still wasteland with woods. To develop 50 acres, at least tens of thousands of US dollars must be invested in land reclamation, fence enclosure, etc....

Anthony from the Louis Ranch has taken over several pieces of land. There are also 'evictions' from the Big Calabash Valley, and they are also the main bidders. Local residents of St. Beni only bid for 50 acres, 70 acres and 100 acres.

Although the land is small, the price is also very high...the average transaction price is about US$3,500 per acre.

Even Bai Xiaoou, Luo Chen, and employees of Nestlé's Saint-Bénie factory are participating in the fight for these lands.

At US$3,500 per acre, the price is obviously expensive, but roads will be built on that land in the future, and road plans have been made. Some land with good geographical location and beautiful scenery has been sold for more than US$7,000.

After selling the land, the town of St. Beni will be able to retain about 12 million yuan. This money will be mainly used to invest in community construction and mountain road construction...

At the end of the auction, there were 12 sports cars donated by Chen Mo, Bai Xiaoou and Luo Chen. These sports cars could not be sold in the brothers' car dealerships, and for a long time, the sales volume in the second-hand luxury car market would be very bad, so we simply

Donated it...

The starting price was very cheap, and the final transaction price was also very cheap, basically the lowest price available in the market.

The entire charity fundraising and auction activities raised a total of tens of thousands of dollars. The money was used to build a school, mountain road planning, community public facilities construction, and the daily expenses of the town's government departments.

Chen Mo has donated a lot, the biggest one being the income from land auctions. If you give, you will get a corresponding reward. Chen Mo can save a lot of money on the planning and construction of roads in the hill pastoral area.



In the following time, Moxi was presiding over the bidding for road construction, as well as contacting the purchase of helicopters and the construction of a small helicopter airport.

Valley Ranch is in a mountainous area, and it has a very safe Bell 206 helicopter, a civilian model... including tax, a Bell 206 civilian model, brand new, costs more than one million. But you need to apply for a pilot's license, and various

Messy expenses...

They bought two Bell 206 helicopters and built a hangar, which cost a total of nearly 4 million US dollars.

Then we need to hire drivers and mechanics, a total of 5 people, and the annual cost is almost 600,000 US dollars.

In fact, it is much cheaper than driving a supercar.

Chen Mo began to live the life of an office worker. He went out in the morning to sit in the ranch office and process some documents sent by Moxi.

Ellie watches the futures at home every day and has begun to cash out gradually.

Ellie's prediction was accurate. The day after the Fed announced the reduction, the price of gold fell below 1,400 US dollars. After that, it fell and rose. The overall decline was a decline, but there was no fear of diving anymore.

"This is how fast money is spent..." In the office, Chen Mo checked his personal account and found that there were only a few hundred thousand US dollars left in the account. In the other financial account, the interest settled by the bank every day only had more than 200,000 US dollars left in it.

, or the interest rate I called Chen Mo this morning.

In the pasture account, several roads need to be built with a total length of 35 kilometers, and there is less than 3 million left in the pasture account.

You have to prepare to cash out. The price of gold has now reached around 1,365 US dollars, which is a normal high price. As Chen Mo knows, Bai Xiaoou is already cashing out...

Going downstairs and driving the convertible Rolls-Royce home, Father Chen and Uncle Zhang were still picking walnuts in the walnut orchard, and then pressing the oil to save money for their own house.

These two old men were miserable, being kept submissive by women at home.

My mother and Zhang Xia's mother were peeling walnuts in the utility room...

"Ellie..." Chen Mo shouted twice from downstairs and went upstairs. The two women were wearing headphones and having a great time playing games in the study.

"Ai Li." Chen Mo went over and turned off Ai Li's earphones: "The gold futures should be cashed out. I'm here to wait for the money."

"Okay. You can close the position yourself, less than 500 lots at a time, use random numbers, take your time, and don't let the gold price rebound."

There are 156,700 short orders. To close the position is to buy back the originally sold orders. If the 156,700 orders are closed at once, the price of gold can be increased by dozens of points...

Chen Mo took the tablet placed next to Ellie and started to buy orders one after another. He glanced at Ellie and Chen Xiao from time to time. The two of them were playing PlayerUnknown's Battlegrounds, lying in the grass next to the poison circle...

"Xiaoxiao, there is someone outside the poison circle 100 meters behind you, do you see it?" Ellie didn't wear my myopia glasses, and her eyes almost touched the monitor.

"I've seen him a long time ago. Don't shoot. Just wait a little longer and wait for him to come by himself...hehehe...goose goose..." Chen Xiao said with a smile: "He hasn't seen us yet. I count.

To 3, beat him together... 1, 2, 3..."

Chen Xiao’s marksmanship is good.

Ellie's marksmanship is really bad. She couldn't press the gun and she took an AK. She raised the gun tip to the sky and even snatched a person's head.

"Hahaha... My head, hurry up, make up for him. He also has teammates, let's hide quickly..." The two women played on the island rainforest map. They hit people and ran away. It was so exciting. They ran into the next one.

On the edge of a poisonous circle, find a haystack and lie down in it...

Chen Mo felt dizzy for a while. If he met such an opponent while playing a game, he would be so angry that he would smash the keyboard. It would really hurt...

"Why don't you wear glasses? The glasses are too close to the screen..."

"Oh, I forgot, go get it for me."

Chen Mo smiled and shook his head. He went back to the house and got Ellie my myopia glasses. He looked at his account and saw that 500 lots had been closed. He continued to buy and close the position, 365 lots...


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