"Speaking of the international gold price, there is a trend of reaching the top this month, and we should adjust our strategy from long to short." Fang Hong turned to talk about this matter, and immediately told Tian Jiayi: "Notify me, and we will start doing it at the end of the month.
Long-short conversion adjustment.”
Tian Jiayi nodded.
Commodities such as gold are naturally an important investment product of Qunxing Capital, which has been long for more than a year.
However, after entering September, gold cooled down and began to enter a long-term downward trend lasting four to five years, nearly halving. It did not stop falling until it reached a bearish price of around US$1,000 per ounce in early 2016.
There are many factors for the subsequent bearish trend of gold prices. Commodities represented by crude oil have not yet gotten rid of the downward trend, which has dragged down the rise of gold prices. Star Capital has long been bearish on crude oil.
Judging from the economic data released by the world's three major economies, North America, Greater China and Europe, the signs of economic growth slowdown caused by crude oil inventories are very obvious.
The same employment problem also plagues North America, the world's largest economy.
The slowdown in global economic growth will inevitably lead to a weakening of demand for commodities, and the inherent commodity attributes of gold and silver will have an adverse impact on price trends.
After the end of the Federal Reserve's quantitative easing policy, monetary policy is unsustainable. Compared with emerging economies that are plagued by inflation, inflation in the United States is not obvious, causing global funds to continue to flow to the European and American markets. The demand for gold prices mainly comes from
Emerging markets, therefore the fall in commodity prices and the flow of funds indicate that it is difficult for gold and silver to form a new round of upward trend.
In addition, another factor is that after the Greek debt crisis was suspended, the euro was able to suspend its decline, which in turn eased the market's risk aversion and gold prices will naturally fall.
Generally speaking, the weakness of the North American economy, the outbreak of the European debt crisis, the high-inflation international economic situation, the potential crisis of geopolitical politics and the strong physical demand are conducive to promoting the rise of gold prices. However, the decline in commodity prices and global capital flows are currently
Rising U.S. bond yields and uncertainty about the monetary policies of major central banks will drive the price of gold down.
The current gold price has risen to more than 1,600 US dollars per ounce. After another price increase of more than 200 US dollars this month, the price has been pushed up to 1,900 US dollars per ounce, which is the peak of the gold market.
The peak of gold prices also coincides with the arrival of the U.S. dollar index appreciation cycle. In most cases, the trends of international gold prices and the U.S. dollar index are seesaws of each other. When the U.S. dollar appreciates, gold falls, and when the U.S. dollar depreciates, gold rises.
In other words, Star Capital will also turn long in the U.S. dollar in the foreign exchange market.
…
"Father, I received news from Fang Hong today. He asked all important immediate family members of the Hua family who are abroad to return home as soon as possible within a week." Hua Yu was sitting with his father Hua Yongming in the Hua family villa.
We talked about this together.
Hua Yu was not only surprised, but even a little shocked when he received the news. He did not dare to neglect this matter. Before he came back to see his father, he had already contacted his wife who was really abroad and asked her to return home quickly with her children.
Hua Yongming was shocked when he heard the news, and immediately asked: "Have you informed your elder brother?"
Hearing this, Hua Yu replied: "Not yet, you have to tell him about this."
Hua Yongming nodded and asked: "What does Fang Hong want to do?"
Hua Yu immediately shook his head: "I don't know, he has given me such a notice so far, but something big must have happened, and maybe he will know about it soon."
After hearing this, Hua Yongming paused for a moment and said slowly: "Then do as he said. Star Capital has grown to a scale that neither you nor I have imagined. It has only been a few years.
It has already expanded to two trillion in assets and is still on the rise.”
Having said this, Hua Yongming thought about it and said: "My Hua family owns 10% of Qunxing Capital. Counting your nearly 1 percentage point, the total is 11%, with a net worth of more than 200 billion. This cake
It’s not easy to take.”
Hua Yongming sighed and then continued: "Fang Hong is hiding behind, but our family is at the front to attract firepower."
Both parties are very aware of this, and it can be regarded as a tacit exchange reached by both parties. Huajia openly attracts the firepower and bears the risks, and in return shares 10% of the cake of Qunxing Capital.
There is no doubt that Hua Yongming does not doubt that betting on Fang Hong was a wrong choice, and he has now begun to taste the sweetness of it.
If nothing else, let’s just say that the current real estate industry is sluggish, but Huayang Group is not affected at all. Instead, it is expanding aggressively, and it seems that it will surpass Wanji and become the largest real estate giant in the country.
Because on the surface, everyone believes that Qunxing Capital was born out of the Huayang Group, and has expanded to today's scale in just two or three years. It has become Huajia's main business, and its scale has long been the number of its real estate business.
Times as big.
The intangible value in this is unimaginable. A typical example is that Huayang Group needs financing for a real estate project. A lot of people in the market are crowded and give away money because everyone firmly believes that Huayang Group cannot afford to pay back the money.
, look at how rich Qunxing Capital is next door.
As for why Qunxing Capital is so rich and Huayang Group still needs to raise funds from the market, it is not surprising to people in the financial circle. It is simply understood as leverage.
Or to put it another way, if you can use other people's money, try to use other people's money first. This is also what other employers want to see. Only in this way can they make money and get a share of the pie.
But at this moment, Hua Yongming immediately ordered: "After returning to China this time, do not go abroad again in the future."
Hua Yu nodded immediately. After a while, he looked at Hua Yongming and asked: "Father, what about some of our overseas funds..."
It is worth mentioning that Hua Yu and his family had already started their business before betting on Fang Hong, and there were some problems. Otherwise, it would have been difficult for their family to get off the ground, given the circumstances at that time.
Although the subsequent "transformation" was very successful, now even those loan sharking businesses that were in the gray zone have been completely cut out.
But this is also a crux in Hua Yongming's mind. Before he met Fang Hong five years ago, Hua Yongming had already arranged for some assets to go abroad to prepare for the worst.
It can be regarded as a cover-up operation of the old fox. After all, don't be afraid of ten thousand, just be afraid of the worst.
In fact, it's not much from today's perspective. Even if it invested hundreds of millions of dollars in assets at UBS, although the Huayang Group before meeting Fang Hong was also very powerful, it only had more than 30 billion in assets. According to that time
The exchange rate is only 5 to 6 billion US dollars, and now Huayang Group has assets of more than 200 billion just by holding the 10% equity of Qunxing Capital.
At this time, Hua Yongming said in a deep voice: "Don't worry about it and don't touch it. It's just a few hundred million dollars. Just pretend it doesn't exist. Don't try to transfer the assets out in the future. Fang Hong may have another intention for this move."
Hua Yu couldn't help but look at his father, and Hua Yongming said slowly: "Stand in line."
