Chen Dong transmigrated to 1980s Hong Kong, becoming the right-hand man of Bosco, the head of the Tuen Mun branch of the Hung Mun. He activated the 'Good Deeds Exchange System'.
As an...
The other two families of the New York Mafia naturally wouldn't let this rare opportunity pass them by, and immediately went to seize Maurice's territory.
Previously, there were four Mafia families in New York, who checked and balanced each other, and none of them dared to start a war.
Things are different now; the Mafia is down to just two families.
How can one allow others to sleep soundly on one's own bed?
The two mafia families began a six-month-long struggle.
This has nothing to do with Shen Dong.
For two consecutive days, Shen Dong accompanied Li Xinxin and Qiu Ti shopping, buying a whole basket of clothes.
At nine o'clock on Monday morning, Shen Dong and his team entered VIP Room No. 1 of the New York Gold Futures Exchange.
As soon as the market opened, the price of gold shot straight up like a rocket.
The price jumped from $872.1 per ounce at the opening to $895.6, and investors went crazy.
Song Zihao frowned and said, "Brother Dong, someone is trying to mess with us."
To push the price of gold so sharply and so high, even if everyone is bullish on gold, it would still require at least 80 billion US dollars.
It's simply impossible for ordinary retail investors; only financial tycoons can do it.
It's obvious that someone wants to snipe them.
Shen Dong took a sip of coffee and said with a smile, "They've taken the bait. Let them do their thing. We'll make our move when it reaches above $930 and raise the short-selling price above $900."
In the past two days, Shen Dong has purchased gold futures contracts worth 20 billion US dollars from Merrill Lynch.
This time, however, Merrill Lynch only agreed to give Shen Dong a leverage ratio of five times.
The reason is that Shen Dong's gamble was too risky, and Merrill Lynch Group was unwilling to take such a big risk.
Having no other option, Shen Dong deposited four billion US dollars into the account as a security deposit.
Fortunately, he had just received $700 million from Morris.
Otherwise, Song Zihao would run into problems with the transfer of four billion US dollars.
At 11:00 AM, the price of gold broke through three major levels in succession: $900, $910, and $920, and surged toward $930.
Things have developed to this point that even a novice would know that someone is going long on gold, targeting the big short seller from last Friday.
VIP Room No. 8
Ronald has been closely following this gold price war.
For two consecutive hours, Shen Dong remained motionless, while the other side engaged in frequent long-term trading, investing at least 120 billion US dollars.
Even with a leverage ratio of 20, it would still require six billion US dollars.
What exactly is that young man from Hong Kong Island named Shen Dong up to?
Why haven't you made a move yet?
William shared the same doubts as Ronald.
Since most of the funding comes from Wall Street investment banks, William arrived in New York yesterday.
At this moment, he was in VIP room number three, less than twenty meters away from Chen Dong.
“George, don’t you think something’s wrong?” William asked.
George also looked puzzled and said, "Something is definitely not right. Why hasn't that young man from Hong Kong made a move yet? Is he out of money?"
William thought for a moment and said, "That's unlikely. He's made a lot of money in the stock market, and he should have at least a billion dollars left."
It must be said that William and his group are indeed incredibly resourceful; they discovered Shen Dong's identity long ago.
They simply didn't know how much money Shen Dong had made during the stock market crash, nor how much money he still had.
George said, "We've successfully gotten retail investors to follow suit, and many institutions also want to jump on the bandwagon. Even if Shen Dong had three billion US dollars, let alone a billion, we could still make him liquidate his entire account."
William nodded and said, "Merrill Lynch should already know that Shen Dong's opponent is us. To avoid risks, they will give Shen Dong a maximum of five times leverage. We should be able to win this round."
Just then, the market moved and fell by $0.50.
William asked, "What happened?"
Alpha, the trader in charge, said in a deep voice, "It seems someone has placed more than 60,000 short orders at a price of around $935."
William was not surprised but delighted, and laughed, "He can't hold on any longer and wants to raise the average price. Alpha, don't worry about it, just take as much as you can get."
Alpha replied, "Understood."
George said, "This Hong Kong Island guy is fucking rich."
A glint of greed flashed in William's eyes as he said, "In the end, it will all be ours."
It was indeed Shen Dong who placed those 60,000+ short orders.
He did this to lure the other party into taking his order.
The reason for choosing a short position of five billion US dollars was to make the other party feel that they had exhausted all their options and could easily devour them.
Clearly, his plan succeeded.
The five billion dollar order was completely sold out in less than half an hour, and the price not only did not fall, but rose by five dollars, just one step away from nine hundred and forty dollars.
Song Zihao and George both expressed the same sentiment: "These foreigners are really rich."
Shen Dong's eyes flashed, and he said, "If we have twenty times the leverage, we won't be much worse than them."
Song Zihao exclaimed, "Twenty times leverage? They're incredibly audacious. If the market crashes, they'll be finished in an instant."
Shen Dong laughed, "They want to devour me, and I want to devour them too. Ah Hao, are all the major economic weekly magazines ready?"
Song Zihao nodded and said, "It's all ready. As soon as you give the order, they will immediately publish your article on the front page of the newspaper that day."
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