Hong Kong Island, Hong Kong Club, inside the cigar room.
Niu Bijian's expression suddenly changed; he immediately realized something was wrong and was filled with a sense of crisis.
"No! We have to get in and grab some chips right now!"
"James!"
"You idiot! Are you deaf?!"
"I command you! Use all of our reserve funds!"
"That HK$300 million! No! Throw in every penny you can get your hands on!"
"Ten yuan! Eleven yuan! Twelve yuan! I don't care what price you offer!"
"I only want in-stock items! In-stock items! Do you understand?!"
"Get the spot goods back...! Otherwise, once the spot goods run out, our short positions will be wiped out..."
...
Newbijian shouted frantically at James.
Their short positions haven't been closed yet!
Now that exchange rules prohibit the establishment of new long positions, the spot market supply of shares is becoming increasingly crucial.
If they miss the opportunity to close their positions in time, Newbikin and others will face an incredibly terrifying short squeeze.
Meanwhile, Swire and Madden, who were standing nearby, also suddenly woke up and finally understood what was going on.
What exactly does the phrase "spot market depletion" mean to them?
It's no exaggeration to say that this was their death warrant!
"That's right! LeBron James! Buy him now!"
Sir Swire immediately rushed up and shouted.
“We still have the last HK$300 million in reserve funds in our ‘British-owned alliance’ account! Invest it all!”
"Rob! This is war! But this money isn't enough; we have to find more immediately..."
"We must acquire enough shares to close our positions before those spot goods are all bought up!"
"This concerns the life and death of all of us!"
However, faced with the anxious roars of so many British business tycoons, James stood helplessly in place, motionless.
"Preschool..."
James shook his head.
"What the hell are you waiting for? James, go and give the order to buy the spot goods. We need to... we need to close out our positions immediately..."
Newt Griffin was going crazy. In such an emergency, why wasn't that bastard James moving?
"It's too late," James said helplessly.
"What...what did you say?"
"I said..."
James looked up, his eyes devoid of any light.
"It's too late, senior class."
"We...we're too late."
"In the very hour we were popping champagne to celebrate..."
"During that hour of the Hunt brothers' frantic sell-off..."
James pointed desperately to the 24-hour rolling quote machine.
"The price... the price is currently fixed at $10.00, but there's no stock available at all; you can't buy it even if you want to."
Motionless!
That's not the price!
That's a damn tombstone!
Where did this devil come from... to erect these tombstones for us?!
That hour became the most bizarre and insane hour in COMEX history.
James's voice trembled as he said, "That wasn't a trade...that was...a handover! It was...a handover before the massacre of us short sellers!"
...
Let's rewind to an hour or so ago.
COMEX, Trading Floor.
When the Hunt brothers' agent, the one in the red vest, desperately shouted, "10 dollars! In stock, anyone want it?"
The entire market fell silent for a full thirty seconds.
There's no way around it; at a time like this, who would dare touch silver? Let alone spot trading; nobody has the financial resources or the courage.
Moreover, the financial futures market is so ruthless and cruel, especially when your capital reaches a certain size, it is not an easy thing to buy or sell.
Market prices can fluctuate dramatically due to a large influx of capital.
Unlike small retail investors who can simply buy and sell based on price, we don't operate on a purely retail basis.
Even though ten US dollars is a very low price under such circumstances, absolutely no one dares to take it.
But when Lin Huowang's "Second Legion" stormed in and dumped a large amount of cash, the "wall of cash" immediately appeared out of thin air.
The glaring message, "$10.00...BUY! 20,000,000 OZ!", slammed into the faces of all the traders.
The person in the red vest was the first to be stunned.
He looked at his trading terminal, which was considered state-of-the-art in the current technological environment.
His first thought was: "Is the system fucking wrong? Which idiot trader pressed 'buy' instead of 'sell'? And why did they press the wrong 20 million ounces?"
So he tentatively placed another sell order for 5 million ounces at $10.00.
[SOLD] (Sold)
The system replies instantly!
The man in the red vest stopped breathing.
He placed another sell order for 10 million ounces at $10.00.
[SOLD] (Sold)
The red vests have gone mad.
He wasn't scared out of his mind.
Instead... they were ecstatic!
The Hunt brothers had given him the order to sell all his silver holdings and recover his funds in order to avoid complete bankruptcy.
The man in the red vest immediately picked up the phone and dialed, unleashing the most insane roar of his life at his boss, Nelson Hunter, on the other end:
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