Yang Jing's words made all the members of Cesar Cook's team feel a chill in their hearts.
They had operated funds worth hundreds of millions of dollars, and funds worth tens of millions of dollars were commonplace for them. But the 27 million dollars was all in cash, which was incredible.
In developed Western countries, cash is rarely used in serious business. But once cash is used, especially tens of millions of dollars, it often means a lot of things that cannot be known. Not to mention that Mr. Smith is so sure to go long directly, which explains something more.
Cesar Cook looked at Mike Aller and clearly saw Mike Aller nodding without disguising. It was obvious that this senior accountant who had once been indebted to him trusted the somewhat mysterious Mr. Smith very much.
After thinking for a while, Cesar Cook said, "Mr. Smith, I understand what you mean. We can operate completely according to your instructions. As a professional team, we can still do this, so you don't have to worry that we will violate your orders during the operation. However, for the sake of your investment, I still think it seems a bit inappropriate for you to go long this time."
Hearing Cesar's words, Yang Jing showed a satisfied look on his face. This time, Yang Jing had spent so much effort to set up such a business, and he didn't want his plan to fail because the hired traders were disobedient. If they still insisted on operating it themselves, Yang Jing would rather not hire another group of people to operate it.
European traders cannot be hired due to time constraints, but there are still traders locally in Georgetown.
As for exposing my identity, that's just a joke. Unless there really is a God in this world, as long as I want to leave, no one in this world will be able to find me.
I just lost an opportunity to make a lot of money, but there is absolutely no problem with my personal safety.
But now it seems that this small team is quite professional, which makes Yang Jing feel more at ease. However, Mr. Cook obviously does not agree with his idea of going long on London gold. If he wants this team to really listen to his command, he must first convince the boss of this team.
Touching his chin with a wry smile, Yang Jing asked, "So what does Mr. Cook think of the market after the market opens tomorrow?"
"Mr. Smith, perhaps you don't know that my team and I made a profit of 280% in the London gold market last year, that is, in 1979. So I think we have a deep understanding of the London gold market. The international gold price has risen from $250 per ounce at the beginning of 1979 to $512 per ounce at the close of the day before yesterday. It only took one year for it to turn around! This is a very abnormal performance, so my team members and I believe that it is best to stay put during this period of time at the beginning of this year and observe the market situation before deciding whether to go long or short. This is a safer approach."
Yang Jing nodded slightly, and then suddenly asked: "Mr. Cook, I want to ask you a question. What do you think the fluctuation of international gold prices is related to?"
Cesar Cook, who was a calm man, couldn't help but laugh at Yang Jing's question. As a successful trader, he was naturally very clear about the main reasons that affect the international gold price. So he shrugged and said with a smile: "The trend of the US dollar, changes in interest rates of major global currencies, gold selling activities of central banks of various countries, financial crises, political turmoil and wars, sudden terrorist attacks, producers' hedging increases and decreases, international oil prices and basic supply and demand, all these reasons can affect the fluctuation of international gold prices."
After a pause, Cesar Cook continued, "Last year, the gold price and international oil price, which had been dormant for more than a decade, suddenly experienced drastic fluctuations. This was undoubtedly directly related to the Iranian Revolution at the beginning of last year. It was a very drastic and sensitive political turmoil! You should know that Iran and its surrounding areas contain more than 70% of the world's proven geological reserves of petroleum resources. Therefore, the changes in Iran's national political situation and the resulting geopolitical instability in the Middle East will definitely cause the world to worry about the stability of oil supply and the resulting surge in oil prices, which will intensify inflation and endanger the stable development of the world economy and finance. Under this influence, it is not surprising that the gold price rose so drastically last year."
Yang Jing also smiled and said, "Yes, Mr. Cook, you are quite right, but have you forgotten the hostage crisis that occurred on November 4 last year?"
Cook said, "No, sir, I haven't forgotten. Two major events happened in Iran last year. If the revolutionary movement at the beginning of the year was just an internal affair of Iran, then the hostage crisis on November 4th directly involved the United States. In comparison, the severity of this hostage crisis is far greater than the revolutionary movement at the beginning of the year. However, before the hostage crisis, it took ten months for the international gold price to rise from $250/ounce to $420/ounce. But after the hostage crisis, the international gold price broke through $500/ounce in less than two months. When the London gold market closed the day before yesterday, it was at $420/ounce. Gold prices have reached an all-time high of $512 per ounce. What does this mean? It means that the market has fully released the panic caused by the hostage crisis. After four days of market closure, I think the market panic is not that serious anymore, and the international gold price cannot be maintained at such a high price. The most important thing is that the strong international gold price and the surge in oil prices have triggered a series of chain reactions. Central banks of various countries should take corresponding measures to suppress the international gold price after the market opens tomorrow, in order to reduce the rapid rise in oil prices. So, Mr. Smith, I suggest that you should observe for a few days after the market opens tomorrow before making a decision. "
This chapter is not over yet, please click on the next page to continue reading!
Continue read on readnovelmtl.com
