It must be said that Cesar Cook's analysis is very reasonable. If Yang Jing had not studied the gold market during this period, he might have been persuaded by Cook's analysis.
Unfortunately, Mr. Cook is not a time traveler, so he naturally has no idea what the London gold market and the global international gold prices will experience starting from tomorrow.
However, before traveling to this era, Yang Jing had done a lot of research on the magnificent gold market of this era for his plan to make a fortune. So he knew very well that starting from tomorrow, the global international gold price would face an incredible market situation.
Yang Jing said: "Mr. Cook, your analysis is excellent, but I think some of your ideas are still wrong. Yes, before the Iranian hostage crisis, the price of gold only rose to $420 per ounce. As a result, once the hostage crisis broke out, the price of gold directly exceeded $500 per ounce in just over a month. Although it seems that the market has released enough panic, don't forget that this hostage crisis directly shows that the relationship between Iran and the United States under the new regime has begun to deteriorate. This is not a panic that can be completely released by a mere increase of $80 per ounce."
"Also, why did the Soviet Union invade Afghanistan? Have you ever thought about this, Mr. Cook? If it was just the Iranian hostage crisis, it would be easier to deal with, but the Soviet Union suddenly invaded Afghanistan at this time, which immediately added fuel to the already tense geopolitical issues in Central Asia, and will definitely exacerbate the unstable expectations of international geopolitics! Mr. Cook, not only did the price of gold rise a little crazy last year, but the price of oil also rose from $15 per barrel at the beginning of the year to $29 per barrel now, and it is about to break through the psychological barrier of $30 per barrel! Therefore, driven by this series of geopolitical crises and the hyperinflation caused by the surge in oil prices caused by the Iranian revolution, the price of gold will definitely rise again this year!"
Yang Jing looked at Mr. Cook and his team members who seemed to be thinking deeply, and continued to strike while the iron was hot: "Mr. Cook, as a financial person, do you know what is the most feared thing in the financial and investment markets?"
Cook raised his head and said without hesitation: "It's panic! Panic of investors and the public!"
"Yes, it is panic! Think about it, Mr. Cook. Have the three major events that broke out in the Middle East this year caused panic among investors and even ordinary people? Why has the price of gold risen so wildly? Why has the price of oil risen so wildly? It is because those investors and even ordinary people are worried about the international political, economic and financial crises, so they are rushing to buy gold! The sharp rise in the international gold price just proves the widespread panic among people now! In my opinion, this panic is far from being completely released. On the contrary, this panic has become more intense because of the Soviet invasion of Afghanistan on December 27. Therefore, I think the international gold price will continue to rise after the London gold market opens tomorrow!"
After a pause, Yang Jing continued: "Some time ago, the central banks of some major countries, including the United States, sold their gold reserves in order to suppress the price of gold, but what was the result? Anyway, I didn't see any inhibitory effect of these sales on the rise in gold prices. And I judge that the central banks of major countries will continue to use the method of selling gold reserves to suppress gold prices this year, but I think this move will not have any effect at all, because people's panic psychology has already formed. And once this panic psychology is formed, it is difficult to eliminate this panic psychology simply by relying on the behavior of the central bank selling gold reserves, unless..."
Cook added thoughtfully: "Unless some big shot publicly announces the use of tough measures to suppress the price of gold, it will be possible to dispel people's panic!"
"Bingo!" Yang Jing snapped his fingers. "Until some big shot comes out and makes a strong statement, this panic will not be dispelled. And do you think those international hot money and speculators will miss such a good opportunity? For example, I..."
Looking at the faint smile on Mr. Smith's face, Mr. Cook and his friends couldn't help but shudder.
Several people looked at each other and understood the meaning of each other's eyes - OK, they are the rich people, they are one of the few powerful people who are qualified to guide and control the huge market. We are just workers, we should work honestly, the world of such people is not something we can dare to meddle in...
Maybe, this mere fund of less than 30 million US dollars is just a bait in the open...
It is better to just follow the instructions. This kind of thing is not something that small shrimps like us can get involved in. If we get too involved, if someone investigates us, we won't be able to explain ourselves, right? It is better to just follow the instructions. Even if someone investigates us, it has nothing to do with us.
Mr. Cook figured out all these things almost instantly. He swallowed hard and said, "Mr. Smith, we will follow your instructions completely. But can you reveal a little information? According to your analysis, how long will this trend last? Where will the peak be?"
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