If Yang Jing follows the normal operation method, he should first operate with a lower leverage ratio, and at the same time keep at least 10 million US dollars in reserve funds in hand, so that he can make up for the position in time in case of fluctuations in gold prices. If he does not have the funds to make up for the position, then the position will be forced to close immediately, and he will end up losing all his money.
But how could Yang Jing, who was familiar with the performance of gold prices over the past month, miss such a good opportunity? Therefore, under his tough attitude, Cesar Cook could only helplessly follow Yang Jing's orders.
Even so, Cesar was still nervous. If anything went wrong, Cesar would not be able to control Yang Jing's jumping off the building, and he did not want to control it. But this trip would be in vain...
But what surprised Cesar and his team members was that the price of gold had been rising since the market opened, and after the gold pricing ended at 10:30, the price of gold was still rising strongly!
The fact that central banks sold off their gold reserves did not help to stabilize the price of gold, but instead fueled the madness of the bulls. Until the market closed at 11:30 am, the gold price remained firmly at a high of $543 per ounce.
During this period, the price index line of London gold did not fluctuate at all, let alone fall. It was a straight line that stretched from 512 to 543, as straight as the line of an airplane in the sky...
If Yang Jing ordered to sell off all the gold in his hands at this time, and calculated the profit at US$25 per ounce, then in just two hours, Yang Jing would have made a net profit of US$130 million!
However, Yang Jing obviously would not sell the gold at this time. It only increased a little bit today, and it is still far from Yang Jing's expected target!
You don't know until you calculate it, and you'll be shocked! This result made Cesar Cook and his team members unable to recover for the whole afternoon. They looked at Yang Jing as if they had seen a ghost!
The gold price did not fluctuate much in the afternoon. It rose slightly at the close of the market. Finally, after the close of the market, the gold price stood firmly above the high of $548 per ounce.
Even at this price, the net profit per ounce is more than $30. The profit in four hours a day is more than $150 million!
Seeing that the market was closing, Yang Jing said with a smile: "Ask Mr. Ale to prepare a big dinner tonight, and we can celebrate first." After saying this, Yang Jing walked leisurely towards his room.
Cesar Cook and his team members were all shocked and regretful when they saw Mr. Smith leave so casually.
The trend of gold prices today undoubtedly brought a strong shock to the five of them, especially Cesar, who had been working in the international gold market for more than ten years, but had never seen such a strange but precise operation. Not to mention seeing it, he had never even heard of it.
Full position, highest ratio, and even when the profit is as high as US$30/ounce, he remains unmoved and still insists on full position.
"Oh my god! What is he going to do?" Several people looked at each other and noticed the shock in each other's eyes.
Compared to such sharp operations and such a calm attitude, Cesar Cook and others were more regretful.
With the permission of Mr. Smith, Cesar Cook discussed with his teammates last night and each of them invested $300,000. However, they had limited money on hand, and it was all earned through hard work, so they were still very careful with their funds.
As a result, this caution was not a big deal. Not only did they fail to use the highest leverage ratio to build a position at the lowest price, but they also watched the price of gold rise all the way. By the time they built a position at $535 using a ratio of 1:20, their final profit for the day was only $13 per ounce.
Compared to the bold and ruthless Mr. Smith, they are far inferior.
The blond young man Hank Cross whispered, "Boss, how about we clear our positions tomorrow and then build up a full position like Mr. Smith?"
Emily Ballmer, a beautiful girl with freckles, also said, "Boss, I think Hank's suggestion is a good one. I think Mr. Smith must be fully confident in doing this. Who knows if he got any inside information? I think as long as we follow him, we will also gain a lot this time."
Cesar Cook didn't say anything, but looked at Albert with a full beard.
Albert, who had a beard and black-framed glasses, shrugged his shoulders and said, "Boss, don't look at me, we all listen to you. But what I want to say is that we witnessed a miracle today. Under Mr. Smith's order, we also became the creators of this miracle. My God, $27 million in principal, full position, maximum leverage ratio, and then a profit of $150 million in just four hours, a net return rate of 555%! Boss, I really can't think of a reason why we shouldn't follow Mr. Smith's footsteps! I don't think we can give up this opportunity."
Finally, a young man with an ordinary appearance nodded and said, "Boss, that's what I mean. Mr. Smith dared to take 27 million US dollars to do this. Even if each of us only takes out 100,000 US dollars to follow Mr. Smith, even if we are forced to close our positions, we will not be in any danger. Besides, according to my intuition, I don't think we will mess up this time."
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