Seeing the international gold price soar from $512 per ounce to nearly $850 per ounce in just twenty days, to be honest, Cesar and the others felt that something was wrong.
At present, the international gold price involves too many aspects. Apart from other things, the international gold price is so strong that the long-time strong U.S. dollar immediately weakens. Will Americans sit back and watch their own currency weaken further and further?
Just as the international gold price was frantically breaking through the high of 850, the mysterious Mr. Smith said: "Mr. Cook, start clearing the positions at the price of 833 US dollars per ounce this morning! All the London gold in our hands must be cleared before the close of the market this morning!"
Over the past twenty days, the mysterious Mr. Smith seldom spoke, but now he suddenly spoke. Cesar and his team members all breathed a sigh of relief.
"Is there really going to be a big shot stepping out to end this crazy market?" Cesar recalled the argument with Mr. Smith on New Year's Day.
“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!”
These are the words I said myself that day!
No matter what Cesar thought, under his command, the four men under his command, including himself, began to slowly clear the stockpile.
The instruction given by Yang Jing was a clearance price of US$833 per ounce. At this price, the value of the 52,000 lots of London gold in Yang Jing's hands had reached US$4.33 billion!
However, faced with such a crazy market, faced with a huge bull market, faced with a daily trading volume of more than 1.6 trillion US dollars, these gold worth 4.33 billion US dollars were immediately swallowed up without a trace as soon as they were sold. In just a few minutes, all 52,000 lots of London gold were liquidated!
Of course, when operating Yang Jing's London gold, Cesar and others did not forget to sell out all the London gold they had on hand.
Just when Cesar and his friends had cleared all their positions and were happily preparing to calculate the returns from this investment, the mysterious Mr. Smith issued another order.
"Mr. Cook, please continue to hold a full short position at the price of $842 per ounce with a leverage ratio of 1:100! The operating funds for your position this time are $138 million!"
"Short?" Cesar was shocked by the order. Seeing that the gold price was about to break through $850/ounce, and the increase was so drastic, shorting at this time...
However, when Cesar saw Mr. Smith's half-smile, his heart skipped a beat and he immediately ordered to start shorting...
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