PS: There was a typo in the previous chapter. Cesar and his team initially decided to invest $100,000, but it ended up being $300,000. VIP chapters are difficult to change, so I would like to make a special statement here.
Although Cesar and his four teammates had sensed that a hidden undercurrent could strike at any time, they really did not expect that Mr. Smith would actually give the order to short sell at this time.
Although they did not expect it, they still carried out the order very faithfully. When the international gold price just crossed the mark of 842 US dollars per ounce, they started to short.
However, in such a crazy rising market, it is not so easy to open a short position. When they controlled more than 20 accounts and finally spent more than half an hour to fill the short position, there were less than five minutes left until the morning market closed.
138 million US dollars, with a margin leverage ratio of 1:100, can control a full 13.8 billion US dollars of funds. However, before such a crazy bull market, this 13.8 billion US dollars was just a splash and disappeared.
The $13.8 billion of funds were fully shorted at the price of $842 per ounce. After deducting the spread, a total of 164,000 lots of London gold were shorted. What frightened Cesar and others was that just after they opened the position, the international gold price had risen wildly to $852 per ounce.
In other words, just after they completed their positions, Mr. Smith behind them had already lost a full $164 million.
Fortunately, I didn't follow him and short sell, otherwise I would have to lose all the profits from the previous twenty days! This was almost the common feeling of the five people.
Then, under the terrified gaze of Cesar and others, eleven-thirty in the morning of January 21 arrived, and the London gold market closed.
"Why?" As soon as the market closed, Cesar stood up and asked Yang Jing in confusion.
"Why?" Yang Jing looked up at Cesar with a smile in his eyes, and then said to Brad Jones beside him: "Mr. Jones, there is still a full 1.5 billion US dollars in the operating account. I need you to transfer these funds to the accounts of those offshore companies and finally concentrate them all in this account. Mr. Jones, please do it nicely. I don't want anyone to be able to find out the final destination of this money. I don't want this money to expose the existence of the Dragon Fund."
This Mr. Brad Jones is the accountant that Mike Aller specially found from the British Virgin Islands. He is responsible for transferring the final profit funds for Yang Jing and others.
Transferring funds is a nicer way of saying it. To put it more accurately, it is money laundering...
For this, Yang Jing needs to pay Brad Jones a commission of 10 million US dollars. But this guy is worth the price. In the gray economic area, Brad Jones is definitely a master with little fame but extremely high skills. Only a very small number of people know of his existence.
Mike Aller is a good friend of Brad Jones. The two are even from the same hometown in Louisiana and classmates at MIT. That's why Mike Aller was able to invite him to help Yang Jing manage the profit funds.
"Don't worry, Mr. Smith. This is what I am best at. I guarantee that even if all the banks in Switzerland go bankrupt, no one will be able to track down the final account of the funds that have been transferred through my hands."
"Then I'll leave it to you. Just do it boldly without any pressure." Yang Jing patted the old accountant who was over 50 years old, then turned and walked towards Cesar and the others.
Seeing Mr. Smith coming over, Cesar asked, "Sir, why are you shorting now? You should know that because of your order just now, you have lost $164 million in half an hour."
Yang Jing smiled faintly and said, "Mr. Cook and everyone else, you have done a very good job in the past twenty days." Although the answer was irrelevant to the question, several people remained silent, quietly waiting for Mr. Smith's explanation.
"However, a top trader should not only stay at the operational level, he should have a sharper vision and market sense, and most importantly, he should know how to make choices. Only by mastering these two points can he truly stand in an invincible position."
Yang Jing's words stunned the five people on the opposite side for a moment, and then they all nodded thoughtfully.
After a long while, Cesar finally looked up and asked, "Sir, do you mean this trend has come to an end?"
Yang Jing nodded slightly and said, "In the end, it's just one aspect. You are all experts, and you should know at least the basic knowledge that gold spot can be operated in both directions, but our operation this time is quite extreme, because I have grasped the pulse of this market. Yes, if we talk about the rising trend, this wave of rising market should have come to an end. The crazy rise in the past few days, especially the irresponsible words said by the useless US Treasury Secretary last week, has seriously stimulated the market and also seriously hurt the US dollar. So think about it, what will Americans do in this situation?"
After a pause, Yang Jing stretched out a finger and said, "In the great and mysterious China, there is a saying that has been passed down for thousands of years, called 'Everything will turn into its opposite when it reaches its extreme'. Now, the entire international gold market is in this extreme state."
"Black Chicken Bifa?" Cesar muttered, but the words almost made Yang Jing spit.
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