The mysterious Mr. Smith had been gone for more than twenty days. Although Cesar and the others had vowed that they were fine when he left, when this usually taciturn boss was no longer around, they felt as if they had really lost their backbone.
What surprised them most was that the trend of London gold was exactly as Mr. Smith had predicted. It had been falling all the way over the past twenty days and was now about to fall to the clearance price of $700 per ounce that he had mentioned.
Just now, when they were still discussing whether to clear the inventory tomorrow or the day after tomorrow, the mysterious boss who had been gone for more than 20 days suddenly reappeared without a word.
"Oh my god! My dear boss, you are finally back!" Seeing Yang Jing looking exhausted, Mike Aller gave him a warm hug, and Cesar and the others also rushed up and surrounded Yang Jing.
Although Mr. Smith had been away from them for more than twenty days, during the previous twenty days of living together, they had unknowingly regarded Mr. Smith, the incarnation of Yang Jing, as their backbone and their leader.
Yang Jing was in a very happy mood when he saw them. After hugging everyone one by one, he sat down at the dinner table at the invitation of everyone.
"Mr. Smith..." As soon as Cesar opened his mouth, Yang Jing interrupted him with a smile.
"Cole, just call me Cole." This was the first time that Yang Jing said his name in front of them, which made everyone very excited.
"Okay, Cole, although I shouldn't ask this question, I still want to ask, did you bring any gifts for us when you went out this time?" Cesar's words made everyone laugh.
"Haha, how could I forget you?" Yang Jing said as he took out a number of small things from his backpack. They were all handicrafts he bought when he was strolling around the streets and alleys of Yanjing. They were full of rich Chinese flavor.
"Wow, so beautiful!" Emily, the freckled beauty, took a piece of Suzhou embroidery and her face was full of joy.
Albert, who had been relatively silent, got a cute big Afu, which made the young man with a black frame and a beard very happy.
Everyone, including Mike Aller, received a small gift. Although it was not a very expensive gift, everyone was very happy.
After everyone poured Yang Jing a few glasses of red wine, Yang Jing asked while eating steak: "Cesar, how low has the London gold fallen?"
Hearing Yang Jing talking about this, Cesar excitedly gave Yang Jing a thumbs up, "Cole, I have to say you are amazing! Your judgment is even more accurate than God! My God, since you left that day, the London gold has started to fall all the way. It has been falling for more than 20 days, and it is about to fall to the price of 700 that you told me before you left. Before you came just now, I was discussing with them whether to clear the warehouse tomorrow or the day after tomorrow."
After Yang Jing swallowed the steak in his mouth, he said, "The day after tomorrow! That is February 22, the last trading day of this week. The price of gold will definitely fall below 700. So, the day after tomorrow is the day we clear our positions."
Seeing Yang Jing speak so confidently, several people showed excited smiles on their faces.
And the fact is just as Yang Jing said. After the trading day on Thursday, the last trading day of the week arrived.
On this day, February 22, the price of London gold bravely fell towards 700 US dollars per ounce from the opening, and judging by the momentum, it seemed that it would not stop until it fell below 700.
Under Yang Jing's order, Cesar and the other five had made preparations early on, and began to gradually close their positions from 702, and then it took a full hour and a half to clear out all the London gold in their hands. Thanks to their precise calculations and excellent operation level, Yang Jing's short position of 164,000 lots of London gold, the final average price of the liquidation was just stuck at the price of 700 US dollars per ounce.
When all the stocks were cleared out, Cesar and the others cheered excitedly.
Under Yang Jing's command, they completed a perfect investment in less than two months that they had never dared to think of before. The huge profits they made really made them feel like they were in a dream.
Of course, they also admired the mysterious Mr. Cole Smith, the supreme commander of this investment operation.
He entered the market on January 2 and carried out long operations, using a life-threatening maximum leverage of 27 million US dollars to control 2.7 billion US dollars of funds. These funds were fully bought at a price of 518 US dollars per ounce, and a total of 52,000 lots of London gold were bought, or 5.2 million ounces of London gold.
Twenty days later, on January 22, he sold all his stocks at $833.5 per ounce. After deducting the relevant spread, he made a net profit of $315 per ounce. In other words, in just these twenty days, Mr. Smith turned the $27 million into $1.638 billion, a profit of 6,060 percent! That is, a net profit of nearly 61 times!
That’s not all. After transferring out $1.5 billion, the remaining $138 million was used to short. The margin leverage was used again to short at $842/ounce with $13.8 billion. After deducting the spread, a total of 164,000 lots of London gold were shorted. Then, today, February 22, when London gold fell all the way to $700/ounce, the positions were closed. This wave of shorting brought a direct profit of $142/ounce! The net profit of 164,000 lots of London gold was as high as $2.328 billion!
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