Despite the entry of Atlantic Capital, an international hot money giant, into the market with huge amounts of funds, there have not been any major changes to history. For example, the international crude oil price has risen more sharply than in history, or there have been any differences in prices.
In fact, it is the intervention of Atlantic Capital that has made the crude oil futures market more stable. Everything is under the control of funds and is developing in an orderly manner according to the original historical development trend.
This is all thanks to Niamh Wilson's precise control. When Niamh first joined KY Investment Fund, it was only because he was very unhappy at Goldman Sachs, so he was poached by his good friend Henry.
Moreover, when Niamh first joined KY Investment Fund, he only served as a director on the board of directors of the 27 American companies in which KY Investment Fund invested heavily. However, Niamh had been a senior executive of Goldman Sachs, and his own qualities were very strong. Later, Yang Jing asked him to serve as the CEO of KYA Capital, the predecessor of Atlantic Capital, and concurrently as the executive vice president of KY Investment Fund. As a result, he did a very good job.
Later, KY Investment Fund changed the name of KYA Capital to Atlantic Capital, and was responsible for the speculative operation of harvesting the legacy of the former Soviet Union. In that speculative operation that lasted for several years, Niamh did a very good job. He fully understood Yang Jing's orders and secretive style, and made the speculative operation almost perfect, so he was appreciated by Yang Jing.
In this speculative action targeting the global crude oil futures market, Niamh once again displayed the style of reaping the legacy of the former Soviet Union. He divided the massive amount of funds into countless small accounts, used an efficient trading team to control these tens of thousands of accounts, and began to secretly establish long positions in the major global crude oil futures markets.
The international community itself was full of doubts about the Bush administration's preparations to take action against Iraq. Coupled with such huge amounts of funds beginning to slowly support the market, international crude oil prices immediately began to grow slowly.
Because Atlantic Capital's funds are so fragmented, it is almost impossible for market monitors to detect Atlantic Capital's funds. They can only monitor that a large amount of international hot money has begun to flow into the international crude oil futures market, but no one can find out the specific source of the funds.
It’s all caused by international hot money!
As a result, a large number of long contracts began to appear in the international crude oil futures market, gradually starting to heat up the market. Coupled with the fact that the Bush administration really took action against Iraq, the international oil price surged to $30 a barrel and never looked back!
However, this speculation on international crude oil prices is a long process that will last for more than ten years. Although the final returns are amazing, it requires patience.
The same applies to speculative activities targeting the international gold market.
In fact, the trend of international gold prices is almost the same as that of international crude oil.
After experiencing the ups and downs of the black swan market in 1980, the international gold market entered a bear market that lasted for more than two decades. Although the gold price once broke through the $400 ounce mark due to the global stock market crash in 1987 and the first Gulf War, it soon fell back and fell to a low of $256.4 ounce on June 4, 1999.
The continuous decline in gold prices made banks in many countries a little unbearable. So on September 27, 1999, in order to prevent the gold price from falling further, the European Central Bank and 14 European countries signed the Central Bank Gold Agreement, also known as the "Washington Agreement". The agreement decided to sell gold in five years, not exceeding 400 tons per year. Five years later, on September 27, 2004, the second phase of the Central Bank Gold Agreement was renewed, and two more European countries joined the agreement.
This agreement is seen as the beginning of a bull market in the gold market, because international gold prices began to pick up after the signing of this agreement.
At the beginning of the century, with the bursting of the Internet bubble and the financial turmoil in the United States caused by the 9/11 incident, the US monetary policy was adjusted, and the federal funds rate was significantly lowered to a historical low to stimulate economic recovery. As a result, the price of gold rose to a maximum of around US$330 per ounce in 2001.
Then, in 2003, the United States launched the Iraq War. The Bush administration brazenly attacked Iraq, and the gold price broke through $400 an ounce that year. In the following three years, the international gold price has been fluctuating between $400 and $450.
By the beginning of 2006, the U.S. subprime mortgage crisis began to gradually unfold, and the international gold price rose accordingly. In just five months, the international gold price broke through $500 an ounce and eventually reached a high of $725 an ounce. It then began a technical adjustment and fell to a low of $560 an ounce.
But even this price is far higher than the gold price at the beginning of the new century.
By 2007, the U.S. real estate bubble burst, and gold prices accelerated under the influence of the subprime mortgage crisis. Before the 2008 financial crisis, the international gold price had broken through the historical high of $1,000 per ounce, reaching a historical high of $1,032 per ounce.
At this time, the international gold price plummeted again.
As the US subprime mortgage crisis intensified, the fifth largest US investment bank Bear Stearns was acquired by the government at $2 per share, Freddie Mac and Fannie Mae were taken over by the government, Merrill Lynch was acquired, Lehman Brothers was forced to close down, and the global capital market was shaken. The stock market plummeted, the commodity market plummeted, the international oil price plummeted from $147 per barrel to $33.2 per barrel, and the international gold price also fell from over $1,000 an ounce to around $680 an ounce.
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