In just over a month, they drove the price of gold from less than $1,000 per ounce to $1,700 per ounce.
Wangcai compiled the data he had recorded over the past few days into a table and handed it to everyone in the office.
He went on to explain, "After the price of gold was driven up to $1,700 per ounce, many people hesitated. In the past few days, the price of gold has slowly fallen back, but it is still fluctuating around $1,700 per ounce."
"Gold prices have fluctuated over the past five days, but overall they have been trending upwards."
Lin Zhiyuan quickly grasped the key point and asked, "So, the upward curve of gold prices has experienced hesitation and a brief period of stagnation in the last five days?"
"Yes."
After Lin Zhiyuan finished speaking, he looked at Zhou Huimin. The two quickly reached a consensus. Lin Zhiyuan said seriously, "This shows that the side that bought long positions in Southeast Asia is no longer able to launch an attack."
"A gold price of $1,700 per ounce is already a peak in Southeast Asia in the past decade."
"I think no matter how much the price of gold is speculated on, it won't go any higher."
Zhou Huimin looked at Wangcai and asked, "What do you think?"
“When the boss was still around, he taught me how to read the stock market index, saying that sometimes data is the most quantitative way to reflect market sentiment.”
Wang Cai commented: "The price of gold has been climbing steadily over the past month, but it has slowed down in the last week... I think this reflects, to some extent, the sense of powerlessness among Southeast Asian stock market investors."
"After all, Southeast Asia has just experienced a financial crisis. Even if Southeast Asian stock investors, investment companies, investment banks, and third-party institutions use all their savings or even borrow money to buy gold, they will still have to pay a huge cost."
“There’s another issue.” Wangcai looked at everyone in the office and reminded them, “Soros’s foundation, whether it’s attacking the local monetary system or a large corporation, always operates on a one-month timeframe.”
“Hong Kong has a complex internal environment, not only because it is dominated by four major families, but also because it involves historical factors and political problems. That’s why Soros spent an extra half month researching the Hong Kong market before attacking the currency.”
"Overall, Soros's stay in Hong Kong for a month and a half is quite in line with his usual behavior."
Within a month, mobilize stock market investors, stimulate market sensitivity, and make the public lose their rationality. Then, when the whole nation is in a frenzy, reap the financial market profits and withdraw completely.
Soros, a rival of Wangcai, judged that "Soros's considerations about the financial market will, to some extent, test people's rationality. If it takes more than a month, then stock investors are likely to regain their rationality and stop following the crowd."
After hearing this, Annie and Lin Zhiyuan couldn't help but sigh that Chen Dong's initial choice of Wangcai was not without reason.
"If the attack on the market is prolonged within a month, and investors are kept rational, then Soros will have no room to maneuver," Wangcai added.
"The Soros Group has succeeded in every attack on the financial markets by taking advantage of the herd mentality of retail investors and the profit-seeking mentality of third-party institutions, investment banks and investment companies."
"In addition, each of his battles lasted only a month. He was warlike but not fond of fighting, so he was able to retreat unscathed almost every time."
“It’s been a month.” Zhou Huimin took the initiative to vote. “My own opinion is that the gold craze has reached its end, and I suggest shorting.”
Upon hearing this, Wangcai looked at Lin Zhiyuan and Annie, and the two of them said almost simultaneously, "Buy it all."
“Okay, I’ll operate the offshore company in Hong Kong and fight against the Soros Group!” Wangcai was filled with fighting spirit.
A month has passed, and after a brief pause, the gold price curve quickly broke through the $1,700 per ounce mark, reaching a price of $1,713 per ounce.
Not only have Southeast Asian stock market investors gone mad, but even Hong Kong stock market investors have lost their minds.
Gold! Gold! During this period, the topic of conversation among diners at the braised food shop was the gold rush in Southeast Asia.
One bald diner passionately analyzed, "The Soros Group is a bunch of ruthless bastards. Their gold speculation frenzy in Southeast Asia is just a way to harvest the last remaining wealth of the people of Southeast Asia."
“Nonsense! Even people from the Federal Reserve have said that they are acting in concert with Soros this time,” his companion retorted.
"Exactly! The Federal Reserve will focus on developing Southeast Asia in the future and provide necessary economic assistance to Southeast Asian countries."
"Soros must have been attracted by the Federal Reserve's name, which is why he stayed in Southeast Asia."
Many people at the table began to echo this sentiment:
"yes!"
"Didn't you see that the Southeast Asian financial crisis quickly subsided after the Soros Group started selling gold in Southeast Asia?"
The bald man retorted dismissively, "What do you know? Southeast Asian governments still haven't solved the problem of their currencies depreciating."
"The current gold rush in Southeast Asia is simply a case of covering up the original financial bubble with an even bigger one."
Listening to the bald man's words, Afang felt that he made a lot of sense. She turned her head and asked Chen Dong in a low voice, "Will the Southeast Asian gold rush really turn into a financial bubble?"
"By the way, what about financial bubbles?"
Chen Dong was busy packing braised dishes for customers. He roughly analyzed, "The reason why people in Southeast Asia invest in gold is because they don't trust their own currencies."
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