On the contrary, Shen Dong was overjoyed.
They hold short positions worth a staggering $42.1 billion, with an average price of $938.
If the price of gold drops to $450, Shen Dong can make a profit of $20 billion, which is more than he made last time.
Ronald, who stole the deal, earned even more.
Two hundred and fifty billion US dollars in short positions at a price of 985 US dollars—that's absolutely terrifying.
However, that's also part of his skill.
Without sufficient courage and boldness, ordinary people would never dare to go against super-rich tycoons like William.
The next day, Shen Dong and his team returned to VIP Room No. 1 of the New York Gold Futures Market.
Song Zihao said excitedly, "Brother Dong, did you already know that the Federal Reserve was going to raise interest rates?"
The traders all looked at Chen Dong.
These guys were so excited after learning that the Federal Reserve was raising interest rates that they didn't sleep all night.
Most people's eyes are red.
Shen Dong replied, "I can predict that the Federal Reserve will definitely raise interest rates, but I cannot predict exactly when it will do so."
Song Zihao asked, "Then why are you so willing to take such a big risk?"
Shen Dong laughed and said, "Why wouldn't I dare to play? Interest rate hikes are a certainty, and it's also a certainty that the price of gold won't rise to $1,300. As long as we don't get liquidated and wait patiently, we'll definitely make a profit. I originally thought it would take two months, but now it seems it will only take two weeks."
Song Zihao gave a thumbs up and said, "Brother Dong, you're really awesome."
Everyone else was also convinced.
Shen Dong patted Song Zihao on the shoulder and laughed, "This is a sure-fire way to make money. Many people can see it, but not many have the courage to actually do it."
As expected, gold futures opened with a price drop that immediately plummeted.
In less than an hour, it had already dropped to $920.
William set the price at $900, but only sold 120 lots, which almost drove him to despair.
George said urgently, "We're almost at the margin call point, William, what do we do?"
William smiled wryly, "There's no way around it. There's no one left on the market willing to take over."
Nine hundred US dollars is the highest gold price in decades, and no one would be foolish enough to buy at that price.
It wasn't just William; the same was true for institutional and retail investors who bought on the rise.
Some agencies even offered $800, but still no one showed interest.
That's the case with the gold market.
When prices are rising, no one will buy when prices are falling.
When prices are falling, nobody will buy when prices are rising.
However, if you buy in the opposite direction, you can either make a fortune or lose everything – that's the cruelty of finance.
Ten minutes later, the price of gold fell to $880, and William's account was wiped out, resulting in a loss of $9.8 billion, marking the biggest setback of his career.
Ronald's VIP room erupted in cheers.
In less than 24 hours, based on the current gold price, they have already made a fortune of nearly three billion US dollars.
Is this playing futures trading?
No, this is pure bank robbery.
Even if you rob a bank, you couldn't possibly steal three billion US dollars in such a short time.
Ronald took a puff of his cigar, but the image of Shen Dong popped into his mind.
He had a premonition that he would eventually clash with this young man.
"Mr. Ronald, when do we sell these orders?" one of the traders asked.
Ronald snapped out of his daze and said, "No rush. Let's wait until the price of gold stabilizes and falls to a reasonable level before we sell slowly and try to maximize our profits."
The trader said, "That will probably take at least a month."
Ronald shook his head and said, "No need. Once the price of gold reaches $700, most of the long positions will be liquidated, and the price of gold will fall even faster. I estimate that the price of gold will drop below $500 in two weeks at most. Hehe, just wait and see."
VIP Room Number One
Song Zihao also asked the same question.
Shen Dong said, "Once the price drops below $500, we'll place sell orders in batches. I estimate it won't take too long, at most two weeks."
Song Zihao said, "If the price is $470, we can make $20 billion. You can definitely be called the world's richest man."
Shen Dong said dismissively, "What's the use of being the world's richest person on the surface? Look at those big families, which one of them is on the wealth rankings? Let me tell you, even if we earn 20 billion US dollars, we won't rank in the world. The biggest problem is that we lack foundation. However, I am confident that in ten years, we will not fear anyone."
Song Zihao echoed, "I believe it too."
After the market paused in the morning, Shen Dong met with William again.
Although William had lost everything, he remained composed and showed no sign of defeat.
William stared intently at Shen Dong and said, "You've been luring me step by step to ambush you, haven't you?"
Shen Dong shook his head and said, "I have never regarded you as an opponent. If you hadn't contacted me yesterday, I wouldn't have known that the one who wanted to ambush me was a legendary figure like you."
William let out a long sigh of relief and said, "There are two big winners in this incident: you and Ronald. I've already invited him to dinner. I wonder if you'd be interested? I really want to talk to you two."
Shen Dong smiled and said, "It's my honor."
The two walked and talked, making it hard to believe they had just finished a fierce financial battle.
Upon seeing William and Shen Dong enter, Ronald stood up and greeted them with a smile.
“Mr. William, it’s a pleasure to see you. Mr. Shen, it’s nice to meet you again.”
William and Shen Dong exchanged a few polite words.
After the three of them sat down, they each ordered a Western meal.
Shen Dong said, "Mr. Ronald, I know you've been observing the battle between Mr. William and me. I'd like to know why you chose to join this financial war yesterday?"
Ronald said, "A price of $1,000 per ounce is too high and completely deviates from the laws of global economic development. I chose to enter the market at $985 because I firmly believe that it will not reach $1,000. Even if it does, it will absolutely not be sustainable."
Shen Dong nodded and said, "Great minds think alike."
Ronald asked, "Mr. Chu, I also have a question for you. Did you write that article?"
Shen Dong said, "Yes."
Ronald said with admiration, "That's amazing. It's the best article I've ever read, almost without exception."
William said, "Mr. Shen, did you already predict that the Federal Reserve would raise interest rates?"
Shen Dong nodded and said, "I wrote it very clearly in the article. If the Federal Reserve doesn't raise interest rates, the US economy will collapse, and they have no choice. I originally thought that even if they did raise rates, it would be in a month. But the gold futures war between us caused gold prices to soar, which forced the Federal Reserve to hold an emergency meeting and make the decision to raise interest rates by fifty basis points."
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