The next day was Friday. After the 1.5 billion US dollars from Haitang arrived in his account, Shen Dong went to the New York gold futures trading market.
As Merrill Lynch's largest client, Merrill Lynch booked VIP room number one for them, at a cost of $50,000 per day.
Seeing that the price of gold had risen to $866 at a speed visible to the naked eye, Shen Dong did not hesitate to give the order to open a position.
"Sell all of our futures contracts at a price of $865.50, as many as we can."
The price of $865.5 is already very high, and Shen Dong cannot wait until the price of gold is close to $900 before selling.
In that case, no one would buy it.
Song Zihao and his team were dumbfounded when they heard the order.
Song Zihao said, "Brother Dong, the price has now reached $866.30."
Shen Dong explained, "I predict that the price of gold could reach between $870 and $880. We currently have $21 billion worth of gold futures contracts, and if we don't bring the price down, no one will buy them."
Song Zihao frowned and said, "But if we do that, we'll be completely exposed. Those Wall Street bigwigs might very well take action against us."
While the 20 billion+ futures contracts cannot sway the overall gold futures market, they are enough to cause strong fluctuations in gold prices.
This fluctuation is likely to attract the attention of European and American financial groups.
This will have a very negative impact on Shen Dong's financial security.
Shen Dong said, "Ignore them, just do as I say."
Shen Dong didn't take these crocodiles that wanted to eat him seriously at all.
According to the trading rules of the New York gold futures market, one lot is 100 ounces.
With $21 billion in assets, Shen Dong would receive approximately 242,600 lots after selling the contract at $865.50.
The current price of gold is $266.3, meaning that Chen Dong would lose $80 for every lot he sells.
If all of them were sold, the loss would be $19.4 million.
Shen Dong has $2.1 billion in margin. If those financial tycoons want to cause him to lose his position, they would have to raise the price of gold to over $950, which would require at least $100 billion.
Even if they are incredibly capable of doing it, Shen Dong can still increase the margin to five billion US dollars.
If these financial tycoons continue to suppress the price, it would be virtually impossible to raise the price of gold to $1,100.
If things go wrong, they might end up getting trapped by Shen Dong.
After the gold price crash, no one will buy their gold futures, and they will eventually be wiped out, with margin calls not out of the question.
Seeing that he couldn't persuade Shen Dong, Song Zihao knew that Shen Dong had already considered everything, so he didn't say anything more.
Although the traders had their doubts, they dared not ask too many questions and placed the futures price at $865.5 as instructed by Shen Dong.
The moment this price was announced, the entire market went into chaos.
"Am I seeing things? How can it be $865.50?"
"Damn, hurry up and buy it, they must have made a mistake with the price."
"Is the price of gold going to fall? That's why some people want to sell at a price lower than the market price."
"Impossible. I've already checked with the Chicago gold futures market, and the price of gold remains as firm as ever."
"Hurry up and grab a bargain."
......
In just one hour, Shen Dong sold half of his gold futures contracts, driving the price down to $863.2.
Song Zihao swallowed hard and said, "That's terrifying."
Chief trader Huang Zhihao, mustering his courage, said, "Brother Dong, Brother Hao, given our size, a hundred billion US dollars should be enough to drive the gold price down to below $860. But it's already down to $863.2, which shows that the public still has a lot of confidence in the price of gold."
Shen Dong smiled and said, "Be fearful when others are greedy, and greedy when others are fearful. We don't need to worry about what's happening outside; we'd better just focus on ourselves."
Huang Zhihao nodded and said, "Yes, Brother Dong."
In VIP room number eight, not far from Chen Dong, Ronald frowned as he saw the price of gold plummet by three dollars.
The fact that they were able to drive down the price of gold by three dollars when it was at a high level means that the other party used at least tens of billions of dollars.
With such a large amount of funds, who exactly is behind it?
Ronald's mind raced through the names of various conglomerates, but he rejected them all.
In his previous life, Ronald was the most famous financial tycoon in the United States. He had manipulated hundreds of billions of dollars to attack the financial systems of multiple countries, and he won every time.
Ronald is now just the owner of a venture capital firm, and is only a minor celebrity in the talent-rich Wall Street.
His keen intuition and years of experience in futures trading led him to the judgment that the price of gold would not rise to $1,000.
Unlike Shen Dong, he believed that the price of gold would exceed nine hundred US dollars.
Therefore, in recent times, Ronald has been using $500 million to manipulate $5 billion in the gold futures market, and so far he has made a profit of more than $3 billion, making him arguably the biggest winner in this gold price surge.
Today, Shen Dong's outburst of billions to short gold has made Ronald feel a strong sense of danger.
He immediately called his friends in the US government and the futures exchange, and learned that there had been no change in financial policy and that gold remained incredibly strong.
But Ronald's intuition told him that he was now on the edge of the most dangerous situation.
If they don't escape now, they won't be able to escape later.
Emotion and reason were locked in a fierce struggle in Ronald's mind.
Ultimately, emotion triumphed over reason.
Ronald instructed his team to sell all their gold futures and then short them.
An hour later, Ronald's account had an additional $3.7 billion.
Meanwhile, gold prices were also pushed down to $860.4.
At this point, everyone started to panic.
I don't know what happened in the futures market that caused the price of gold to plummet by six dollars in an hour.
......
London Gold Exchange VIP Room
William Nutter put down the phone, a hint of hesitation appearing on his aged face.
He just received news that two groups of people are dumping gold, driving the price down by six dollars.
As one of the most successful investors in the United States, William Nutter knows very well how much capital it would take to drive the price of gold down to this level.
What made William Nutter hesitate was not whether the price of gold would rise or fall, but whether or not to buy it.
"Hey William, did you see that? Someone's shorting gold."
William's good friend and business partner, George, called.
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