Spot gold was known as the world's largest stock.
Because it was a global market, the transaction volume was huge. The total transaction volume in a year was as high as trillions of dollars. In theory, no consortium or institution could control such a huge market. Of course, this was only in theory.
However, the gold market was indeed huge. Compared to stock futures, it was like a small pond and the sea.
From 8 am to 4:30 pm, it was the Asian market, but the trading volume in the Asian market was very small.
From 3 p. m. to 11:30 p. m., the European market was second only to North America's gold trading market. It was more active than the Asian market and had more trading volume.
From 8:30 p. m. to 3:00 a.m., it was the North American market, which was also the world's largest gold trading market.
It was 10 AM.
Fang Bohong stared at the board and waited for the boss's instructions.
Today's spot gold price stabilized at 340.58 USD/ounce. The short-term spot gold bulls dominated, the US dollar was supported, and the gold price was rising steadily. The gold price in the past two days was affected by the earthquake in South Africa.
The trading room was silent. Everyone was waiting for the big boss's order, and the traders were even more nervous.
When the price of gold rose to 341, Zhang Ge suddenly said,""Split it into four batches, short 20,000 lots, 100 times leverage.”
Thomas didn't hesitate and placed a few empty orders for 5000 lots each.
Fang Bohong, Yang Ping, and the others were shocked. It was not the first time the boss had used a 100-fold lever, but it was the first time he had pulled the lever to such a high position.
They should be doing more now, but they all trusted Zhang Ge's judgment unconditionally and kept their eyes on the K-line.
The price of gold was still on the market. After 20,000 lots were sold, it had already exceeded 341.2 USD per ounce.
This time, it was Li Zhijie. He played another four empty 5000 hands.
The so-called leverage was to use the original amount as a deposit and then borrow from a bank or financial service company to enlarge the capital.
With this tool, both the gains and losses would be multiplied.
Once the loss exceeded the amount of the margin, either the position would be covered or the loan would be forced to close the position to avoid its own loss.
Many shareholders didn't even have time to close their positions after using leverage. Not only did they lose their margin, but they also owed debts several times the margin. They could only jump off the building.
Because of this, leverage was an extremely dangerous financial tool.
In the spot gold market, the largest leverage ratio was 400 times. The average person would only use a few times or dozens of times. For Zhang Ge to use 100 times leverage, it meant that the capital was magnified by 100 times.
The bank was the Swiss National Bank.
The price of gold continued to rise. Zhang Ge ordered five times, each time for 20,000 lots. In total, he bought 100,000 empty lots, and the price of gold had risen to 343.13 USD per ounce.
For the sixth time, Zhang Ge gave another order.
"Short 200,000 lots."
Heavy warehouse!
The few traders were a little stunned. Then, their blood boiled and they quickly operated.
"Boss, the positions have exceeded the capital warning line.”
Currently, the deposit was 102.6 million USD, but the amount of funds that were used to leverage financial leverage was as high as 10 billion USD. Generally, in order to control the risk, the risk control officer would immediately give the first reminder when the opening of a position exceeded the ability to pay.
" We still have plenty of funds. Let's continue." Zhang Ge said calmly.
After this transaction was completed, Zhang Ge continued to stare at the gold market.
It was one o'clock in the afternoon.
Zhang Ge continued to buy 200,000 empty orders.
The gold price, which had been rising, finally began to fluctuate sideways. At this time, the trading volume of the Asian market also began to reach the peak of the day. The short-sellers and the long-sellers were madly fighting each other, and a large amount of money was invested in the market.
What Zhang Ge represented was empty.
Thomas did not hesitate. He filled in a few more short orders and completed the transaction within a minute.
At this moment, the number of empty orders suddenly began to increase.
The price of gold didn't last for more than a few minutes before the bears gained the upper hand and the price of gold began to fall!
At this time, all the news media in Asia suddenly reported that there was a major discovery in the gold and copper reserves of the Purple Mountain in Tang Country. The gold reserves increased from 80 tons to 200 tons.
The moment the news came out, the direction of the wind changed immediately!
The bulls were suppressed, and the mentality of the individual investors changed.
At the moment, he could only earn by selling short!
Individual investors went short, and the price fell all the way. Soon, it fell back to the entry point of 341.2 US dollars per ounce, and it was still falling.
The empty side continued to pursue the victory and placed orders. Zhang Ge also bought 200,000 lots. The price of gold could no longer hold on and began to drop by 45 degrees.
Looking at the various factions, it was as if they had already accepted their fate. They had completely given up on resisting and closed their eyes to enjoy it.
When the price of gold fell to $337.61 per ounce, the bulls seemed to have received some support, and the price of gold once again shook sideways.
Everyone in the trading room looked at Zhang Ge, wanting to suggest the boss to cash out now.
However, after spending some time together, they all knew that their boss was the kind of person who would make his own decisions. It was better to listen to his orders obediently.
Zhang Ge emptied his mind and stared at the K-line chart in front of him.
This was the first time he had managed such a large amount of money in his two lives. If it weren't for the special abilities he had obtained from his rebirth, he wouldn't have been able to get started so quickly.
In his eyes, the current situation was no different from a small-scale encounter.
The K-line on the board fluctuated. In his opinion, it was equivalent to a stalemate between two special forces. This situation was the most difficult to judge. Most people would choose to cash out in time to reduce the risk after making a profit, and then wait and see.
However, Zhang Ge's sixth sense allowed him to determine the final direction of the battle.
With 800,000 empty lots and an initial capital of 274 million USD, he would have a total profit of 386 million USD if he were to cash out now and leverage his capital 100 times.
The shock lasted for 20 minutes, and the bulls seemed to fall into a disadvantage again. The price of gold continued to fall.
"Boss, it has dropped below 337!”
Seeing the price of gold drop to 337 USD per ounce, Fang Bohong could not help but shout.
Whoosh!
The atmosphere in the trading room was completely lit up. Everyone was so excited that their blood was boiling.
It was too exciting!
The BOSS had made the right bet.
Soon, the price of gold fell to 336.89 USD per ounce. It seemed that the short-sellers were still very strong, and the price of gold was likely to fall again!
"Let's clear out the stock!"
Zhang Ge's light voice suddenly sounded in the room. It was so sudden that the few traders were all stunned.
Looking at the downward trend of the gold price, it should still fall.
Everyone was already used to carrying out Zhang Ge's orders. After regaining their senses, they quickly began to operate. At the price of 336.89, they placed orders in batches to clear the warehouse, with each order being 5,000 lots.
In less than five minutes, when the price of gold was about to fall below 336, the short-sellers were still full of energy and the scene was explosive!
However, Zhang Ge's 800,000 empty hands had all been cashed out.
!! A ticket! Can everyone throw some flowers?
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