Chapter 049: God of Stake? Your brain must be rusty
The crude oil futures market made 10 billion yuan?
Reward bank reserves?
Jiang Chen was in a good mood as he looked at the mission page.
In the banking industry, bank reserves were needed to deal with the run on deposits, to deal with the loan demand of loan customers, and to deal with sudden crises, to deal with the dismantling of the same industry, and to deal with fluctuations in the foreign exchange market at home and abroad. All in all, the necessary reserves were indispensable.
The central bank naturally had the most reserves.
There were much fewer ordinary banks. Depending on the size, the value of bank reserves ranged from hundreds of millions to tens of billions or even trillions.
This meant…
Once he successfully earned tens of billions in the futures market, the reward given by the system would be worth at least a few hundred million!
Money was one thing.
More importantly, some foreign exchange, such as the British pound, US dollar, Japanese yen, Euros, Korean won, etc., needed to be purchased in large quantities. It was not that easy. Similarly, it would be difficult to extract a large amount of gold and silver. This wasn't something that could be brought up with money within a certain period of time.
The system's mission solved Jiang Chen's problem.
"Boss. Wasn't this too much? Twenty times leverage. The crude oil market was volatile. It's really going to explode at any time."
Mu Xiaohe's worried words interrupted Jiang Chen's thoughts.
Jiang Chen didn't mind." In the financial world, you must remember the first rule, and that is to be greedy!”
Seeing Jiang Chen's determination, Mu Xiaohe could only choose to lower her head.
She chose to stand on Jiang Chen's side. Since the boss didn't agree with him, then he could only do his best to do his job while looking for the greatest possibility of helping Jiang Chen profit or reduce losses.
Jiang Chen told Mu Xiaohe to work overtime at his house tonight as a trader.
The two of them got off work early.
When she got home, Mu Xiaohe told her father, Mu Xiong Jun.
The lumberbear soldier was stunned. After a long time, he stroked his beard and murmured,""Sigh! Jiang Chen was really a gambler! He had actually used twenty times the leverage and invested all his assets into it! If he lost, he would go bankrupt! The company that had not yet opened for business had to declare bankruptcy in advance! This kid is really gambling!"
Mu Xiaohe also felt wronged. If Jiang Chen lost the bet, then she would only be working at Jiang Chen's place for less than a week. Wouldn't she think that the company had closed down and she lost her job after only a week?
Just thinking about it made him feel funny and depressed.
"Dad. I decided to do my best to help Jiang Chen. I don't want him to collapse so quickly."
"Sigh. Long Hang ranked first in crude oil futures. Dragon Bank was one of the top banks in the Dragon Country. Jiang Chen's short selling was equivalent to competing with it. This was a state-owned enterprise with many talented people. It would be very difficult to win against Long Xing. Moreover, the price of crude oil had already fallen very low, and there was really limited space for short selling. I really don't understand why Jiang Chen would bet on crude oil futures!”
"Sigh. He was a one-track-minded person. He couldn't persuade her. He had his own judgment. Since Jiang Chen has decided, I can only listen. Dad. Why don't our Hongyuan Fund also try to short crude oil futures? Jiang Chen has the title of stock god. What if crude oil futures really fell?”
"No, I can't! This was a small probability event! Even if it fell, it wouldn't be much. I don't agree to gamble!"
"But, aren't we going to help Jiang Chen?”
Listening to his daughter's words and looking at her anxious expression, the lumberbear army thought of Jiang Chen's extraordinary figure. Finally, he sighed,""Lending Jiang Chen one hundred million in my name, even if it's an investment or a gamble. Sigh, but I'm still not optimistic about this short sale. If the bulls suddenly pulled, they could explode at any time. There was unlimited room for growth, but limited room for decline. It's not that easy to be a bear."
When Mu Xiaohe heard that Mu Xiongjun was willing to lend Jiang Chen a hundred million, she smiled and was satisfied.
He didn't know if the sense of belonging to the company exploded or if it was because of his inexplicable trust in Jiang Chen.
Mu Xiaohe had not only taken out the 100 million from the lumberbear army, but she had also lent out 50 million of her own private funds.
This was not all.
Mu Xiaohe also planned to persuade the financial giants and institutions in her network to join forces to sell short.
Looking at the group chat, Mu Xiaohe hesitated for a while before choosing to speak.
* Little Milk Bottle Sour: Everyone, crude oil futures are approaching the delivery date. Are you interested in short selling? It was a once-in-a-lifetime opportunity! Excitement.JPG.
As a super rich beauty, Mu Xiaohe was well-known in the group and was highly sought after.
As soon as she spoke, many people replied and watched.
* Brother Zhao: @ The milk bottle is sour. His younger sister. No way. Short crude oil futures? The current price was only 22 dollars! Isn't short selling giving money to the bulls?
"Trading stocks to support the family: @ Little milk bottle is sour, although I rarely play futures. However, my years of experience in stock trading tells me that it's a thankless task to short crude oil futures now. It's even courting death!
* Branch Leader Xu: @ The milk bottle is sour. Now that the price of crude oil futures fluctuated fiercely, many people were staring at it, thinking that it was a very good investment target. I can tell you that my friends on Wall Street, big funds, even bigger than Muddy Waters, have predicted that the price of crude oil will rise to around 35 US dollars per barrel in half a year. At the same time, they have also planned to do so with the consortium. Now, buying crude oil futures was encouraged, but selling short was really not recommended. That was no different from giving money away.
* Ning B's suicide squad: Sister Mu, your investment analysis skills are usually quite good. He shouldn't have chosen to go short. Why did you choose to go short? I'll fire your foundation researcher!
So many comments.
All of them refuted the fallacy of short crude oil futures, and all of them mocked that short crude oil was courting death.
Mu Xiaohe had guessed this, but she didn't expect these hot money investors to agree that crude oil would rise instead of fall. This was the complete opposite of Jiang Chen's point of view. Who should he believe?
* The milk bottle is sour, everyone. This was a good opportunity. I didn't think of it. It was proposed by the stock god, Mr. Jiang Chen. He was prepared to short crude oil futures, and it was a huge amount of money and leverage!
As soon as he finished speaking.
Everyone in the hot money group was stunned.
Then, the people in the group couldn't help but shake their heads and tap on the keyboard.
* Brother Zhao: Hehe! God of stocks? Was he like this? Was his brain showing off? I'm not afraid of him seeing it! It's good to see it. Please let him think about why he wants to short crude oil futures!
* Liyang Road No. 18: There's really something wrong with his brain. Short now? If it wasn't a problem with his brain, what was it? Even an ordinary person who had never studied finance knew that the price of crude oil was already ridiculously low. How could it drop so much? A big lever? With a sudden pull, he would be dead!
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