Rebirth of the Strongest Tycoon

The latest website: Yanagawa Shuren also took this into account, so his face became even more ugly.

His heart kept sinking.

Since it was G.S. Warburg who took a short shot, and it was clearly targeting their Sumitomo Trading Company, then with the greedy face of the Jewish people, they would never let go without taking a few big bites from Sumitomo Trading Company.

It is even more difficult for funds to escape than expected!

But this further strengthened Yanagawa Shuren's determination to clear the position and stop the loss.

"Yoshida, it doesn't seem feasible to sell and flee. You can drag it slowly, and we will talk about the loss later."

Yanagawa Shuto commanded with a sigh.

Yoshida Hyuga secretly breathed a sigh of relief, and nodded quickly to agree, the boss didn't get angry with him, it was a fortune among misfortunes.

Afterwards, Shuren Yanagawa went to each team to check the situation, and after telling some things, he reported to the general manager of the London branch.

Such a big thing happened, and it also involved G.S. Warburg, which shocked the general manager of the London branch of Sumitomo Trading Company, and then immediately convened a meeting of high-level executives. After a discussion, the entire company became vigilant. .

...

"G·S·Warburg is targeting Sumitomo Trading Company?"

"And in the three markets of lead, nickel, zinc, etc. are all crazy short?"

Bright Fund, George Berkeley, who is following up on LME copper futures and LME aluminum futures, was a little surprised when he heard the report from his subordinates, and then frowned, feeling that something was wrong.

Sumitomo Trading Co., Ltd. is now an ally of their Bright Fund, and they are jointly long LME copper futures and LME aluminum futures. He also went to the London branch of Sumitomo Trading Co., Ltd. to discuss the steps of cooperation with the general manager of Sumitomo Trading Co., Ltd.

Now Sumitomo Corporation has encountered this trouble, which will definitely affect the cooperation with their Bright Fund.

"Continue to pay close attention, investigate the specific reasons, and report to me immediately if the two sides have any actions."

After George Berkeley gave instructions to his subordinates, he immediately followed up on LME copper futures and LME aluminum futures more attentively.

One Barings Bank is enough now, and their Bright Fund also has an advantage.

If G.S. Warburg joins the bears, or other powerful financial institutions join the bears and launch a surprise attack, it will be a toss up.

...

The war on the London Metal Exchange has attracted the attention of many financial institutions and melon eaters.

Especially when more and more information about bears and bulls are exposed, more people are interested.

Of course, there are many financial institutions waiting to see if they can find an opportunity to make a fortune.

Just in the spotlight, the bears headed by G·S·Hubao Company were like Changhong, and the prices of the three major metal futures plummeted.

As of the morning break, the price of LME nickel futures had fallen to $8,472 a ton, a drop of more than 5 percent in the morning, which is definitely a huge figure.

Just before the noon break, a message came out from the London Metal Exchange.

Spot contract inventories for LME nickel futures rose by 2,142 tonnes to 85,746 tonnes.

Inventory increases, bearish!

Sure enough, after the market opened again in the afternoon, the price of LME nickel futures plunged directly, from the closing price of $8,472 a ton in the morning to $8,435 a ton.

The price of LME nickel futures will continue to fall.

Sure enough, when the market was closed in the afternoon, the closing price of LME nickel futures fell to $8,267 a ton.

Compared with the price of $8,925 a ton this morning, it has dropped as much as 37% from the starting point today.

Sumitomo Trading Co. lost $27 million on LME nickel futures.

Combined with losses in LME lead futures and LME zinc futures, Sumitomo's metals trading division lost $42 million in a single day today.

As an ally, of course, George Berkeley will play his role. It is not good to take the initiative to participate in it. Can you help publicize the head office?

Therefore, in the evening and the next morning, many financial media under the Bright Fund analyzed the real intention of G·S·Warburg in a fair and objective manner, and also pointed out the price drop of LME nickel futures, LME zinc futures and LME lead futures. It is irrational, as long as the limelight passes, the value will rise.

Financial institutions and retail investors returned to rationality.

In addition, the prices of LME nickel futures, LME zinc futures and LME lead futures have fallen to a certain extent. Some speculators think it is profitable and start to buy a small amount of tentatively. The futures contracts of Sumitomo Trading Co., Ltd. finally began to be sold. Not many, but at least there is hope.

Yanagawa Shuren can only hope that there will be more pickers, otherwise the three metal futures have invested nearly 600 million US dollars in total.

Even though the investment assets have shrunk, it is still a huge number. Not every institution has the ability to take over!

When the value of the invested futures contract shrank by more than 10%, the London Metal Exchange immediately issued a warning to Sumitomo Trading Company, requiring Sumitomo Trading Company to replenish the margin in time, otherwise the position will be forced to close at the lowest price of the short position, and the loss will still be borne.

...

"Hey, Jacob, you're the one here, where's Evelyn?"

G.S. Warburg Company, Sidmonger Wahlberg, who received a report from his subordinates, came out quickly, and happened to meet Jacob Rosier and his bodyguards who were led by the employees, Sidmonger Warburg. Warburg asked in surprise.

In the past few days, it was Evelyn Roshir who came forward to discuss with him, but he did not expect the real leader of the Roshir family to come today.

Jacob Rothier smiled and said, "Evelyn has some things to deal with, so I'm here. I haven't come to your company for a long time. Welcome?"

Sidmonger Wahlberg laughed and said: "Of course you are welcome, please come in."

Soon, the two took their seats one after another, while Jacob Rothier's bodyguard was waiting outside the door.

"Jacob, the last time you came to my office was three years ago, right?"

Sidmonger Wahlberg took a sip of English-style black tea, a flash of memory flashed in his eyes, and said with emotion.

Jacob Rothier was stunned, smiled and shook his head and said, "I don't remember very well. Although you are older than me, your memory is better than mine, right?"

Sidmonger Wahlberg shook his head and laughed loudly: "Don't mention this, you are here today to care about metal futures?"

"From the moment we started, the victory was already doomed, you don't need to make another trip."

In order not to expose himself, Jacob Rothier did not use the Rothier family's company, but found Sidmonger Wahlberg, at the price of a generous share fee, let G.S. · Huabao Company made a short sale on its behalf.

"Sidmonger, I'm just idle and bored, come out to relax, and stop by to find out about the situation."

Jacob Rothier said with a smile.

Sidmonger Wahlberg shrugged helplessly, stopped arguing, and instead talked about another topic: "Jacob, the most funds in the metal trading department of Sumitomo Trading are in LME copper futures and LME aluminum futures, You don't want to do it?"

Jacob Rosier shook his head and smiled: "Forget it for the time being, LME copper futures and LME aluminum futures are too risky, and the bulls have a lot of power, so there is a certain risk."

"It's better to cut the flesh of Sumitomo Trading Company first and try to let them keep more money."

()