Rebirth of the Strongest Tycoon

"Advanced Copper Futures Opened at $0.8325/lb!"

"Aluminum futures opened at $1.6815/lb!"

In the operation room of Galaxy Fund, Song Yang said happily.

Although the boss himself is here and can also see the data, he still likes to read the data out.

These cold data are so cute to him, his heart seems to fluctuate with these data, and every time the data beats up, his mood is excited.

"Senior copper futures jumped 5.98% at the open and aluminum futures jumped 5.78% at the open from last weekend's close."

"It's quite reasonable to suppress the outbreak for two days to this extent. It's still early days!"

Xia Yu said with a light smile on his mouth, and said slowly.

His voice seemed to have a magic power, which calmed Song Yang's originally excited mood. The smile on the latter's face slowly faded, and he took a deep breath and nodded: "You are right."

After a few seconds of silence, Song Yang couldn't help but curiously asked, "Boss, when will we start to retreat?"

Xia Yu took his eyes back from the rising data, glanced at Song Yang, thought for a moment and said, "No hurry, Wall Street capital is still entering the market, they won't leave if they don't make a profit, wait and see for two more weeks. Time to wait for an opportunity.”

Although the market is chaotic now, Xia Yu's mind is like a mirror, and he sees the most essential things through the somewhat chaotic market.

The capital market is a game of big fish eating small fish. Players big and small are full of players. Generally speaking, big fish eat small fish and small fish eat shrimp.

In the early stage, the bulls led by Galaxy Fund and the bears led by Philip Brothers had piled up the gaming tables with hills of dollars.

Now, various financial institutions are pouring into it, making more and more dollars on the table.

Now no one can tell when the bet will end. Maybe everyone is taking a fluke and trying to get the last laugh and get more benefits.

As the prices of advanced copper futures and aluminum futures are getting higher and higher, there will definitely be conservative institutions exiting, and there will also be envious institutions that were originally calm and jealous.

In this game of drumming and passing flowers, the losers will be the losers and the last takers, while the money will be made by the institutions that quit in the early, middle and late stages.

It’s just that the institutions that exit in the early and mid-term will definitely not make as much money as the institutions that exit in the middle and late stages.

If you want to make more money, you must take greater risks. Risks and benefits are always proportional.

But no matter how these institutions play, they can't get around Xia Yu's side, and the initiative is in Xia Yu's hands from beginning to end.

Only when he starts to clear the position, the game will start to turmoil, and unless a stronger dealer than him comes back, the game can be maintained again.

According to statistics, including the Galaxy Fund, the island country Jiuding Securities Company, the London Bright Fund and other companies, the copper futures and aluminum futures contracts held by the Jiuding Consortium in the world have accounted for more than 50% of the market.

Including the Howard family and the two allies of Sumitomo Trading Company, Xia Yu's camp has controlled more than 65% of the futures contracts in the global market, maybe even 70%.

Although it is not comparable to the peak data of 90% of the global silver futures contracts controlled by the Hunter family, combined with the spot quantity controlled by Xia Yu, the influence is not bad at all, or even more.

In the past, the Hunter family manipulated silver futures, limited by capital, mainly playing low-cost futures contracts, and the control ratio of the spot market was quite low, only a few percent, so when the spot market was chaotic later, it would lose control and Ruined the futures market.

With the lessons learned, Xia Yu was much more cautious.

Now, he has spent more than 5.5 billion US dollars to buy 1.12 million tons of metal copper and 1.34 million tons of metal aluminum just by ordering people to buy the spot.

Although these metals are still in the warehouses of various mining companies, the spot trading contract has been signed, and these metals already belong to him. I believe that no company dares to face the threat of huge liquidated damages and take risks.

Time flies by, and in a blink of an eye, two weeks.

On Monday, stock market futures opened on time.

Unsurprisingly, high-grade copper and aluminum futures also jumped at the open, hitting $1.2145/lb and $2.4680/lb, respectively.

The prices of these two futures have more than doubled before Xia Yu went long, and the market has become extremely crazy.

The leverage of the futures market is ten times and dozens of times. If an institution successfully entered the market two weeks ago, if it spent 20 million US dollars as a margin to enter the market, the floating profit now reaches at least 90 million US dollars, which can be said to be four times. Much profit!

Financial institutions with annual profits of more than $100 million are not many, even in New York.

Consider Philip Brothers, which originally had a market value of more than $4 billion, with an annual net profit of less than $300 million.

So in the face of such crazy profits, not many institutions can keep their cool.

It's a pack of wolves!

It's just that the shorts headed by Philip Brothers are going crazy. Under the skyrocketing futures prices, they have to continuously replenish the margin, and at the same time join the scramble, and want to forcibly liquidate their positions.

The short positions were all selling contracts before, and now if you want to close the position, you need to buy back the same amount of futures contracts.

Although it is said to be forced to close the position, but in the face of the already crazy market, every sell order thrown out is like a piece of delicious meat, attracting countless wolves to snatch it, and it is difficult for Philip Brothers to close the position to grab the contract.

Philip Brothers had sold too many contracts before, and it was difficult to close the position now.

In view of this situation, Philip Brothers had to take other measures, such as acquiring spot contracts, and then looking for institutions that wanted to EFP to convert the spot contracts into futures contracts for liquidation.

This approach further promotes the soaring of spot prices.

Although major mining companies are still producing metal copper and metal aluminum continuously, they are still in short supply in the face of broad market demand.

Closed on Monday morning.

Xia Yu smiled when he saw that the share price of Philip Brothers was fixed at $8.25 a share and the market value was $1.2375 billion.

Although Philip Brothers has been covering its lids to prevent the outflow of real data, there are too many elites on Wall Street and have already estimated the losses of Philip Brothers.

Conservative loss of a billion dollars!

This is the estimate of Philip Brothers by many institutions, and this estimate has been unanimously recognized by the majority of institutions.

Under such a huge loss, the stock of Philip Brothers has directly become a junk stock. Now the market is full of sell orders, but no institution dares to buy it.

Even if it fell from $4.173 billion at the peak to $1.2375 billion now, the market value evaporation is about to exceed $3 billion, and it still cannot contain the momentum of continued decline.

After careful calculation, Jiuding Securities Company shorted Philip Brothers, and the floating profit reached 630 million US dollars!

And this is not the end. As long as the stock price of Philip Brothers falls lower, the profit of Jiuding Securities' short-selling will be greater.

However, Xia Yu was not too greedy and knew how to stop.

"Toby, when the market value of Philip Brothers falls below one billion US dollars, let's start. Just acquire enough equity to repay the gambling institution. There is no rush to buy the bottom."

Taking his eyes back from the fixed price, Xia Yu instructed Toby Moulton beside him.

Toby Moulton was stunned for a moment, looking at Xia Yu's deep eyes, thinking about it, nodded and replied: "Yes!"

"I'm leaving first, you should get off work too."

After saying that, Xia Yu turned around and left.

Watching the figure of the boss Xia Yu leaving, Toby Moulton pondered, trying to figure out the boss's true thoughts.

"Didn't the boss want to buy Philip Brothers, has he changed his mind again?"

()