"Boss, crude oil has risen to ninety-seven dollars again. It seems that it may not be able to break through ninety-eight dollars today. Last time, some consortiums in Europe sold off, causing the crude oil that had just risen to ninety-eight dollars to fall back to ninety-eight dollars. Eleven dollars, shall we polish first this time?”
Soros motioned to Zhukenmiller to sit down, took out two cigars from his beloved cigar box, and threw one to his most valued subordinate.
"What's the current situation in the gold market?" Soros didn't talk about crude oil, but asked about gold.
"The price of gold has risen to around US$740 per ounce, and many people predict that it will be difficult to break through the US$750 line."
Soros looks disdainful and finds it difficult to break through the $750 line
Anyone who says this is either deliberately deceiving others, or he is just mediocre!
Rothschild, the super-interested body of one of the oldest families in Europe, has already taken action, so it will no longer be a problem to increase the price of gold.
What's more, the recent continuous delivery of contracts in the crude oil market means that some people are planning to withdraw from the crude oil market.
So where will the withdrawn funds go? Speculation in the stock market, bonds, or other futures
The easiest way to make money with the least risk is gold!
The stock market is now falling amid fluctuations. How many people dare to speculate in it? As for bonds, the risk is even greater.
Crude oil and gold are the most reliable futures for bulk trading. Crude oil is blocked by the $100 line and is difficult to break through, unless some consortiums work together to make it possible.
But it is obvious that more consortiums are targeting gold.
With so much money entering, will it be difficult for the price of gold to rise? Not to mention the $750 line, even if it was the $800 line, he didn't think it was a problem.
"Be prepared to deliver all our crude oil futures contracts and then buy gold futures contracts. Follow the way we planned, don't be too risky, and don't be too careful."
"Okay, boss, I know what to do." Zhu Ken nodded.
Soros said with a smile: "Ken Zhu, I think I am about to retire. After this time, we will become the most profitable hedge fund company, and I will also announce my rest at this time. My position will be next year. It’s yours!”
Zhukenmiller showed an expression of ecstasy. When the other three of their Quantum Fund's four King Kongs left, he was the only one who chose to stay, not just for this position.
This not only represents huge benefits, but also represents huge fame and honor. At Soros' age, he should have retired long ago, and he finally said this!
"Boss, you are still in good health, and the company still needs your leadership." Although he wanted Soros to retire now, Zhukenmiller still expressed his hypocrisy to retain Soros.
Soros laughed. In fact, he didn't want to retire at all. But after thinking for a long time, he couldn't figure out how to make his wealth surpass that of Buffett, let alone Feng Yu.
Since there is no way to surpass him in terms of wealth, then do something that will impress them all, and then retreat bravely. In this way, no matter what achievements the two men achieve in the future, people will always compare them to each other.
When the subprime mortgage crisis broke out, neither Warren Buffett nor the financial god Feng Yu made as much as Soros!
In this way, even if Soros cannot do anything that attracts worldwide attention in the future, he will still be praised by the world, thus fulfilling his dream of letting everyone remember him.
Although he has always been a hedge fund, he has to admit that industry is really important. Even the world's top conglomerates still need to open banks.
It is not difficult to make money with financial products, but it is also easy to lose money. Once the industry is done well, it can continue to make money for many years, such as Coca-Cola, Wal-Mart, etc.
Compared with Buffett and even Feng Yu, Soros lacks industrial support, and his financial scale cannot be compared with those two people. If he wants to surpass those two people, especially surpassing Feng Yu, I am afraid that he will never be able to do so in his life. I hope, after all, Feng Yu is much younger than him.
The funds led by Soros sold crude oil futures, causing the price of crude oil futures to fall a little again.
Then some international hot money entered the crude oil futures market. None of them thought that crude oil would rise by more than one hundred dollars, but now it has dropped to ninety-four dollars. Using ten times leverage, if it rose by four dollars, they would have made a profit of more than 40%.
The fluctuation of four dollars can be achieved in one day.
Some people speculate in financial products for the long term, but there are many people who like to speculate on the short term, especially those gamblers who use high leverage.
They can even use leverage of 20 to 30 times in some financial companies. If they are lucky, their money can double in one day even if it only rises by more than three dollars.
It is these financial companies that make the financial market even crazier, and many people borrow money to invest. Getting rich overnight is definitely not a dream, it happens almost every day.
Kirilenko discovered that something was wrong during this period. The price of crude oil had risen to a maximum of ninety-nine dollars, but then it fell back again, even to ninety dollars.
This kind of price fluctuation of about 10% brings huge benefits.
Fortunately, they all did hedging at this time, so their losses were minimal. However, the price fluctuated back and forth, testing the $100 line several times, but never breaking through.
Experts from Kirilenko's brokerage team told him that it is difficult to break through the 100-dollar line, which is not in the interest of those major crude oil importing countries, such as the United States, China, and island countries.
Then the consortium of the United States and China will not let crude oil rise so high. The two declines in crude oil have the shadow of the consortium of the United States and Japan. They have brought the price of crude oil down from a high price of ninety-nine dollars to Ninety dollars.
They suggested that Kirilenko should speculate in short-term trading during this period. With their strength, they can guarantee huge profits. Or simply sell crude oil futures and speculate in gold.
The Rothschild family and Quantum Fund are both speculating in gold. If they join, they will definitely make a lot of money. And that one is more secure and can even use higher leverage.
But Kirilenko gritted his teeth and told the agents not to mention the matter again. If Feng Yu doesn't move, they won't move. Once any risk really arises, he believes that Feng Yu will never ignore him.
Moreover, Feng Yu has never lost money in his investments. Since Feng Yu is so sure that the price of crude oil will definitely exceed one hundred US dollars, even if everyone in his brokerage team does not believe it, he, Kirilenko, is willing to believe it!
… (To be continued...)