Our current funding is no longer a problem, so feel free to do it!
The news of receiving a large amount of funds once again boosted the morale of their entire team.
Now they all felt Jiang Cheng's immensely powerful strength and were full of confidence in the upcoming battle.
Soon, a huge amount of funds appeared in the platinum futures market again.
But this time it was not Thoros's side, but Jiang Cheng's side who made another effort.
As these new funds entered the market, platinum futures began to fluctuate once again.
This futures war has now become more intense, and the situation has entered a state of tension.
Oliver began to use the funds allocated to him by Jiang Cheng and started to frantically short platinum futures.
This time he had 30 billion US dollars in his hands. Such a large amount of money suddenly poured into the futures market, instantly causing a huge reaction.
The continuous release of a large number of short orders caused the price of platinum to continue to fall, and soon reached the lowest point this year.
The price of platinum is now almost falling below its historical low, which has had a great impact on the international platinum trading market.
Especially those businessmen who do platinum business, they are all cursing now.
Their losses were also huge due to the drop in platinum prices, and some merchants selling platinum even went bankrupt.
These businessmen who specialize in platinum business can be said to have been innocent victims this time.
Originally, this futures war had nothing to do with them, but because of the war in the futures market, it affected the actual platinum price.
This situation is actually very normal. Every fluctuation in the financial market will in turn affect the real economy.
The London Financial City is now filled with the smell of gunpowder, and being in it feels like being on a battlefield.
Due to the fierce battle in the platinum futures market during this period, the atmosphere in the entire London financial city has become completely different.
The people here are all from the financial circle. Even if they are not in the futures market, they understand what happened now very well.
After all, this is a war in which both sides have mobilized tens of billions of dollars, and it would be very difficult to imagine.
People in the financial city are now discussing this futures war and talking about the inside information of this war.
Everyone is already clear about the two sides of this futures war. One side is the legend of the financial industry, Thoros, and his allies, and the other side is Jiang Cheng, the most dazzling young man.
What no one expected was that Thoros would be at a disadvantage now.
The price of platinum has now fallen to an extremely low level and is about to reach its historical lowest price.
The current price of platinum means that the bulls are about to lose, which means that Thoros has been forced into a desperate situation.
If all futures are settled at the current price, Thorsford will lose at least $20 billion.
The 20 billion US dollars that Thoros lost, except for the transaction fees paid to the exchange, will all go into Jiang Cheng's pocket.
This is the cruel side of the futures market. After all, futures are a zero-sum game. If someone makes money, someone else will lose money.
If the futures delivery date were now, Thors could have surrendered.
Fortunately, there is still some time before the futures delivery date, so Thors still has a chance to turn things around.
The futures delivery date is also the date of futures settlement, and everyone will settle the orders in hand at that time.
If the price goes up, you will make money on long orders, otherwise you will make money on short orders.
How much money you make depends on the price difference. The greater the price difference, the more you make.
If Thoros were to deliver futures at the current low price of platinum, he would probably lose a lot of money.
However, there is still some time before the delivery, and I don’t know what other means Thoros has to turn the situation around.
At this time, the office of Quantum Fund was filled with a gloomy scene.
The staff members are well aware of the recent situation and they are now in crisis.
At this time, a staff member was reporting the current situation to Thoros. From his expression, you could tell how serious the situation was.
Mr. Thoros, our funds have now been completely exhausted and the situation on our allies' side is similar.
If we continue like this, our positions will be closed soon and we will lose everything.
After this period of crazy long buying, all the funds in their hands have been used up.
However, their opponents have sufficient funds and are constantly placing large numbers of short orders, with no signs of funds drying up.
Now they no longer have the strength to continue attacking and can only watch their opponents continue to suppress the price of platinum.
Thoros was now sitting in his favorite chair, listening to his subordinates' reports without saying a word.
This time, Thoros admitted that he had really miscalculated. He did not expect that Jiang Cheng had so much funds.
He knew that the assets of the Universe Umbrella Group were huge, but he didn't expect that the amount of cash that could be withdrawn was also so huge.
Generally speaking, a company will not keep too much cash, and the excess money will be used for investment or expansion of the company.
Thoros had never imagined that a businessman like Jiang Cheng could have so much cash.
This time, Jiang Cheng took out 60 billion US dollars at one time, but it did not affect the operation of the Universe Umbrella Group at all, as if he could still take out tens of billions.
Such bottomless funds made Thoros feel a little scared.
It's not that he can't raise money now. If he is willing to swallow his pride, he can still raise tens of billions of dollars.
But he was afraid that even if he added more funds, Jiang Cheng would be able to take out several times more money than him.
Now he is no longer afraid to continue investing, because no matter how much money he has, it cannot compare to Jiang Cheng's.
But Thoros would definitely not be willing to give up just like that.
Thoreau had been active in the financial field for so many years and had never suffered a 3.0 defeat. It was a shame for him to lose to Jiang Cheng, an outsider, this time.
The most important thing is that he was still crushed by Jiang Cheng's funds. Thoros would rather die than see this feeling of being humiliated by money.
Don't continue to release long orders. Just keep the long orders we have now. We really can't afford to continue investing.
I will think of other ways to see if I can drive up the price of platinum.
Thoros finally said a few words to his men helplessly, and then fell into deep thought.
He is not planning to make any move in the futures market now. He wants to defeat his opponent through other means.
This is Thoros's back-up plan. Now Jiang Cheng has forced Thoros to use his last trump card.
(End of this chapter)