Chapter 286 Long and short confrontation
Clear Water Bay Golf Course is the most beautiful golf course in Dongzhu.
It is considered a waterfront golf course, with most of the greens built on the waterside.
Chen Jianing first took Chen Lidong to the training ground, changed his clothes and handed him over to the coach and caddy, while he went to pick up the client himself.
The training ground has two floors, the upper floor has fewer target positions and better service facilities.
Chen Lidong tried out several models of clubs, and then began to swing and hit the ball to find the feeling he had back then.
In another life, a golf course covering an area of more than 2,000 acres was built in Binhai County. Chen Lidong visited it many times to receive leaders and customers.
After standing at the target position and shooting all the boxes, he gradually regained his feeling. His feet, legs, waist, shoulders, elbows, and hands became more coordinated, his swing became more standardized, and his hitting became smoother.
The coach on the side was a little surprised. This was not a beginner at all.
Just when Chen Lidong felt his left hip was a little sore and his palms were sweating, and wanted to take a rest, Chen Jianing's voice sounded from behind him: "Hey! You learn so fast? You've been beaten before, right?"
Chen Lidong continued his action, and the ball fell in an arc to the green in the middle of the lake. Then he turned around and said, "How difficult is this? You can learn it once you learn it. Oh...this is..."
At this time, there was a white man in his 50s beside Chen Jianing. If he is correct, he should be Chen Jianing's client - Daman Griffiths, the general manager of Rio Tinto International Mining Australia.
This is a fat old man with a bald head, a protruding belly, two gray beards under his garlic nose, and smiling eyes, which makes him feel approachable.
Headquartered in Wudu, Rio Tinto is mainly engaged in the mining and smelting of zinc, copper, lead, uranium and aluminum. It also operates special steel, iron ore, borax, aluminum products and oil exploration, hydropower resource development, etc., with industries covering 30
Multiple countries.
This company also has iron ore mines in Western Australia, which are managed by Daman. The main customers of the ore are the steel companies in Sun Country and Huaxia. The distributor here in China is Jiajia Company.
Chen Jianing introduced the two to each other.
Daman was very talkative, and the three of them sat around a booth and started blowing to each other.
Chen Jianing has lived in Sam for several years and has no problem speaking English.
Chen Lidong has been dealing with international friends over the years and has mastered foreign languages.
The communication between the three of them was smooth. After a few opening remarks, Daman began to unleash his barrage on Chen Lidong: "I heard from Miss Chen that you are here, and I eagerly hope to meet you.
I admire you very much. I heard that you dug up gold in the Arctic a few months ago.
Who wouldn’t want to own a shiny baby? It’s a pity that I’m old and can only bask in the sun in Dongzhu.”
Chen Lidong said shyly: "You have given me the award. We started late, so we can only explore in every corner."
Daman raised his beard and said in a disapproving tone: "Sigh... We miners must not be afraid of hardships and continue to explore new treasures. I can only scold those who rest on the foundations created by their predecessors and do not want to make progress.
They say 'parasite'.
You know, in my company, I often tell the young people to follow your example."
Chen Lidong said nonchalantly: "Don't dare, I'm really nothing compared to seniors like you."
At this time, the caddy brought the drinks ordered by the three of them.
Chen Jianing and Chen Lidong asked for juice, while Daman asked for a cocktail. After taking a sip, the old man said: "Summer is here in Pease, and the weather there makes my skin very uncomfortable. So I am planning to spend Christmas in Dongzhu.
I hope it won’t disturb you.”
Chen Jianing took up the conversation and said words of welcome and blessing.
After the vehicles, equipment and service personnel were in place, the three of them began to get off the golf course and challenge the various holes in Clear Water Bay.
Clearwater Bay is a standard 18-hole course, including 4 par 3 holes, 10 par 4 holes and 4 par 5 holes, with average difficulty.
The three of them are just having fun and don't pay attention to the rules. Whether it's a three-shot or a seven-shot, as long as someone scores a goal, they will start moving to the next hole.
Chen Lidong discovered that both Chen Jianing and Daman's playing skills were average, and they actually allowed him to lose a few holes.
At the end of the golf course, 18 holes should be played, and it will be sunset after this round.
Daman was in high spirits and kept saying: "When I was young... I think back then..."
Dinner was arranged in the clubhouse of the golf course. Daman prepared Cantonese food in person. Although he was a foreigner, he insisted on drinking high-grade Wuliangye.
This guy really has a good drinking capacity. After a few ounces of wine, he started to drag Chen Lidong to drink, and he kept nagging: "The Chinese liquor is better. Alas... I thought the Chinese people were all big drinkers, but you today
The performance was so bad that it gave me a new perspective on the Chinese people.
Come, Miss Chen, let’s drink together, you Chinese women are better than men!”
After doing this, Chen Lidong had to pick up the cup and kept cheering, so he was carried back to the hotel where he was staying in the middle of the night.
Chen Lidong was fast asleep, but in a certain room in the same hotel, Clive was busy.
Suddenly the fax machine in front of him buzzed, and two pages of paper were spit out by the machine.
Clive picked it up and looked at it carefully, with a sinister smile on his face.
That was a piece of news published in the "Fog City Morning Post": "Affected by the collapse of the Kloof underground mine, the largest gold mine, mining workers in the Rainbow Country began a general strike, demanding improvement of working conditions, employee benefits, and reduction of working hours.
This strike has spread to several high-yield gold mines such as Beatrix and Mponeng.
Industry insiders predict that the world's gold production will be reduced by at least 60 tons in 2000 due to the impact of the gold miners' strike.
This reporter learned that the five major gold banks at the Wudu Gold Exchange will increase the gold spot/spot trading price, and the gold futures trading price will also increase accordingly..."
Clive put down the two pages, still not wanting to sleep.
After midnight, the fax machine rang again. Clive walked over impatiently and grabbed a page of thermal paper in his hand. There was only one sentence on it: "The closing price is 346 dollars per ounce."
Clive put this piece of paper together with the previous two, feeling relieved.
Rainbow Country is the largest gold-producing country in Blue Star. Although the collapse of the gold mine was not serious, under the operation of thoughtful people, it still triggered a strike among gold miners.
It is estimated that it will take more than a month to calm down the incident and resume production. The 60 tons reduction in gold production may be an exaggerated figure, but it is enough to cause price fluctuations in the gold market.
The direct effect of reducing gold production is an increase in gold prices.
Since it was close to night in Dongzhu, the news failed to spread in Dongzhu after it was sent out.
For the afternoon trading in Wudu, the time for Dongzhu is to open at 8pm and close at 24:00.
Wudu’s closing price was 346 knives per ounce, which was 8 knives higher than the opening price and 10 knives higher than Dongzhu’s afternoon closing price.
Clive is convinced that the price of gold will rise even more as soon as Dongzhu opens in the morning.
In the evening, he met with Kipling again and saw the photos taken by Kipling: At the close of the afternoon, Reiner only had a few tens of thousands of dollars in maintenance margin left in his account, and all 200 million dollars were turned into short positions.
If the position is full, the market trend is opposite to that of Lena, and the loss should be big now.
Should that kid close the position and exit the market, or add a margin call to protect the market? In a few days, this month's futures will be delivered. If there is not enough funds injected tomorrow, Lainer's account will face the risk of liquidating the position.
The gold miners' strike is only the first step to stir up the gold price. Clive and his partners are also planning another action. A double-gun-style operation will make the world gold price agitated.
Clive, Jenna, Daman and others have already ended up going long, and this rise will also make them a lot of money.
During the day, Sun Xuesong was transferring the last amount of funds to the account of a trading company in Britain. The purpose of the funds was to purchase a batch of scrapped cars from Britain by the Far East Car Scraping Factory.
Now all the funds he can use have been transferred to several companies in Britain.
A few days ago, Andre was responsible for also transferring Anmei Sen's funds to Britain.
These funds were deposited into Longxing Bank's office in Wudu, and then transferred to Lennar's member account at Wudu Gold Exchange, with the total amount reaching 400 million U.S. dollars.
From a business perspective, Lennar acts as a broker to conduct gold investment operations for clients. Such operations are routine business and do not need to be reported to the board of directors, let alone announced.
The people handling these funds are Edmund and Liz.
Lennar's financial officer, Bray Gerald, was in charge of the company's investment transactions in Dongzhu at this time.
Edmond has been appointed as the executive director of Lennar Co., Ltd. and also serves as the head of the Wudu branch.
On the surface, Liz is supervising the safety of customer funds on behalf of Longxing Bank, but in fact she is acting as a trader.
According to Chen Lidong's instructions, the "customer-entrusted" funds entered the futures market and were handed over to Edmund for long positions.
Dongzhu goes short and Wudu goes long. This is Chen Lidong's way of dealing with the trap.
Being able to calmly deal with this crisis lies in having enough confidence and having enough cannonballs.
When outsiders saw him spreading money around China to invest and build projects, no one believed that he still had the ability to raise funds to deal with the traps he had set.
And a certain person likes to see his opponent lose his face.
...
The next morning, Dongzhu's "South China Morning Post" published news about a general strike by Rainbow Nation gold miners and the bullish news about Wudu Gold.
Dongzhu gold futures opened at $346 per ounce in the morning, with each contract rising by $10 from yesterday's closing price.
At 9:30 in the morning, everyone still didn't know the news. They were waiting for Chen Lidong to get up and then go to the exchange together.
Gerald suddenly received a call from the exchange, saying that there was a risk in Lena's account. Please explain the reason and make up the margin in time.
After asking for details, Gerald learned that at the close of trading yesterday afternoon, all the funds in Lena's account were turned into short positions, and the short positions held were close to 600,000 lots.
The liaison officer of the exchange said: "Now the equity of your account has become negative. If the margin cannot be called, we will forcefully close your position during settlement in the afternoon."
Forced closing means forcibly closing a part of the contract for you to ensure that funds can maintain the position of the remaining contract.
The liaison officer also said: "The price of gold is still rising and has reached 348 dollars per ounce. Please make a decision quickly."
Gerald was dumbfounded. Yesterday afternoon, he received a call from Chen Lidong, who was responsible for handling a fund transfer. The futures trading was handled by Jipling. He didn't know why Jipling shorted all the funds in his account.
Gerald is also a novice in futures trading, but he has also gained some knowledge during this period. He understands that Kiplinger's approach is called "full position" operation, which is not allowed. Without the company's authorization, even
Illegal.
He quickly contacted Kipling, but the other party's phone was turned off!
Chapter completed!