Chapter 617 The confrontation on the LME copper (2)(1/2)
"It is difficult to implement this operation strategy."
Wendell frowned and said, "But he has invested so much. If we want to turn the situation around, no matter how difficult it is... we have to give it a try."
"I will discuss with the president, and I will also try to contact HSBC, Standard Chartered, and Allianz Capital."
"As long as the interests are sufficient, I believe everyone will agree," said George Bruce. "Our Adam Fund will also take over the market when necessary, resist the short attack and buy time."
"Okay!" Wendell nodded and hung up the phone.
After hanging up the phone, George Bruce came back to his senses and continued to look at the price of LME copper that had already dropped to around $7,963, and said in a deep voice: "Su, you will not be so lucky anymore. I will definitely turn the LME copper market into a battlefield to kill you, making you hate it!"
In fact, the secret trick he came up with was not only to help the main bulls turn the decline and compete for that front-line opportunity, but also to take revenge.
Xize's death made him feel resentful and he couldn't let it go no matter what.
In the battle of Hong Kong City, his final retreat made him realize that the Hong Kong City Financial Management Bureau was at the end of his strength and could not provide funds to save the market, so he almost cried with regret.
At that time, Xize's strategy was right. If he could bet on all the funds and force the Hong Kong City Financial Management Bureau to get a fight, Xize might be able to win the whole game.
He wouldn't be killed in the Harbor City by a little slut.
He was determined not to make a second mistake again, so... no matter what, this time, he must do his best to fight Su Yue in the London financial market to the end.
No one responded to George Bruce's bold words.
In the entire trading room, traders typing on the keyboard, concentrating on trading.
In the stock market, when Barclays Bank sold Lloyds Bank's stock price began to fall sharply, seriously underperforming the market, becoming the financial stock that fell the most severely on the market after Beiyan Bank's suspension.
Bond market, the three main bond futures, 326, 413, 419.
After a 20% sell-off in the early trading and the bulls were in a large number of positions, they were still falling slowly. By 2 pm London time, it had fallen to the 78.86 pound price, with a discount of nearly 25%.
The losses of 'Pacific Asset Management' in the bond market have continued to expand, reaching about 15% of the total funds.
After Waltergu cursed Flins and Ulysses of Barclays in his heart, he was helpless in the face of traders constantly adding margins to prevent fund positions from falling off.
The panic became more and more intense, and at this moment, he had no power to fight back.
Regardless of the oral agreement of the bulls' joint team, they cut their positions and eliminated them? That will not only instantly push the prices of several bonds' main futures to the bottom, giving the shorts more profits, but will also cause greater losses to the various funds of the Pacific Asset Management.
The key is...he is unwilling to give up!
Furthermore, it is not a situation where there is no rescue at all, and it is not the time to cut the position.
Although the market in the entire London financial trading market became more and more intense in the panic, the capital investment of both long and short sides not only did not decrease, but continued to increase.
The bulls were defeated, but the bears soared.
As one goes up and down, the tide of funds has not receded.
He felt that using the long positions of pounds in the foreign exchange market could also recover their disadvantages, make up for losses, achieve perfect hedging, and be safely eliminated.
He is waiting for the market to roar news that the liquidity of the pound is tightening.
"Damn, what happened to Lloyds Bank?" Unlike his depression and calculations, Ampton seemed much more irritable than him. "After the collapse of North Rock Bank, will Lloyds Bank also collapse? But they are retail banks, and their focus is not on various mortgage loans at all. It has little to do with the 'sub-loan crisis'!"
After believing George Bruce's nonsense.
Aolan Capital has taken over most of the plunge in financial stock chips. Its position is heavy and its losses are quite serious.
Ampton is ruthless and his operating style is usually extremely fierce, but even if his operating methods are fierce, he will never fight a battle without confidence.
Therefore, although Aolan Capital has a bad reputation, its scale and performance are also rising in his hands.
But now...
He was deceived by the joint of several major capital giants in London and fell into a trap that Chinese capital had dug in advance. Although several major capital giants were losing money, they were all united to survive.
But judging from the current situation, the stock market and bond markets have fallen the most.
The losses were also the worst losses of the two major "asset management groups" under Allianz Capital, which made him full of anger and irritability, and he could not suppress them at all.
At this moment, I was deeply trapped in it...
It is impossible to cut a position, and you want to fight back, all kinds of negative news, suppress your emotions, and follow the trend, making it impossible.
In a dilemma, he really couldn't think of anything.
"Large institutions are panic selling!" Walter Gu looked at the market where Lloyds Bank was falling sharply, and said, "It is not necessarily related to changes in fundamentals. Lloyds Bank's leverage ratio is very low, not comparable to those of Beiyan Bank. Don't be confused because of anger."
"The temporary floating losses in the financial trading market are not scary."
"The opportunity to turn defeat into victory always exists. As long as we can catch it, it is unknown who will win."
Ampton rubbed his temples, forced himself to calm down, and replied: "I was still hit by the old fox Flins's plan, which led to the current situation."
"You are right. For the sake of the current plan, you can only find the opportunity to turn defeat into victory."
While the two were talking, as the middleman between the main players of the bulls, Wendell called and repeated George Bruce's plan.
“LME copper…”
Walter Gu hurriedly asked his assistant to switch the trading interface, switched the market display of the trading room's large screen to LME copper. After watching for a long time, he was surprised: "It's true that it's here. Mr. Su from the Chinese capital team has a big appetite. He actually wants to kill stocks, debts, three-term futures, and wipe out the main bulls."
"What does Mr. Waltergu think?" Wendell asked in a deep voice.
Waltergu was silent for a while and said, "Mr. George Bruce is worthy of being a top-notch trading expert on Wall Street. I think the method is feasible."
"Mr. Su from the Chinese capital team trapped us in the stock market and bond market, and borrowed Beiyan Bank at the same time, triggering a 'sub-prime mortgage crisis' and constantly forcing us."
“Swallowing our profits.”
"We can take advantage of his appetite and greed, borrow LME copper, lock his funds with the backhand, so that he can face the situation of fund tightening and collapse across the board."
"In terms of capital size, Chinese capital cannot compare to us."
"In addition, Mr. Su is alone and fighting on the third line, and the capital chain is too long and affecting each other. We only need a strong counterattack to force him to have a mess in the front line and be forced to make a large-scale recovery."
Ampton thought about it and nodded slightly: "It's indeed a good idea. Although it's a little bit sinister and deliberately disrupts the rules of market operation, this kind of conspiracy is exactly what I like and are good at. Mr. George Bruce, who can come up with this trick, deserves to be the elite of Wall Street."
"Then it's decided," Wendell said. "HSBC, Standard Chartered, I've already known it and agreed."
"In Chile, our Allianz Capital has investments and can also help." Waltergu said, "In the market, the bulls are stubborn and fragile, and people keep losing their positions."
"The Mr. Su from China Capital dares to increase his position on LME copper short positions on a large scale, so there must be his reason."
"After the outbreak of the 'sub-prime crisis', various crises have been increasingly trapped in the global financial system and financial trading markets, and have brought the overall market trend from the long market to the short market."
"Time is not on our side, so... if you want to create this opportunity to counterattack, you have to complete it as soon as possible. Otherwise, when the market plummets for another two days, I'm afraid everyone will be powerless."
"Then please let Mr. Waltergu tell Chairman Andre." Wendell said, "Let him help and work with us to make this happen."
"Okay, no problem!" Waltergu nodded.
The two sides agreed, then hung up the phone, and Waltergu reported the feasibility plan to the headquarters.
After hearing this, Andre felt that this was not a problem and that it was worthwhile to reduce the losses of companies trapped in the London financial market, so he happily agreed.
In the afternoon, the London Financial Trading Market closed.
Whether it is the stock market, bond market, or futures market, it is extremely tragic.
The FTSE 100 index continued to plummet by more than 4%; 326,413,419 These three bonds and main bond futures, which are deeply related to ‘subordinate bonds’ and ‘house mortgage loans’, closed at 77.89 pounds, down more than 25%, and the transaction volume hit a huge amount, with huge losses. There were countless people who broke the position; LME copper was strong for several days, and it suffered a plummeting today, with a drop of about 6%, breaking through the integer mark of 8,000 US dollars, and there were many people who broke the position.
Following several major capital forces in London, they squeezed short China Capital in the early stage, and were a heavy participant in Wall Street Capital.
Especially speculators who have added heavy leverage to this end, facing high debts and despair after the liquidation, many people have stepped onto the rooftop.
This is another black Monday after last week's Black Thursday and Friday.
The stock market, bond market, and futures market are three kills, countless people are wailing and despair, countless people go bankrupt, losing their savings and wealth accumulation for many years.
The ‘Subprime Loan Storm’ made its debut for the first time after the fall of Beiyan Bank.
It destroyed countless bulls and allowed hundreds of billions of dollars of wealth to be wiped out from the global financial trading market in an instant.
The entire Chinese capital team, New York Bank Melon Capital Group.
In one day, more than 2 billion pounds of profits were earned, making up for all previous losses and making substantial profits.
These profits were plundered from the bulls under the "subprime mortgage storm". Although many of them were the hard-working and hard-earned money accumulated by ordinary investors throughout their lives.
But in the cruel battlefield of the financial trading market, there is no right or wrong, only win or lose.
No one will feel guilty between profit and loss, nor will one pity those who have lost all their money and jumped down from the rooftop.
Under the powerful sweep of the ‘subprime mortgage storm’, after the European financial markets in Asia and Europe suffered a short-selling bloodbath.
The North American market finally opened, but it could not escape the fate of a plunge.
As the crisis deepens, the US stock market, which has always been strong, has been abandoned by major institutions and investors. Everyone wants to avoid storms and risks, and they all want to hold coins, but not shares.
Panic selling has swept across the world, and the financial bull market that lasted for several years has ushered in a reversal and collapse.
During the collapse of the entire global financial market, only one variety has been surging rapidly. During the plunge, it continues to hit new highs, that is, gold. The crazy rise in risk aversion sentiment has made gold the hardest hard currency.
London time, around 7pm.
The London Metal Exchange announced the inventory of various metals such as copper, aluminum, zinc, tin, etc. The inventory of LME copper has not changed much compared with the previous one. This proves that the market demand for fine copper remains stable, without too much fluctuation or sharp decline in demand, which constitutes certain support for the price of LME copper.
But everyone knows that expectations have changed.
Even though the previous needs remain good, the future... is not necessarily the case.
To be continued...