Chapter 1263 London Gold and New York Gold

   "Daren, this is the trend of London Gold (spot gold) in the last year.

   It can be clearly seen that after the Bear Stearns incident broke out in March last year, the price of gold broke through the $1,000/oz mark and reached a maximum of $1,032.7/oz.

   In the following months, it has been ups and downs like the U.S. stock market.

   Until September, when Lehman Brothers fell and the global financial crisis broke out, the safe-haven property of gold was completely activated.

   In just one month, the price of gold rose from $746.47/oz to $931.18/oz.

   Then crude oil fell, which also brought gold to collapse, falling to 682.41/oz in half a month.

   That month and a half of gold was like a roller coaster ride, with both bears and bulls dying a lot. "

   Li Yaozu, who was far away in London, was talking to Xia Jingxing through the video call system. Behind the former, there was a screen showing the trend chart of spot gold.

   Among them, the "W" shape of the gold price in September and October is very obvious. The two valleys are like two big mouths. I don't know how many innocent souls have been swallowed.

  Especially at the second bottom, I don’t know how many investors who went to go long gold died after seeing the collapse of Lehman Brothers and spawning a global financial crisis.

   I have to say, it’s another tragic story of bargain hunting to the top of the mountain!

   "From November last year, the price of gold finally resumed its rise, and it continued to rise until February of this year, that is, last month, when it once again reached the thousand-yuan mark, reaching an intraday high of $1,006.29 per ounce.

  This position is a bit high, we want to wait for a better entry time.

  The opening price of spot gold today was $939.8/oz and the closing price was $921.97/oz, a decrease of 1.85%.

  My team and I have researched and judged that there is a high probability that the price of gold will fall below $900/oz. That is the best time to enter the market. "

  Xia Jingxing chuckled, "Wait? How long? Haven't you seen Citibank's prediction that the price of gold will hit $2,000 an ounce in 2009?"

   Li Yaozu also laughed, "The predictions they released are too dirty to wipe your butt."

   Abel, Liu Hai, Jiang Ping and others in the room all laughed.

  Ass decides ratings and reports!

  Wall Street investment banks are very familiar with doing this kind of thing, and they are also stinking the streets among institutional investors.

  Xiaosan may still believe in these investment banks.

   But institutional investors were the first not to believe it.

   These are all lessons learned from blood and tears. You think investment banks are bullish on gold, but it is actually a smoke bomb released by their retreat.

   "Both Paulson and Soros have urged me several times. They have both set up ambush. Only our main funds have been delayed."

  Li Yaozu adjusted his glasses and said with a smile: "Otherwise, Xia Sheng, let them go short and cover us from entering the arena.

   Now short gold, you can create at least 10 points of floating profit.

   After we enter the market, they will backhand long, and then we will lift the spot gold market together. "

   Xia Jingxing said angrily: "We are just allies, they are not my subordinates, I can direct them.

   Stop making these unrealistic spring and autumn dreams, and quickly find a good position to enter the arena.

   Gold will definitely rise this year. Now is the last chance to enter the market. If you miss it, you really miss it. "

   Speaking of this, Xia Jingxing felt a little regretful, Paulson and Soros were too shrewd, they entered the market last year, the holding cost was less than US$700/oz, and the investment floating profit had reached at least 30%.

   This is still not the case of leverage, count the leverage and make a lot of money.

  Envision Capital is moving slowly, liquidating old funds and raising new funds, and it is no longer in the best position to enter the market.

   But gold is still worth investing in, because its market is big enough to withstand Vision Capital’s ups and downs in it.

   "Oh, yes, Xia Sheng, gold futures on the New York Mercantile Exchange, also known as New York Gold, I suggest to allocate a part."

   Xia Jingxing replied: "This is up to you to arrange freely. It gave you a total of 10 billion US dollars, even if you use all of it to go to the gold market."

  Li Yaozu said with a smile: "The leverage of spot gold in London is nearly 100 times, and the leverage of gold futures in New York is 5-15 times.

  Xia Sheng, I think it is better for our team not to use the TRS trading tools provided by the two major investment banks.

   The maximum leverage is 300 times, I am afraid that my heart can't stand it. "

  Xia Jingxing smiled, "I didn't ask you to put all your money into the transaction at one time, wouldn't you leave some money for a margin call?"

   "But the two major investment banks will monitor the accounts, and they will also require margin calls, which will add a lot of pressure to trading."

  Xia Jingxing also thought about it, a hundred times leverage is already very exciting, and there is really no need to double happiness.

   "Well then, your team doesn't have to sign a total revenue swap agreement."

  Li Yaozu showed a happy smile, and the whole person's mind was relieved a lot.

   He was really afraid that Xia Jingxing would triple the leverage for him, that would definitely be dancing with shackles on. Not to mention the restrictions, it could easily lead to catastrophic consequences.

   Seeing that the boss finally looked towards him, Ye Shuhui on the other screen said with a smile: "Xia Sheng, our team is going to buy the bottom of Hong Kong stocks."

   "What are some good bargains for Hong Kong stocks? Although your team is in Hong Kong, the investment location does not need to be limited to Hong Kong Island."

  Xia Jingxing shook his head. It was not that he looked down on Hong Kong stocks, but that the quality of Hong Kong stocks was indeed a bit poor. It was not some real estate listed stocks, but also government-run enterprises and traditional private enterprises that came to the mainland to list.

   In terms of growth, it is not so good.

   Moreover, Hong Kong stocks are not as badly hit as US stocks, and the rebound will not be as violent as US stocks.

   Ye Shuhui replied, "Alright then, let's try to look a little further away."

  Xia Jingxing nodded slightly, Liu Hai, Jiang Ping, and Li Yaozu each managed US$10 billion in the newly raised US$35 billion fund by Envision Capital, and the remaining US$5 billion was handed over to Ye Shuhui.

  This fund allocation plan is determined by the performance of last year, and also has a certain relationship with the market in which each office is located.

   In general, the current Hong Kong stock market is indeed a bit bad, and there are few listed Internet and technology stocks.

   Originally, the penguin was okay and belonged to a big bull, but his luck was deprived by him, and the future prospects were not good.

  Ali, not to mention, invest a few years and wait until privatization, and you can mix a listing price.

  Xia Jingxing thought for a while, there are not many stocks that are particularly suitable for long-term holding in the huge Hong Kong Stock Exchange.

   You can only survive by speculating.

  Thinking of this, Xia Jingxing specifically asked, "How are the listed companies under the Li family doing recently?"

   Ye Shuhui didn't know why the boss suddenly asked this, so she had to explain it one by one.

   "Their investment activities in the world have stopped, especially in the mainland market, and they have completely stopped acquiring land.

   But the old man and Zou Xuan went to London recently, and they were walking around the street with their fingers clasped together, and were photographed by a group of reporters.

   When the reporter asked him what his relationship was with Zou Xuan, the old man always answered the same sentence "confidante".

  You said, Old Man Li is a man with half of his body buried in the ground. What is Zou Xuan following him without asking for a name? How old is he? "

  Xia Jingxing hurriedly stopped Ye Shuhui who was chatting more and more gossip, "You said the old man went to England?"

  What are you going to do? Could it be a copycat?

  Xia Jingxing felt that his guess was approaching the truth.

   The former Shi Li Huangtai started to invest in the UK on a large scale almost from this time, and then in two years, he would start to sell off Hong Kong Island and mainland assets, completely tearing off the mask of hypocrisy and exposing the most real businessman's face.

   (end of this chapter)