Chapter 753 Panic spreads

   At the same time, Jim Chanos, Paulson and others also launched the same advocacy actions as Bell Stone and Gross in Ireland and the United Kingdom.

  Different from Zhongshi, Gross and others, Jim Chanos and Paulson are far more recognized in the British Isles than they are. After all, Britain is a country highly connected with the United States and speaks the same language.

  Every seat is full!

Naturally, unlike others, Paulson is not advocating that there will be a debt crisis in the UK, because England is not a country in the euro zone, they have their own independent currency issuance rights, and there is no national debt rating. No worries at all.

Paulson is talking about the prospects of the British economy. Of course, he will inevitably talk about the economic situation in the Eurozone, because 60% of England’s trade imports and exports are closely related to the Eurozone economies. Of course, the hottest recent events cannot be avoided. debt crisis topic.

   In Dublin, Jim Chanos has no such concerns. He bluntly declared that Ireland faces the same problems as Greece, and to some extent even worse than Greece. The most serious situation is that Ireland is very likely to withdraw from the euro zone because of the debt crisis.

   These words naturally caused an uproar.

  The next day, what these people said began to be published in the media.

  Portuguese "Express" front-page headline reads, "Bond King" appears in Lisbon to talk about the economic crisis.

  In the article, the reporter wrote:

"This investor, who enjoys a great reputation in the bond market, did not know why he appeared at the American Embassy in Lisbon. To dozens of guests, he announced that Portugal's national debt would be in trouble. What is the motivation. But we still faithfully recorded the full text of his speech for readers to analyze themselves.”

  Next, it is Gross's long speech.

  In Spain, the "Avantgarde" reported this:

"Exclusive to this newspaper, last night at the US embassy, ​​a financier from Hong Kong gave a shocking speech. In the speech, the man named Zhong Shi declared that the Spanish economy may be in trouble. After our The financier was once accused by the SEC. Although it was finally settled, the credibility of the financier was also hit hard. Some analysts believe that such remarks are generally to attract attention. This The newspaper also confirmed that the man had personally claimed that the purpose of these remarks was to attract the inflow of funds.”

  For the Western-speaking region, Zhongshi’s name is far less prominent than in the English-speaking region, so this report only caused some small-scale influence among professionals, and then fell silent.

  In the British media, Paulson and Jim Chanos aroused much greater repercussions.

  The famous British tabloid "The Sun" described Paulson in this way:

"He is not tall, he is not burly, and he has a bookish atmosphere. But it is such a guy who made a full 20 billion US dollars two years ago and is the emperor of the entire financial world. At the reception held by the US Embassy, He told the guests that the Eurozone will fall apart! Yes, you read that right, it will fall apart!"

   On the Irish side, compared with The Sun, the Irish Observer is much more cautious in its words:

"According to reliable information from this newspaper, Jim Chanos, a well-known short-seller in the international financial market, appeared in Dublin a few days ago and delivered a speech in a private place. The content is roughly that Ireland may follow in the footsteps of Greece. According to professionals Judgment, Jim Chanos has always been famous for being bearish, so what he said may be exaggerated, or may contain unknown motives. We have no way of judging the specific circumstances.”

  …

  These newspapers don’t talk about the differences in styles and reporting positions, but only talk about their commonality, that is, they have a large circulation, and they are basically the newspapers with the largest or second largest circulation in the country. Therefore, after these news appeared, they were quickly reprinted by heavyweight professional media such as Bloomberg or the Financial Times.

   Soon, the news spread throughout the financial world.

  Although among these reports, the most content is only the Portuguese "Express", which can be regarded as a complete record of the full text of Gross' speech. As for the others, they were either more exaggerated to attract attention, or they were vague. But for the financial market, these people are all famous figures.

  Where they appear is the focus of the market.

The European bond market soon became turbulent, and funds began to flee in batches, especially in the Iberian Peninsula of Southwest Europe. The national bonds of Portugal and Spain almost fell in response. Although the range was not very large, anyone with a discerning eye could It can be seen that the rate of return continues to rise.

  In the foreign exchange systems of these countries, the net outflow of funds also began to increase slowly. Of course, this magnitude is almost negligible compared to the size of their economies. But in the eyes of Zhong Shi and others, these signs turned into another scene.

  At the same time, in the foreign exchange market of the euro and the US dollar, the short position of the euro is also slowly increasing, while the position of the US dollar is gradually increasing. Again, these signs are very subtle, but in the eyes of professionals, none of this is hidden.

  …

   "The strategic goal has been initially achieved!"

  A week later, Zhong Shi held a conference call and said to everyone, "Let's proceed to the next target strategy!"

"Next step?"

   Paulson asked puzzledly, "So far, what's the next step? We just need to wait quietly and wait for those European countries to announce their own fiscal deficits!"

   "That's right, what I did before, I'm afraid it has fallen into the eyes of interested people. We should calm down a little during this time!"

   Gross agrees.

   This time the full text of his speech was leaked, which he did not expect. But that's fine, at least it's justifiable for him to talk about bonds. Unlike the others, the conspiracies are too strong.

   "You are right, in the next stage we will indeed switch to a low profile."

  Zhong Shi knocked on the table and agreed with their proposal, "In the future, our main focus will be on the gold and foreign exchange markets, and we will try to complete all the preparations before they release the data."

   "..."

  Everyone was silent, expressing that they had no objection to Zhong Shi's words.

"Currently in the COMEX market, thanks to the falling market in the past few days, we have much less pressure to build positions. The price of gold closed today at $1,141 per ounce. But these positions are not enough to support our ambitions. Therefore, I ask everyone Within three days, go all out and push down the price of gold to around $1,100."

"what?"

"This…"

   There was a commotion.

   It seems that within three days, the price of gold has been suppressed by about 41 US dollars, but the decline is about 3.6%. On average, the daily decline is only about 1.2%, which seems to be easy to complete.

  But for the gold market, if there is no obvious news impact, it may cost hundreds of millions or even billions of dollars to complete a 1.2% decline.

  As soon as Zhong Shi's suggestion was put forward, it immediately caused a backlash from others.

   "Gentlemen, if you don't agree, then I have to open the position myself!"

  The corners of Zhong Shi's mouth twitched violently, and he clenched his fists, feeling very speechless at the short-sightedness of these guys. However, before making a decision, he had to notify these guys so as not to "accidentally injure friendly troops", so the current situation made him quite helpless. He had no choice but to say, "Although the long-term trend is optimistic, but if you don't If you take action, Tianyu Fund will also take action during this period. If any of you close or open positions because of this, don't blame me for not reminding you!"

   "Mr. Zhong, can I ask you a question?"

   The others were also speechless for Zhong Shi's tough answer. Indeed, Zhong Shida could leave them alone and act alone. Although the other party told them, but their dispensable attitude towards them really made their teeth itch with hatred.

   After a long silence, they quickly understood the gains and losses, and had no choice but to bow their heads.

  Ackerman was the first to react, before everyone else, and asked Zhong Shi, "What range is the most reasonable price for gold in your mind?"

"Reasonable?"

Hearing this, Zhong Shi laughed immediately, "There is nothing reasonable or unreasonable, except that it is out of our control. To tell you the truth, so far, Tianyu Fund has more than 170,000 lots. order, but it is not enough for our goal, at least I have to absorb more than 250,000 long orders in the market.”

"what?"

"Are you crazy?"

"This…"

  The people waiting by the phone were shocked again.

  According to the current gold price, the value of the first-hand contract is about 114,000 US dollars, and the value of long orders absorbed by Zhongshi has so far been close to 20 billion US dollars. And he still needs to absorb 250,000 lots of long orders, which means that he still wants a position of about 28.5 billion US dollars, and the sum of the two is close to 50 billion US dollars. This figure is very scary.

Of course, because of the margin problem, the actual funds used are not 50 billion US dollars, maybe even less than 5 billion US dollars, but in the face of fluctuations of 50 billion US dollars, in order to maintain this huge position, the excess margin that Zhongshi needs to prepare It will also be an astronomical figure.

   "How much money have you prepared?"

Immediately shocked by Zhong Shi's generosity, Ackerman was silent for a while, and then asked cautiously, "A fluctuation of one point means that 500 million US dollars has entered or disappeared. Your scale is too huge. I'm afraid no one else can afford it except you!"

   By the end, he was frustrated.

  The others were silent, including Delio.

   For a long time, Delio thought that he was almost the same as Zhong Shi, but judging from today's performance, he clearly realized how big the gap between himself and the other party was.

   "About $20 billion!"

Zhong Shi replied lightly, "Take it easy, my friend, now is the time when the panic is gradually spreading. Before everyone has reacted in the early stage, it is a good time for us to build a large position. If you miss it , I don’t think there will be such an opportunity in the future.”

   "If the 20 billion US dollars are all lost, I will admit it. But I believe in my own judgment on the market. Gentlemen, I have told you all about my plan. Whether you decide to follow it is up to you!"

"I agree!"

   Paulson was the first to jump out, and said excitedly, "As the so-called wealth and wealth are in danger, I have already won the bet once, and the worst is to start all over again. I believe Mr. Zhong, gentlemen, listen to me, there is nothing wrong!"

   Unfortunately, despite his enthusiasm, no one spoke.

   "Okay, let's follow the previous voluntary principle. Those who don't want to operate don't force it. But if someone enters the gold market, please be sure to keep in touch with Tianyu Fund, otherwise don't blame me if you get hurt by mistake!"

Zhong Shi's faint tone could not hear any emotion, which made everyone's hearts tense again, but before they could recall it, Zhong Shi continued, "There is not much time left for you. But Before you make a decision, we have one more thing to do!"

   Thanks to the book friends who cut off the oil, the old Nafa who stepped into the air, and the Jue Juejue who voted for the monthly ticket! Thank you book friend 151219203604949 for your reward! I am very glad that many new book friends have collected this book, thank you for your support for this book~

  

  

  (end of this chapter)