America's Road To Wealth Chapter 27

  Chapter 27 Profit of 1.954 billion

  David Mellon has been working on Wall Street for seven years.

  Worked in a top financial company like Goldman Sachs for three years.

  In fact, he himself has a good investment ability.

   It's just that his ability is only in the relatively outstanding range among normal people.

   Can't be compared with those super geniuses, let alone the wall hanging.

   But this ability is enough for him, after hearing Abel say these two data.

   Quickly understand possible changes in the international foreign exchange market.

   "So it turns out, the black swan has fallen, and the yen has fallen! Our short position has started to make a profit!"

  David, who understood, his expression became very surprised.

   During the two minutes they were talking.

   Due to the madness of international giants, the exchange rate of the yen has continued to fall.

  JPY/USD has fallen to 108.3010.

  JPY/EUR also fell rapidly to 98.2180.

  Smith Capital's short-selling order in the market has resulted in a floating loss of 64 million U.S. dollars not long ago.

   Turned into a floating profit close to 100 million.

  The market obviously did not end so quickly.

  In the central banks of other countries, in order to save the Japanese debt in their hands.

   More or less, when they reacted a little bit.

  The unresponsive neon central bank has not moved at this time.

  If the Neon central bank decides to rescue the market, this wave of decline may come to an end.

  But if the Neon Central Bank decides to ignore it, it is estimated that it will continue to fall.

   In the middle of this is the game between the major international financial giants and the central banks of various countries.

   The complexity and excitement of the game here is definitely enough to write a novel of more than one million words.

  But such a wonderful game cannot be said to happen every day.

   But it happens once a month, or even more than once.

   So there is nothing to write about.

  David Mellon was completely excited. He ran into the safe house without drinking any coffee.

  In the safe house,

  The eight traders who have worked hard and worried for a week are also staring at the market intently.

  Compared to the anxious David Mellon, Abel is much more relaxed.

   After all, there is one to hang on to.

   But he also followed David Mellon, walked in.

  After he came in, he immediately said: "Choose to close the position. First close one-tenth of the order, first close the contract on Mitsubishi UFJ."

   This is the choice to take one tenth of it, and it will be safe first.

  Hearing the boss's order, the eight traders immediately started to operate under David's coordination.

   Soon in the international foreign exchange market, there were 2 billion US dollars of short-selling contracts.

at the same time,

  In the Empire State Building not far from the Woolworth Building.

  In the safe house of Merrill Lynch Foreign Exchange Investment Company, a subsidiary of Merrill Lynch Securities mainly responsible for foreign exchange investment.

  The trader raised his head and shouted to his immediate boss, George Sen: "BOSS! There is a two billion liquidation contract, and the yen exchange rate has risen by one point!"

  George Sen is a Japanese-American, but blood does not limit capitalists.

   Or capitalists have no blood.

  So for shorting the yen to make a profit, George Sen has no pressure at all.

   "At this time, the whole audience is carnival. Everyone is shorting, how can there be such a large amount of shorting liquidation? Is this a test from the Neon central bank?"

   "Check which bank and which company it is."

  The trader operated quickly and immediately shouted: "It's a contract with Mitsubishi UFJ Financial Group!"

   "Mitsubishi UFJ?"

   "It should be a middleman, who is behind it?"

   George Sen couldn't help talking to himself.

   Then he made his own judgment, "Small, 500 million U.S. dollars for hedging. A little lower yen exchange rate is far from enough for our expectations!"

"clear!"

  The subordinate immediately shouted loudly, and then began to operate.

   There are quite a few capital consortium traders who made the same judgment as George Sen. As a result, it didn't take long after Smith Capital's 2 billion contract was drawn out.

  The exchange rate of the yen has fallen a little more.

  This caused Abel to close out 2 billion contracts and cash out a profit of 20 million U.S. dollars.

  For the remaining contracts, the floating profit did not decrease but increased.

   From the more than 80 million US dollars just now, it has become a floating profit of 230 million US dollars.

   And the floating profit is still rising rapidly.

  Because of the yen exchange rate, it continues to fall.

  This result stunned David Mellon.

  David originally thought that as someone began to close short positions.

  The exchange rate of the yen should rise a little bit.

   Unexpectedly, it has fallen now.

  He couldn't help turning his head to look at Abel, and Abel was smiling at this time.

  David actually wanted to ask "how could this be?" at this time.

  He didn't ask.

  Because it would appear that he, a top student at Wharton School of Business, is very uneducated.

  Actually, if he asked, Abel didn't know how to explain it.

  Because I chose to close one-tenth of the order just now, and I chose the contract of Mitsubishi UFJ Financial Group.

  This choice is not based on his financial ability to make judgments.

   It's his hook, let him operate like this

   Fortunately, David didn't ask, and Abel didn't need to rack his brains to answer.

  He just continued to issue orders one after another, directing David and the traders to sell, buy, and close positions one after another.

that's it,

   An hour and a half later.

  There are no foreign exchange contracts for yen/euro and yen/dollar in the account of Smith Capital.

  However, Smith Capital's figures in several intermediary margin accounts.

  But it has changed from the initial one billion US dollars to 2.954 billion US dollars.

  Floating profit becomes real profit.

  One week of layout, there was a floating loss of 64 million US dollars in the middle.

   But now, in two hours, a profit of $1.954 billion from the yen exchange rate.

  Even if the commission and interest to the middleman are deducted, there will be at least a profit of about 1.95 billion.

  The pleasure brought by this kind of achievement is far from comparable to that of buying stocks on dips.

  He shook his head, warning himself not to go up.

  Although the hang force is powerful.

   But if it is up, some big players can directly pull out the network cable.

   Even gives you the physics to play with disappearing.

   Now everyone is cutting neon and yen together, of course it is fun.

   But if the gun is pointed at this side, someone will turn their face in a minute.

  And the current self has not yet developed to the point where he is not afraid of turning his face.

  How much?

  Buffett has not yet reached the level at this time.

  David Mellon roared excitedly beside Abel.

   "FXXK! God, Mother Mary! God the Son, shitFXKK! Abel, you are amazing! You are amazing in FXXK!"

   This guy shouted frantically while walking around Abel to vent his excitement.

  The eight traders who finished their work were even more red-faced, and each of them burst into heart-piercing roars.

   "Quiet, behaving normally."

   Abel took a look at Versailles, calmed down, and began to tell him what to do next.

   "Gradually withdraw the funds from the middlemen. The interest and commissions that should be given are as much as they are."

   "There is also the tax process that should be followed, and it must be foolproof."

   "I don't want the company's tax returns to attract a long-winded IRS."

   "Those guys are afraid of selling fans. I'm afraid too."

  After listening carefully, David Mellon nodded solemnly: "I will do these things."

  Abel thought about it, and it seemed that there was nothing important to explain.

  Suddenly remembered something, pointing to the trader, he continued:

   "Eight of them, each of them gave them a check of 200,000 yuan to help them make up for the personal taxes they should pay."

   David smiled: "No problem!"

  The eight traders who stayed in the room for a week, where they ate, slept, and went to the bathroom, were all smiling.

   A frenzied thank you to their boss.

  (end of this chapter)

Chapter end