Chapter 12 Wrong Access (5)
Mr. Gru looked around in surprise. He didn't expect that such a cafe would have such a long history and witness the entire process of LME from its appearance to its rise.
Seeing that the OL had finished his coffee quickly and wanted to check out and leave, William called a waiter and signaled to help the beauty pay the bill. At the same time, he also left his phone number and name with banknotes, and then waved to the OL.
The OL was not shy and generously accepted William's kindness, and put his phone number and name into his handbag in public, and left with a smile.
William looked at the beautiful OL's back and seemed to have done something very satisfying. He couldn't help but hum two classical songs in English tunes happily.
Mr. Gru had been accustomed to William's actions for a long time. He knew very well what kind of person the young man in front of him was. Perhaps he was a bohemian and slightly impetuous guy in terms of women. But in the futures market, everyone knew that his nickname was Scottish Wolf. He always acted as a wolf as a patient, and was cautious and meticulous.
"William, it's almost twelve and twenty. The most important second transaction is about to begin. We also said we should check out and leave quickly!"
William and Mr. Gru have been together for many years and know that what he pays most attention to is the concept of time. Therefore, after drinking the cup of fragrant coffee gracefully, he stood up and followed Mr. Gru and left the cafe.
On the London Metal Exchange, the first transaction starts at 11:40 Greenwich time every working day, and takes turns to trade eight commodities such as silver, aluminum alloy, tin, aluminum, copper, lead, zinc, and nickel. Each metal commodity trades for five minutes, and then ends at 12:10. After a ten-minute break, the transaction starts again at 12:20. The same eight metal commodities take turns to trade for five minutes until the transaction is completed and the price of the intraday transaction is settled.
At around 13:15 pm, the over-the-counter price began to trade and continued until 13:30. During this period, eight kinds of commodities were traded at the same time.
The second transaction starts at 15:10 pm. The afternoon trading is similar to the morning trading method. After the end of 16:35, the over-the-counter trading is immediately conducted until 17:00, which lasts for a total of 25 minutes. The difference between the morning and afternoon trading is that the afternoon trading does not have an important procedure for the official announcement of the settlement price.
On this day, the price of London copper futures fell to $2,601 per ton under the influence of external adverse factors, which is one of the few drops in recent months.
The next day, in the haze of copper futures market, short buyers were greatly encouraged, and many speculators who were originally long also quickly began to deliver positions and turned to short camps, which also caused the short orders in the copper futures market to suddenly increase within a certain range.
In Hong Kong, in addition to large institutions that sell copper for sale, there are also many retail investors investing. A cheer and inspiration suddenly came from a Shido store outside Tianping Village in Shangshui, which made many pedestrians look at each other. (Shido Store: In fact, Shido is the transliteration of the store in Hong Kong, and Shido Store is also a grocery store.)
Lao Qiu sat in front of the Shiduo store. The hot weather made him very depressed. He was very unlucky recently and lost tens of thousands of yuan in the mahjong hall. He just came out and wanted to buy some frozen soda to relieve the heat, but unexpectedly he encountered this.
"Did you really make money?"
Lao Qiu is very familiar with the owner of Shiduo Store. Recently, he heard that he bought some copper coins under the introduction of a friend and said that he would definitely make money. So he saw him being obsessed with TV financial programs every day. Lao Qiu once laughed at him as he said he would not spend money even if he had money, so he actually took it out to cheat for those investment brokers. But now when he heard him screaming inside, Lao Qiu couldn't help but feel a little confused again.
"What's wrong, Ah Liu, have you made a lot of money? He screamed so loudly!"
Lao Qiu asked the owner of the Shido store with a sarcastic tone, but Lao Liu's face was flushed at this time. Perhaps because he was too excited, he didn't notice Lao Qiu's bad tone. He nodded excitedly and said, "Yes, I made money, I made money, I only earned tens of thousands of yuan in one day. Haha, it's great, so good, I didn't lie to me, and I didn't lie to me..."
"I made tens of thousands of yuan in a day?" Lao Qiu was a little surprised. He stared at the screen on the TV for a long time, and suddenly asked strangely: "Why did the TV clearly say that copper futures fell, but why did you say that you made money?"
Lao Liu excitedly pulled Lao Qiu to sit down, and generously opened a bottle of soda for him, saying like an investment expert: "You don't know, what I bought is the decline. As long as it falls, I will make money."
"Can you make money even if you fall?" Lao Qiu looked disbelieved and shook his head and said, "How can you make money if you fall? It's obvious that you make money only if you rise!"
Old Liu laughed and said, "Yes, yes, I didn't understand before, but after asking about my agent in Qiji Group, he gave me a very easy-to-understand metaphor, and I understood."
"Oh, then you can say it quickly!"
"It's like we are going to buy and sell metals like copper. Lao Qiu, you have 1,000 hands on your hand, and each hand is... Let's assume it was bought for two dollars. Then I borrowed the 1,000 hands of copper from you and sold it. The price was two dollars at that time. When the price of copper fell to one dollar, I went outside to buy 1,000 hands of copper and returned it to you. Then, invisibly, I made one dollar per lot?"
The truth that Lao Liu said is very easy to understand. Now Lao Qiu understands why he can make money even if he falls. He thought to himself: "No wonder the stock market has risen before, and some people want to jump off the building. It seems that the same thing is the case!"
"If it continues to fall tomorrow, then it will be developed. I'm busy working on this Shido store and can't make 20,000 yuan in two months. I didn't expect that I can make it in one day now. It seems that there is something to do." Old Liu walked around the Shido store happily, and suddenly turned around and asked Lao Qiu: "A Qiu, do you want to do it? I think the nearest market is really good. If you want to make money, hurry up and take some money to make a fortune."
When Lao Qiu heard what Lao Liu said, he was a little moved, but hesitated whether things were really as simple as Lao Liu said, and he had to buy the coffin with that little money. If they all lost, wouldn’t it be over?
Chapter completed!