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Chapter 928 International Crude Oil

This time when he returned home, Yang Jing completed the opening ceremony of the Grand Canal Leisure Park in six days and also fulfilled his promise to his uncle. Although he did not see the final signing of the supply contract, Yang Jing knew that these four Chinese bosses would definitely sign a win-win contract with Tianmian Group.

As long as these four Chinese bosses are not stupid, they will never be confused about such things. Although Tianmian Group can only provide each of them with about one-eighth of the supply, the price of these one-eighth of the supply is much lower than the price they purchased before. As long as they don’t have a brain, there is absolutely no reason to give up Tianmian Group.

Yang Jing did not plan to attend the subsequent signing ceremony, it was my uncle's stage.

With satisfaction, Yang Jing returned to Yanjing.

He will start preparing for his final graduation thesis and defense. If it weren't for the opening of the Grand Canal Leisure Park this time, none of the four masters would have let him come back.

After returning to school, Yang Jing entered the four-point and one-line mode of the past time and space again.

The first three points are naturally for graduation thesis and defense, while the last point is for Yang Jing to speed up the progress of time and space in the past.

When she returned to Tianqu before, Princess did not go back. She also had to prepare her graduation thesis and final defense, so she did not go back to Tianqu with her. During these six days in Tianqu, Yang Jing would take time to return to the past time and space at night. Even if she only stayed for one or two days each time, it would be enough to speed up the progress of the past time and space.

For example, when he went back this time, Yang Jing returned to the beginning of the year in 2003.

"BOSS, I must apologize to you." Henry Williams, who is over 60 years old, said with a sincere apology on his face in Yang Jing's office. "When the Internet bubble burst three years ago, I suspected your order. Now it seems that I was really wrong at that time. If you hadn't insisted on your order, the profits of KY Investment Fund this time would have been reduced by more than half."

Yang Jing smiled and waved his hand and said, "Henry, you don't need to do this. In fact, this kind of thing is inevitable. Everyone has their own judgment on the market. And under that situation at that time, most people's judgments were the same as you, so you don't have to blame yourself."

"No, boss, I have to apologize to you, and I hope you can accept my apology."

"Okay, Henry, I accept your apology." Yang Jing smiled and said, "But my old friend, I did not come here this time to accept your apology. I have a goal this time."

Hearing Yang Jing's words, Henry's eyes lit up and he asked urgently: "BOSS, what good goals do you have this time?"

He has been working with Yang Jing for more than fifteen years, so Henry naturally knew that the goal that could be pursued by this big boss who had no idea what he wanted to see was definitely an amazing goal.

It was like at the beginning of the year three years ago, the boss came and said that the Internet bubble was about to burst. He didn't believe it at that time and even argued with the boss, but the fact was that he slapped himself hard in the face.

I guess many people have seen the huge bubble of the Internet, but I guess few people can guess that the bursting of the Internet bubble will come so resolutely and thoroughly.

Not to mention anything else, in the past two years, especially the first year when the Internet bubble burst, how many people jumped from the Brooklyn Bridge and the Empire State Building? If the boss hadn't made the entire group strongly execute his orders, how much would KY Investment Fund lose in the burst of the Internet bubble?

It is a huge failure for the senior management of KY Investment Fund!

Fortunately, the boss resolutely asked everyone to execute his orders, which allowed KY Investment Fund to obtain enough profits.

The facts once again prove that the boss’s vision is indeed beyond what ordinary people can compare to!

Since the boss said that he had a new goal this time, the action this time will definitely not be weaker than the operation of the bursting of the Internet bubble.

Yang Jing looked at Henry and said with a smile: "Henry, the goal this time is international crude oil!"

"International crude oil? Oh, Maiga! This is a big deal!" Henry said excitedly.

In fact, since its establishment, the Dragon Fund has never made any moves in the international crude oil market, except for speculating on international crude oil futures between September and October 1990.

This time, the boss suddenly targeted the international crude oil market, and obviously saw some clues.

"BOSS, how do we do this time? Should we short or long?" Henry asked excitedly.

Yang Jing smiled and asked, "Then do you think you should short or go long?"

Hearing the boss's question, Henry answered without hesitation: "BOSS, according to your habit, since you said that your goal this time is the international crude oil futures market, then I think we should be long!"

Henry said this very firmly, because as he said just now, the current international crude oil futures market is a big market. Now the three major international crude oil futures contracts have a daily trading volume of more than 500,000 lots. Calculated by one hand, one thousand barrels of crude oil, the average daily delivery of 500,000 barrels of crude oil in these four major crude oil futures markets is 500 million barrels of crude oil every day. If we include smaller trading markets and other varieties of refined oil futures, the daily trading volume of international crude oil exceeds one billion barrels!

This is an absolute big market.

However, since 1983, international crude oil prices have been half-dead, always remaining below US$20 per barrel. From 1998 to 1999, crude oil prices even fell below US$10 per barrel. Although the price has rebounded now, it has not yet exceeded US$20 per barrel.

The international crude oil market has had a bear market for twenty years. Now that the boss has set his sights on the international crude oil market, it goes without saying that the boss has naturally seen the surge in international crude oil. Therefore, Henry said this conclusion without hesitation.

Yang Jing nodded with satisfaction, "Yes, Henry, you have a correct judgment. This time I am going to go long for international crude oil, but this time it will last longer. I think the international crude oil market will usher in a big bull market in the next five to six years. This is the main reason why I target the international crude oil market."

"BOSS, can I ask what you are based on to judge that international crude oil prices are about to rise?" Henry asked curiously.

"It's very simple, that's the Bush administration's attitude towards terrorism!"

"Are you talking about the 9/11 incident? But it's been more than a year." Henry asked in confusion.

Yang Jing glanced at Henry and said, "Did you see that the federal government's attitude towards Iraq and Afghanistan is changing drastically? Especially when Bush, who has a strong personality, just took office, encountered the 9/11 incident. Bush will never bow his head in this matter. So, Bush, like his father, will choose to use force from the outside world, and his target is Iraq!"

Henry shook his head with a wry smile. He dared not doubt Yang Jing's judgment anymore.

Yang Jing continued: "Once the Bush administration really takes action against Iraq, international crude oil prices will inevitably rise. However, this rise will not be just a brief upward breakthrough like thirteen years ago and then fall quickly. I think that once the Bush administration really takes action against Iraq, international crude oil prices will usher in a stage of continuous rise, and I think this period will last for five or six years. At the same time, the international crude oil prices will rise to an incredible high."

Henry nodded and asked, "BOSS, then how should we operate? Is it KY Investment Fund to operate this market, or is it for Atlantic Capital or Pacific Capital to operate this market?"

Yang Jing tapped his right index finger on the table several times, then said: "Let Niam be responsible for this market. David has other tasks. As for KY Investment Fund, there are also other tasks!"

This made Henry think of the plan of the Dragon Fund in the next ten years that his boss said three years ago, so he hesitated and asked: "BOSS, the other two tasks you mentioned are international gold and global stock markets?"

"Well, if international crude oil prices really enter a bull market, then international gold prices will inevitably rise. This is our opportunity, so I plan to let David's Pacific Capital be responsible for the international gold market. As for you, it will be mainly responsible for the global stock market."

Yang Jing said this very clearly, especially about the operations of the international gold market. Henry knew what it meant at first.

Everyone knows that fluctuations in international oil prices will directly affect the development of the world economy, especially the US economy. At this stage, the US economy and crude oil consumption are ranked first in the world. Therefore, the US economic trend directly affects changes in the quality of US assets, which causes the US dollar to rise and fall, thereby causing the rise and fall of gold prices.

According to the International Monetary Fund estimates, every $5 rise in oil prices will reduce the global economic growth rate by about 0.3 percentage points, while the US economic growth rate may drop by about 0.4 percentage points. When oil prices continue to soar, the International Monetary Fund will also lower expectations for future economic growth. Oil prices have become the "barometer" of the global economy, and high oil prices also mean that there is an increase in uncertainty in economic growth and the gradual rise in inflation expectations, which will then push up the gold price.

Therefore, there is a positive correlation between gold and oil, that is, gold prices and oil prices usually change positively. The rise in oil prices indicates that gold prices will also rise, and the decline in oil prices indicates that gold prices will also fall.

If international oil prices really enter a rising bull market starting this year, then international gold prices will inevitably continue to rise with the rise of international oil prices, and the two have always been closely related.

However, Henry was a little confused about what the boss was talking about the global stock market.
Chapter completed!
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