"Yes, President" everyone hurriedly began to execute Abigail's order. The trend of spot gold has been very unfavorable to them. If they continue to resist, the consequences will be unimaginable. Now it is too late to survive after the broken arm. Their president is a very decisive person. Every time they encounter such a situation, they can decisively choose to cut their losses. This is also the reason why their big asset management company has been able to turn around.

Spot gold continues to fall sharply under the closing of large asset management companies!

30 minutes later, spot gold fell by another 100 points, falling to 1235.0!

The big asset management company also closed all long positions.

The long orders of 1 million spot gold in the account have an average closing position of 1,242, losing 180 points, losing a total of US$1.8 billion, and the net value of the account is still US$2.7 billion.

Before, they still had a net worth of US$4.5 billion in their account, but they didn't expect that there was US$2.7 billion left.

The loss this time is quite large, with a loss rate of up to 40%!

The assistant looked at Abigail with a decadent expression, hesitated for a moment, and said, "President, we have lost a total of 1.8 billion US dollars this time!"

When Abigail heard this, he took a few deep breaths, feeling so distressed.

$1.8 billion, this is a loss of 40%!

Looking at the trend chart of spot gold, he suddenly said: "Prepare to short spot gold!"

When the assistant heard this, his face changed and he asked, "President, do we want to short?"

"Well, shorting" Abigail calmed down his anger and said in a silence: "Since you are wrong in long spot gold, then we will short. If we close the position and do not short it backhand, why did we close the position just now?"

Since it is wrong to go long for spot gold, then just short it with the backhand. If you don’t short it with the backhand, why should he close his position?

Moreover, spot gold has formed a double-headed top and will inevitably continue to fall sharply.

What is it like to lose $1.8 billion before? You can definitely make money back after shorting spot gold.

When the assistant heard this, he hurriedly said, "Yes, President."

···

At this moment, Lin Haocang saw that spot gold had plummeted to 1235.0, and a smile appeared on his face.

Now he holds a short position of 2 million spot gold in his account, with a floating profit of 200 points, a total floating profit of 4 billion US dollars. The net value of the account is as high as US$29 billion, and it will soon reach US$30 billion. Lin Haocang remembers setting a small goal for himself.

This small goal is to make $30 billion, and it seems that it will be achieved soon.

The small target of $30 billion is calculated based on the exchange rate, and it is 230 billion!

"Those small goals are only 100 million, which is too low."

Putting down the teacup, he left the office.

·····

At this moment, Gaosheng Bank Jiangdao Branch, Li Zetai looked at the spot gold suddenly plummeted by 100 points, and had already fallen to 1235.0, and his face was extremely pale!

The sweat beads on the forehead fell one by one, and the back was wet.

My heart became more and more desperate.

Currently, he holds a long position of 1 million spot gold in his account, with an average position building position of 1240.0. One point of fluctuation is a profit and loss of 10 million US dollars. Now he has a floating loss of 50 points, with a total floating loss of 500 million US dollars.

He never expected that spot gold could plummet!

And it fell directly below the 1240.0 position!

You should know that the 1240.0 position is the support position formed by the 5 moving average. Spot gold has been falling below, and there is no support at the 1240.0 position!

He was not only furious, but also frightened!

Spot gold actually crossed the 1240.0 position, which means that the bulls in the market have collapsed across the board!

Li Zetai wanted to close the position, but he held it back!

He has a huge gap in his heart and it is difficult to get started!

You should know that the highest floating profit in his account today is US$2.5 billion, but now he has a floating loss of US$500 million. It’s like a world!

"Is that true, keep fighting!"

"If labor and capital don't believe it, it can still fall!"

"The following is the support position of the 10 moving average structure, where should there be strong support force!"

Li Zetai thought that he closed his position last week, which resulted in a vain loss of 4 billion US dollars, so this time he still felt that closing his position would lose money in vain, so he simply kept taking it!

····

At this moment, Mogeng Bank, Jiangdao Branch, Liu Jianhui watched the spot gold plummet to 1235.0, and his face suddenly changed drastically. His eyes stared at the market angrily, feeling extremely uncomfortable!

Now he holds a long position of 1 million spot gold in his account, and now he has a floating loss of 100 points, with a total floating loss of 1 billion US dollars!

The maximum floating profit of 2 billion US dollars has become a floating loss of 1 billion US dollars. The gap in his heart is hard to describe. He is very regretful. Why didn’t you close your position early? Why should you be so greedy and have to make more than 3 billion US dollars?

It is difficult to close the position now, and he can't take action.

If you close your position now, you may lose more than US$1.5 billion.

He was unwilling to give up.

····

As time passes slowly, spot gold is supported at the 1235.0 position and is moving in the 30-point range of 1235.0 to 1238.0.

The final closing was 1238.0.

The next day, Tuesday, August 10, the spot gold in the Asian and European markets were moving in the 50-point range of 1235.0 to 1240.0, and there was no big market trend.

At night, the American market opened, and spot gold rose again to 1240.0.

··

At this moment, Gaosheng Bank Jiangdao Branch, Li Zetai immediately breathed a sigh of relief as spot gold rose to 1240.0 again, and there was no floating loss in his account.

"Continue to take it!"

He now sees hope again, as long as he keeps taking it.

I am also glad that I did not choose to close my position before, otherwise I would have lost money in vain.

··

At this moment, Mogeng Bank, Jiangdao Branch, Liu Jianhui saw that the account had only had a floating loss of 500 million US dollars, and he felt relieved and murmured: "It's finally no longer falling."

···

At this moment, Abigail, a big asset management company, watched spot gold rise to 1240.0 again, and he felt that the opportunity to short was coming.

But since he waited last night until now, he has been seeking a chance to short spot gold, and now he has finally confirmed that the 1240.0 position is a very good short position.

He immediately shouted: "Short 1 million hands for labor and capital!"

Yesterday, I lost $1.8 billion in spot gold, which proved that it was wrong to go long on spot gold. So today they have to do the right thing, that is, short on spot gold.

"Yes, President!" Everyone immediately started shorting!

Under the short selling of large asset management companies, spot gold began to plummet!

It soon fell below the 1235.0 position, but it was supported for only two minutes. Spot gold continued to fall and finally fell to the 1230.0 position!

At this moment, their account holds a short position of 1 million spot gold, with an average position building position of 1235.0, and a fluctuation point is a profit of 10 million US dollars. Now there are 50 points floating profits, totaling 50 million US dollars, and the net value of the account is as high as US$3.2 billion.

··

At this moment, Cangkong Capital, Lin Haocang was very happy to see that the spot gold had fallen to 1230.0.

Currently, he holds a long position of 2 million spot gold in his account, with an average position building position of 1255.0. One point of fluctuation is a profit of 20 million US dollars. Now there are 250 points floating profits, totaling 5 billion US dollars.

The net value of the account was as high as US$30 billion.

"Tsk tsk, the small goal of 30 billion US dollars has finally been achieved." Lin Haocang picked up the teacup and took a sip.
Chapter completed!