Chapter 27 Grabbing the Pricing Power of Copper(1/2)
The emergence of the Internet has brought about the rapid spread of world information.
Therefore, public bidding on many exchanges has gradually become a thing of the past.
USA.
Boston.
Donny Wilson looked at the computer and looked at the fluctuations of Meijing copper on the screen. He felt extremely excited and nervous, and had difficulty suppressing his excitement.
Donnie Wilson is an individual investor in financial derivatives. Well, this is a nicer statement. In fact, he works as a porter in Womar and when he has money, he will do speculative transactions in the financial market.
In short, it is a retail investor.
And the trading product that Donny Wilson recently made is Meijing Copper.
Ex (New York Mercantile Exchange) listed copper futures contracts commonly known as "US copper".
The biggest difference between it and London copper is that LME copper is an open bidding order, while the intra-market comprehensive copper refers to the electronic trading order of LME copper.
The copper futures on the ex exchange are not the case. They are refined copper, that is, deeply processed copper.
Contract code:hg
Contract size: 25,000 lbs
Contract type: Precious metal futures
Exchange: nymex
Contract month: All year round
Liquidation form: physical delivery
Minimum price fluctuation: ¢0.05/$12.50
Daily rise and fall: None
Trading time: Monday-Friday 6:00am-5:15am the next day
Last trading day/time: The third working day to the end of the delivery month
Last delivery date: It may be any working day of the delivery month, but no later than the last working day of the delivery month
A week ago, major media were analyzing the future pressure on the copper market, so Downey Wilson established his own short position on MG Copper.
Each fluctuation of a single contract is US$12.5. He took out all his savings and overdrawed two credit cards, hoping to achieve financial freedom in this wave of market conditions.
Just a week passed, the price of US copper did not change much, and he did not make much money.
Hop!
A prompt sound suddenly came from the computer used to count supermarket data.
Your account has been forced to close.
On the computer screen, the price of refined copper that had been stable suddenly rushed upward like an anti-aircraft gun, and the market was instantly raised by 6% by dozens of hundreds of hands.
Therefore, all Downey Wilson's short positions were directly closed by the system risk processing program. The 20,000 US dollars in the account were lost in one second, and he almost broke the position.
As these buying data pass, the market has seen a large amount of short selling pressure, and the copper price has returned to its original position again.
It happened too quickly.
Therefore, the straight line that had just rushed up on the trading software was suddenly smoothed out again, and everything seemed to have never happened.
It seems like a dream.
Donny Wilson looked at the only three hundred dollars left in his account, and that was the feeling.
The price of copper has not changed at all. His account has 17,000 US dollars, but it has been inexplicably gone...
In an instant.
I don’t know how many people have experienced the same experience of Donny Wilson.
Hundreds of retail speculators watched the money in their accounts suddenly disappear, and they didn't even understand what was going on.
The bad thing is, no one makes any money because of it.
Because even long traders can't react to closing positions in just one moment.
At the same time, I don’t know how many people watched the losses in their accounts and felt like they were hit by lightning.
And at this time.
Wall Street First International Capital.
Rania looked like a frightened rabbit, looking at Shen Jiannan in a frightened state, and her face turned pale when she was frightened.
Just now, she accidentally touched a strange thing on Shen Jiannan's desk, and then she heard a dripping sound, and a straight line suddenly flashed on the computer screen.
After visiting the company several times, she had roughly understood the strange things on the screen represent unimaginable money.
Shen Jiannan was sitting on the sofa drinking tea, enjoying Shinkawa Masako's elegant temperament. Suddenly, he heard a dripping alarm. Looking at Rania's fearful look, he instantly guessed something.
Walked over and took a look.
Good guy.
Because the keyboard was not locked, it was instantly triggered to buy more than 2,000 Meijing copper buying contracts.
Rania looked at Shen Jiannan's face and didn't seem to be angry about it. She felt a lot more relaxed. She said carefully: "I didn't do it on purpose."
Shen Jiannan teased and said, "Do you know what you did just now?"
Rania: "..."
Shen Jiannan said lightly: "You triggered a one-click shot and bought 2,600 Meijing copper contracts, which are about 2,600 US dollars. I guess you killed hundreds of speculators."
Rania was almost crying: "I didn't mean it."
Shen Jiannan spread his hands and said, "My rule is that if you do something wrong, you need to be punished."
punish?
Rania didn't know what punishment she was going to be.
But being left here alone was fine except for being with Avril, but she was very scared when facing Shen Jiannan.
At this moment, I heard that I was going to be punished, and grabbed my fingers and looked at Shen Jiannan pitifully. My clear and scared eyes seemed to be asking what punishment I wanted to accept.
Shen Jiannan didn't say anything, returned to the coffee table and glanced at Masako Shinkawa.
Masako Shinkawa smiled without saying a word, poured a cup of tea and put it in her mouth, leaned on Shen Jiannan, and crossed it to his mouth.
Not long after, Shinkawa Masako's kimono opened up a lot.
Rania looked at the two of them blankly, her face turned red, and she felt very sad...
But Shen Jiannan hooked her and signaled her to come.
The little girl dared not refuse, lowered her head and didn't dare to look at the two of them. She walked over carefully, but she could hear various sounds in her ears...
Shen Jiannan patted the sofa and signaled Rania to sit down.
Rania dared not refuse, her fair face almost dripped from bleeding, but she could only sit down.
Shen Jiannan ignored her, enjoying the tenderness of Shinkawa Masako, took out her cell phone and dialed William's number...
In the past half a month, in order to suppress the pressure released by the bears, Sumitomo has invested more than 3 billion US dollars in total, but even so, the price of Lunco copper remains unbreakable in the range of 2,700.
In addition, the Wall Street Journal, London Daily and many media organizations are building momentum for short sellers, and Sumitomo has suffered huge market selling pressure.
Sumitomo Commercial Nonferrous Metals Trading Department, London.
The Thai man from Hamakana looked calm, looked at the price of Lun Copper on the central computer quotation system, picked up the phone on the table and called the on-site trading team: "Sakata-kun, it's time to strangle those guys."
Sakata Koyama Hayi said, and issued an order to the trading group.
ca3m, buy 10
ca3m, buy 10
ca3m, buy 10
......
The large-scale purchases caused London copper prices to soar, and in a short while, the increase exceeded 2%.
And at this time.
William was chatting with Shen Jiannan on the phone. When he heard his boss asks to build a position in a forward contract, he said in a little confusion: "Boss, Sumitomo's main force is in a March contract, so it doesn't make sense for us to build a position of 6789."
Shen Jiannan said lightly: "You will understand after a while."
William did not ask much and replied: "Then do we still increase our positions in March?"
Shen Jiannan glanced at the soaring trend of Lun Tong on the large screen in the distance and said, "Of course, since Sumitomo wants to raise the price, we will help them."
On that day, Lun Copper closed with an increase of 3.5%, breaking through the recent consolidation high of 2,700.
After the closing, the relevant news spread in the market.
Bulk News:
To be continued...