"Who will tell me where my money is?!"

When they rushed back after the fake medicine stopped producing, they saw an extremely horrifying scene.

Half an hour ago, the summary of all accounts showed a profit of more than $3 million.

Together with the original capital of 7 million, the total is over 10 billion US dollars, but now, there is only a pitiful 4 million left.

The good news is that profits are still there.

The bad news is that there is only a little principal left.

In just half an hour, the price of gold futures was pushed up to $1200 per ounce by international hot money, which is equivalent to an increase of nearly 10%.

This is thanks to the fact that they did not operate with full positions, otherwise they would have been liquidated and lost all their money long ago.

Unlike Li Zehua who had hedges to share risks, they only shorted a small amount at the beginning of the market, building a position of about 1180% around US$ to test the waters, and then continued to increase their positions with floating profits.

When the price reached 1150-65 USD, they started to invest heavily. % of the position was the bottom line set by the people above. After the position was established, they continued to increase the position with the floating profit.

Therefore, the cost of holding positions for these people who stopped selling fake medicine was spread out from the initial 1180% position at a cost of US$1155 to % position at a cost of around US$.

When the price of gold fell from $1170-80 in the first week of May to $1100 by the end of the month, they reasonably used no more than 15 times leverage.

Using a capital of more than 7 million yuan to leverage more than 90 billion yuan of funds, with a 60% position of more than 5 billion yuan, earning 3 points, a total profit of more than million US dollars.

Then within half an hour, the international gold price soared by 9%, approaching 10%, causing their 6% positions to suffer a huge loss of more than million US dollars.

The most terrifying thing is that during a surge, because there is no one in charge, the closing price entered by the trader often cannot match the appropriate price due to insufficient authority.

For example, when the first wave soared to 1120, the trader had no authority to set a higher price to close the position and could only match the current bid, but the matching closing price could not grab enough counterparties.

And as the five European pigs continue to perform poorly.

The impact on the market was like a financial tsunami. The short sellers didn't even have time to organize a decent resistance and were instantly overwhelmed by the massive influx of international hot money.

You should know that the last time the gold price soared 9% in a single day was in 08 during the financial crisis. At that time, the gold price for December delivery rose by US$12 in a single day, breaking through the US$70 mark.

Today is also the last delivery day in May. While people are still discussing whether the gold price will fall below $1100 today, reality has played a huge joke on everyone.

The price had been trading sideways at $1100 for four or five days without breaking through. In just half an hour, the bulls used bloody facts to tell everyone that the situation had changed.

Dozens of top global capitals, led by Goldman Sachs, intervened at the same time, rushing forward with unmatched amounts of funds, sweeping away all short positions wherever they went.

Goldman Sachs, which started laying out its plans ten years ago, left no way out for any of its competitors. The amount of funds that Qingyun and Guayao had stopped was just a trigger.

It would be a waste if you don't eat the fat meat worth billions of dollars. What if you run away early?
Mr. Li's little butterfly wings kept flying, and accidentally caused the wheel of history to change lanes ahead of time. Originally, Squid Capital, led by Goldman Sachs, was preparing to slowly bleed its opponent.

The gold price is pushed up little by little, and then suppressed from time to time, eating up the shorts and eating up the longs, but it is affected by the billions of dollars of short selling and bearish options that appear out of thin air.

Goldman Sachs decided to launch the operation ahead of schedule and trap Qingyun Group's funds in it first. If successful, it would trigger a chain reaction and cause the entire Qingyun Group's business to collapse.

It does not affect the execution of the overall grand strategy and there are unexpected gains. Where can you find such a good thing?

Anyway, the harvesting of European debt was destined from the day Hillary Clinton was pushed to join Euromonitor, because Hillary Clinton's account was made by Goldman Sachs, which triggered the European debt crisis to help the United States overcome difficulties.

This is a script tailor-made in advance for Ou Meng by Squid Capital, an existence that attempts to keep pace with Squid Capital economically without even asking whether the dollar boss agrees.

The series of impacts triggered by this advance variable, not to mention whether the Qingyun system was in trouble, but the suspension of the counterfeit drugs had firmly trapped it.

The short sellers who received the news immediately cut their positions and joined the long camp to jointly encircle and suppress the slow-reacting investors.

For the fake medicine stop, the sky is falling.

Because the set automatic liquidation cannot be sold at all, the short sellers are trampling on each other and rushing to sell, resulting in no chance of escaping the current bid.

There was actually an opportunity at the beginning, but the trader did not have the authority and did not dare to take the responsibility of closing the position at a price $10 higher than the market price. By the time the call was finally connected, it no longer mattered whether to close the position or not.

Because the gold price in the market has begun to stabilize and has begun to fluctuate around $1200. You can close your position at any time, but who will bear the loss from a profit of 3 million to a loss of nearly 3 million?
We are definitely unwilling to stop using fake drugs.

Brother Belt was even more furious, and kept cursing loudly that the trading team was all trash.

Fang Guohui, the only one left, was so frightened that he kept saying, "This is impossible. How could this happen?"

Are you kidding? The loss involved is more than 2 million US dollars, nearly 20 billion RMB. How can he bear it with his small body?

What's more, if you add the original profit, the difference is more than 40 billion, and you can't afford the loss even if you sell it.

"Boss, it's Mr. Ning's phone call."

Amid the wailing at the scene, a voice suddenly rang out, and Fake Yaoting stood there motionless as if he had seen a ghost.

It was not until the phone was put in front of him and a familiar eerie voice came out that he suddenly woke up and broke out in a cold sweat...

"It's all over. My grandmother is in trouble."

Li Zehua held the phone and cried frantically, "Brother, please lend me some money, otherwise the group will not be able to maintain normal operations.

Yeah, who could have expected that several countries would be so bad together? Now everything is ruined. I traded with full positions and shorted them. I lost billions of dollars in one go. My position was liquidated.”

"Sorry, my sow suddenly had a difficult birth. I have to go deliver the baby. We'll talk later."

The voice on the other end of the phone stopped abruptly.

Li Zehua was completely confused. "Anyone can call and ask a few questions. I forgot to ask who this guy is."

He threw the phone to Zhang Tao and said, "Whoever calls, just say that the account has been liquidated and the boss has lost so much money that he is ready to run away overnight.

It's almost one o'clock, you should go back and rest early."

Zhang Tao usually doesn't laugh unless he can't help it, like now, "Sir, is this really okay?"

Li was woken up from his sleep, and said angrily with a fierce face: "I just want to ask you, are the losses in those public accounts that have been checked true?"

Zhang Tao knew more inside information than anyone else. Just as he was about to speak, the phone rang again. He took a look and handed it to Li Zehua, "It's Mr. Gu, this is the third call."

"Push, push, push, push, it's like asking for my life. It's useless to call and ask about such a big matter."

Li Zehua had no choice but to answer the call and yelled. Gu Shijie on the other end of the line was stunned for a moment, but soon reacted, "Chairman, I can't take it anymore. People are asking for information everywhere."

I don’t know which bastard spread the news that Qingyun Group failed in its gold investment and suffered huge losses.

It was still the middle of the night, and people were spreading the news everywhere and asking questions. Some people thought they had sufficient identities and called Li Zehua himself.

Those who are slightly worse off also use all sorts of means to find the group's senior executives to inquire about the situation.

Gu Shijie is resting at home now. He is exhausted these days because the president of the group has been traveling all over the country, first in eastern Guangdong, and then suddenly went to the southwest to investigate the market.

After hanging around for more than half a month, I probably couldn't stand the pressure from all sides, so I reluctantly agreed to go back to Shanghai at the end of the month to deal with the backlog issues.

Well, now there are rumors that the financial market is shorting gold and suffering huge losses of tens of billions. It is probably a fantasy to return to Shanghai at the end of the month.

When Gu Shijie tried to inquire about the specific inside story, the boss's relaxed and cheerful attitude instantly put his mind at ease, "I knew it was impossible for you to suffer a loss.

There are rumors out there that you are going to borrow money to tide over the difficulties.”

"Yes, I am indeed borrowing money. I still have some money left to run away. After all, we are business partners. I will transfer 18 million to you first, and I will pay you back ten times when I am back on track."

Li Zehua didn't take it seriously at all. Gu Shijie felt nervous, remembering that he was diverted from the topic when he asked him for details just now, "No way, are you really going to run away?
Why don’t I believe it? ”

"You ask questions even though you don't believe me. It's obvious that you don't have confidence in your boss. I'll fine you 800 yuan, and then book me a plane ticket and run away."

Gu Shijie was helpless, "Boss, please check what time it is now, I just finished work and went to bed just over an hour ago, please give me a way to live, I want to live a few more years.

Either you go back to the Magic City and personally receive the big guys, or you tell me the real situation. "

"Well, you're not willing to pay 800 bucks, and you still want to get my confidential information?"

Li Zehua was not indulgent at all, mainly because he was in a good mood, "Stop talking nonsense, book a flight from Shangri-La to Western Region Province, I'm going to stay out of the spotlight, don't forget to take a screenshot and post it on WeChat Moments later.

You can write whatever you want with the caption, such as "My boss is so stingy that he even asked me to pay for the plane ticket", and help promote WeChat. I think this wave of traffic will not be too small. Anyway, Tenda has noticed WeChat and is arranging people to develop similar products. It can't be hidden for long, so just throw it out and give it a try."

Gu Shijie was convinced by him and did not forget to promote his products at this time. "Boss, give me a definite answer. Is it a profit or a loss?"

“There are gains and losses. You can ask Lin Wenhui for the details. He is the one who arranges everything. However, he has to keep it confidential and speak with one voice in public. There are 25 securities accounts controlled by the group.

A loss of $17.5 billion, get it?"

"Hiss~ Is there so much money lost in the group's account?"

Gu Shijie was so shocked that he didn't even know when his boss hung up the phone. After he realized what was happening, he immediately called Lin Wenhui, but the line was always busy...

“They haven’t closed their positions yet?”

Li Zehua was very curious about who gave Fang Guohui the courage. For some reasons, his people could only check the accounts controlled by Fang Guohui, which went from a profit of 5000 million US dollars to a loss of more than 4000 million.

I'm afraid this kind of stimulation is not something that ordinary people can bear.

The person on the other end of the line was Lin Wenhui, who was happily counting money. "I don't know the exact situation, but we have people watching outside.

A few of them went in and never came out again."

"Interesting. If you don't stop the loss in time, do you still expect to get your money back?"

Li Zehua pulled his chin and said, "According to the scale of their overseas funds, more than 20 billion RMB was found. If it is the same as Fang Guohui's account, the holding cost is 1150% of US$60-.

At its peak, it should have been worth 30 billion RMB, but now it has been reduced to only 10 billion. Someone has to be found to take the blame, and Fang Guohui is a ready-made victim. "

As he spoke, his eyes never left the computer screen. The international gold price continued to hover around $1200, and short sellers like Fang Guohui who were unwilling to cut their losses were still struggling.

There are also new investors entering the market. Their logic is that the market reaction may be over-interpreted. After all, the scale of the first batch of rescue funds approved by Oumeng is very large.

It is enough to cope with the scale of national debt that is about to mature in various countries. Moreover, just now, Germany and France, the two most important economies in Europe, have publicly called out to the market.

It said it would provide more assistance to strengthen the ability of European countries to cope with debt risks. This move effectively eased market pressure and calmed the panic a little.

"Our people are keeping an eye on him. Whether he closes his position or increases his position with leverage, I will notify you immediately."

Lin Wenhui smiled and said, "OCBC and DBS Bank just called and said that the short-selling accounts have been liquidated due to insufficient margin, but they will not initiate a claim."

"I lost nothing. 25 accounts lost $17.5 billion, while 1600 long accounts only earned $17.45 billion. After deducting the commission, I still lost $ million. They have to make up for this money."

Talking about this, Li Zehua got angry. He was fucking cheated!
He deliberately exposed the 25 short-selling accounts that he commissioned from two banks. If you want to fish, of course you have to lay a nest, otherwise how can others believe it.

For example, Fang Guohui spent $10 to buy the investment company's holdings in April and early May, and spent another $30 and $25 respectively from Yuqing Qingyun Great Eastern Insurance.

As well as buying the group's position and delivery information from the staff arranged in advance by several banks in Lijiaopo, the short-selling profits were real, but the specific details were incomplete.

If he was a real commercial spy with a high enough status, he would have sold the related accounts together. It's a pity that Fang Guohui has no money, otherwise he could have spent tens of billions of dollars to bribe Li Zehua himself.

Just for the sake of money, he sold all the details of the group's more than 300 financial accounts in more than 4 financial institutions around the world.

Who wants to live in fear when you can make easy money?

"Well, this may be difficult."

Lin Wenhui joked, "The group's funds have been used to the limit and can't even afford the legal fees."

Then he reported the details, "According to your instructions, the investment team spent five trading days adjusting its positions around $1100.

It also commissioned banks and other financial institutions to step in, and together with the previous ones, it finally gathered more than 4 accounts, mobilized more than US$500 billion in leveraged funds, and held medium- and long-term bullish options and futures contracts.

Today's paper profit is 9 points, but unfortunately, including the options purchased at 1180-1100 before, the cumulative profit is less than 6 points, which is less than 30 billion US dollars.

Including previous short-selling profits, it can barely reach 45 billion US dollars.

However, DBS and OCBC were very cooperative. They not only reduced the handling fees to the lowest level, but were also willing to use the funds from the bank's proprietary department to hedge risks for us.

Otherwise, where would they get $17.5 billion to cover the extra losses this time?"

The show is done in full swing, and every move of the exposed accounts is definitely being monitored. If you rashly follow the group's strategy and go long, you will be monitored in advance.

Li Zehua simply gave up, but it was impossible for him to lose money. Even if he had no money left, he just wrote out a contract and asked the top executives of the two banks to secretly recruit an investment team.

Make a reverse hedge investment based on the size of the open account's holdings. Anyone who has done futures trading knows that there is now a function called one-click position locking.

It means locking in all future profits and losses in advance. When you buy one lot with a bullish outlook, it will be automatically matched with another lot with a bearish outlook. The main thing is that the rise and fall has nothing to do with me, but I can't bear the transaction fees.

In order to avoid being discovered by interested parties, the hedging risk this time can only be operated manually and dispersed among various banks. Since people are not machines, there will inevitably be slight price differences.

Therefore, at the same time, there was a gap of US$17.45 million between the bullish position which only earned US$17.5 billion and the bearish position which lost US$500 billion. There was even a short position loss of more than US$ million.

Lijiaopo Bank earned more than tens of millions of dollars in commissions from this. He was so happy that he let the loss of funds go unnoticed, but the difference had to be made up.

Li was so angry that he shouted "liar".

Lin Wenhui was helpless. “Chairman, they have paid such a huge price, we can’t help them for nothing, right? There are more than 4 accounts, and even if we can just take a small portion of the profits, it will be more than 500 million.”

"How can they be the same? One is what I should earn, and the other is an extra loss. 500 million US dollars is equivalent to to million RMB, which is enough to pay people a month.

My money came from the wind, didn’t it? "

Li Zehua was indignant about this, and then thought for a while, "Do you think it would be more sensational if the bank in Lijiapo sued the group and demanded the funds for the loss?"

Lin Wenhui was so confused that he almost went crazy, "Chairman, Fang Guohui hasn't closed his position yet. If he continues to operate, there might be a chance to trick him.

On the surface, these accounts are meaningless.”

"That's right, then let's not sue for now."

Li Zehua didn't care. After all, he had cheated others out of 20 billion yuan and made more than 300 billion RMB. It would be better not to continue to provoke him.

“It’s a pity that there are not many opportunities to open a position at the $1100 point. There are only five days left and we must prevent our opponents from noticing, otherwise all the previous short positions will be converted to long positions.

Use floating profits to increase positions, without considering the impact of market factors, and invest 5000 billion US dollars, and you can become the world's richest man in minutes.

Damn Goldman Sachs, why are they pushing up the stock price so quickly? It's delaying my ability to slowly build a position and make money! "

Lin Wenhui ignored his complaints and said, “The short options that were previously used to match the long orders of the counterparty were basically sold out in these five days, leaving a paper loss of about US$100 million.

Next, will we continue to increase our position based on our previous request?"

"Where can you find so many opponents to trade with?"

Li Zehua shook his head and said, "Control the size of the position and reduce the risk of exposure as much as possible. At this stage, the main thing is to prevent the 600 tons of physical gold from defaulting.

You can arrange it according to your own situation. When the prices are 1200/1400 USD, you can buy the default swap agreement at a 1/10 fund ratio. You have to make some money for the bank to avoid defaults.”

Having made money, Lin Wenhui was full of energy and said, "Okay."

……

In contrast, everyone at Fang Guohui's side was dejected. He was still talking on the phone, but he didn't know what to say the whole time.

Judging from the situation, there is a trend of stabilizing at $1200, and the rise is relatively weak, but the disadvantages of the bears are also obvious, because the external environment is very bad and the main bulls show signs of cashing out and leaving the market.

However, more international hot money flocked in, forcibly maintaining the 1200 mark and preventing the bears from launching an effective counterattack.

“Why did this happen? What should I do now? Should I sell at a loss or hold on to my position?

Speak up! Are you dumb? It was you who came and said with such confidence that this was a rare opportunity. I tell you, all this money was borrowed through special channels.

If I can't get it back, you should know better than me what serious consequences will occur!"

On the other end of the phone, there was only an angry voice asking questions... (End of this chapter)