Chapter 1761: Breakthrough 102
The U.S. dollar continued to fall, and the crude oil market and the gold market performed more strongly, all the way up.
At this time, it is said that those who invest in these should be beaming, but there is no smile on Soros' face.
The price of gold rose to a high price of 930 U.S. dollars, and the Quantum Fund he led made a lot of money.
But he couldn't laugh when he saw that the price of crude oil had risen even more, reaching $119.
Originally, he thought that if he could earn more than Feng Yu and others this time, and make Quantum Fund have the highest profit margin, he would also be able to achieve a myth.
After the rapid retreat, his legend will be circulated in the rivers and lakes.
But now it seems that although he has made a lot of money, it seems that he has become a foil again!
Who would have thought that OPEC would cut production? Will crude oil rise so violently?
At that time, he thought that his investment strategy was completely fine, and shorting the stock market in the island country market and shorting the stock market in the London market performed well, and the price of gold continued to rise as he expected.
Although he didn't raise more funds this time, the amount was not small. The company's funds, plus the commission after the funds raised made money, could make him a lot of money this time.
But when he thought that crude oil, a better investment, was missed by him, he couldn't be happier.
"Boss, do we want to switch to investing in crude oil?" Zhuken Miller asked.
You can't be angry about investment. When it's time to change direction, you must change. They estimate that the increase of gold is almost the same, and it can rise to 1,000 US dollars at most.
Originally they were about to leave the gold market, so why not retreat now and enter the crude oil market, and still make a fortune.
"Zhuken, do you think it is possible for crude oil to break through $120?" Soros asked in a deep voice.
"It should be very possible. At this time, there is no movement from OPEC, and other major countries are also silent. In addition, the market is chasing up sentiment. More than 95% of crude oil prices break through 120 US dollars. possible!"
These are the accurate conclusions they have drawn after detailed data analysis and analysis of some policy forms.
"Then, does the analysis result include, after breaking through $120, how much can it go up?"
This is the most important thing. He doesn't object to breaking through one hundred and twenty dollars, but it depends on how much profit margin there is.
They are hedge funds. If the profit margin is large, of course they will jump in. But if the profit margin is small, it is better to continue shorting the stock markets in Europe and Asia, and Xiangjiang can also start.
"It's difficult to judge. After our analysis, we believe that US$120 is a very important line. After the breakthrough, countries will definitely start negotiations with OPEC, asking them to resume production or even increase production."
"In this way, the price of crude oil will inevitably fall, and the decline is temporarily unpredictable. The important thing is that we don't know when this negotiation will start and when there will be a result."
"And now, including us, the United States, are imposing economic sanctions on OPEC members. It is also possible that OPEC members compromised first, and they took the initiative to negotiate."
After all, there are too many variables, Zhuken Miller and the others cannot bet.
If they only have a little money, they can gamble for high profits, but they have so much money, and a lot of it is investors' money, they can't afford to lose.
Think back to the time when the situation was stirred up in Asia, and they lost in the end. Not only did all the profits go in, but a lot of capital was also taken in.
At that time, the profit growth that Quantum Fund had maintained for many years was cut off, and their vitality was severely damaged. After finally recovering, they dare not take another risk.
If they were successful back then, the Quantum Fund’s reputation would be much higher than it is now. If Soros ascended to the top, he would definitely be able to raise more funds than he does now.
Due to the decline in fame, Soros' overseas political investment has also become much more passive.
Some important news is not easy to get.
Many news are time-sensitive, and you can get the greatest benefit if you know it as soon as possible. And if you know it with other people, you will be too passive, and you may suffer a big loss.
Soros thought for a while: "If the price of gold exceeds 950 US dollars, we will deliver. Fully enter the island stock market, and then have someone investigate and evaluate the Xiangjiang stock market in detail!"
Zhuken Miller saw that the boss hadn't forgotten the hatred back then. Wherever you fall, you want to get up there.
Just going to Xiangjiang, didn't he meet Feng again, Zhu Ken always felt that he didn't have so much confidence.
In his view, buying crude oil is also quite good now, and the risk is not too great for them to hedge. But since the boss has made a decision, he will not refute it.
He only hopes that he can make money steadily this time, and then wait for the boss to retire and he will take charge of the Quantum Fund!
The heads of almost all car companies in the world, such as Tongyong Automobile, are paying attention to the crude oil market. They are not speculating on crude oil futures, but that rising crude oil prices will have a serious negative impact on their gasoline-burning cars.
Gas prices have more than doubled, and many people have to double their monthly gas expenses. Some people who plan to buy a car may stop buying a car because of this.
Many of their car companies are large multinational companies and have certain influence on the upper echelons. They all know that their superiors are negotiating with OPEC and others, asking them to resume production or even increase production.
No one knows how far the negotiations will go. The top executives of those big companies are all inquiring.
But at this time, Feng Yu was leisurely fishing on the Xiangjiang River. Having just returned from the United States, Feng Yu can also relax.
It is impossible for OPEC to bypass Huaxia if there is any movement on the other side. Therefore, Huaxia Zhengfu must have received the news as soon as possible, and this news will also be notified to Feng Yu as soon as possible.
The price of crude oil will definitely break through $120 and continue to rise to $140.
At this time, Feng Yu was not sure whether the crude oil could break through $140, and he didn't know the progress of the negotiation. But when it has not risen to near the 140-dollar line, neither side will compromise.
This is not a small interest. For OPEC, it concerns the most important interests of their country. It is also very important for major crude oil importing countries such as China, the United States, and island countries, otherwise they will not impose economic and trade sanctions on those countries together.
But the more this is the case, the more the OPEC organization cannot be cowardly. Once they are persuaded, they will no longer have the right to speak in the future. At least this shale oil production must be limited, otherwise they will never increase production!
While the tug-of-war continued, international crude oil quietly broke through $120!
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