New York. Gold Futures Market!
In the VIP lounge, Li Yi sipped his coffee while listening to the intelligence gathered by Billy, George, and the others.
Trading hours in New York are fixed, typically starting at 9 a.m.
Since there was still more than half an hour before trading began, Li Yi asked Billy, George, and the others to check for any changes in gold prices across major markets.
“Yesterday’s closing price in Chicago was $599 per ounce, roughly unchanged from the day before. In London, the closing price was £570.48 per ounce, which converts to $599.50…”
“Based on the information we’ve gathered, aside from a slight decline in the New York market yesterday, the international gold market hasn’t been significantly affected by our short positions!”
No sooner had George finished speaking than Li Yi asked calmly, “So, in your opinion, how do you think the gold price will move today—up or down?”
Billy furrowed his brow and said, “Sir, based on my over twenty years of experience in this field, the situation doesn’t seem to be in your favor!”
“Are you saying the price of gold will go up?”
“That’s our analysis,” Billy said.
“George, what are your thoughts?”
“It will go up, but the increase shouldn’t be significant. At most, it’ll rebound to $599 per ounce—it’s unlikely to exceed $600!”
Li Yi smiled but said nothing. Instead, he turned to Lan Xinyi, who was sitting beside him, and asked, “What about you?”
Lan Xinyi furrowed her brow and said, “Judging by the current trend, the signs of an upturn are very clear. If I were to make my own assessment, I would also expect gold prices to rise slightly.”
Then Lan Xinyi changed the subject and added, “But compared to my own judgment, I trust your analysis more, Boss. The long-term trend is definitely downward!”
Although this might have sounded like flattery, it was Lan Xinyi’s genuine opinion.
There was a time when she, too, had been extremely confident in her own insight and judgment.
But in the end, she realized that all she could see were short-term fluctuations, while her boss could accurately analyze the ups and downs of a specific phase.
He could accurately predict the overall market trend, and his short-term analysis was equally spot-on!
From that moment on, Lan Xinyi realized that the gap between her and her boss was as vast as that between a firefly and the sun.
Li Yi looked around the room and said, “So what should we do if the gold price goes up?”
Billy replied immediately, “If it rises slightly, there’s no need to panic for now. But if the increase exceeds $10, we’ll have to consider whether to continue. After all, for every dollar the gold price rises, you’ll lose $17 million!”
George chimed in, “I agree with Billy. Once the gold price rises by more than $10, there’s no point in continuing this game!”
“Haha, can’t you hold out for just $10?”
Then Li Yi made another startling remark: “If things go as expected, the gold price will be driven above $620 before 11 a.m.!”
“That… that’s impossible. A jump that big would require exceptionally positive news!” Billy said, looking stunned.
The recent surge in gold prices had its reasons, and in less than two months, the price had already skyrocketed by 1.5 times—it was almost at its limit.
It would be incredibly difficult for the price to rise another $20 per ounce. Unless…
At that thought, Billy fixed his gaze on Li Yi and asked, “Boss, have you heard something? Is there a capital group preparing to short us?”
Li Yi didn’t explain. Instead, he glanced at his watch and said, “It’s almost nine o’clock. You guys go outside and keep an eye on things—the show is about to begin!”
Billy: …%￥#￥%
George: #￥%……
Lan Xinyi: &……%￥#
……….
At exactly 9:00 a.m., as a piercing electric bell rang out across the market, the frenzied trading on the New York Gold Futures Market began!
As soon as trading began, someone placed a large order for gold futures contracts at $599 per ounce.
Clearly, investors who had bought at yesterday’s low prices were ready to test the waters at this price!
If they were lucky enough to execute a trade, they would make a profit of about $3 per ounce.
However, unexpectedly, these futures contracts were snapped up the moment they were listed.
Seeing this, investors immediately became excited; the market’s lively activity clearly signaled that today’s gold price was poised for a surge.
Consequently, some investors tried raising the price to $600 per ounce.
The result was that they were quickly snapped up again, at a speed that was jaw-dropping.
Less than ten minutes into the session, the gold price had already broken through $600 per ounce.
When Billy’s people relayed the situation back to the VIP lounge, everyone present turned pale.
This meant that not only had Li Yi lost all of yesterday’s meager profits, but he had also incurred a loss of $1,700.
More importantly, trading had only just begun; if things continued at this pace, there was no telling how much more he would lose today.
“Boss, judging by the market’s abnormal behavior, there must be a mysterious force working against us—they’re trying to drive up the price of gold!” Billy said in a low voice.
“Billy, look up someone for me!” Li Yi said suddenly.
“Who?”
“William!”
“That William… you don’t mean the legendary William, do you?” Billy asked, looking stunned.
“That’s right, it’s him!”
Billy quickly caught on and said, “Boss, could it be that Legendary William is sniping at us?”
“If my intel is correct, it’s definitely him!” Li Yi said.
Hearing this, the expressions of every member of Billy’s team and George’s team changed; everyone’s face grew grave, even tinged with despair.
“Sir, if it really is Old William sniping at us, my suggestion is that we consider cutting our losses and getting out!” George said in a low voice.
“Why?”
“Because it’s William—Legendary William!” George said in a low voice.
“Although I don’t know just how legendary this ‘Legendary William’ is, in my view, a legend isn’t a myth—and even if it were a myth, it’s meant to be shattered!” Li Yi said calmly.
“Sir, William is the founder of the Ram William Fund and a godfather-level figure in the Western Chamber of Commerce. He is an absolute legend in the stock market. In just 20 short years, he turned his initial investment of $1,000 into 500,000 times that amount. Moreover, he has shorted the British pound on multiple occasions, inflicting heavy losses on the British government each time.”
George continued, “What’s even more terrifying is that his fund has grown to $10 billion. Both Jim Rogers and Warren Buffett have suffered major losses at his hands. If he really sets his sights on us, we won’t stand a chance—unless…”
“Unless what?”
“Unless our capital exceeds that of the William Fund!”
Li Yi shook his head and said, “That’s impossible. We don’t have much in reserve funds, banbanhaobang!”
It wasn’t that Li Yi didn’t have the money, but he wouldn’t touch it unless absolutely necessary—and he certainly wouldn’t tell George and the others about it.
“Well…”
Hearing that Li Yi had no reserve funds, George and the others looked even more grim.
Just then, a young man from Billy’s team rushed in, bringing yet another piece of bad news: the price of gold had risen again!
It turned out that while they were talking, trading activity outside had reached another peak.
Yesterday, Li Yi and his team had dumped a massive number of futures contracts, and some had keenly sensed that someone was shorting gold. Today, however, someone was buying up gold on a massive scale—clearly, someone had stepped in to counterattack the group from yesterday.
Clearly, a gold war was unfolding!
Consequently, many people began frantically raising their prices; some had already listed prices as high as $610 per ounce, yet those buyers were still taking every offer.
This move further provoked the investors, who kept raising their asking prices. Consequently, gold prices on the New York futures market were driven to new highs, and the situation was becoming increasingly unfavorable for Li Yi’s side.