Chapter 514 Abnormal Price Fluctuations
December 1, 1991.
In the howling cold wind, the foggy London city was filled with a heavy and absurd smell.
The London Metal Exchange was crowded with people. When the market opened in the afternoon, there were far more than three times the number of people gathered in the hall, and the number continued to rise. Before long, the spacious hall actually became overcrowded, and many people could not No longer crowded together, I looked up at the electronic display in front and was shocked by the jumping numbers.
Taio Hamaka invested all the money in his Merrill Lynch bank account into the copper futures market.
Part of this money came from the Hamaka family and the Takeshita family, and most of it came from Sumitomo Corporation's overseas accounts.
He controls Sumitomo Corporation's copper futures trading business and has a certain amount of circulating cash on hand. In addition, as the general manager of Sumitomo Corporation, he also has certain financial control. In order to be able to trade in the copper futures market this time In order to make maximum profits, Hamanaka Taio did not hesitate to evacuate a large amount of principal from Sumitomo Corporation.
These principals came from the Ministry of Finance, and the old woman who held the power of the Ministry of Finance also had an affair with him. In order to transfer the money, he had to play tricks with that disgusting old woman, which made him sick.
When I return to Tokyo, I must have some sex with Keiko Sakurai!
With a smile on his lips, Hamanaka Taio looked at the constantly beating numbers, and his heart was filled with joy.
The price of copper futures contracts has risen to 3,553 meters of gold per ton, which is almost the same as the low price before the crash. And he started to purchase copper futures contracts in large quantities at the price of 3,051 meters of gold per ton, and has already made a net profit of 502 meters of gold per ton. A 10,000-ton contract is equal to a profit of 5.02 million meters of gold. Now he has bought a new contract of nearly 400,000 tons. This is a profit of 200 million meters of gold!
200 million meters of gold is almost 20 billion yen. In just one day, he made so much money!
The gap on Takeshita Nobu's side is almost 5 trillion yen. According to this increase, perhaps Hamanaka Taio can successfully fill the gap in material problems for him just by harvesting leeks in the copper futures market this time!
At this moment, Hamaka Taio truly felt Kitahara Sosuke's get-rich-quick mentality during the Gulf War.
That man made a fortune from the Gulf War. After returning home, he gradually established the framework of the Kitahara Society. Today, the total market value of the Kitahara Society exceeds 30 trillion yen. In terms of size, it has surpassed the six major consortiums. The first club outside of China!
He is not satisfied yet, he is still exploring and moving towards more ambitious goals.
All this fell into the eyes of Hamaka Tainan, with envy, jealousy, and resentment.
He often wonders, if he had the same luck as Kitahara Sosuke, he would have escaped from the control of the Sumitomo Consortium long ago, established his own club, and could compete with the big bosses of the six major consortiums.
He is obviously no worse than Kitahara Sosuke, and he also has the advantages of age and experience!
"Now, it's my turn." Hamaka Taio said proudly.
At this time Takeshita Shin made an international call.
He deliberately didn't answer the call, and waited until the third time before he answered the call: "Ah, Mr. Xin, I'm sorry, the signal overseas is a bit poor. I'm really sorry that I couldn't receive your call in time."
Feeling the arrogance and change in Hamaka Taio's tone, Takeshita snorted with confidence. Once this kind of businessman becomes prosperous, he will be like Kitahara Sosuke, so proud that he will even forget his own last name.
Hamaka Taio is just a dog kept by the Takeshita family.
He has a lot of dirty information about this bastard. Now that he is going to be prosperous, he will play this game with himself, right?
Takeshita Nobu suppressed the unhappiness in his heart. There is still a time when this guy can be used, so there is no need to break out.
"How's the situation? Hamanaka-san."
"It's not a big problem. Prices are still rising at a high speed. It won't take more than a week to get a satisfactory profit."
"That's great, so I'll leave it to you, Hamanaka-san! Regarding the Kita family, I will also help you make every effort to advance it!"
"Haha, that's good. If nothing happens, I will hang up. There are too many people on the exchange and the signal is not good, hahaha."
After hanging up the phone with a laugh, Hamanaka Taio continued to stare at the trading panel. After a while, a new call came from his confidant.
A confidant brings new good news.
A large number of copper futures trading contracts suddenly appeared on the market, and it was suspected that a giant was selling the contracts!
At this point in time, only Victoria, who had not cooperated with him and did not know the inside story of the price increase, would suddenly sell the contract.
Hamaka Taio was even more excited.
After all, this abnormal rise is likely to be a sign of a subsequent crash. Similar methods of cutting leeks are common in various financial products, and retail investors with delayed information will always be deceived.
However, this price increase is the default result after he and some copper futures giants reached a consensus. There will be no changes. You can safely hoard contracts and wait until the highest point to harvest profits.
The highest point they have set is a week later, initially set at 5,500 meters of gold per ton.
Victoria couldn't help but want to sell the copper futures contract now, which was a great thing for him. He originally thought that this Russian girl would at least watch and watch for a few days.
Whether it's a fire sale or not, it would be better for Hamaka Taio to close the contract as soon as possible.
He immediately gave instructions to his cronies: no matter how many copper futures contracts there were, eat them all in one bite!
Just like that, the copper futures contract that Victoria had just sold out was eaten up in less than an hour.
After receiving the message, Victoria wanted to release more, but was stopped by her father.
Aman remembers Kitahara Sosuke telling him that the 3% copper futures contract in his hand should be released slowly, don't be anxious, sell it at the highest point, and then take it back at the lowest point. That is the most profitable time.
On December 1, 1991, the abnormal copper futures market price ended at 3,975 meters of gold per ton. Such an abnormal trading price attracted the attention of many capital giants, but it only lasted for one day, and it did not cause much disturbance. .
The next day, Taio Hamanaka got up from the warm bed of the hotel early and continued to stay at the exchange.
As always, prices were rising, contracts were selling off, and the vast amount of cash he had was put to good use, which was great.
Such days continued for several days until December 5. At the end of the morning, the copper futures contract price had reached an astonishing 4895 meters of gold per ton, which was nearly 2000 meters per ton more than the lowest of 2905 meters of gold per ton in the previous few days. Mikin!
This terrifying and abnormal increase is so confusing that traders on the London Metal Exchange are shocked.
When the market opened in the afternoon, the price suddenly jumped to 4,995 meters of gold per ton!
Such a price makes Hamaka Taio a little confused.
The highest price he has booked is 5,500 meters of gold per ton. At this rate of increase, I am afraid it will be there this afternoon. Is there anyone else pushing the price up?