Chapter 311 The Best Is yet to Come (Congratulations on Your Prosperity)
At the beginning of 1980, global metals were still continuing their upward trend from the previous year.
These days, not only the United States, Japan, and the United Kingdom, but also metal concept stocks in other countries have accelerated their growth.
In just a few days, gold, which had been testing the 800-per-ounce mark, rose to $830 in the blink of an eye.
In Japan, Tonghe Mining, which has the most impressive trend, has transformed from a hundred-yuan stock into a metal concept stock approaching the thousand-yuan mark after a year of climbing.
Silver futures, owned by the Hunter family, have not only reached a new high of $50 per ounce, but are also likely to continue to rise.
The reasons for this phenomenon, apart from the international form, remain unknown.
What's more, it's because all retail investors are buying like crazy.
Not to mention common metal concept stocks, all stocks that have something to do with metal these days have been scooped up by investors with great wisdom.
"Huang & Lam" Advertising in Hong Kong is a small advertising company.
In the early days of its establishment, relying on the reputation of the two partners, the company's accounts were still very promising.
Unfortunately, as time goes by and there are more foreign enemies, the life of "Huang Yulin" is not as smooth as it was at the beginning.
The only good thing is that the team that produces advertisements has become very sophisticated.
At nine o'clock in the morning, Lin Yanni, who had just joined the company, was applying nail polish on the phone hands-free.
"Sister, I really don't understand what you are thinking. Huang Zhan is confused and you are confused too?"
Lin Zhenqiang's voice came from the other end of the phone.
This talented man who has written thousands of songs is not only Lin Yanni's younger brother, but also the idol of the great poet Lin Xi.
"Now the whole world is rushing to buy metal stocks. If you don't buy them, forget it. Why are you still buying them? Do you know what outsiders are saying about you now?"
"What did you say?"
"This Huang Zhan doesn't even understand how to play Hong Kong stocks, so why should he play US stocks?"
Lin Yanni paused and remained silent.
"Forget it about playing U.S. stocks," Lin Zhenqiang's voice continued to come from the phone: "I'm actually going to go against the trend and buy short silver. I'm going to laugh it off!"
Lin Yanni was uneasy about this matter, and there was lightning and thunder hidden in the silence.
After a few days, people who had been arguing in the mainland said, "Jiang Sheng's words make sense," "How come he knows everything?", "There must be something complicated behind him," and "Since it's fast in and fast out, I might as well try it. Give it a try,”…
It was all turned into a sigh.
"Alas~"
At that time, he was either possessed by an evil spirit or poisoned...
Otherwise, how could she, who was originally opposed to Huang Zhan, join in the stupidity?
"Can you not talk about this? Zhenqiang," Lin Yanni said feebly: "I have to go to a meeting. McDonald's advertising plan is about to submit bids..."
"I'm mainly worried that you will get lost and never come back. Close your position quickly, sister, otherwise you will lose more," Lin Zhenqiang advised: "After you sell it, join me in buying gold. Maybe you can make some money back."
"Are you in gold?" Lin Yanni thought for a while: "Aren't you afraid of chasing highs?"
"What are you afraid of? I've already made money."
"..." Lin Yanni's heart skipped a beat, but then she said, "Zhenqiang, have you ever heard of the principle that when things go to extremes, they will always reverse, and once they accelerate, they will reach their peak?"
"I only know that the general trend is irreversible..."
Before he finished speaking on the phone, Huang Zhan pushed open the office door.
"Yanni, look at this quickly,"
Huang Zhan, who rushed in with a newspaper in his hand, threw himself on the desk without even holding his legs in excitement.
"What's wrong?" Lin Yanni panicked immediately: "What happened?"
"This, this," Huang Zhan pointed his finger at the newspaper: "Look at this, the new rules of the New York Stock Exchange."
"What?"
When Lin Yanni heard this, she quickly buried her head: "From now on, only the sale of old silver contracts is allowed, and the creation of new silver futures contracts is prohibited... What does this mean?"
"It means that the Hunter brothers can only sell silver in the future," Huang Zhan smiled so hard that he couldn't buy any more silver. Not only him, but also the Saudi prince. No one can buy silver. La!"
When Huang Zhan said the last word, he laughed out loud.
Once this temporary trading regulation is introduced, no one can anymore manipulate the price of silver through large purchases!
"It can still be like this," Lin Yanni shouted and stood up: "Is the New York Stock Exchange crazy?"
"Hunter is the one who deserves to be crazy,"
The next second, Huang Zhan clenched his fist and pounded the table: "I want to see how he handles Lao Lei in the future."
Turning his eyes, he saw the phone with the light on the table: "Are you on the phone?"
"Hi," Lin Yanni nodded: "This is from Zhenqiang. He advised me to quickly liquidate the shorted silver and buy gold."
"Hmph, it's gone," Huang Zhan, who has always liked to use swear words, didn't hold back at all after returning to Hong Kong: "Haven't you ever heard of the saying that when things go to extremes, they will turn into reverse?"
Lin Zhenqiang on the phone just wanted to ask clearly: "Is the news you just mentioned true or false?"
"I'm going to kill you," Huang Zhan hung up the phone: "Don't delay my call!"
Lin Yanni, who didn't even raise her head, couldn't care about anything.
Still reading the news in the newspaper over and over again.
…
A few minutes later, Jiang Shan, who was sitting in the newspaper office, picked up the phone on his desk.
"Jiangshan, do you recognize who I am?"
"Brother Zhan,"
After Jiang Shan finished speaking, he lowered his head and glanced at the calendar on the table: "You called me at this time. What news did you hear?"
"You guessed it right,"
Huang Zhan read the temporary regulations of the New York Stock Exchange with a smile: "How about this news?"
"It's great," Jiang Shan held the phone and lit a Xiaoyao cigarette: "Listen to me, don't let go in the next month, just keep in touch."
"Okay, I'll report the progress to you at any time."
Just now, Huang Zhan had made a decision in his heart: McDonald's stock will not be sold.
Jiang Shan, who can guess the trend of silver, can definitely guess the trend of McDonald's.
"Then let's do it this way," Jiang Shan looked at his watch: "The market will open soon, take a look at the reaction of Hong Kong stocks first."
"OK!"
According to Huang Zhan's description, the New York Stock Exchange should have announced this temporary regulation immediately after the futures market closed.
At that time in Hong Kong, it was exactly 3:30 in the morning.
In order to ensure the freshness of daily finance, Hong Kong's "Economic Herald" will not start printing until the US market closes.
At this time, many people in Hong Kong have noticed this new rule of the New York Stock Exchange.
Some big investors had already thought of countermeasures before dawn.
In 1980, Hong Kong's stock exchange did not have large display screens, nor did they see many red shirts.
What there was was just a large blackboard with constantly changing numbers and rows of traders holding phones and shouting.
As soon as 9:30 in the morning arrived, Huang Zhan dialed the phone in his hand.
At the end of the day, he couldn't remember how many consultation calls he made until the market closed.
"How is it?" Lin Yanni, who had been accompanying him, asked anxiously: "Did it fall?"
"It will definitely fall," Huang Zhan was a little disappointed: "But it only fell a little, not as much as I imagined."
"Let's wait and see," Lin Yanni thought it was a good thing to turn down: "After all, it's only the first day."
"Well," Huang Zhan nodded: "I'll go to sleep for a while, the highlight hasn't started yet."
A few hours later, the trading of the New York Stock Exchange was their main event.
On January 22, 1980, the second day after the New York Stock Exchange announced the "New Rules for Silver Futures Market".
Silver prices plummeted across the board, falling from $50.3/ounce to $34/ounce in just one day.
When Huang Zhan and Lin Yanni heard the numbers coming from the long-distance call, their screams immediately resounded throughout the dark office building.
Two days later, the Federal Reserve announced an interest rate hike.
Gold holders in the futures and stock markets cheered, thinking that metal concepts would continue to rise sharply.
Unexpectedly, "silver" continued to fall after the market opened, and fell directly below the $30 bull-bear dividing line at the close.
The silver bear market is here!
In the middle of the night, cheers rang out again in the office building where Huang and Lin were!
This time, there was another stunned Lin Zhenqiang in the office.
Stunned with him were the silver short-side troops who had previously withdrawn from the market.
After the daybreak,
When Huang Zhan told Jiangshan the good news, he sighed curiously: "I didn't expect that even the interest rate hike could not stop the decline of silver. It seems that God is helping us!"
Jiangshan smiled and drank a sip of tea: "Steady brother Zhan, the good show is still to come..."
"Jiangshan, thanks to you," Huang Zhan's recent mood is bubbling with joy: "I have been very happy these days. The group of losers who laughed at me for buying shorts have all failed."
In February 1980, the silver futures of the New York Stock Exchange continued to fall.
It also fell synchronously with it, and the star ticket "gold" in the eyes of the public.
Since it hit a new high of $830/ounce, gold, which had saved the sideways market, directly started the decline mode.
In 10 days, the gold price has fallen below the bull market psychological price of $600.
At the same time, Japan's leading metal stock Tonghe Mining, after failing to hit the 1,000 yuan mark, quickly turned downward.
900 yen, 800 yen, 700 yen...quickly fell back, all in one go.
So far, all the metal leaders have fallen back into the bear market in less than half a month.
But this is just the beginning, and the falling figures are still jumping.
…
[On February 14, 1980, Yu Sigui called me from Tokyo. She sounded quite happy, but I didn't understand what she wanted to talk about. After I kindly reminded her to pay attention to the phone bill, Yu Sigui shouted on the phone: Happy New Year! ]
[On February 15, New Year's Eve, because Chen Peisi stayed at home and couldn't be driven away, I simply called Pan Hong and Liu Xiaoqing over together.
The New Year's Eve dinner was a lively one in the main room and a table in my room.
Halfway through the meal, the 18-inch Hitachi color TV in my room started playing "The Legend of Chu Liuxiang"...】
In just over a minute of the opening credits, the TVB beauties in ancient costumes, such as Wang Mingquan, Zhao Yazhi, Huang Xingxiu, etc., have dazzled the people in the room.
Before the New Year, Huang Zhan sent a bunch of videotapes from Hong Kong, and they were all used at this time.
"Take a good look at them all," Jiang Shan said with a glass of wine, "This is called a martial arts film, Xiaoqing, you have to learn the moves in it."
After the New Year, the first martial arts film in the mainland will start shooting, and Liu Xiaoqing will be the heroine.
Unfortunately, at this moment, Liu Xiaoqing didn't pay attention to the moves on the screen at all: "Who is this girl? She is so beautiful, right, Pan Pan?"
"Well," Pan Hong grabbed a strand of hair and kept twisting it: "How do you comb their hair? It's much more beautiful than ours."
"Her name is Zhao Yazhi," Jiang Shan thought he could try to comb their hair: "They are both beautiful in ancient costumes."
After a while, the ping-pong-pong-pong-pong-pong of swords and swords on the TV attracted everyone in the hall opposite.
In the end, even Li Ruocheng and his wife squeezed in with tea cups.
Watching one episode after another, until there was a loud noise outside the house, everyone ran into the courtyard and set off fireworks together, laughing and joking.
"Happy New Year!"
"Happy New Year!"
"happy New Year to all!"
"Don't forget it," Jiang Shan shouted amidst the sound of congratulations on the New Year: "Come to the streets with me to buy stamps tomorrow morning!"