"Boss, crude oil had risen to 97 USD again. Seems like it might not break 98 USD today. Last time, some financial groups in Europe dumped their crude oil, causing the crude oil that had just risen to 98 USD to fall back to 91 USD. This time, should we polish it first? "
Soros asked Drucken Miller to sit down. He took out two cigars from his favorite cigar box and threw one to his most valued subordinate.
"What's the situation with the gold market?" Soros did not mention crude oil and asked about gold.
"Gold prices had risen to 740 USD per ounce, and many people estimate that it will be hard for it to break the 750 USD line."
Soros said with disdain. Hard to break the 750 USD line?
Those who said this are either lying to others or idiots!
Rothschild, one of Europe's oldest families, had made their move, and it is not a problem for them to push the gold prices higher.
Furthermore, the crude oil market had been closing their contracts, and this means some people are planning to withdraw from the crude oil market.
What will happen to those who withdraw their funds? Will they speculate in the stock market, bonds, or other futures?
Gold is the easiest to make money and has the lowest risk!
The stock market is falling, and who dares to speculate in it? As for bonds, the risk is higher.
Crude oil and gold, these are the most reliable futures for bulk trading. Crude oil is blocked by the 100 USD line, and it will be hard for it to break through unless a few financial groups work together.
But it is obvious that most financial groups are targeting gold.
With so many funds entering the market, will it be hard for gold prices to rise? Soros felt it will not be a problem even if it is 800 USD, let alone 750 USD.
"Get ready to close all our crude oil futures contracts and buy gold futures contracts. Follow our plan. Don't be too risky, and don't be too careful. "
"Yes, Boss. I know what to do." Drucken Miller nodded.
Soros laughed and said. "Drucken, I think I will retire soon. After this, we will become the most profitable hedge fund company, and I will announce my retirement. My position will be yours next year! "
Drucken Miller was overjoyed. Out of the four fund managers of the Quantum Fund, three of them had left, and only Drucken Miller chose to stay. It is all for this position.
Not only did this represent great benefits, but it also represented great fame and honor. Soros was old and should have retired long ago. He had been waiting for this sentence!
"Boss, your health is still very good. The company still needs your leadership." Although Drucken Miller wished that Soros could retire immediately, he pretended to persuade Soros to stay.
Soros laughed heartily. In fact, he did not want to retire at all. But after thinking for a long time, he could not think of a way to make his wealth surpass Buffett, let alone Feng Yu.
Since he couldn't surpass them in terms of wealth, he would do something that would make them look at him in a new light and then retreat. This way, no matter what the two of them achieved in the future, people would always compare him.
When the sub-prime crisis broke out, Warren Buffett, the God of Finance Feng Yu, none of them earned as much as Soros!
This way, even if Soros couldn't do anything remarkable in the future, he would still be praised by the world, and his dream of making everyone remember him would be fulfilled.
Although he had always been in the hedge fund business, he had to admit that real estate was really important. Even the world's top conglomerates had to set up banks.
It was not hard to make money from financial products, but it was also easy to lose money. If a real estate was successful, it could be profitable for many years. For example, Coca-Cola, Walmart, etc.
Soros lacked real estate compared to Warren Buffett and Feng Yu, and his funds cannot be compared to Warren Buffett and Feng Yu. It was impossible for Soros to surpass them, especially Feng Yu. After all, Feng Yu was much younger than him.
Soros led his funds to sell the crude oil futures, causing the crude oil futures prices to fall slightly.
After that, some international speculators entered the crude oil futures market. None of them expected crude oil prices to rise by more than 100 USD. But now, it had fallen to 94 USD, and they can use 10 times leverage to increase the price by 4 USD, and they will get more than 40% profits.
And the fluctuation of four US dollars could be reached in a day.
Some people invest in financial products for the long term, but many people like to invest in the short term, especially those gamblers who use high leverage.
These gamblers can even use 20 to 30 times leverage in some financial companies. If they are lucky, even if the price rises by 3 USD, their money will double within a day.
These financial companies had made the financial market crazy, and many people had borrowed money to invest. Getting rich overnight was definitely not a dream. Such things happened almost every day.
Kirilenko noticed that something was wrong. The price of crude oil had risen to 99 USD, but it fell back to 90 USD.
This kind of 10% price fluctuation could bring great benefits.
Luckily, they had hedged their bets, and their losses were minimal. But the price of crude oil had fluctuated a few times to reach 100 USD, but it did not break through even once.
The experts in Kirilenko's team had told him that it will be hard to break through 100 USD. This is not in the interest of those big oil importing countries, like the US, Hua Xia, Japan, etc.
Then, the US and Chinese Consortiums will not let the price of crude oil rise so high. The US and Japanese Consortiums are involved in the two drops in the price of crude oil. They had pulled down the price from 99 USD to 90 USD.
They suggested Kirilenko to invest in the short term. With their strength, they can make high profits. Or they can sell crude oil futures and invest in gold.
The Rothschild Family and Quantum Fund are investing in gold, and if they join in, they will also make high profits. Also, it is safer, and they can use higher leverage.
But Kirilenko gritted his teeth and told his brokers not to mention this again. If Feng Yu does not make any moves, they will not make any moves. If there are any risks, Kirilenko believes Feng Yu will not ignore him.
Also, Feng Yu had never made any losses in his investments. Since Feng Yu is so confident that crude oil prices will exceed 100 USD, even if his team does not believe him, Kirilenko is willing to believe!
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