USD continues to fall, and the crude oil and gold markets are doing better.
At this time, the people who invested in these things should be happy, but there was no smile on Soros' face.
Gold prices had reached 930 USD, and Soros's Quantum Fund had made lots of money.
But when he saw that the price of crude oil had increased even more. When it reached 119 USD, he couldn't laugh anymore.
He had thought he can make more profits than Feng Yu and the rest and let the Quantum Fund have the highest profit margin. He can also become a legend.
After he retires, his legend will spread in the market.
But now, although he had made a lot of money, he had become a supporting character again!
Who would have expected OPEC to cut production? How can crude oil prices rise so fast?
At that time, he felt that there was no problem with his investment strategy. He had shorted the stock market in Japan and the stock market in London. The price of gold had been rising as he had expected.
Although Soros did not raise a lot of funds this time, the amount he raised is not small. His company's funds and the commission from the funds he raised will allow him to make high profits.
But when Soros remembers he had missed out on crude oil, he is not happy.
"Boss, should we switch to investing in crude oil?" Drucken Miller asked.
Investments must not be stingy, and when it is time to change direction, it must be changed. The Soros and Soros had estimated that gold prices will rise to 1,000 USD at most.
They had planned to leave the gold market, and they might as well retreat now and enter the crude oil market. They can still make some profits.
"Drucken, do you think crude oil prices can break 120 USD?" Soros asked.
"It should be possible. OPEC has not made any moves, and the rest of the major countries are keeping quiet. Furthermore, the market is in high spirits, and there is a 95% chance that crude oil prices will break 120 USD!"
These were the accurate conclusions they came up with after detailed data analysis and analysis of some policy forms.
"Does the analysis include how much more oil prices can rise after it breaks 120 USD?"
This is the most important. Soros does not mind if the oil prices break 120 USD, but he wants to see how much profits there are.
They are in the hedge fund business, and if the profits are high, they will jump in. But if the profits are small, Feng Yu might as well continue to short the European and Asian stock markets. He can also target Hong Kong.
"It's hard to determine. After our analysis, we think that 120 USD is a very important threshold. 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 drop is temporarily unpredictable. What's important is that we don't know when this negotiation will start and when we will have a result. "
"And now, including the United States, they are imposing economic sanctions on OPEC members. It is also possible that OPEC members compromised first and they took the initiative to negotiate."
In the end, there were too many variables for Drucken Miller and the others to gamble on.
If they only had a little money, they could gamble for high profits. But they had so much money, and many of them were investors' money. They could not afford to lose.
Thinking back to the time when they stirred up a storm in Asia, they ended up suffering a crushing defeat. Not only did they lose all their profits, but they also lost a lot of their capital.
At that time, Quantum Fund's profits, which had been maintained for many years, were cut off. They had finally recovered, and they don't dare to take the risk again.
If they had succeeded in the past, the Quantum Fund would be much more famous now, and Soros would be able to raise a lot more funds than now.
Because of the decline in their reputation, Soros's overseas investments had become more passive, and he can't get hold of some important information easily.
Most of the information is time-sensitive, and they will get the most benefits if they know about it first. But if they know about it with other people, they will be in a disadvantageous position and might suffer losses.
Soros thought for a while. "If the gold price exceeds 950 USD, we will cancel our contracts. We will enter Japan's stock market and get our men to investigate Hong Kong's stock market! "
Drucken Miller knew Feng Yu had not forgotten his grudge against Soros in the past. He wants to get up from where he had fallen.
But if he goes to Hong Kong, he will have to face Feng again, and Drucken Miller is not confident.
To Drucken Miller, buying crude oil now is a good idea. They are hedging their bets, and the risk is not high. But since Feng Yu had made the decision, Drucken Miller will not reject him.
Drucken Miller only hopes to make money this time and wait for his boss to retire before he takes over the Quantum Fund!
Almost all the automobile manufacturers in the world are watching the crude oil market. They are not speculating on crude oil futures, but the increase in crude oil prices will have a negative impact on their oil-burning vehicles.
Oil prices will double, and many people's monthly petrol expenses will double. Some people who had planned to buy cars will stop buying because of this.
Many automobile manufacturers are multinational companies and have influence with the higher-ups. They know the higher-ups are negotiating with OPEC to resume production or even increase production.
No one knows how the negotiations are progressing. The higher-ups of the major companies are asking about it.
At this time, Feng Yu is leisurely fishing in Hong Kong. Feng Yu had just returned from the US, and he can relax.
No matter what OPEC does, Hua Xia will know about it. That's why Hua Xia's government will be the first to know about this, and they will inform Feng Yu immediately.
Crude oil prices will surely exceed 120 USD and will continue to rise to 140 USD.
Feng Yu is not confident that crude oil prices can exceed 140 USD and does not know how the negotiations are progressing. But before the price rises to 140 USD, both parties will not give in.
This is not a small interest. To OPEC, this is the most important interest of their countries. To Hua Xia, the US, Japan, and other major oil importers, this is very important. If not, they will not impose economic and trade sanctions on those countries.
But the more this is the case, the more OPEC cannot back down. If they back down, they will not have the right to speak in the future. At least, they must limit the shale oil production, or they will not increase their production!
As the tug-of-war continued, the price of international crude oil quietly broke through 120 USD!
… …
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