v3 Chapter 869： Huge floating profit (1/2)

”The opening price of advanced copper futures is 0.8325 US dollars/lb!”

”The opening price of aluminum futures is $1.6815/lb!”

Song Yang said happily in the operation room of the Galaxy Fund.

Although the boss himself is here and can also see the data, he still likes to read the data.

These cold data are so cute to him. His heart seems to fluctuate with these data. Every time the data beats up, his mood gets excited.

”Compared to last weekend's closing price, advanced copper futures opened up 5.98%, and aluminum futures opened up 5.78%.”

”It's quite reasonable to depress it for two days. It's still in the early stage!”

Xia Yu said with a faint smile.

His voice seemed to have a magical power, so that Song Yang's original excitement was smoothed. The smile on the latter's face slowly reduced, and he took a deep breath and nodded: ”You are right.”

After a few seconds of silence, Song Yang couldn't help but curiously asked: ”Boss, when will we start to retreat?”

Xia Yu's eyes withdrawn from the rising data, glanced at Song Yang, thought for a moment, and said: ”No hurry, Wall Street Capital is still entering the market. They will not leave without making a profit. Wait and see for another two weeks. Time to wait for an opportunity to act.”

Although the market is messy now, Xia Yu's heart is like a bright mirror, looking through the chaotic market and seeing the most essential things.

The capital market is a game of big fish eating small fish. Players of all sizes are flooded with it. Generally speaking, big fish eat small fish and small fish eat dried shrimps. But there is no absolute thing, it is impossible to guarantee that the small fish will not turn into a shark instantly.

In the early stage, the longs led by the Galaxy Fund and the shorts led by Philip Brothers had already piled up the gambling table with hills of dollars.

Now, various financial institutions are pouring into it, making the US dollars on the gaming table more and more.

Now no one can tell when the gambling will end. Maybe everyone is lucky enough to try to get the last laugh and get more benefits.

As the prices of advanced copper futures and aluminum futures become higher and higher, there will definitely be conservative institutions exiting, and institutions that are originally calm but jealous will enter.

In this game of drumming and spreading flowers, the losers and the final takers will die, and the money will be the institutions that withdraw from the middle and late stages.

It's just that the institutions that withdrew in the early to mid-term will certainly not make as much money as the institutions that withdrew in the mid to late period.

If you want to make more money, you must take greater risks. Risks and benefits are always proportional.

However, no matter how these institutions play, Xia Yu cannot be bypassed, and the initiative remains in Xia Yu's hands from beginning to end.

Only when he starts to clear the position, the gambling will begin to be turbulent, unless a more powerful dealer than him is re-established in order to maintain the gambling again.

According to statistics, including companies such as Galaxy Fund, Jiuding Securities Co., Ltd., London Bright Fund, etc., the copper futures and aluminum futures contracts held by the Jiuding Consortium account for more than 50% of the market.

Counting the two allies of the Howard family and Sumitomo Corporation, Xia Yu’s camp has controlled more than 65 percent of futures contracts in the global market, and maybe even 70 percent.

Although not comparable to the peak data of 90% of the global silver futures contracts controlled by the Hunter family, combined with the amount of spot controlled by Xia Yu, the influence is not bad, or even worse.

In the past, the Hunter family manipulated silver futures and was limited by capital, mainly playing low-cost futures contracts. The proportion of control over the spot was quite low, only a few percent. Therefore, when the spot market is chaotic, it will lose control and thus Destroy the futures market.

With lessons learned, Xia Yu was much more cautious.

Now he has spent more than 5.5 billion U.S. dollars just ordering people to buy the spot, buying 1.12 million tons of metal copper and 1.34 million tons of metal aluminum.

Although these metals are still in the warehouses of various mining companies, the spot trading contracts have been signed, and these metals already belong to him. I believe no company dares to take the risk of facing the threat of huge liquidated damages.

Time flies like a white horse, two weeks in a blink of an eye.

On Monday, the stock market opened on time.

Unsurprisingly, the high-grade copper futures and aluminum futures still jumped at the opening, and the prices reached 1.2145 US dollars/lb and 2.4680 US dollars/lb respectively.