Chapter 450 - Gain! (1/2)
Haru was drinking a can of coffee while listening to Ayase who told him about his gold transaction. Even though he hadn't become a billionaire in USD, he wasn't that far from it.
In the last evening, the gold stood at a thousand dollars and it kept increasing.
New York Mercantile Exchange gold futures have successfully soared to close at 1028.7 USD per ounce and broke the record last year which was $ 1033.90 per ounce on March 17, 2008.
”.... Gold has closed at the upper shadow line, according to an analysis of various data, I believe that driven by the weaker US dollar, spot gold regained its upward trend since the end of August, but the closing end wasn't in a new high that makes the sign of bullish trend in doubt.”
”From a technical point of view, spot gold is still going on the upward trend line since July 9. In the short term, with the continued decline of the USD, the price of gold is expected to rise to 1,100 USD.”
”The weekly Kline chart shows that the spot gold closed at the low black line with a long shadow line as of Monday this week. The long-term price of gold is supported at 700 US dollars per ounce, and the long-term resistance is 1300 US dollars per ounce.”
”There is no reason why the price of gold cannot continue to rise. Of course, there are also fundamental negative factors here. If gold continues to rise in the next two days, it will also acc.u.mulate a large number of profitable investors. It is inevitable that there will be profit-taking situations, and there may be turbulent market conditions.”
”If you can, I suggest you put the fruit of victory on the bag first, boss,” Ayase said.
Hearing Ayase's analysis, Haru sipped his can of coffee on his car that he had parked on the nearby restaurant around Hyakkou Private Academy.
Kirari was by his side waiting for him to finish talking about his business. She didn't feel bored, rather she waited in anticipation of how well that he had done on his investment.
375 USD million.
Haru smiled happily when he thought about his harvest in just two days. If he exchanged this money into yen then he really would have become a billionaire. He thought about the current trend of the market and knew that his day as a billionaire in USD would be near. He wanted to jump in excitement since he was really happy, but he calmed himself. ”First, take the profit first since Friday. It is as you said, I need to secure the fruit of victory, and then next Monday, I am going to continue to buy.”
Haru knew that he was really reckless with his transaction and even though he believed in his luck, he wasn't going to be very greedy and put all of his money in gold future.
”Yes, boss! I can sleep well tonight. I am happy to see you will become a billionaire soon, boss!” Ayase said.
”Calm down, the game is going to start on Monday,” Haru said.
”I understand, boss, but you're not going to put 100 times leverage, right?” Ayase said with a scared tone. He knew that his boss was simply madness and he didn't want him to blindly invest in it.
”No. Next time, buy it with 20 times the leverage,” Haru said.
”That's good....” Ayase, who was by the other side of the phone, said.
”I'll end the phone now,” Haru said.
”Oh, wait! I have news about your financial advisor,” Ayase said.
”Oh? Really?” Haru asked.