50s: Starting with a storage ring

Chapter 581 The Attack of Capital Tycoons

Just before boarding the plane, Sun Zhiwei sent a telegram from a secluded spot outside the airport to Huang Mingyu in New York, instructing him to switch to the second plan starting tomorrow, doubling the daily purchases and continuing the buying spree.

On the night of the 23rd, the second time bomb exploded, causing both sides to lose another 20% of their oil field production. Currently, their oil fields have been nearly half destroyed.

At this moment, Sun Zhiwei was on a plane crossing the Mediterranean Sea. Although he could not see the desert region that was already far away from him while sitting in the cabin, he still checked his watch on time.

While refueling in Paris that night, Sun Zhiwei took a moment to receive a series of telegrams, confirming that Huang Mingyu in New York had received the second wave of bad news from oil-producing countries. It seemed that the opening of the market tomorrow would be quite exciting.

The next morning, Sun Zhiwei, still on the Atlantic Ocean, didn't see the commotion that had already erupted at the New York Stock Exchange when it opened.

The bad news that came for two consecutive days made many large clients unable to hold back any longer and they started to enter the market, and many retail investors also began to follow suit and scramble for orders.

By noon, oil prices had risen to $35 per barrel, the highest in two years, but the upward momentum remained strong.

At this point, Huang Mingyu's team had already spent a total of $11 billion. With ten times leverage, they now held $110 billion in oil futures orders.

The entire futures market became extremely active, generating a large number of transactions, but an irreversible upward trend has not yet formed.

In the afternoon, Sun Zhiwei arrived at JFK Airport in New York. He went straight to the New York Stock Exchange without even going home after getting off the plane.

An hour later, Sun Zhiwei and Huang Mingyu met in the exchange's VIP room.

Having learned about the current situation, he suppressed the urge to invest more; he currently has over 7 million yuan in hand.

Because he used 10x leverage, he would have to add margin if the market fluctuated by 10%, so he had to keep 10% of his funds to avoid being liquidated.

It's not that he's cowardly, it's just that none of the big financial tycoons have intervened yet.

The truly wealthy are the big banks; their capital is far beyond his reach. He doesn't want his billions to become easy prey for capitalists to exploit.

In the early hours of the 25th, the third wave of TNT explosions occurred, but this time the scale was much smaller than the previous two days, with about 10% of the oil fields shut down.

Today, oil prices rose to $37 per barrel, the last time they reached this level was in May 1981.

This time, Sun Zhiwei spent 6 million yuan in one go, leaving only 1 million US dollars as insurance.

By this time, both warring countries had lost more than half of their respective oil production, and they dared not fight anymore.

Both countries rely heavily on oil trade for their GDP; without oil, they are nothing. The current losses are already unbearable, and both sides have begun contacting each other through third parties to prepare for negotiations.

The opening price on the 26th remained at $37. By noon, news broke that negotiations between the two sides had reached a temporary halt, and oil prices subsequently fell to $35.5.

Just five minutes before the end of the workday, a large amount of capital suddenly began to dump oil, and by the close of trading, oil prices had been driven down to $32 by sell orders worth tens of billions of dollars.

At this point, the exchange sent a warning to Sun Zhiwei's account, stating that their funds were insufficient and they needed to add $2.89 million to ensure that they would not be liquidated when the market opened the next day.

This will only be enough if oil prices stop falling when the market opens tomorrow.

But they only have $1 million left, and if they can't raise enough funds before the market opens tomorrow, their orders will be forced to close.

This news even made Huang Mingyu, who had always been solely focused on shopping, panic. Sun Zhiwei, on the other hand, breathed a sigh of relief; after waiting so long, it had finally arrived.

He had always known that the futures market was a scam, where those financial giants would harvest a wave of profits every now and then.

As long as a large amount of unfamiliar funds enter the market, they will face attacks from market manipulators, and they will basically not be able to escape the fate of being harvested.

Now he's just glad he has a special ability, unlike ordinary people who would be doomed once their cards are exposed.

It's not a big secret how much capital Guotai has, and it's not surprising that the other party knows about his remaining funds. Sun Zhiwei was just waiting for them to meet their end.

Sun Zhiwei smiled slightly when he saw Huang Mingyu's pale face. Even Huang Mingyu didn't know his trump card, so naturally the enemy wouldn't know either.

"Mingyu, go ahead and take some men to open vault number 061 in the New York branch's underground vault."

"Open all the safes inside, numbers 1 through 5. The combination for each safe is six sixes. Our last bargaining chip is inside."

"Understood, sir. I'll go right away."

Night had fallen, and those with ulterior motives were quietly waiting for Sun Zhiwei to make his move. If he failed to raise enough funds, tomorrow would be their time to reap the rewards.

They originally thought Huang Mingyu would borrow funds from various banks, but unfortunately, they waited until midnight and none of them received a call from Huang Mingyu.

Naturally, they no longer had the chance to voice the reasons they had prepared for refusing.

Just when they thought Guotai was about to give up, an unexpected sum of money entered Sun Zhiwei's account the next day when the market opened, completing the margin call.

Just as capital was preparing to increase its stake, even worse news came from the Middle East: 1500 major oil fields along the borders of major countries were attacked and all production was halted.

One hour after the attack on the wealthy family, the border was closed and all ships were prohibited from sailing, creating a tense atmosphere along the entire Red Sea coast.

The bankers no longer had time to deal with Sun Zhiwei; this was truly a major problem.

Who's gone mad to drag the big players into this? If such a vital shipping route as the Red Sea is blocked, the whole world will be thrown into chaos.

Ultimately, the news spread around 10 a.m., and countless retail investors began pouring into the oil futures market.

Driven by numerous retail investors, international oil prices surged past the $40 mark in just three hours.

This was the highest oil price in history. Even from his soundproof VIP room, Sun Zhiwei could hear the cheers from inside the trading hall.

But it's only afternoon, and there are still several hours before it gets dark. In order to protect the funds they've already invested, the bankers have started to support the market.

Throughout the afternoon, oil prices hovered around $40, and Sun Zhiwei took the opportunity to withdraw his funds.

He started releasing his 170 billion yuan worth of orders non-stop, and they were instantly snapped up by frenzied retail investors. He finally managed to dump all his orders and exit the market before the end of the workday.

After giving the operations team a substantial bonus, he dismissed all the staff before returning to Huang Mingyu's office at Guotai to begin his debriefing.

(End of this chapter)