Reborn Xiangjiang as a Tycoon

Chapter 151 Short-term trend of gold prices

"Alan, this is what happened."

After making a joke, Phil Smith continued to talk about business: "The broker I found told me that 200 US dollars per ounce is the pressure level of gold prices. The last time it was adjusted to a maximum of about 192 US dollars per ounce, this

This time is likely to be no exception. The closer gold prices get to $200 an ounce, the greater the likelihood of a correction."

"This is also our view at Goldman Sachs."

Wade Thomas said: "The price of gold has risen from US$102/ounce in the autumn of 1976 to US$195/ounce today, which has increased by US$93/ounce. In more than a year, the increase has exceeded 90%. Such a huge increase

, when the gold price faces pressure, some profit taking will definitely take place and leave the market. At the same time, short sellers will take advantage of the situation to suppress the gold price, and even long sellers will turn short and become short sellers. Therefore, it will be very difficult for the gold price to break through 200 US dollars per ounce."

This is the view of Goldman Sachs. Goldman Sachs, which has already invested a sum of money to become a short seller, certainly does not mind that its judgment is known to more people. Because only in this way can more longs leave the market, and even some longs can become shorts, along with Goldman Sachs.

Suppress gold prices so Goldman Sachs can make money.

"I just want to ask Alan how you judge."

Phil Smith said: "After all, Alan, you have invested so much money, you must have your own way of judgment. I also hope that Alan, you will not be stingy and can share your views." He wanted to hear Lin Baicheng's views first,

Then decide what to do. After all, this is an investment of tens of millions of dollars, not a small amount.

"After all, I am not a professional. My judgment on the price of gold is that it will rise in the long term. That is to say, in one or two years or even longer, the price of gold will definitely exceed 200 US dollars per ounce, or even exceed 300 US dollars per ounce. It is not impossible. The short-term market

I have no ability to judge the trend at all. If you hadn't mentioned it to Mr. Thomas, Smith, I wouldn't have paid attention to the short-term changes in the market."

Lin Baicheng shook his head. He really wanted to thank these two people, otherwise he would not have judged the short-term trend changes in the gold market. But it is different now. Last time, it had already risen and fallen once, so he doesn't care this time.

, then it doesn’t make sense.

Phil Smith was surprised: "Alan, you haven't always been a long-term investor, right? After buying it, you have been holding it, regardless of short-term changes in the market, without moving at all?"

Lin Baicheng nodded, looked at Wade Thomas and said: "Mr. Thomas should know best. I haven't operated once since I bought gold futures. Even the last adjustment of the gold price was no exception. I didn't move at all.

.”

"That's exactly what Allen did."

Facing Phil Smith's gaze, Wade Thomas nodded and said: "Investors like Allen are indeed extremely rare. It's almost the same in the stock market. Almost no investors would do this in the futures market.

.”

Lin Baicheng said aloud: "It's a pity that I didn't sell it in time when the gold price adjusted last time. Since the gold price may be adjusted this time, I have to think about it carefully."

When Phil Smith heard this, he looked at Lin Baicheng and said, "Alan, how about you let me know when you decide?"

"no problem!"

Lin Baicheng agreed with a smile, and then said: "But I want to say something first. If my judgment is wrong and you believe my judgment, then don't blame me for losing money."

Phil Smith nodded heavily: "Don't worry, Allen. Your judgment is just a reference. Just like Goldman Sachs's judgment, I will only use it as a reference. Otherwise, I will not ask you again, Allen. Therefore,

In the end, whether I make money or lose money, that is all my own business and has nothing to do with anyone else.”

"This is best. I don't want this to affect our friendship."

Lin Baicheng smiled and raised his glass, clinking it with Phil Smith.

"Me too!"

Phil Smith didn't want to affect his friendship with Lin Baicheng. After all, cooperation with Lin Baicheng could help him make money.

After that, several people chatted about other things, and Phil Smith left to find other business partners, not ignoring everyone.

It was already after nine o'clock in the evening when Lin Baicheng and Isabella left.

Lin Baicheng asked the driver to drive Isabella back first.

The car is driving on the road.

Lin Baicheng said to Isabella sitting next to him: "Isn't that friend of yours working at Merrill Lynch? Ask her to see if Merrill Lynch also believes that $200 per ounce is a pressure level. What will happen next?

There are adjustments. Except for Merrill Lynch, other

If you can collect the research reports and opinions of investment institutions such as Morgan and Citigroup, collect them too. The current gold price is already about 195 US dollars per ounce. If there is an adjustment, it should be soon. Therefore, this article

Things need to be done right away."

Isabella immediately responded: "Yes, BOSS, I will contact my friend as soon as I get back. She must know the views of other institutions."

"Well, I'll wait for your news."

Lin Baicheng nodded and said no more.

After sending Isabella home, Lin Baicheng went back to his villa in Beverly Hills.

Back at the villa, Lin Baicheng contacted Cheng Yufeng from Xiangjiang and asked Cheng Yufeng to find Yuan Tianfan from HSBC and ask Yuan Tianfan for his views on the recent trend of gold prices. He also asked HSBC and Standard Chartered Bank for their views on the gold price trend.

Then report to him immediately.

It was around ten o'clock in the evening in Los Angeles, and it was already around one o'clock in the afternoon the next day in Xiangjiang. The time in Xiangjiang is about 15 hours ahead of that in Los Angeles.

Lin Baicheng planned to take a look at the opinions of various organizations first, and took this opportunity to examine Yuan Tianfan's abilities.

Not long after, Isabella called first and told the news she had learned from her friend. Her friend believed that the price of gold would adjust next, and $200 per ounce was a pressure level.

As for other investment banks such as Morgan Stanley and Citigroup, some believe that the gold price will exceed 200 US dollars per ounce, and some believe that it will adjust. But as far as her friends know, there are more investment banks that think that there will be adjustments. But her friend said, don’t

The opinions of investment banks may be just smoke bombs. They say they are bearish, they may be bullish, and vice versa, so these can only be used as a reference.

Isabella’s friend also said that even if you are bearish now, after the gold price goes up, there is a possibility of stopping the loss and increasing the price at any time. Therefore, it is best to have your own judgment basis and other people’s opinions on how to do it.

It can only be used as a reference.

Lin Baicheng asked Isabella to express his gratitude to her friend and ask him to find time to treat her to dinner next time.

After hanging up the phone, Lin Baicheng waited for Cheng Yufeng's reply from Xiangjiang while thinking about whether to move this time and how to operate better if he did.

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(End of chapter)