Chapter 272: Oil Prices Drop
When Feng Xingtai was enthusiastically preparing for the New Year's celebration, Feng Yu had returned to the ice city and was talking on the phone with Ho Shau Kee, who reported the latest prices of international crude oil and London gold. wwW.lWXs520.COM
On 17 January, the price of oil rose by one dollar and then began to fall, and then from that day on, the price of oil fluctuated and fell every day, and it has been 10 days, and the price of oil has fallen from more than $27 to $19, especially on the day of 17 January, the price of oil fell the most and the most ruthlessly, from the highest point of more than $27, directly fell to less than $23, and the next day it fell to less than $20.
Then the price of oil began to fluctuate slightly, but the price just couldn't go up, and each day closed lower than the previous day, and the closing price was kept below $20.
He Zhaoji admired Feng Yu's analysis and operation to death, and someone really dared to bet on the sharp drop in oil prices, and it was really successful. It's just that He Zhaoji is a little worried now, whether Feng Yu's limit price is a little low, eighteen dollars, if it is twenty dollars, now Feng Yu has completed the delivery and made a lot of money.
Feng Yu just told him, wait patiently, although the price of oil fluctuates a little, but it will not rise, as long as it is a few more days, it will definitely fall to a low price of 18 US dollars, and then it will be the time for automatic delivery to make money.
The people of the Fu family gathered at Fu Rongqi's house again at this time to discuss whether to believe Feng Yu and the price of oil would fall below eighteen US dollars.
If they buy at a high above $20, use high leverage, even though there is only a $2 difference. But it can still have about twice the profit.
It's a pity that they couldn't fully trust Feng Yu at the beginning, and if they followed Feng Yu to sell short at a high price of more than twenty-seven dollars. When the price of oil drops to eighteen dollars, their profits can be six times greater!
Feng Yu bought hundreds of millions of dollars, and they are all the highest leverage, doesn't it mean that Feng Yu can earn more than two billion dollars?
The other three brothers of the Fu family are all complaining about the big guy Fu Rongqi, if Fu Rongqi bought it at the beginning. They're definitely going to buy it, too. Even if you only invest 100 million Hong Kong dollars, you can earn back 500 million or 600 million Hong Kong dollars. If they can invest more, they will earn more.
Fu Rongqi was furious, look at the whole Xiangjiang, who has shorted oil? How many people in the world have shorted? Even if I followed the short selling at that time, would I dare to use high leverage? Dare to bet on such a low price? Who of you would have thought that in the event of a war, oil production fell. Will the price fall instead?
Feng Yu bought so much at that time, you don't know, which of you dares to buy it?
The big guy was angry, and they didn't say anything. They only dare to complain, if the Fu family didn't have a big guy in front of them, they wouldn't have today's status.
In fact, if the bigwigs asked them to buy it at that time, they might not dare to buy it. However, knowing the opportunity, but because he didn't have the courage to make a lot of money, he inevitably felt a little uncomfortable.
Fu Rongqi felt uncomfortable too. On the sixteenth, the price of oil had soared, and he thought that Feng Yu's analysis was wrong. But on the afternoon of the 17th, the price of oil suddenly plummeted, who would have thought this?
Then the price of oil fell all the way and never rose again, and he reacted that when he wanted to buy it, it was too late.
According to Feng Yu, there is almost a price difference of two US dollars, but two US dollars, the profit is too small, unless you dare to use the highest leverage of five percent of the margin like Feng Yu, but the risk is too great.
Fu Rongqi has watched the development of the Fu family to this day over the years, and has also seen many former Xiangjiang tycoons slowly fade out of people's sight, most of them because of speculation failures.
Investment is not terrible, although there is also a risk of loss, but through detailed analysis and careful operation, the risk is controllable. But if it is speculation, it is no different from gambling ~ Bo, although the profit is very high, but the risk is also very large, a little careless, you may lose your money.
Just like Fu Rongjin, who speculated in rubles, he didn't lose 400 million yuan in a short time, and now he relied on the gold futures news provided by Feng Yu to earn back most of the money.
But after earning it back, Fu Rongjin didn't dare to bet on the decline of oil? Instead, he quickly returned the borrowed money, and those who lost once sought more stability.
Fu Rongqi doesn't plan to continue to invest in oil, the profit is not high, and there is still a lot of risk, it is better to speculate in gold. The gold market is also a little fluctuating at this time, the price is really as Feng Yu said, it has been falling, has fallen to about 360 US dollars / ounce, I believe that the bottom line price of 355 US dollars said by Feng Yu should not be far away.
Following Feng Yu to short sell gold, they also made a lot of money. Fu Rongqi called everyone this time to ask everyone to prepare funds, he planned to buy the bottom at about three hundred and fifty-five dollars, thinking that it was very safe, whether the other brothers should follow up and let them make their own decisions.
The other three brothers of the Fu family looked at each other, and they all decided to invest another amount of money, although they didn't believe that the gold that Feng Yu said would rise sharply, but the eldest brother's team had analyzed it, and the price of gold would definitely rise, and they couldn't guarantee how much it would rise, so they still believed in the analysis results of the eldest brother's team.
Anyway, they can buy and sell at any time, and they don't need too high leverage, so they should be able to make a lot of money steadily.
Fu Rongqi is still hesitant to hedge and reduce risks. In the past, when he invested in futures, he would hedge, that is, to buy and sell the same number of contracts, so that once a certain order was to be closed, he could use another hand of the order to hedge and offset.
This is the method adopted by many large companies and financial predators. While profits are reduced a lot, risks are also reduced a lot.
Although they gave up a billion to make a billion, they would not let a billion suddenly become a billion, or even disappear directly, and they could use a billion to invest and earn a profit of 100 million.
Fu Rongqi's mind was full of Feng Yu's appearance of shorting oil that day, so confident, so free. It's as if you think you can win, and you can't lose.
Young people, even if they rush in, but at Fu Rongqi's age, they will no longer do things that are so risky, even if the profits are also very tempting~ people.
It's better to hedge, a small amount of hedging, reduce the risk, I believe that when gold falls to $355, it will definitely rise again. But he is not sure whether he can reach a high point of more than four hundred dollars as Feng Yu said, and no one in his team dares to make this kind of analysis.
After a few more days, the price of oil finally fell below $18 and closed at $17.74, while all the oil futures contracts in Feng Yu's hand were delivered.
When Fu Rongqi heard his subordinates' report that oil had fallen below eighteen dollars, he actually had a feeling of admiration for Feng Yu in his heart.
Since the oil analysis is so accurate, whether the gold analysis will be very accurate, this time there will be no hedging, Fu Rongqi also decided, bet once! (To be continued.) )
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