Although he was in Shanghai, which was tens of thousands of miles away, he could still feel the frenzy of the New York gold market through telegrams, and he knew very well that the gold price in New York would rise wildly in the next few days, and every percentage point increase would mean hundreds of thousands of dollars in profits, and he was not willing to give away millions of profits.

After a slight sigh, he spoke: "Can you postpone the sale for two days, the New York gold market is now following the trend and doing a lot of long, but there are more shorts, they are gritting their teeth and struggling to support, once the gold price stands above 140, they will inevitably be forced to buy long and close the position, and it will not be .......too late to sell at that time." ”

Black Friday! Yi Zhixin only knows that the gold crash is on Friday, but is it this Friday or next Friday? He wasn't sure, he just judged from the current price of gold that it should be this Friday, after all, the federal government could not have been so slow to react.

He also knew Hu Guangyong's thoughts, after all, this was a classic combat example, and the other party hoped to have a gorgeous record, which was also human nature, and he was silent for a long time before he spoke: "Give one more day, three days, three days, before the close of trading on Thursday, you must throw it all away, this is an order!" ”

An extra day can mean millions, if not millions, in profits! Hu Guangyong secretly breathed a sigh of relief and said, "The subordinates will go and convey the order of the big shopkeeper." ”

New York, Yuanqi Branch.

Feng Zhigao looked at the encrypted telegram in his hand, and his first reaction was that the telegram was wrong, and it was shipped in such a crazy situation, how much profit would be lost? Soon he calmed down, this kind of encrypted telegram could not go wrong, this may be what makes Yi Zhifen different, and the reason why Yuan Qi can repeatedly create miracles may be because of this caution and not greed.

With Fisk's open, crazy, unscrupulous, and cost-free large-scale eating, and as the price of gold rebounded strongly again, not only in New York, but also in the whole of the United States from Boston to San Francisco, people are talking about gold enthusiastically, and gold has become the only topic!

On Tuesday, the price of gold in New York fluctuated violently again, but it never broke through the $140 mark, and finally closed at 137.75, a small increase, but the trading volume was amplified a lot, exceeding $100 million.

Feng Zhigao threw out the five million gold contract on the same day and then stopped, with the experience accumulated over the years, he had a hunch that the gold price would inevitably usher in a wave of violent rises in the next two days, as long as the gold price can stand firmly above the $140 mark, it will force countless short sellers to buy long and close their positions, of course, provided that there is no accident - the government intervenes, however, judging from the current situation, the government does not seem to have the slightest intention of intervening.

Many brokerages and senior speculators on Wall Street have made similar judgments, those who are bold to follow the trend are elated, while those who are short are like frightened birds, panicking, and they are all wondering whether to make a margin call to resist to the end, or buy long to close their positions.

Wednesday was undoubtedly the darkest day for short sellers, as soon as the market opened, Fisker's brokerage swept the gold exchange with an indomitable domineering attitude, eating all the gold sold in countless amounts, and the arrogant Fisker actually appeared on the trading floor in person, advocating his 'gold group' and openly declaring that the president, his wife and senior White House dignitaries were involved, and issued a black warning to all short sale traders - the liquidation day of short selling is coming!

No one questioned Fiske's claim that the president and his wife, as well as senior White House officials and dignitaries, were involved in gold speculation, and that since the end of the Civil War, it has long been known that the United States has colluded with power and money, and that corruption has been rampant, and that the money for the construction of railroads has been divided among the contracted companies and officials of various poles, and that the budget of the government building has exceeded 40 times and has become a ruined building.

Forty chairs, three tables, $170,000, and a summer watch worth $7,500 are all familiar to the public, and Fisk's claim that the president, his wife, and senior White House dignitaries are involved in gold speculation is not questioned, but taken for granted. Fisk's money is not blowing in the wind, and there is no support from high-ranking officials and dignitaries behind him, how dare he be so crazy?

Fisker's madness made the whole Wall Street boil, the long sellers were ecstatic, the short buyers were mourning, and the price of gold quickly climbed, from 137.75 to 141.5, which is a price that makes all short sellers desperate.

The rapidly rising gold price, so high that it is suffocatingly high, has made the entire Wall Street crazy, which is tantamount to picking up money! No, it should be said that it is more appropriate to grab money! Countless people poured all their power into the gold trading hall with the highest leverage multiple, and at this moment, the gold trading hall was a road to heaven in the eyes of everyone.

On this day, the New York Gold Exchange recorded its highest trading volume ever, reaching a whopping $280 million. On this day, the eyes of the entire Wall Street converged on the gold trading floor.

On this day, Feng Zhigao threw out 10 million US dollars of gold in a matter of gains and losses, and he had to throw away all the gold in his hand in three days, leaving him only one day tomorrow, and he knew very well that the price of gold would continue to rise tomorrow.

On Thursday, the New York Gold Exchange on William Street was packed with revelers before it opened, and everyone was spurred by the crazy gold price to lose their minds and chant in unison, "Gold!" Gold! ”

Less than an hour after the opening of the market, the price of gold rose from $141.5 to $143, and the entire trading floor fell into a frenzy, watching the pointer on the gold price indicator continue to rise, the buyers shouted excitedly, and the last trace of luck of the short sellers was also crushed, and they scrambled to buy long and close the position.

When the price of gold was as high as one hundred and forty-five US dollars, Feng Zhigao began to throw out all the gold in his hand unhurriedly, and he deliberately rushed to the gold trading hall to feel the crazy atmosphere in the hall.

Shanghai, Zhennan Wangfu, Changle Book House.

Hu Guangyong walked into the room quickly with a telegram in his hand, and said with a relaxed face: "After throwing it all, not a single ounce is left, and it is estimated that the profits of the two waves are about eight million US dollars......." Speaking of this, he said with some regret: "If you take off one more day, the profit will definitely exceed 10 million." ”

Yi Zhifen glanced at him and said, "This mentality is not the mentality of the banker, and the banker will never pursue the highest point." ”

"The teachings of the great treasurer have always been remembered by his subordinates." Hu Guangyong said tentatively: "Every day the federal government will intervene? ”

"They're all dazed." Yi Zhishu said slowly: "How can the federal government let them have a monopoly on gold? This is not pork, not grain, not cotton, gold is the world's legal tender, even if Grant is involved in speculation, he does not dare to be so blatant. ”

After pondering, Hu Guangyong said: "The rise in the price of gold and the depreciation of green banknotes are indeed of certain benefits to the export trade of the United States....... It is also conducive to stimulating the economy of the United States. ”

"There are certain benefits, but they must be controlled within a certain range, otherwise it will be a disaster." Yi Zhixin said unhurriedly: "Let's wait and see." ”

Hu Guangyong smiled: "We can only watch the excitement now." ”

Wall Street, New York.

On Friday, early in the morning, many anxious speculators gathered outside the gate of the New York Gold Exchange on William Street, eagerly discussing how much gold would rise today, whether it would break through 150 US dollars, as for the intervention from the White House, no one discussed it, the gold market was crazy to this point, there was no movement, and everyone firmly believed that the president, his wife, and high-ranking officials and dignitaries in the White House were involved in this gold speculation.

As the minutes and seconds passed, a dense crowd gathered outside the gate of the exchange, and as yesterday, when the opening time was approaching, a fanatical, crazy cry sounded outside the gate again, "Gold! Gold! ”

At ten o'clock, after the opening, the gold trading floor once again staged a crazy scene, the price of gold all the way up, just half an hour, the price of gold quickly stood at a high of one hundred and fifty dollars, gold like a clock indicating the gold price of the hand at every moment, nervously fluttering up and down, trying to keep up with the changes in the price of gold, and in other cities of the gold price indicator hands are overwhelmed at this moment - out of order! This was due to the fact that the telegraph operators were so busy sending market news that the wires were overloaded and melted or burned.

Looking at the high price of up to one hundred and fifteen US dollars, Feng Zhigao, who came to see the excitement, felt a bitterness in his heart, expecting that it would be even crazier today, but he didn't expect it to be crazy to this point, if it wasn't for the order that all the gold in his hand must be thrown away within three days, he would definitely not be so anxious.

He could never have imagined that at this moment, Gould, the mastermind of this gold speculation, was ordering his brokerage to sell the gold in his hands, and he was also shrewd enough to smell danger.

The whole trading floor has fallen into extreme madness, because the price of gold is still rising, one hundred and fifty-one, one hundred and fifty-two, one hundred and fifty-three, at this moment, the entire Wall Street is in a state of suspension, and the financial activities of the entire Wall Street are only gold trading! Almost all the funds in the stock market and banks poured into the gold trading market.

At half past eleven, the price of gold stood at one hundred and fifty-eight dollars.

At 11:40, the price of gold broke through the $160 mark.

Feng Zhigao looked at the gold price indicator in front of him dumbfounded, and felt a faint pain in his heart, one hundred and sixty dollars! Millions of profits just slipped through his fingers!

At 11:45, the price of gold rose again to $162.

Looking at the pointer of the gold price indicator, Feng Zhigao decisively turned around and squeezed out, he was worried that he would stay here any longer, he couldn't stand this stimulation, and the gold price rose by more than ten dollars in less than two hours, it was crazy, crazy to the point that he couldn't bear it!

In a frenzied and crazy hoarse shout, Feng Zhigao squeezed to the gate with difficulty, and at the moment when he stepped out of the door of the trading hall, the trading hall filled with all kinds of shouts suddenly quieted down, this strange change made him a little dazed for a moment, what is the situation? The people around him all looked incredulous, and he quickly turned around.

The gold price indicator is pointing exactly at $140.

How is it possible, is it that the pointer of the indicator is out of order? This thought was just a flash, and Feng Zhigao immediately reacted, the price of gold fell!

It's not that the gold indicator is out of order, the price of gold has really fallen! In just a few minutes, the price of gold quickly fell from $140 to $135, which far outpaced the increase!

Soon, news spread, and the White House, which had been silent, suddenly sent a telegram to the New York Treasury Department, announcing the sale of reserve gold to balance the gold price!

Feng Zhigao didn't know how to describe his mood at this moment, only by personally experiencing this morning's crazy scene, only by witnessing the transformation from madness to destruction, only a few seconds, at most a few minutes, could he truly appreciate how wise the decision to be content as the treasurer of Yuanqi was!

The whole of Wall Street fell silent, and after a big carnival, all was left with a mess!

Shanghai, Zhennan Wangfu, Changle Book House.

"The price of gold fell, from a high of $162 to $135 in a matter of minutes." Hu Guangyong looked at Yi Zhizhi with bright eyes, and although he forcibly suppressed it, his tone was still excited, "Because of the fear that chaos will get out of control, the exchange was forced to announce a temporary closure. ”

Yi Zhishu nodded, and said in a flat tone: "The gold speculation that broke out in New York has a great inspiration for us, and we must conduct a profound analysis and summary. Speaking of this, he glanced at the other party and said, "What lessons does Xue Yan think we should learn?" ”

Is this an assessment? Hu Guangyong pondered for a while before he said: "The gold speculation in New York illustrates three problems, one is the defect of the system, gold and green banknotes circulate at the same time, and the free convertibility is the fundamental reason for this gold speculation, and the second is the high leverage system, without such an amazing high leverage system, the scale will not be so large, and finally the corruption problem ........" ”

Yi Zhishu nodded and said: "The high-leverage system has its advantages, but it is a double-edged sword, in order for the Bund to become a world-class capital market, it is necessary to introduce a high-leverage system, but the leverage ratio must be strictly controlled." ”

Hu Guangyong nodded, and when he saw that the other party was silent, he couldn't help but ask: "Did the big treasurer have long expected that the White House would intervene in the gold market today?" ”

Yi Zhixiang smiled and said, "I'm not so powerful, I just follow a principle of not being greedy. ”

Just not greedy? Hu Guangyong obviously didn't believe it, after all, this time was too accurate! happened to be pinched the day before the crash, saying that it was a coincidence, someone had to believe it, right? However, the other party obviously didn't want to say it, and he didn't dare to break the casserole and ask to the end.