章節 838: Chapter 838: Smoke bomb coming
One force breaks all laws!
No matter what tricks you play and what means you use, I will break them with my abundant financial resources!
"Boss, the shorts are making their move, but there are just a lot of empty orders, but they are very scattered. It seems that other hot money has entered the market!'
Inside the Galaxy Fund's operations room, after collecting the reports from each team, Song Yang immediately reported to Xia Yu.
The tactics of the Philip Brothers company have already taken effect!
But Xia Yu's heart was calm, and he gave orders with a stern face.
'Don't panic, 0.2 cents, increase positions by 2,000 lots each! Set the pace!'
The traders were silent at first, building positions in perfect unison, and would not report that they had finished executing the order until they had completed building the positions.
'0.15 cents, 1,000 lots of advanced copper futures!'
'0.2 cents, 1,000 lots of aluminium futures!'
...
Although the futures price fluctuated violently at first as a result of the chaotic influx of short orders, Xia Yu placed orders at the right time again and again, breaking the momentum of the shorts and placing large orders to push up the price when the shorts were weak.
In this way, the control of the rhythm gradually shifted to the hands of the Milky Way Fund.
With the rhythm in hand, it was a breeze to fight the battle with the wind at one's back.
As a result, the pressure on the traders of the Milky Way Fund decreased sharply, and the faces of Song Yang and other executives also became relaxed. They looked at Xia Yu with admiration in their eyes.
The boss is worthy of the name, like a wise and valiant commander, simply arranging the troops and setting up the formation, he created momentum and seized the initiative.
Galaxy Fund set the pace, and the pressure on all the bulls also decreased sharply. Many institutions reacted by realising that they had a powerful boss on their side. Upon enquiry, they discovered that it was actually the account of Galaxy Fund, which came as a huge surprise to many institutions, and their confidence began to rise.
It was clear that this newly emerged Galaxy Fund was not only financially strong, but also had a fighting force that should not be underestimated!
The bulls felt better, but the shorts were having a hard time.
The pressure on the short side fell mostly on the Philip Brothers.
Fortunately, Albert Raffaele and the others were veterans of the battlefield. Although they had been temporarily disrupted, they were also doing their best to regain the initiative and try to regain their advantage.
The Milky Way Foundation relied on large orders to attack the long side, and they could do the same!
One morning, the trading volume of high-grade copper futures and aluminium futures soared, ten times higher than yesterday's!
Hundreds and thousands of short and long orders were placed from time to time, causing the prices of the two futures to jump up and down. Each jump represented a fluctuation of millions or even tens of millions of dollars, which made the onlookers gasp in awe.
Battles of this scale are rare and definitely not to be missed!
By the morning break, the prices of NYSE advanced copper futures and aluminum futures had stopped at 0.6045 US dollars/pound and 1.2480 US dollars/pound respectively.
Overall, the bulls were in the ascendant.
But Xia Yu did not let his guard down. He knew that it was only the beginning.
The negative tactics of Phillip Brothers were taking effect. The lunch break would give many institutions time to calm down, and Phillip Brothers would also recover.
When the afternoon session starts, the battle will definitely be fierce.
At noon, no one from Galaxy Fund went home. Xia Yu ordered a deluxe set meal and delivered it to the company. Everyone hastily finished their lunch and gathered in the meeting room to make the latest battle plan.
In the Galaxy Fund meeting room, Xia Yu was seated at the head of the table, his gaze sweeping over everyone's faces as he nodded in satisfaction.
It was clear that everyone was full of energy and high spirits, and this was a very good state to be in.
'Everyone is in good shape!'
'Thank you all for your hard work this morning, but the battle has only just begun. There is still more fighting to come. I hope everyone can maintain this state of mind and that after victory, there will be big bonuses for everyone!'
As soon as Xia Yu finished speaking, the atmosphere in the meeting room suddenly became lively.
'Thank you, boss!'
'We will definitely not let you down!'
'...'
Xia Yu smiled as he looked at his subordinates, who were all clamoring, until half a minute later, when their voices gradually died down, Xia Yu raised his hand to indicate that everyone should quiet down.
In just a second, the meeting room immediately fell silent, and everyone looked at Xia Yu with burning eyes.
Xia Yu then slowly said, 'Now, let's report the latest situation.'
'Song Yang!'
After Xia Yu called out the name, Song Yang immediately stood up, picked up the data that had been compiled by each team, and read it aloud: 'As of the morning break, we held a total of 69,400 lots of advanced copper futures, with a current value of 1.049 billion US dollars.'
'In one morning, we added 11,400 lots of advanced copper futures, investing 172 million US dollars.'
'We hold 47,800 aluminium futures contracts, currently worth 1.488 billion US dollars, an increase of 8,800 contracts from the morning opening, with a capital investment of 274 million US dollars!'
As these figures were read out, a smile appeared on the faces of everyone present.
More than 400 million US dollars had been invested in just one morning, and not many companies on Wall Street could do that!
Philip Brothers was still a long way from being able to compete with them!
'You have heard the figures. They may seem large, but don't let your guard down. For now, we are the mainstay of the bulls. This is the United States, and after all, Phillip Brothers has been here for 60 or 70 years, with many hidden resources. If I predict correctly, they will be deployed in the next few days, and there will be many unexpected situations. You must be on your guard.'
Xia Yu's expression was calm as he calmly concluded.
'Yes!'
The originally happy crowd was suddenly filled with a sense of foreboding, and they all put away their smiles and readjusted their mentality.
'Next, I will assign tasks...'
...
Time flew and it was afternoon.
In the anticipation of everyone, the New York Mercantile Exchange opened for trading again.
As soon as the market opened, it did not disappoint the onlookers. A total of 5,000 lots of long orders for high-grade copper futures and 3,000 lots of long orders for aluminium futures were sold, causing the prices of the two futures to jump by more than 0.03 US dollars per pound.
But the price jump was only momentary, and the price immediately fell again, because a large number of short orders were also thrown out, interrupting the upward trend in prices.
The fierce battle began again, with longs and shorts flooding the market.
That is, the futures market generally uses high leverage, and it is basically more than ten times leverage, otherwise it would be difficult for the various financial institutions to compete with each other in such a fierce manner.
At the end of the day, the outcome was still undecided, but the impact had already spread.
That night, the financial news on the three major television networks ABC, NBC, and CBS and other major broadcasters and media outlets all focused on the battle for senior copper futures and aluminium futures on the New York Mercantile Exchange.
After dinner, Xia Yuben was at home, leisurely drinking tea and relaxing on the deer-skin sofa, watching TV.
But a news report on ABC financial news that followed made Xia Yu's eyes narrow.
'This afternoon, Southern Copper Corporation released its second quarter financial report. In the second quarter, it produced 94,751 tons of copper, 17,562 tons of zinc and 1.42 million ounces of silver. Of these, copper production increased by 7.85% year-on-year, zinc production increased by 5.47% year-on-year, and silver production increased by 3.14% year-on-year. Southern Copper Corporation plans to adjust its production capacity, with an initial plan to produce 110,000 tons of copper, 20,000 tons of zinc and 1.5 million ounces of silver in the third quarter...'
Before the beautiful hostess finished reading the news, Xia Yu sneered, 'Haha, here comes the smoke bomb!'
'This is what a futures tycoon looks like, even Southern Copper Corporation is acting along!'
Southern Copper Corporation was incorporated in Delaware in 1952 and is now one of the mining giants in the United States and the second largest copper producer in the United States.
It doesn't announce its financial report in the morning, but instead changes its mind and usually announces its financial report in the evening. No one would believe that there is no trick!
Xia Yu thought that they were hoping to let the news ferment over the course of the night.
Presumably, many financial institutions on Wall Street will have their lights on tonight!
And tonight, major media companies will also be working overtime to revise their news.
Southern Copper's copper production has increased significantly, and its planned copper production for the third quarter is more than 16% higher than the second quarter. This will have a huge impact on the price of copper in the United States.
Of course, this impact seems to be negative at the moment.
As production increases, prices naturally decrease.
Next, Xia Yu continued to watch the news.
The Philipp Brothers' tactics did not end there. After Southern Copper, Xia Yu saw news about another mining company.
This company is Alcoa, which also saw a large increase in aluminum production, and plans to increase production by more than 10% next quarter.
Before the second news was over, the phone on Xia Yu's desk rang urgently. After Xia Yu answered, Song Yang's somewhat anxious voice came through the receiver.
'Okay, I'm watching the news. You can inform everyone else. We'll meet at the office at 7am tomorrow. Get a good night's rest...'
After hanging up, Xia Yu looked at the TV, smirked a few times, then picked up the remote control, turned it off, and threw it on the sofa.
It was getting late, and he needed to get some sleep.
If he didn't get some rest, how would he deal with the onslaught of short sellers tomorrow?
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