Chapter 248

It takes about six hours from Silicon Valley to Niu, which is equivalent to crossing the continent from the west coast to the east coast.

That night, Xiaoshan and Enron were as sweet as a rippling river. It was late at night when the waves were calm.

"Husband, the day after tomorrow is the day you said the Gulf War broke out." snuggled up to Xiaoshan safely.

"Well, that's why I'm here."

Xiao Shan immediately felt speechless and quickly added, "I'm mainly here to accompany you."

Enron couldn't help smiling, smiling like a flower and said, "you don't have to coax me like lying to Li Yinxin."

"Er." Xiao Shan sighed and explained Li Yinxin's story honestly.

"Well, as long as you are happy, no matter what you do, I will support you." Enron's eyes are still intoxicated, even better than before, but a little more sad:

"I think it's good. It's easier to keep fresh when I meet occasionally than when I face it every day. Moreover, one day, I'm going to be old, the back of my hand is raised and winding hills, and you're still young, handsome and even more manly."

Xiao Shan felt distressed immediately. He held his favorite woman tightly and comforted softly:

"Wife, you are getting younger and younger. I didn't lie to you at all. Your ring has been regressing and will soon be the same as me."

Enron smiled more and more. She also felt that ever since he became younger and younger with Xiaoshan, she even doubted whether she was a fox and reincarnate the essence of Xiaoshan.

"Husband, I've increased all the funds other than stocks today. Do you think it's possible that the giants of Damascus lobbied the top management to give up the war and suppress oil in order to eat us?" Enron asked with some worry.

She's worried that it's not redundant. You know, it's not spot trading, it's futures!

You only need to pay 7% margin to buy and sell, which is equivalent to amplifying the risk more than ten times!

Take the principal of $9 billion and do hundreds of billions of dollars!

Therefore, as long as the price drops by $1.54, she will burst her position. Even if she fills the stock funds into the oil margin, she can't support the decline of $2!

By that time, $9 billion will be gone!

Commodity futures have always been a place where big fish eat small fish, and hunting is the norm.

However, the expectation of the war makes the predators dare not short easily. The background of this fund makes those predators suspect that there is good cooperation from Huaxia Zhengfu. Therefore, it seems unreasonable that Enron has not been eaten by the predators. In fact, it is very normal.

More importantly, everyone knows that Xiaoshan is in control of the fund company and Xiaoshan is doing more oil!

Xiao Shan never missed it. He always pointed in the right direction!

This shock is very powerful.

Any financial giant who wants to eat Xiaoshan must think twice.

Xiaoshan's popularity among the American people, as long as you say you are bullish on oil and call on the people to buy, it is estimated that half of the people can come in and do more.

Of course, Xiaoshan really did this, which is also illegal.

Therefore, for predators, unless there is high-level cooperation, give up the war and change the expectations of all institutions, they will be short in this position and don't think about it.

But will giving up the war happen?

Xiaoshan calmly patted Enron's shoulder and said with a smile:

"No. our profit is nothing compared with the national interest."

"What are the national interests?" Enron asked with burning eyes.

"Cuban Babylon settled oil in Euro, which touched the hegemony of the US dollar. To maintain this position, we must fight." Xiao Shan's understatement directly exposed the essence of the war.

Enron was suddenly transparent and had a hundred times confidence!

She firmly believes that no financial institution can successfully lobby at this time.

"Where is the high point of this wave of market?" Enron finally asked the question that had hovered in her mind for a long time.

After all, her position is too heavy. She would never dare to do so without the support of Xiaoshan's prediction.

It's not like futures trading. It's pure gambling. For any other financial institution, no one dares to make such a desperate gamble.

"What's the price now?" Xiaoshan asked casually.

Enron was speechless: "you haven't seen it these days? Are you too relieved? It's $22 now! I hold five million hands!"

22 dollars is the price of a barrel, oil futures trading is on hand, and one hand is a thousand barrels.

According to the regulations of the exchange, 7% of the margin, that is, US $1540.

And $22 is only the price of the main contract, and the price of the forward contract may be different.

If the main contract now is the may contract, the contract difference of $3 in September is normal, which represents investors' price expectations at different times.

Enron's positions are exactly forward contracts, because she is not from a petrochemical company. She doesn't really want to buy oil, but only for speculation.

If you buy a recent contract, the exchange may ask you to add margin at any time. The closer you are to the delivery, the higher the margin. You must pay 100% when the contract expires.

Therefore, oil speculators buy forward contracts. They are highly leveraged and make quick profits. Of course, they burst their positions quickly.

Enron has 5 million positions, close to $9 billion.

Xiao Shan said with a smile, "in early June, it can rise to thirty-three dollars."

"Thirty three dollars?" Enron took a breath of air-conditioning and saw Venus.

If it is in the stock market, the rise of $11 is less than 50%, but this is futures. 7% margin trading is equal to the position building cost of 1.54 yuan. How much do you earn by rising $11?

Net income seven times, 63 billion dollars!

It's only three months.

No wonder Enron was shocked. In such a short time, it could rise to $33?

"Won't it rise again in the second half of this year?" Enron finally recovered his reason.

Xiaoshan showed his appreciation: "yes, it was a shock in the second half of the year."

"Unfortunately, the funds in the stock account have not been transferred." Enron regretted.

"Chang'an automobile is about to be promoted. It's not right to sell it now. In addition, there is a loss in foreign exchange exchange exchange. Therefore, tomorrow I will directly transfer 100 million US dollars from the offshore company's account to you for operation. You don't have to manage the stock account," Xiao Shan said.

This is the advantage of offshore companies. There is no need for any reason for public-private transfer, because you don't need to pay tax if you don't operate in Xiangjiang, so no one will check your finance.

Whether Li Jianxi transferred US $100 million to the offshore company or the offshore company transferred US $100 million to Enron, it is the same.

As long as there is no problem with accounting.

March 20th.

The Gulf War officially broke out, and Babylon, one of the four ancient civilizations, will be wantonly devastated by the most modern weapons.

Oil really did not have a short chance. As soon as it opened, it directly put on $23!

Subsequently, the trading volume increased sharply.

Short sellers are not fools. They are giants of oil producing countries. They are short for hedging. In other words, to sell oil.

It doesn't matter if it goes up. Oil is mined every day. It will be sold at a high price next month.

But if it falls, isn't it a missed opportunity to sell?

You know, this $23 is an absolute high price!

In 1970, the price of oil was only $1.8/barrel!

In 74 (the first oil crisis), the oil price exceeded US $10 for the first time;

In 79 (the second oil crisis), the oil price exceeded US $20 for the first time;

In 80 years, the oil price exceeded US $30 for the first time;

At the beginning of the year, the highest oil price reached US $39;

However, the oil price then fell wave by wave, falling to $10 in 1986;

In 1990, oil prices soared instantaneously, breaking through $40 for the first time, but soon fell below $20;

Then, until the beginning of 1999, the oil price did not exceed $20!

Even in early 1999, the international crude oil price once fell to $10.

So in terms of oil companies, the current price of $23 is definitely high.

For oil companies, hedging is necessary, so they sell short one after another to lock in the rising profits of this yuan of oil.

As a result, bullish financial institutions are determined to be long, oil companies are determined to sell short, and the transaction is magnified sharply.

In the end, oil prices have been strong all the way and will never look back.

At the end of the day, the price was $23.6.

Up $1.60.

The fund company made a profit of $9 billion that day.

The $100 million in Enron's account became $200 million.

It's faster than robbing money.

Xiaoshan is so determined that he is dizzy and satisfied.

This is what I thought in my dream in my previous life. I actually did it in this life.

Enron was even more elated, and now he was completely out of danger.

If that financial tycoon dares to short at this time, his head will be squeezed by the door.

The oil wells in Babylon, Cuba, may be destroyed in the war at any time!

For five consecutive trading days, with the evolution of the war, the oil price hit a new high every trading day, directly exceeding $26!

The profit of the fund account has exceeded $20 billion!

Jiang Liangqing and Song Xi, who have been watching, admire each other. Xiao Shan and Enron dare to bet such a huge bet.

The most terrible thing is that they bet too accurately!

But at this time, Enron suddenly felt wrong: "husband, you said you could get $33 in early June?"

"That's right," Xiao Shan said with a smile.

"Now it's 26 yuan. It's only a few days? There's still a sharp drop in the rest of the time?" Enron asked warily.

Xiao Shan smiled: "you're right. A sharp rise will inevitably lead to a sharp fall. So we can't wait until 33 to sell, it will be beaten back to its original shape, and all the profits now will come to naught."

Enron was shocked. She found herself on a wrong road, relying entirely on Xiao Shan's prediction to operate, and put her judgment in the second place.

If she operates independently, she will start to reduce her position now.

But Xiaoshan predicted that she would wait until 33 to close her position.

This is not what a qualified trader should do.

"Let's start closing our positions now?" Enron said.

Xiao Shan shook his head: "close the position tomorrow."

Enron feels a little risky. This rising speed may lead to short selling by hedge funds and big speculators at any time.

Xiaoshan gently warned, "the oil well hasn't exploded yet."

"Ah." Enron suddenly understood Xiao Shan's meaning. At the same time, he was shocked that the energy of financial giants was too great to manipulate the war.

Although they have 10 billion dollars of capital, they are by no means the manipulator of crude oil prices!

Those who profit more than them are the real predators hidden in the dark.

It's too dangerous to be watched by such predators.