Chapter 835: Let's have a fight

"Everyone take a look, this is the data we collected on the trading of high-grade copper and aluminum futures on the New York futures exchange last week.'

'In just one week, the total number of positions rose by 73.7%! And the number of short positions rose by 37.2%!'

When Song Yang said these figures, the faces of those present all changed, because they understood the meaning behind the numbers.

What is the total number of positions?

It is the total number of long and short positions.

In the futures market, as long as there is sufficient margin, positions can be opened indefinitely, and positions can be adjusted at any time. Whether or not you want to close a position is up to you.

Last week, the total number of positions rose by 73.7%, but the total number of short positions rose by 37.2%. Assuming that the short and long positions were the same at the beginning, this means that the total number of long positions rose by 36.5% last week, which is 0.7% less than the short positions!

The balance has already begun to tilt!

The ceiling for the rise in advanced copper and aluminium futures seems to be within reach!

If the bulls are not as strong as the bears, then if external factors affect the market, it is easy to cause the futures price to collapse. Galaxy Fund has built up a high position, so the greater the futures price falls, the more it will lose!

But it is too late for Galaxy Fund to withdraw now. As one of the major bulls in the advanced copper futures and aluminium futures markets, as long as Galaxy Fund withdraws itself, and in the absence of other capital to take its place, then the market will easily become unbalanced. Galaxy Fund's capital will not be able to escape at all, and it will definitely become a bad teammate for the bulls, harming both itself and others.

One oversight and it has put Galaxy Fund in a dilemma!

Futures contracts worth a total of more than 600 million US dollars cannot be unwound simply by wishing it!

"Do you know who the main short sellers are? Are there any giants like Goldman Sachs, Morgan Stanley, or Merrill Lynch?'

Xue He asked with a grave face.

'We have found some, but it can also be said that we haven't. These are all new accounts, and we have no idea which company is behind them! There are no accounts of these giants on the surface!'

'I suspect we've fallen into a trap!'

Song Yang shook his head and sighed.

Xue He, Tang Yong and the others suddenly fell silent, frowning as they pondered.

The prices of high-grade copper futures and aluminium futures had indeed become active in the past fortnight, and there was a suspicion of a hidden hand manipulating the market.

However, Xue He had some doubts about Song Yang's analysis. He said out loud, 'There may be a trap, but whether it is a trap aimed at us is still undetermined. After all, we only decided to increase our investment last Monday. How could the person sitting in the market be sure that we would increase our investment?'

Upon hearing this, the meeting room fell silent once again, and Song Yang frowned in deep thought.

After a long time, Song Yang said with a smile, 'There is not enough information, and we can't be sure. At present, there seem to be three possibilities. First, the enemy knows that we are investing in advanced copper futures and aluminium futures, so they are trying to trap us. Second, the trap is not set for us, but we have happened to fall into it. Third, our investment has stimulated the market, causing other capital to enter and start setting up the trap.'

At that moment, Ma Kai, who had been silent, said softly, 'I think we're getting into a blind alley. There's not enough information right now. Instead of wasting time guessing, we might as well discuss what to do.'

'Deciding what to do next is the real thing. We can investigate after the meeting.'

The others suddenly woke up and began to discuss countermeasures.

'At present, the advanced copper futures and aluminium futures contracts we hold are already worth more than 600 million US dollars. It can be said that we are in a dilemma. If we can withdraw smoothly at this time, we can make at least 30 million US dollars. But according to the current situation, it goes without saying that it will be difficult to withdraw smoothly.'

'Even if we do our best, the best-case scenario is that we can ensure a full withdrawal, but we can forget about the previous floating profits.'

'On the contrary, if we continue to raise the stakes, we will reap huge rewards if we win, but if we lose, the losses will be even more severe than they are now!'

'A few months ago, we witnessed the Hunt family's complete defeat in silver futures, losing more than ten billion US dollars. In the end, the US government stepped in and gave the Hunt brothers a billion-dollar loan to prevent them from going bankrupt.'

'Although you don't have to go as far as silver futures with high-grade copper futures and aluminium futures, the market for the two combined is much larger than silver futures!'

'At present, the clouds of gold futures and silver futures have not dispersed, and capital is afraid to get involved easily. If there are further drastic fluctuations in advanced copper futures and aluminium futures, it will definitely attract a large number of idle funds that were originally standing still to enter the market, and the risk is too great!'

Song Yang's series of words made everyone look grave.

As Song Yang said, they had all witnessed the scene of the silver futures plummeting, fortunately they had not participated in it.

But just because they didn't participate, it doesn't mean they didn't understand it. In fact, they understood it very thoroughly, and everyone was very clear about it.

The boss Xia Yu ordered them to speculate in oil futures, and they themselves were still a bit confused. They only knew how to execute orders, and in fact did not understand the US futures market.

However, in order to better complete the boss's task, and the subsequent delivery of oil futures, they all tried to understand the US futures market, and the recent major case was none other than the silver futures manipulation case.

Therefore, the silver futures manipulation case has become an important reference for everyone to understand the US futures market.

'We have limited information, and we are not sure if this incident will involve other things and affect the boss, so I suggest reporting it to the boss!'

'That's right, the Hunter brothers have been sued by the US Commodity Futures Trading Commission, which has proposed a fine of more than 3 million US dollars and a lifetime ban on trading. If we act recklessly, it will be a problem if it affects the boss.'

'Seconded, let's report to the boss! Let the boss decide!'

...

Everyone spoke up, and finally decided unanimously to leave this seemingly out-of-control trouble they had caused to the boss Xia Yu.

That afternoon, Xia Yu arrived at the New York branch of Galaxy Fund.

Song Yang and the others were waiting for Xia Yu in the lobby. When they saw Xia Yu's figure, Song Yang and the others looked ashamed.

'Boss, I'm sorry, I'm going to trouble you...'

Song Yang was embarrassed and had just said part of it when Xia Yu interrupted with a wave of his hand: 'No need to say any more. The capital market is full of twists and turns, and there are too many hunters. No one can predict the market trend. Let me find out more about the situation first!'

Hearing Xia Yu say this, Song Yang and the others let out a sigh of relief, and then perked up and led Xia Yu upstairs.

An hour later, in the president's office.

Xia Yu sat at the head of the table, with two piles of information on the desk, while Song Yang and the others each found a seat and sat down, not daring to say a word, staring at Xia Yu.

After a long time, Xia Yu closed the information with a faint smile on his lips, his expression inexplicable, and his gaze swept over the faces of the group, smiling faintly and saying

'I understand the situation. Someone is in control, limited by information, the enemy is unknown, and it is not yet certain whether the target is us or all the bulls.'

'You haven't discovered it too late. If I were in charge, I wouldn't let you find out so quickly!'

'Since the enemy wants to fight with us, then come on. Retreating is not my style. In this world, the one with the biggest fist is the boss. It's time to fight and show off our prowess, so that no one dares to jump out and show off their existence!'

'I will be at the company for a while, so you go ahead and fight them!'

With a huge amount of capital in his hands, Xia Yu was so confident.

Not to mention that last month, the sixth European Cup was held in Italy. Xia Yu, with the mentality that it would be a shame to waste this opportunity, was able to reap a profit of 1.7 billion US dollars, which replenished some of the large-scale consumption of the working capital pool during this period of time.

At this time, even if the opponent is the Morgan consortium, Xia Yu is confident enough to fight a short-term financial war.

Not to mention that the battlefield is only limited to the high-grade copper futures and aluminum futures markets.

Since they dare to scheme against him, they must be prepared to be eaten back!

Xia Yu's domineering words invigorated Song Yang and the others, who were equally confident.

With their god-like boss personally leading the way, they would definitely be able to achieve a resounding victory, just as they had in the past!