Metropolis: I Can Inherit Wealth

Chapter 42 : Gold closes, rapid retreat

On August 29, 2018, there was only one day left before the start of Yanjing University. It was because of Lin Feng’s status as the top student in the college entrance examination, that military training was specifically exempted.

Otherwise, he should be sent for military training in July.

At this moment, Lin Feng has returned to the Jinling Jiankang Garden villa area.

The relevant affairs of the Longteng Group are on the right track. Whether it is Nirvana X or the Tenglong Intelligent System, they are all preparing in an orderly manner. It does not make much sense for him to continue to stay in the deep city.

……..

At 4 o’clock in the morning, Villa No. 2 in Kangyuan was half built.

Lin Feng, accompanied by Mo Xinya, opened the door and walked straight in.

“Boss early!”

The four groups of financial officers who were busy turned their heads and greeted him with a smile.

“morning!”

Looking at the financial staff with dark circles in front of him, Lin Feng quickly responded, and his heart was filled with a lot of moving. These people must have not rested well in the past ten days.

“Get ready to open! It’s time to close the position.”

Lin Feng said calmly.

Mo Xinya on the side looked at her watch subconsciously. It was 4:10 in the morning at Yanjing time, 20 minutes before the official opening of the futures market.

Although the international gold trading market is continuously traded for 24 hours, because each region has a time difference, traders enter the market at different times.

According to Asia, Europe, America’s entry time is divided into Asian disk, European disk and America disk.

Now, Fengteng Investment Office is in the Asian market, which opens at 5 o’clock in the morning.

Compared with the European and America disks, this time is precisely the loneliest time, and it is also the most flat time of the day for gold.

Therefore, Lin Feng chose to close the position at this time.

As soon as the voice fell, the faces of all four financial personnel present changed drastically.

What? Close the position!

Hearing this news in their ears is like a bolt from the blue.

Now gold is still rising. If they close their positions at this time, it means that their returns will drop a lot. How can these people want to watch the money slip away.

“Boss, shall we…”

The group leader Ma Zheng seemed to want to fight for it.

But Lin Feng interrupted him, looked around, and sternly shouted: “There is an old saying in China’s history that there is an old saying in the history of China that there is not enough human heart to swallow an elephant. You should understand!”

“Yes!”

Hearing that, Ma Zheng and the others had a stunned expression. Although they were still a little bit sad, everyone turned on the computer step by step.

Pop!

After a fierce operation, the last transaction price of yesterday appeared on the screen.

$2220/oz

This number is undoubtedly exciting for everyone, even Lin Feng’s eyes can’t help but burst out a bright light, and the market is better than he calculated.

Fengteng Investment has a total investment of 10 billion yuan, with a leverage of 50 times and entering the market from the price of 1620.

Up to now, the gold in his hands has risen by more than 500 US dollars per ounce on average.

“Should I close my position immediately!”

Suddenly, Lin Feng became a little entangled. In his calculations, the gold market reached a maximum of US$2,300 per ounce, so he rushed to close his hands.

But now because of the entry of Fengteng Investment, many funds have been attracted to enter the market, and the price of gold has reached the price of 2220 earlier than expected.

In other words, the situation has changed in some way.

“2300 US dollars, will it be the final price!”

“The Quantum Gene is almost gone now. If the oil market calms down, then the final price is likely to be…”

All sorts of data tumbling constantly appeared in his mind. Lin Feng was calculating oil while wondering whether gold could continue.

“No, if the Quantum Fund closes, gold will fluctuate more intensely than before because of too much money entering the market. In other words, the big rebound will come earlier.”

After ten minutes, he finally made a clear calculation, and a few drops of cold sweat couldn’t help but burst out on his face.

“Boss, the market is open!”

At this moment, Mo Xinya’s voice reached Lin Feng’s ears, and Lin Feng immediately said loudly: “Quickly, close the position!”

“Yes!”

Ma Zheng and others quickly listed all the gold transaction orders with lightning speed.

At this time, gold is still growing slowly, from 2220 to 2220, 581 US dollars per ounce.

There are still many retail investors who continue to buy gold.

This is a wave of latecomers. They did not catch up with the low start, but they saw a surge in the gold market.

However, Lin Feng still did not stop the sale transaction, just staring at the big screen stubbornly.

All the financial staff in Villa No. 2 couldn’t help but feel that Lin Feng is extraordinary.

In this upward trend, he was the only one who resolutely closed out the position regardless of his interests.

It takes so much psychological self-control to stop!

In the entire market, it is estimated that only Fengteng Investment is selling gold on a large scale, because everyone believes that international gold will continue to rise.