Rebirth Strongest Tycoon

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“Jacob, looking at the current situation, it is almost irreversible. Even if we do it ourselves, the funds needed are very large and cannot be raised in a short time. When we raise funds, the situation will be even worse.”

Evelyn Rohill sighed his head slightly.

The failure of threats to Sumitomo Trading Co. was counterproductive and angered them. Sumitomo Trading Co., Ltd. will have more abundant liquidity after capital contraction, and it will be more difficult to deal with.

Coupled with the fact that the Howard family blatantly joined the long selling camp, the strength of long and short positions in the United Kingdom LME copper futures and LME aluminum futures markets are quite different, and the short positions have lost momentum.

Just a Bright Fund has defeated the Bank of Bahrain steadily. Now with the addition of the Howard family and Sumitomo Corporation, which are also strong and tough with the Bank of Bahrain, the Bank of Bahrain has no chance of winning.

The only way to survive is for the short camp to immediately add 3 or 4 giants of the same strength, and have to prepare funds to gradually recover the disadvantage.

With the status of London international financial center, it is not difficult to find such giants, but how to get them off the market.

According to the current bad situation for the shorts, it will only rush in unless the Manager of a financial institution has a brain.

For the Rothschild Family, the situation at this time is out of control.

“By the way, Jacob, today Sidmund also tested me and asked if I would short sell LME copper futures and LME aluminum futures.”

Evelyn Roshere suddenly remembered what happened at G·S. Warburg Company in the morning, hesitated for a moment, and said to Jacob Roshere.

Jacob Rohill heard the meaning of his cousin’s words, frowned for a moment, shook his head and said, “Evelyn, it’s almost impossible. Sidmund will not take this risk. He is already old. Big, the Warburg family can’t bear too much setbacks and want them to enter the arena, unless we take the lead personally.”

My cousin is old friends with Sidmund Warburg, and he knows him better. Hearing what he said, Evelyn Lowhill knew there was no way.

Their Rothschild Family will never end short selling, so this road has been blocked.

Can you just watch the Bright Fund win?

“Okay, Evelyn, things have reached this point. We can only count on Philip Brother Company to play by ourselves. We have made some money anyway. Let’s keep an eye on the Bank of Bahrain. Now it is estimated that the Bank of Bahrain is not peaceful.”

When Jacob Rohill talked about the Bank of Bahrain, his eyes were subconsciously narrowed, and he secretly calculated.

Evelyn Rohill was taken aback, silently nodded.

This is the end of the matter, and we can only get as many benefits as possible.

As Jacob Lowhill said, after learning that the Howard family entered the market for long selling and Sumitomo Corporation expressed its optimism to the end, the management of Bahrain Bank panicked.

And the Lin Family clan can’t sit still completely.

Conference room, Bahrain Bank Headquarters, City of London.

The conference room door opened, and the executives of the Bank of Bahrain came in one after another. They only noticed the depressive atmosphere in the conference room, and saw that it was not President Peter Niels who was at the top, but Board-Chairman Barrett. In Bahrain, each heart shivered with cold, even the footsteps were subconsciously softened, and they walked to their respective positions in silence.

“Who else hasn’t arrived?”

Barrett Bahrain glanced around and found that there are still a few vacancies, so he looked towards Peter Niels sitting beside him and solemnly asked.

Although he is a Board-Chairman, his understanding of the company is not as good as the bank president he appointed.

Peter Niels had been counting people’s heads silently. He heard the Board-Chairman’s question and immediately replied: “Board-Chairman, the executive in London has arrived, and several executives have gone abroad on business.”

Barrett Bahrain nodded, said solemnly: “Then the meeting begins, you will host it!”

“Ok!”

Peter Niels complied, and then said: “Some executives may not know why they are meeting. Then I will briefly explain the basic situation to you.”

“At 1:14 in the afternoon, Sumitomo Corporation issued a research report again, claiming that the current prices of LME copper futures and LME aluminum futures are severely underestimated. Forecast Future will increase the demand for copper by 40% and the demand for aluminum by 30% in six months. 8% 1 .”

“Subsequently, Sumitomo Corporation opened a high position again…”

“At 1:40 in the afternoon, the LME copper futures and LME aluminum futures markets once again entered a long market. After inquiries, it is the Locke Fund controlled by the Howard family, and the strength of long selling is very strong, and the attitude is extremely resolute…”

As Peter Niels continued to talk about it, the executive faces who did not know the situation became serious, and the executives who knew the news subconsciously looked towards someone in a special position.

I saw the white middle-aged facial expression grave, his eyes were stunned and he didn’t know what he was thinking.

“This is the basic situation.”

“Next, I would like to ask Curtis Bard manager to talk about the current investment status of LME copper futures and LME aluminum futures.”

Speaking of this, Peter Niels looked at Curtis Bud calmly, and the others focused on him.

Curtis Bard is the senior manager of the metals trading department of the futures investment department of the Bank of Barings.

Curtis Bard woke up like a dream, took a deep breath, opened the detailed investment registration form prepared, and said with shame: “At present, we have invested 7 100000000 4000 9 million USD short selling in these two futures. Among them, 2 lots of LME copper futures were sold, valued at 11890 300000000 9000 USD, and the average selling price was 3,000,000 USD tons.

“LME aluminum futures sold 5280 lots, valued at 300000000 5000 6,000,000 USD, and the average selling price was 2697 USD tons.”

At this point, Curtis Budd paused for a long time.

Barrett Bahrain, who was sitting up there, looked at him cold and severe, said solemnly: “It’s a loss!”

Curtis Bard was shocked slightly and continued to read: “As of 2:15, the price of LME copper futures was 1368 USD tons, with a loss of 1300 USD.”

“The LME aluminum futures price was 2787 USD tons, with a loss of 1100 USD.”

“The total loss is 2500 550,000 USD.”

“This is all the situation, the report is complete.”

After speaking, Curtis Bud looked down at the table, as if there was something on the table that attracted him.

After hearing this number, there was some commotion in the venue. Many people looked at Curtis Bard and Barrit Barin, secretly trying to figure out the attitude of Board-Chairman.

Peter Niels looked at the Board-Chairman and found that his face was cold and he did not have the tendency to speak immediately. He looked at another person and said: “Manager George Monroe, the assessment given by your risk assessment department at the beginning The report shows that LME copper futures and LME aluminum futures are overvalued, and short selling risks are low. You have seen the real situation now. What do you want to say?”

The main responsibility of the risk assessment department is to conduct risk assessment of the large investment plans submitted by each department and give a professional assessment report, and then submit it to Peter Niles, who will decide whether to sign an agreement to invest.

The risk assessment department until now of the Bank of Barings is operating very well, with strict controls and rarely false assessments, so Peter Niels is very relieved.

When George Monroe submitted the evaluation report before, Peter Niels read it and directly signed and agreed to Curtis Bard’s investment plan.

As the President of the bank, Peter Niels is responsible for the affairs of the entire bank. He is busy and impossible. The main focus is on management and operation. Most of the time, the specific investment affairs are handled by the following departments.

Now that something goes wrong, he is of course also responsible, but mainly responsible for leadership, and the heaviest responsibility falls on Curtis Bard and George Monroe.

George Monroe stood up, bowed his head up with shame, and said reproachfully, “Board-Chairman, President, because our department has not strictly controlled the company and caused big trouble to the company. I’m really sorry. .”

After apologizing, he went on to explain: “At that time, when the risk assessment was conducted, the global market situation had been collected. At that time, Sumitomo Corporation and Locke Fund did not enter long selling. The United States futures market was short-positioned, and the output of copper and aluminum did indeed show up. Growth trend, so my department thinks it is profitable and made that low-risk evaluation report.”

“But looking back now, there is a fatal loophole in the evaluation report of our department, that is, we did not find out the true power of Bright Fund and United States Galaxy Asset. Even if Sumitomo Corporation and Locke Fund are excluded, in the futures market, after Galaxy Asset’s strength, we Has fallen into a disadvantage.”

“More importantly, the Phillips Brother Company has been under tremendous pressure in the United States, which has led to a decline in capital investment in London.”

“My department has far underestimated long strength, and I am willing to take this responsibility.”

George Monroe’s attitude was much more sincere than Curtis Bard’s, and he first admitted his mistakes and then explained them in place. He was also very responsible, so that the anger of Barrett Ballin and Peter Niels was quenched.

It’s just that, the pressure is on Curtis Bud, the senior manager of the metal trading department.

The latter’s face became very ugly, and his brain was running wildly, wondering what reason to find to relieve his responsibility later.