America's Road to Wealth

After making the call.

Abel stood up silently and walked to the wine cabinet next to his office.

The wine cabinet and the wine in the wine cabinet were all prepared by Melio.

There were about a dozen bottles of red wine and five or six bottles of foreign wine inside. Abel randomly picked a bottle that suited his eyes.

After taking it out, I found a bottle of Margaux Blanc.

Opening the red wine, he poured himself a glass of Pavilion Margaux.

Chateau Margaux is a well-known 1855 First Growth, and its white wine making history can be traced back to the end of the 17th century.

In the 19th century, the wine was sold as "Margaux Sauvignon Blanc", and it was not until the 1920s that it was renamed "Margaux Blanc Pavilion".

Abel didn't like drinking, so he just took a sip of the thousand-dollar premium Margaux Blanc and put it next to him.

Then he came to the trading floor on the third floor, and his appearance made the traders who had been here for almost a week cheer.

David Mellon rushed over, and Abel noticed that the whites of his eyes were bloodshot and his pupils were slightly dilated.

David looked excited and said to him excitedly and loudly: "Look at the trend chart, look at the latest trend chart!"

Abel smiled, and under the gaze of hundreds of people, he came to the quotation wall composed of screens.

Abel saw the trend chart of GBP/USD. In the daily chart of GBP/USD, there was a super positive line.

It is still on an upward trend.

And there is still a little tail dragging underneath.

Apparently the GBP/USD bulls were on a lot of drugs today.

Abel knew this, so naturally he would not be as excited as David.

He spoke calmly:

"David, tell me the exchange rate of the British pound from yesterday to today."

David stood up straight and said excitedly: "Boss, this is a day when the pound currency exchange rate skyrockets!"

"Boss, in the European market yesterday, the U.S. dollar index fluctuated downwards and is now around 80.55."

"And investors' attention during this period was undoubtedly focused on the Bank of England's quarterly inflation report."

"In the end, the Bank of England did not modify the unemployment rate and interest rate hike threshold as expected by some market participants. Instead, it raised the country's economic expectations in the report."

“Affected by this risk event, GBP/USD surged hundreds of points in the short term, hitting a two-week high of 1.4647!”

"Subsequently, the Bank of England raised its forecast for UK GDP growth in 2000 from 2.8% to 3.4%."

"The UK GDP growth forecast for 2001 is raised from 2.3% to 2.7%, and GDP growth is expected to be 0.9% in the fourth quarter of 2000."

Abel nodded with satisfaction.

This is the Bank of England bragging about speeding up its own currency!

At this period, the shit stirrer did still have a certain amount of economic strength.

As one of the global financial centers, this kind of financial virtual power is quite beneficial in this regard.

Let’s look at Sister Litchi’s magical operation more than 20 years later.

A mere sham, and the British pound immediately became worth less than the U.S. dollar.

The pound became one of the fastest depreciating international currencies within that year.

This time is not the time, the troublemaker at this time, although the national power has been reduced.

But its financial strength and influence are relatively stable.

It opened less than two hours today.

GBP/USD surged more than 50 points in the short term, hitting a two-week high of 1.4647.

British bond futures fell by more than 20 ticks, and the difference between the yields of 10-year British bonds and comparable German bonds expanded by 2 basis points to 110.2 basis points, the highest since February 28 this year; short-term sterling interest rate futures expanded their losses.

But these.

It is all the analysis of David and Wall Street elites.

In Abel's case, he wouldn't have to go to such trouble.

He directly ordered: "Today, please keep an eye on the trend chart of the pound currency exchange rate."

"Just today, be ready to close your position at any time."

GBP/USD is so strong and has been rising sharply for several days.

The market is generally optimistic, and bulls continue to enter the market.

But the talent told Abel that it was time to prepare to leave.

If he doesn't leave the field, there will be a pit waiting for him to jump.

Now that he's leaving, he ran away before digging the manhole in front of him started.

The only pitfalls ahead are those who can't see clearly.

After the order was given, Abel asked again: "How much profit have you made from the pound currency exchange now?"

"yes!"

David was emotional, and he knew Abel loved hearing the end result.

David said directly: "Currently there is a total surplus of 6.856 billion US dollars!"

This time, the account funds of 10 billion US dollars have made nearly 70% profit after many days of hard work!

The bigger the funds, the harder it is to double. Every time they can make a profit of more than 30%, it is a very good record. I didn't expect that they could make a profit to this extent!

Soros attacked the British pound in 1991 and was busy planning for more than a month.

Run before and after, willing to be a pawn on Wall Street.

In the end, Wall Street got the lion's share, and Soros, the sword that was placed in front, only got 2 billion US dollars.

This is not even his personal income, which is only $650 million.

Just this level of profitability.

At that time, he was praised to the sky by Wall Street, and he also topped the Wall Street income ranking list of "Financial World" magazine.

What now?

David now feels that even if he starts to close his position at this time, he will withdraw some profits.

Smith Capital's profit from this transaction can exceed US$5 billion.

Isn’t that more than Soros?

Although it has been almost ten years, after years of inflation.

The purchasing power of five billion dollars is a bit worse than it was back then.

But these investments are all from Smith Capital!

Even if part of it is private equity, a large part of the profit belongs to Smith Capital!

In the end, Smith Capital's income exceeded US$4 billion no matter what.

The US$4 billion in 2000 is still worth more than the US$650 million in 1991!

David feels that Abel is the only one who should be blown away by Wall Street!

At noon, the pound currency exchange rate jumped slightly again.

In the eyes of normal investors, most investors will be very excited about this situation and insist on holding it.

But for Smith Capital, Abel has officially issued an order to close the position for many days.

Even though he hesitated, David Mellon executed it without any hesitation.

Nowadays, the pound currency exchange rate is rising sharply, but it is becoming more and more uneasy, because things must reverse when they reach their extremes!

After a while, David took the microphone and shouted, asking many traders in the trading room to start operating.

With such a large amount of funds and the closing of so many accounts, it is impossible to complete it within a day or two.

The time to close a position usually takes several days.

If the market is unstable or bad, it may last for half a month or even longer.

Many large-capital investors in the foreign exchange market often experience profit retracements when closing positions.

I was supposed to earn 100 yuan, but it often happened that I only had 50 or 60 yuan left.

Because during the closing time, profits sometimes retrace faster than they rise.

So in foreign exchange trading.

Most of them would not choose to close their positions when profits are at their peak.

Because after the peak, there will be a retracement and decline.

Those who choose to close their positions at the top often make the least in the end.

If the market conditions are severe, floating profits may even turn into floating losses.

This is also common.

Just in the afternoon, the latest economic data from the United States was released.

U.S. import price index monthly rate in October:

Previous value 2,

Expected 2.1,

Published value -0.1

As soon as this data is released.

It immediately began to be negative for the US dollar. In turn, the pound/dollar, which was already on fire, became even stronger.

GBP/USD is rising uncontrollably again.

Abel immediately said to David: "Ask the traders to increase the number of positions for each account to be closed."

Now that the market is better, more heads will enter the market.

There are also many short positions that have been stopped and closed, and there are a lot of buying orders in the market.

It can be hedged with the closing order of Smith Capital to avoid profit retracement as much as possible.

This black swan incident also made Smith Capital, which originally took at least a week or so, completely leave the market.

The speed of leaving the field has increased several times.

The result of the crazy closing of positions was to a certain extent, suppressing the rising trend of the pound-based currencies.

But it won't be that simple.

"Talent" allowed Abel to leave the game at this time.

This means that it is the right thing to do.

Half an hour later, another new US economic data was released.

U.S. industrial output monthly rate in October:

Previous value 2.

Predicted value 2.

Published value -0.3.

Like the previous monthly rate of the US import price index, this data is once again negative for the US dollar.

Because Smith Company closed its positions with some capital and left the market, the pound currency exchange rate, which was slightly suppressed, once again received help.

In addition, at this moment, there are also many short sellers in the market who have stopped their losses.

GBP/USD was further pushed up, rising from 14700 to 14740, a total of 40 points in half an hour.

The traders of Smith Capital naturally liquidated their positions frantically again.

Such a good opportunity to leave the game at a high position can only be encountered once or twice at most.

I don’t know what happened today, but I came here twice.

For Smith Capital's capital exit, this means that it is accelerating, and there is another acceleration, which is about to become a super acceleration.

The result was a rise in GBP/USD, which was quickly suppressed by Smith Capital's frantic increase in the number of positions closed.

GBP/USD began to fluctuate at a high speed in the 20-point range from 14740 to 14760.

Half an hour later, GBP/USD fell all the way, finally falling to 14705.

David was a little nervous at this time.

He found Abel: "Boss, should we reduce the number of lots to close the position now?"

Smith Capital's unscrupulous liquidation of positions caused the selling orders in the market to completely exceed the buying orders in the market.

Let GBP/USD turn around and fall all the way down.

In this situation.

When Smith Capital closes its long positions, it is tantamount to shorting the market.

How many long positions are closed means how many more selling orders are added to the market.

When the person who takes the order sees this situation, he will also murmur in his heart. Beware that it will start to fall and start to reduce the number of positions to be closed.

At this moment, David became more and more nervous.

I am afraid that if Smith Capital continues to close its positions, GBP/USD may plummet.

After all, it is easy to get large amounts of money in, but it is very difficult to close out the position.

Now they have just lost 1 million hands, with three-quarters of the market left.

And this is already a crazy speed.

Under normal circumstances, with so much money leaving the market, it would take at least two days to maintain profits.

And today, it has only been going on for about two hours!

After hearing what David said, Abel pondered for a while and said, "Slow down, but continue to close the position."

“Awaiting the next U.S. economic data.”

"If the data is bad, we will continue to add to the position and close the position. If the data is very good, we will continue to add to the position and close the position."

“Don’t worry about a big fall in GBP/USD.”

The talent told him that this did not happen.

Soon the preliminary value of the University of Michigan's consumer confidence index for November in the United States came out.

Previous value 822

Predicted value 832

Published value 802.

This data is very poor and again negative for USD and bullish for GBP/USD.

GBP/USD has surged again at 14705.

But this time, its upward momentum seems a bit unstoppable.

In one hour, it went from 14705 to 14790, and it was about to break through the high of 14800.

At this time, in Manhattan, at Three International Financial Center, the headquarters of Merrill Lynch.

Stanley O'Neill, one of the presidents who has ousted much of the power from CEO David Komansky, is talking to Charlie Scharf, the company's chief financial officer.

The conversation took place on the trading floor of Merrill Lynch's International Foreign Exchange Investment Department.

Through the glass wall of his office, Stanley O'Neill looked at the nervous traders outside.

While looking back, I looked at the latest real-time pound currency exchange rates that were specially marked.

"Has it been half an hour? Haven't you found out yet? Charlie?" Stanley O'Neill suddenly looked behind him at Charlie Scharf, who was operating the computer to communicate with the company's internal staff.

The CFO of Merrill Lynch wiped the sweat from his face and said loudly:

"It's been found out! It's basically confirmed that the person who is selling the market is Smith Capital!!"

"They were long before, and now they are closing their positions. The liquidation is very strong, and they have become short in a certain sense."

Stanley O'Neal, currently the most powerful black man on Wall Street, frowned and said:

"Is it really them? With so many liquidation orders, this guy's investment in the foreign exchange market seems to be a huge amount of money."

"It must be huge." Charlie Scharf said: "Just through our Merrill Lynch funds, there are as many as 1 billion US dollars!"

Stanley O'Neill couldn't help but shook his head, "Then it's really not a good idea for him to close his position at this time."

The black president said this because he is one of the giants of Wall Street.

Merrill Lynch and other giants have already received inside information early.

That is the relevant economic data in the United States released in the past two or three days.

All bearish for the dollar.

In other words, it will benefit world-class currencies that are slightly stronger.

The main ones are pounds, euros and yen. .

These currencies will all rise on the data.

If Smith Capital chooses to close the position at this time, it will lose this part of the rising profits.

Stanley O'Neill spoke again: "Charlie, tell me the three-day forecast value of the company's analysts for GBP/USD."

Charlie Scharf looked down at the computer screen and immediately replied:

"The data is around 14830! It is similar to the current real-time data, but there will be many rises and retracements during the process. Of course, these are all predictions."

"Of course I know they are all predictions." Stanley O'Neal nodded a little arrogantly.

"Charlie, I think we should increase our entry intensity next. There is obviously room for the pound to rise. You know, at the beginning of this year, it once exceeded 16,500."

Charlie Scharf was a little hesitant because the chief financial officer of Merrill Lynch admired Smith Capital very much in his heart.

Smith Capital is now closing positions

However, he is only the chief financial officer and has little power in this area.

Stanley O'Neill is currently the most powerful president of the company.

He is so trusted by the board of directors that even David Komansky, the real CEO, is almost ignored by him.

What can Charlie Scharf say.

He could only say: "I trust your judgment, Mr. O'Neill."

Stanley O'Neill nodded, picked up the phone on the table next to him, and dialed an internal communication.

"I'm Stanley O'Neill. The current situation is bearish for the US dollar, and I think we should go long the pound-based currencies and short the US dollar-based currencies!"

"Increase the amount of funds again, the amount is US$1 billion. Use the funds in the high-value fund and Merrill Lynch money fund accounts in the 136th period."

"Leverage? We don't take risks. No leverage."

After giving this order, Stanley O'Neill began to pay attention to the market again.

He discovered that it only took a moment.

Just for the pound against the US dollar, the data has risen from 14810 to 14830, and has rapidly fluctuated between 14830 and 14850.

The black president nodded with satisfaction. He felt that Merrill Lynch should be able to earn at least several hundred million dollars this time.

This is a rare big move.

Merrill Lynch missed the international crude oil and pound prices at the beginning of this year.

In this time of pound and dollar prices, you can’t miss it anymore.

Charlie Scharf didn't agree with that, but he was fine with it.

After all, if something goes wrong, it has little to do with him, the CFO.

Stanley O'Neal has a strong back and will be able to withstand anything if anything happens.

There are many Wall Street giants who have made judgments like Stanley O'Neill.

Like Merrill Lynch, they can get inside information that small and medium-sized investors cannot.

Many times, some of the data that is negative for the US dollar are provided by them.

They can even adjust the timing of releasing these economic data.

In fact, everyone started taking action again two days ago.

Otherwise, the market price of the British pound currency exchange rate would not have been pushed so high.

.

Merrill Lynch isn't the only one taking action.

Goldman Sachs, Mellon, Wells Fargo, Citigroup. Everyone is taking action.

What they played was more than what Smith Capital wanted to spend.

It's evening.

Abel as he leaves Smith Building.

GBP/USD is holding steady near 14,840.

Smith Capital’s 4 million long orders are also at a crazy and unprecedented speed.

2 million lots were closed.

Get half the profit.