Lin Beifan and the others arrived at the trading room.
"Open Brother Ye's account. Let's see what trades he made and what his current earnings are," Lin Beifan said with a smile.
Following Lin Beifan's instructions, a trader opened Ye Xingchen's account. After only a glance, he exclaimed, "Holy cow!"
"What's going on?" someone asked.
"What happened?" another inquired.
Everyone felt a sense of foreboding.
The trader exclaimed excitedly, "He actually... He actually shorted gold with a full position!"
Shock rippled through the room. "What? He shorted gold, and he went all in?"
Being professionals, everyone understood the ramifications of shorting gold at this juncture.
Liu Rumei voiced her concern, "With the global economy in a slump and gold prices on the rise, it's evident we should be going long on gold! Shorting gold in such a situation is reckless! It's futile to entrust funds to someone like him! We should close the position immediately to mitigate the losses!"
"No... there's no need to close the position. We haven't incurred any losses yet; in fact, we've made a substantial profit!"
Liu Rumei was dumbfounded. "Profit? How much profit did we make?"
The trader exclaimed excitedly, "Look, gold has plummeted by nearly 2% at this moment! Ye Xingchen went all in on shorting gold! This means we've earned a 15% return, netting us 8 million!"
"Unbelievable! How did this happen?" Everyone was in disbelief.
"Why is gold plummeting now? Find out immediately!"
"I've got it!" The trader exclaimed, "A gold mine was just discovered near Melbourne! It's estimated to be one of the top three gold reserves globally! The oversupply caused the immediate drop in gold prices!"
Another round of astonished expletives filled the room.
Shorting gold just before this news broke?
It was uncanny luck!
Lin Beifan chuckled, "I knew it. Brother Ye wouldn't disappoint me! Where is our Brother Ye?"
Soon after, Ye Xingchen arrived. "Mr. Lin, what's the matter?"
Lin Beifan looked at Ye Xingchen with delight. "Brother Ye, you've truly amazed me! Shorting gold with the entire position at this time, I'm speechless!"
"Mr. Lin, won't it result in a loss?" Ye Xingchen asked cautiously, then added regretfully, "I knew I wasn't cut out for this!"
But inwardly, he was ecstatic. Even if it led to a loss, it would still be worth it!
Lin Beifan shook his head. "We didn't lose, but made a fortune!"
Ye Xingchen blinked in surprise. "Really?"
"Brother Ye, while you were shorting gold, its price dropped by 1.5% in less than half a day, and now it's down by 2%! So, in this short period, you've helped us earn nearly 10 million yuan, with a total return of 20%! You're truly my lucky charm!"
Lin Beifan patted Ye Xingchen on the shoulder excitedly.
"In less than half a day, the decline reached 2%! The total profit reached 20%! We made nearly 10 million yuan!"
Ye Xingchen's face turned pale with shock. "How could this be? How did it happen?"
Lin Beifan explained the reason for the slump in gold, his happiness palpable throughout the process.
However, Ye Xingchen was seething with anger. He had hoped the other party would incur losses, but instead, they made another profit!
"How is this big devil's luck so good?" he thought, his frustration mounting.
After speaking, Lin Beifan patted Ye Xingchen on the shoulder once again. "Keep up the good work, Brother. I have high hopes for you!"
"Thank you, Mr. Lin, for your attention," Ye Xingchen managed a smile that was more of a grimace.
Upon returning, Ye Xingchen's demeanor turned dark. He powered up his computer, logging into the company account with a vicious determination.
"Since gold is plummeting, I'll go long. And I'll go full throttle. Let's see how you fare now," he muttered, closing his original short position and opening a long one.
"Now let's see if luck is on your side," Ye Xingchen sneered, retreating to another location to await the outcome.
He refused to believe he couldn't make it back this time.
Meanwhile, in the trading room, traders monitored the gold trend, their excitement mounting.
"Gold is on the rise! The bulls are charging fiercely. Many are seizing the opportunity to buy, driving the price up. Those shorting gold are closing their positions rapidly!"
One trader swiftly accessed Ye Xingchen's account and was taken aback.
"Hurry, or you'll miss out!" someone urged.
The trader shook his head. "No need. The other party has already closed their position early and gone long on gold. They're already up 1%, and we've made another 5 million!"
The room erupted in astonishment.