Chapter 24

Chapter 24 Capital Smith

The meeting between Abel and David Mellon was not a bloody conspiracy.

It was last year when he came to New York from Texas.

He has $70,000 as a financial investment.

But today, the Internet still does not have the ability to play with finance.

If you want to invest, you can just go to a bank or financial company to open an account. At that time, he was afraid of being scammed so he chose a large financial company.

This is the rebirth and the reason for China's rebirth again.

He had a different interest in Goldman Sachs so he chose to open an account with Goldman Sachs.

He started playing foreign exchange and the Goldman Sachs employee who received him at that time was David Mellon.

Over the past two or three months, the relationship between the two has become much closer. David Mellon graduated from the Wharton School of Business and was born into the Mellon family.

I have worked at Goldman Sachs for three years and have rich professional experience.

Late last year, Abel invited David Mellon to work for him.

Mainly Abel himself, despite being a graduate of Rice University.

Additionally, Rice University is the top university in the Southern United States. He didn't get into the Ivy League but had Ivy League strength.

also one of the best universities in the United States.

But

The original major in college was actually the art department!

A red-neck boy from Texas going to school for fine arts is hard to describe.

So whether it is the memories of the primitive body or the memories of the newborn.

I don't know much about American finance. After reincarnation, I studied hard.

But what can you learn from this type of learning?

Without this aspect, he would have made a terrible mistake.

There was no word of suspension.

He doesn't know how to touch it at all, and he doesn't have enough courage to touch what most intelligent people study across the European and American world. But even there is congestion.

He also feared facing death from giant Wall Street crocodiles during his operation.

He needs an assistant who knows Wall Street and the rules of finance very well.

After two or three months of investigation, he reflected on his professional ethics or ability.

David Mellon is qualified and meets his needs. He sent an invitation.

At first, David Mellon naturally refused.

In the face of Goldman Sachs middle management, isn't making millions of dollars a year a good thing?

Finally, Abel offered an annual salary of $5 million.

Combined with Abel's previous investment, he was pleasantly surprised. There is also the character of David Mellon, who also has a radical personality.

David Mellon eventually chose to resign and form a group of Abel's followers.

Abel then invested in a series of deals on Nasdaq.

Abel took command and David Mellon led a group of merchant operations.

Later there was also the establishment of Smith Capital, and David Mellon was also responsible for various tedious and detailed tasks. Let's put it this way.

Humanized words from Smith Capital.

At that time, Abe was the brain and heart of the company.

David Mellon is an agency and member of the company.

The two have known each other for ten months and worked closely together for six months. In addition to establishing Smith Capital, Abel also gave David Mellon a 2% dry stake.

Since the founding of Smith Capital, the company's profits have exceeded 600 million US dollars.

2% of 600 million USD, also 12 million USD.

Seven more years of work than David Mellon, and more than total earnings.

And it's been just over a month, it's only just begun. Even a blind person can see the future of money.

If you have the money, you will be satisfied with Abergan.

He also has a good personal relationship with Abel.

Due to several factors, David Mellon is now working at Smith Capital.

One week ago,

Because we are "monitoring" the Yen exchange rate, there will be a wave of intense fluctuations next. Smith Capital, under Abel's control, entered the market by shorting the yen.

Abel is the commander in chief and the soul.

David Mellon was a pioneering general.

He selected eight of the company's top currency traders and entered the hideout.

In a week. Even though Abel was absent, he did not come to the company.

David also occasionally contacted Abel by phone depending on the operational needs Abel left behind.

Controlling the hideout's eight traders, they carefully manipulated massive capital flows with up to $1 billion in margin and 20x leverage to continuously build positions, with the aim of selling at The Japanese yen was discovered.

The eight merchants primarily responsible for the actual operations remained in the security room.

David Mellon, the general manager, hasn't been home for a week. This week, he also stayed at the company the whole time.

Eating, drinking and sleeping are all done here.

When Abel is absent, he must keep watch here.

After all, after leverage, it reached a whopping $20 billion.

Abel has a big heart and dares to run everywhere. David Mellon, the man in charge of the campaign, could not be as relaxed as Abel.

Because of so much attention, David Mellon was very tired.

That's why I accidentally fell asleep just now.

Now Abel is back.

Also arriving at the company, David Mellon was a bit slow but suddenly cheered up. Because that means it's time to close.

"Can you please report the market situation?"

Look at David Mellon, who's a bit tough because he comes home late and works overtime.

Abel smiled.

David Mellon cheered up and said softly:

"According to your needs. We mainly trade two currency pairs, JPY/EUR and JPY/USD."

On January 1, 1999, the euro was officially born, replacing the dollar to dominate the European currency market. This is a completely new currency but it currently benefits from the strong power of the European Union.

Since its inception, the euro has become one of the main currencies in the world.

Neon Country's Japanese yen has been one of the world's major currencies since the 1980s.

And the dollar, not to mention.

We can even say that it is synonymous with world currency. Therefore, these two currency pairs always have relative stability.

Stability means less volatility.

The volatility is not large, that is, foreign exchange speculation here, in general, profits and losses are not too large.

Typically, only large-scale black swan events cause fluctuations in the exchange rate of this world-class stablecoin.

For example, the Fed suddenly raising and lowering interest rates, or what kind of unexpected operations the Neon Central Bank and the European Central Bank deploy. "JPY/EUR, when we entered the market, the exchange rate was 98.2380."

"JPY/USD, when we entered the market, the exchange rate was 108.3210."

"And now."

Speaking of this, David Mellon smiled bitterly.

"JPY/EUR is 98.2450."

"JPY/USD is 108.3560."

"Furthermore, according to your instructions, three days ago, our funds all entered the market."

After listening to David Mellon's report, Abel nodded.

"That means we've lost money now, right?"

"Yes. We lost $64 million."

David Mellon said with a bewildered expression. (end of this chapter)