Chapter 850: Another member of the Jewish royal family has popped up

'Stop loss and withdraw!'

'Stop loss and withdraw!'

Liuchuan Shuren successively went to the operation rooms of LME zinc futures and LME lead futures, quickly understood the situation, and immediately ordered to clear the positions and withdraw.

There was no other way, he had to withdraw, and now withdrawing sooner would result in less losses!

It was really the determination of the short position that was too great, and the financial resources on display were too great. Liu Chuan Shuren was not confident in losing the initiative and starting a war on multiple fronts at the same time.

This is one of the disadvantages of diversification. If your strength is not concentrated, it is easy for others to find opportunities to defeat you one by one.

Liu Chuan Shuren's plan now is to cut losses and reduce losses while also increasing risk resistance.

At critical moments, a huge amount of liquid capital is the best protective shield.

Fortunately, apart from LME nickel futures, LME zinc futures, and LME lead futures, no abnormalities have been found in the futures of other investments for the time being, which is a blessing in disguise.

After a series of orders, he returned to the operations room of the LME nickel futures trading team.

There was no choice. After instantly swallowing 2,400 lots of LME nickel futures contracts, Sumitomo Corporation's invested capital had exceeded 360 million US dollars, which could be said to be the futures with the heaviest weight, except for LME copper futures and LME aluminum futures.

Because of the large position, it is also the most difficult to liquidate and cut losses, and the risk is the greatest!

Moreover, the market for LME nickel futures is even smaller than the LME copper futures and LME aluminium futures market, which amplifies the risk even more!

When Yanagawa Shu returned to the operation room of the LME nickel futures trading team, the price of LME nickel futures had already fallen to 8,881 US dollars per tonne.

It had already shrunk by more than 1.7 million US dollars.

Of course, the price drop had been expected for a long time, but what concerned Yanagawa Shu-jin was not the price drop itself, but whether or not there was any institution willing to take over the position.

As he watched the group of traders quickly operating, he asked the person he had been keeping an eye on, Yoshida Hinata, 'How many lots have been sold?'

Yoshida Hinata was embarrassed and reported with a stiff upper lip, "Minister, there has been no transaction yet. No long position is willing to take over for the time being.'

Yanagawa Shu-jin's breathing stopped for a moment, and he suppressed the anger rising within him as he asked again, "What is the selling price?'

Yoshida Hyuga immediately replied: 'As the price continues to fall, our selling price has been adjusted. The latest adjusted selling price is 8,880 US dollars per ton.'

The real-time quotation of LME nickel futures had already fallen to 8,881 US dollars per ton, and Sumitomo's selling price was only 1 US dollar lower. Obviously, Yoshida Hyuga was still hoping for the best and trying to minimise losses.

But in this situation, there is absolutely no fool who will take over the position. The LME nickel futures price is obviously on a downward trend, and there is a large short seller deterring the market. Without leaving enough profit margin and room for manoeuvre, why would any institution enter the market to take over the position?

It is only $1 lower, but the price may have already fallen below $8,880 per tonne after the recent delivery. If you buy now, you will lose money. What kind of fool would buy?

If the trend continues, the metal may not sell for months, and the buyer will be slowly bled dry until they are dragged into an inescapable vortex by the short sellers.

Yanagawa Shu looked at Yoshida Hyuga and, with a heavy heart, gave the order: 'Reset the price, and post a sell order of 500 lots at 8,600 USD per tonne!'

'Hey!'

Soon, a sell order of 500 lots was posted at 8,600 USD per tonne.

However, it is estimated that other institutions' sell orders are still struggling around the price of 8,870 US dollars per tonne.

Sumitomo Corporation's selling price for the LME nickel futures contract is the lowest!

If an institution is long at this time, then there is no doubt that it will definitely buy Sumitomo Corporation's LME nickel futures contract, because buying one lot of Sumitomo Corporation's LME nickel futures will save more than 1,600 US dollars compared to buying from other sellers.

If 500 lots are bought, it will save 810,000 US dollars, which is a very large sum.

But unfortunately, in the expectant eyes of Yanagawa and Yoshida, the sell order for 500 lots of LME futures contracts that was placed just now just sat there.

One second!

Two seconds!

Half a minute!

One minute!

Not even one contract was sold!

Yanagawa's expression gradually stiffened, and his fists unconsciously clenched.

Of course, the futures market is always dynamic and will not stop for anyone.

There was no movement in the LME nickel futures contracts posted by Sumitomo Corporation, but other contracts began to jump wildly.

The sell orders that were originally at 8,870 US dollars per ton were all from other long positions that lacked confidence except for Sumitomo Corporation.

Sumitomo Corporation's actions scared them, especially when they saw that Sumitomo Corporation's LME nickel futures contracts could not be sold at such a low price. They all woke up from their dreams and immediately followed Sumitomo Corporation's lead, even adjusting the price to below 8,860 US dollars per ton.

The price of LME nickel futures also plummeted.

Yanagawa Shu's gambling-like move had the opposite effect!

Somehow, Yoshida Hinata closed her eyes in despair.

There was no doubt that the LME nickel futures contract price would fall below 8,600 US dollars, and Sumitomo Corporation would lose at least 13.3 million US dollars in LME nickel futures contracts!

Time passed slowly, and for Yanagawa and the others, every second felt like a year.

No matter how hard they struggled, there were still no buyers. Only a group of sellers kept trying to lower the price, trying to trade first when the price dropped to the psychological price of some institutions.

The capital market is full of all kinds of people, each institution has different energy, and everyone thinks differently, so it is hard to say when an institution will act.

When the price drops to a certain level, an institution will definitely take over, it just depends on what price reaches the bottom-fishing price that an institution considers.

At that moment, the employee who had gone to investigate the situation finally returned, with an anxious expression on his face, and reported to Ryūkawā Jurin, 'Minister, I've found out, the big short seller is G·S·Huabao!'

Ryūkawā Jurin's eyes widened, his expression became extremely solemn, and he hurriedly asked, "Are you sure?'

The employee immediately nodded, "There is no hidden information in these accounts. I have asked many of my colleagues, and these accounts belong to G·S·Huabao.'

Liuchuan Shuren angrily cursed, 'Damn it, it's the damned Jews. How come they're targeting us like this?'

It was normal for Liuchuan Shuren to be so shocked and angry. It was really because G·S·Huabao Company had too much power.

If there was any Jewish family in the world that could be compared to the Rothschilds, it would undoubtedly be the Warburg family. Although the Warburg family was once supported by the Rothschilds, they gradually caught up and were also known as the Jewish royal family.

Paul Warburg was once the leader of Germany's most influential private bank and the chief architect of the Federal Reserve. When the Federal Reserve Bank of New York was established, the total share capital was only 203,053 shares, and the Warburg family held 21,000 shares, accounting for more than 10% of the shares. It was the second largest shareholder of the Federal Reserve Bank of New York, second only to the 30,000 shares held by the National City Bank of New York, which was controlled by Rockefeller and Kuhn, Loeb & Co.

At that time, the Rothschild family-controlled Hanover Bank held less than half of the shares of the Warburg family-controlled National City Bank of New York, with just 10,200 shares, just over 5%.

This was such a powerful Jewish family, but because the main force was in Germany, it suffered the hangman's noose of the little mustache, and the losses were much more severe than those of the Rothschild family. Most of the core members did not escape, and only the current family member, Sigmund Warburg, escaped to the UK and was given asylum by the Rothschild family to rebuild the family.

And G.S. Warburg & Co. was the Warburg family's core asset.

Although a few years later, after the death of Sigmund Warburg, the Warburg family had no heir to take over, and G.S. Warburg & Co. inevitably weakened step by step, and in the end, its outstanding investment banking business was acquired by UBS, becoming UBS Warburg, one of the three pillars of the UBS Group.

However, at this time, West Germany's Munger Warburg, the master of the revival, was still alive, and G.S. Warburg's power in the UK was astonishing. With the strength of Sumitomo Corporation, it was really unbeatable in a one-on-one fight!

What's more, Sumitomo Corporation was an outsider, and G.S. Warburg had a local advantage. Now G.S. Warburg was obviously trying to bully them!

'Minister, if the news that G·S·Huabao is a large short seller spreads throughout the stock exchange, it will be much more difficult for us to clear our positions and flee, and we will suffer heavy losses...'

Yoshida Hyuga said anxiously and apprehensively.