Chapter 648: Counterintelligence, Discord
"Again?"
"Is there something wrong with his head?"
"Did I step on his tail?"
Lu Liang's face darkened, although he only graduated from a vocational college and hadn't received systematic education.
Over the years, he had wreaked havoc in the market, mainly relying on foresight and retroactively deducing processes from known outcomes.
But at least he had accumulated considerable practical experience, and to him, the current market no longer had any conditions favorable for shorting.
Because when the Renminbi broke below 6.9, it became apparent that there is a support level below; 6.9 is the bottom line in the short term.
Once there's no profit to be made in the offshore Renminbi market, funds will inevitably remember the London gold they had forgotten and shorted against the trend.
That's why Lu Liang had just made a bold move to invest 2 billion dollars directly, just to forcibly open the upward channel for London gold.
Lu Liang frowned, suddenly feeling a bit uneasy.
Is his butterfly effect too great, causing history to change and creating an unfavorable event for gold that he doesn't know about?
Otherwise, it seems inexplicable, as gold clearly no longer has conditions for shorting, yet someone continues to short against the trend.
Cameron Wilson was probably the Wall Street fund manager Lu Liang dealt with the most.
A person with a passion for both genders, in his impression, he was someone extremely rational.
Lu Liang remembered one instance when they were trading against each other.
Back then, his influence wasn't as big as it is now, future predictions were mostly accurate, and victory was leaning his way, but he still wanted to earn more.
So he boasted outwardly.
'Who's claiming invincibility, who dares to say undefeated?'
He attempted to use mockery to lure more funds to trade against him, hoping to fatten up on them all at once.
At that time, many fund managers might have been fooled. After all, when they were dominating Wall Street, Lu Liang was still playing in the mud in his village; how could they allow him to be so arrogant, thinking no one could handle him?
As a result, Wilson, who was then the head of the third investment group at JPMorgan, reacted quickly, decisively cutting losses, abandoning the position against him, and switched to following the trend.
This move reduced Lu Liang's expected 2 billion dollar profit by more than half.
One was a century-old capital consortium, the other just a rising star in speculation.
Even back then, Wilson was so prepared and made rational and correct decisions.
How could it be that now he's being irrational, shorting gold against the trend, and persisting, making one suspect if he has some kind of backing?
"Mr. Lu, the price of London gold has fallen below 1700 US dollars."
Sun Yutao looked at Lu Liang, yesterday and today, they invested a total of 12.8 billion dollars in the London gold market.
Although they built positions at low levels earlier, it was only with 5 billion dollars, and the current holding cost is 1722 dollars, with an unrealized loss of 828 million dollars.
As they adopted a strategy of surrounding and attacking reinforcements, they also invested 5.8 billion dollars in the offshore Renminbi market, which brought profits, but the situation isn't stable enough for immediate withdrawal.
With initial funding of 45 billion dollars, 5 billion dollars reserved as a backup, and two AI models each holding 10 billion dollars for quantitative trading, they now only have 1.4 billion dollars of usable funds on their account.
"The funds from the quantitative account can be withdrawn, but it will take some time," said Liang Wenhu hurrying.
Battle between two armies relies on logistics; having ample ammunition ensures worry-free actions.
"It's not time for quantitative support yet."
Lu Liang waved his hand, vetoing Liang Wenhu's suggestion.
Quantitative trading is his hidden trump card, perhaps the key to victory in this battle, not to be easily revealed.
After pondering for a moment, he said, "Withdraw 3 billion dollars from the backup funds, pull London gold back to 1700 dollars first, and then see if we can slow down trading. I'll make a phone call."
After speaking, Lu Liang walked to the corner of the trading room.
There was a transparent glass booth resembling a phone booth here; it was the only place with a signal in the entire trading room.
He called Wen Chao: "Enter the London gold, but don't make a big move, Tianxing will cover you. Play your funds flexibly behind us, just ensure the 1700 dollar level isn't breached."
"Okay, Mr. Lu," Wen Chao responded, and Lu Liang didn't say much more before ending the call.
As he was about to step out of the communication booth, he suddenly stopped, pondered for a moment, and dialed Jeffrey's number.
Jeffrey Stan, founder of Stan Investment Company, dedicated to serving clients with net worth over 1 billion dollars.
A notorious black glove in the academic, sports, political, and business circles, he specializes in doing the dirty work for wealthy people.
There's nothing people can't think of and nothing he can't do, even things others don't dare to do, also the owner of Joy Island.
"Lu, is that you?" Jeffrey was surprised why Lu Liang would call him at this time.
"It's me."
"What can I do for you?"
"Help me reach BlackRock, as well as the heads of Vanguard and Blackstone Group; I want to talk to them."
Lu Liang suddenly understood why dead Zhuge could scare away alive Zhongda when things go abnormal, there must be something going on.
What on earth was Wilson up to in his gord? Must find out this root cause or it'll always be a thorn in his heart.
Lu Liang thought of a pretext, which could feel out their responses.
"No problem, leave it to me."
Jeffrey responded attentively, making no demands.
For years he'd been serving big shots and understood well the rule: if the big shots don't give it, he shouldn't ask.
Just keep them pleased, maintain good relations, and there will be plenty of opportunities to make money later.
After a few minutes, it was known only Blackstone's Mr. Su Shimin could be reached, the other two were temporarily unreachable.
"Thanks." Ending the call with Jeffrey, Lu Liang contacted Mr. Su Shimin of Blackstone Group.
In fact, even two years ago, they had met several times in Beijing and even climbed the Great Wall together.
Whether they were rivals or not, Lu Liang was not suitable for directly contacting the other party.
Just like international visits of leaders, even if both understand each other's language, a translator is needed for representation of equal status between the sides.
As the call connected, Su Shimin's mirthful laughter echoed: "Mr. Lu, Jeffrey told me you're looking for me."
"I suddenly came across a good project, just not sure if Blackstone Group will be interested."
Lu Liang laughed but cursed inwardly, calling him an old fox, who immediately set the tone as if he is the one seeking him.
"Oh? I'm all ears." Su Shimin's Mandarin was at least level eight, more standard than Lu Liang, idioms flowing readily.
"Shorting London gold against the trend is an extremely irrational act, Kamon is no longer a qualified asset manager, this is our opportunity."
Lu Liang chose his words carefully, filled with confidence, while denying Wilson's actions, he didn't speak too conclusively either.
Because he wasn't sure whether there was indeed bearish news about gold, emboldening Wilson's actions.
If there were bearish gold news, Blackstone's Sect Leader should be aware.
Lu Liang could tell from his reaction whether Wilson was emboldened or had lost his mind.
Su Shimin pondered for a moment, not easily falling for Lu Liang's bait, he asked: "How do you know it's an irrational act? Can't Kamon be confident?"
Lu Liang laughed: "Mr. Su Shimin, do you think under the current situation, gold can still be suppressed?"
He pondered, planning to make a risky move, withholding a bit, then informing the following plan.
Lu Liang said: "Do you know why we've been keen on shorting the Renminbi these days?"
"I don't know," said Su Shimin.
Lu Liang smiled faintly: "This April, as soon as the tariff increase bill passed, the Renminbi broke below 6.8, in July it broke below 6.9, if you're an ordinary person, what would you think?"
"I would think, as the Renminbi quickly dipped below 6.9, knowing Lu Liang's intent.
This is a self-serving move; Lu Liang has changed a lot compared to two years ago when we first met, he's now a qualified fund manager.
Su Shimin sighed, he wasn't unaware, but when Lu Liang violently crashed the order book, making the Renminbi fall below 6.9, he understood Lu Liang's intention.
Su Shimin asked: "How do you propose we cooperate?"
Lu Liang squinted his eyes with a smile, feeling like he had guessed correctly.
He said: "You know what you planned to do to me before, now you can try it on JPMorgan Chase."
Su Shimin paused, sighing: "Young man, you have quite the appetite."
"My appetite is not that big," Lu Liang said with a smile in his eyes.
Morgan is far away, and I'm a foreigner, I won't be going abroad anytime soon.
If we can really bring down JPMorgan Chase,
Then the biggest gainer won't be me.