Chapter 27

After lunch, Wang Zixuan returned to his room to watch the London gold market.

During this period, his three meals had become lunch, dinner, and late-night snack.

The Asian and Australian markets were trading lightly, especially after Wang Zixuan's rampage yesterday, market participants were all very cautious, and London gold was making minor adjustments.

Wang Zixuan did not make any further moves, still holding the 10 million short positions he opened yesterday.

In the afternoon, when the European market opened, the bulls who had fought with Wang Zixuan last night seemed unwilling to accept defeat. They immediately placed a large number of buy orders, pushing up the gold price.

Wang Zixuan did not dare to let the bulls gain momentum and directly placed 10 million short positions.

The bulls had barely taken half of the positions when Wang Zixuan placed another 10 million short positions.

The more than $200 billion worth of short positions instantly crushed the bulls.

Spectators, seeing the bears win, immediately joined the short-selling, causing the gold price to plummet.

Seeing such a brutal operation, more experienced investors guessed that it was likely the疯狂的华夏掠食者 (crazy Chinese predator) who had made his move again.

Wang Zixuan clenched his fist tightly.

In fact, this was his last-ditch effort. If the bulls had taken all his short positions, he would have immediately closed out part of his short positions.

30 million short positions, worth over $300 billion, even with his three accounts holding more than $10 billion, the leverage was over 30 times. A three-point rise could have caused him to be liquidated.

Fortunately, the bulls were not determined. After all, the gold price had risen by 30% in the past three months without any significant adjustments, accumulating a large number of profit-taking positions.

In recent years, the international market's trading volume had increased, and more funds had participated. Even the largest funds could suffer significant losses if they chose the wrong direction, so few funds would operate against the trend.

This was the reason Wang Zixuan dared to take such a risk.

He was not trying to make a quick profit but had some ideas after reading foreign reports in the past two days.

Since he had made 110 times his initial investment in 60 days, he had been closely watched by the global investment community.

His recent operations had been invincible, and his unprofessional and brutal trading style had earned him the nickname "Tyrant" among foreigners.

Although it was not a flattering name, Wang Zixuan hoped to establish a reputation as a tyrant.

Back in the day, Soros was able to attack the British pound and create the Asian financial crisis not only because of his sharp insight but also because of his golden reputation. As soon as he hinted at something, countless international speculative funds would follow.

The speculative funds that followed were the main force that brought down the UK and Southeast Asian countries. Soros only needed to strike decisively to show the speculative funds the opportunity.

Wang Zixuan was not a genius like Soros and did not have enough time to build his golden reputation. However, he could establish his reputation through his undefeated record and wealth myth, attracting speculative funds to follow.

Wang Zixuan knew the trend of recent years. If he could establish his reputation, even if he occasionally exposed his operational targets, he could still attract many speculative funds.

Under the combined force of these speculative funds, no amount of capital could reverse the trend.

The 20 million short positions he had just placed only traded 13 million. Wang Zixuan did not open more short positions at a lower price but canceled the untraded short positions.

After the gold price fell by 3%, Wang Zixuan closed out 13 million short positions, leaving only 10 million short positions. His three accounts' assets surged to $18 billion.

Wang Zixuan's account had $2.45 billion.

Wang Liangming's account had $5.93 billion.

The fund account had $9.62 billion, with a profit of $7.62 billion. Wang Zixuan could withdraw $3.81 billion, meaning his total assets were $6.26 billion, or 42.6 billion RMB.

Wang Zixuan's commission was set based on the profit ratio. If the annual profit exceeded 100%, he could receive a 50% commission.

On November 5, 2009, the Forbes list of the richest people in mainland China showed that Wang Chuanfu of BYD was worth 39.6 billion RMB.

At that time, Wang Zixuan was still losing the 200 million RMB startup capital given by Su Ting, and his account assets were less than 100 million RMB.

Forbes did not rank Wang Liangming and Wang Zixuan, which led many netizens to criticize Forbes for being unreliable.

In fact, Forbes was also wronged. After the news of Wang Zixuan losing 300 million RMB was exposed online, Forbes contacted Wang Liangming, but Wang Liangming refused to reveal his wealth.

Since the Hengshi Group was not listed, Forbes found it difficult to estimate Wang Liangming's wealth and could not just make up a number, so they did not include Wang Liangming in the list.

If it were not for the 500 million RMB that Wang Zixuan had not yet transferred for his second donation, he would have already surpassed the current richest person in mainland China.

However, with Wang Zixuan's earning speed, becoming the richest person was not in doubt.

Wang Zixuan's quick closure of 13 million short positions also halted the decline of London gold.

However, after being brutally hit by Wang Zixuan, the bulls lost their courage and only built positions at lower levels.

The bears, affected by Wang Zixuan's large-scale closure, did not continue to push down.

The entire market seemed to be under the shadow of Wang Zixuan's ferocity, fluctuating slightly at lower levels, closing down 3%.

"The Chinese Predator wreaks havoc again, sweeping up billions of dollars."

"The Chinese genius may have a net worth exceeding $10 billion."

"The Chinese Predator defeats European funds, leading the gold market trend."

While the media was buzzing, the investment community also gained a deeper impression of Wang Zixuan's precise insight and brutal trading style.

After this battle, Wang Zixuan's 10 million short positions were worth over $110 billion, but his three accounts' assets had swelled to $18 billion, with an actual leverage of only 6 times, capable of withstanding a 10% fluctuation in the gold price.

The trend of London gold adjusting had already formed, and no amount of capital could reverse it.

Wang Zixuan had a good sleep. When he woke up, he found that his Weibo was flooded with comments, all asking if he had become the richest person in mainland China.

During this period, domestic media had developed the habit of searching for news from American media.

Online media was especially quick. As soon as American media reported, major websites had related news.

Today, the front pages of major websites all had similar news: Wang Zixuan might have become the richest person in mainland China.

On November 27, Wang Zixuan had posted a screenshot showing he had made 110 times his initial investment in 60 days, which was only 2.2 billion RMB. In just seven trading days, could he have surpassed Wang Chuanfu's 39.6 billion RMB?

With this doubt, many people went to Wang Zixuan's Weibo to leave comments, and some even registered new accounts.

Wang Zixuan did not hide and posted another Weibo: "It's not time to be arrogant yet. We need to look at the world. I hope the approval for the Positive Energy Fund is completed soon. I will donate another 4 billion, to make it a round number."

His fans were stunned.

"Hubby is so dominant, is he challenging the world's richest person?"

"Hubby, I love you."

"Hubby, I love you."

"Too cruel. Who will dare to say 'make it a round number' in the future!"

"Make it a round number! I'm kneeling."

"Fan group: 72809621."

"Turns out a round number is 10 billion!"

"Domineering, turns out billionaires are just a bit richer."

"Still the same formula, still the same spendthrift."

(Thank you to the reader "Fushou Jianzhiya" for the 100 RMB tip. We've made it to the homepage new book list, thanks to all the readers for your support. After 12 days of publishing, we've made it to the homepage signed author new book list. Finally, I can show off a little. But we made it without any recommendations, so we could be overtaken at any time. If you have votes, please continue to support us, let's fly higher!!)

;