Chapter 28 of 100
Chapter 28
7 min read1,720 words
After eating, Wang Zixuan called to inquire about the company's preparations. The company he had set up specifically for the Positive Energy Fund and the Evolution Media were both in a building of the Hengshi Group. Wang Liangming had also assigned a few capable people to help him, so he didn't need to worry too much.
Since the company was established specifically for the charity fund, he didn't require it to be luxuriously decorated; simplicity and comfort were enough. Therefore, the preparations progressed quickly.
Wang Zixuan returned to his study, turned on his computer, and posted another Weibo: "After the Positive Energy Fund is approved, branches will be established in various provinces, and staff will be recruited locally. Friends from other regions don't need to travel long distances to the capital. The interview location on Friday is xxxxx, and the contact number is xxxxxx."
Seeing Wang Zixuan's Weibo, some fans who were planning to go to the capital canceled their original plans.
On the morning of the 9th, the Asian and Australian markets continued the downward trend from the previous day, with a slight decline. Wang Zixuan did not make any trades.
In the afternoon, after the European market opened, there were some bullish attempts to push the gold price up. This time, Wang Zixuan did not act immediately.
The bulls probed for several hours and saw that the short-selling force was not strong, and the Chinese Tyrant did not act again. When the U.S. market opened, they did not find any significant short sellers, so they aggressively pushed the gold price up.
Except for the sharp drop of nearly five points on November 27th, which quickly rebounded, Wang Zixuan had a special memory of this event. He didn't remember the specific trends for other times, but he had set his goal to play the London gold market until the end of the month. After falling from $1220 per ounce, there were no significant bullish trends in between.
So when the London gold price rose by 2%, Wang Zixuan sold another 1 million short contracts.
The $100 billion short position immediately caused the gold price to plummet sharply.
The Chinese Predator had made his move!
Such an unprofessional and brutal operation could only be attributed to Wang Zixuan.
During this period, Wang Zixuan's performance and wealth myth had attracted a batch of followers.
Some speculative funds immediately followed his short position, and the market was flooded with short contracts.
This time, the bulls seemed to be prepared and were not intimidated. They took on a large number of short contracts.
Seeing that some were following his moves, Wang Zixuan, unwilling to fail, gritted his teeth and sold another 1 million short contracts.
A 2% increase meant that the previous 1 million short contracts had lost $2.2 billion, and the three accounts still had $160 billion in funds.
3 million short contracts, valued at over $330 billion, with a leverage of 20 times.
To force a 5% increase and trigger a margin call, it would require a coordinated effort from major U.S. and European funds.
Of course, some large funds had much larger capital than Wang Zixuan, but their risk control was stricter, and they would not bet everything on one market. Even small funds investing in a single product would not operate with full leverage, as it could reach the fund's stop-loss line in just a few minutes.
This was the difference between international funds and Wang Zixuan.
The European bulls and Wang Zixuan were both nervously watching the market. The side that the U.S. market funds supported would win.
This time, the U.S. market funds sided with the trend. Although they also wanted to crush Wang Zixuan, the risk of going against the trend was too high.
Making money was their goal, and they didn't care from whom they made it.
After Wang Zixuan's second 1 million short contracts were sold, a large number of short contracts immediately flooded the market, instantly defeating the European bulls, and the gold price plummeted sharply.
In the rapid decline, the bulls could not close their positions and had to open short positions to reduce their losses.
Under the combined efforts, the gold price quickly fell by over $30.
All 2 million short contracts sold by Wang Zixuan that day were taken by the bulls, leaving him with 3 million short contracts.
This time, Wang Zixuan did not quickly close his positions but quietly closed 1 million short contracts during the short sellers' celebration.
Without Wang Zixuan's quick closure, the short sellers were emboldened and continued to push the gold price down.
At the close, London gold fell by $17, and from the intraday high, it had fallen by over $40.
Wang Zixuan's three accounts had $26.5 billion, holding 2 million short contracts valued at $220 billion, with an actual leverage of more than 8 times.
"Chinese Predator earns $10 billion in a day, countdown to world's richest man."
"European funds fall prey to the Chinese Predator again."
"Another crazy plunder."
Wang Zixuan's operation shocked the investment world, and earning $10 billion in a day made the Americans completely kneel.
John Paulson, the biggest winner of the subprime crisis, known as the "first person in hedge funds" and the "god of short sellers," only earned about $2 billion in 2007.
Wang Zixuan earned $10 billion in a day, and with the earnings from the previous days, his profits likely far exceeded John Paulson's annual income.
After Wang Zixuan's appearance, even legendary figures like Warren Buffett and George Soros paled in comparison.
"Honey, when do you plan to become the world's richest man?"
"Honey, I want to have a baby for you."
"Honey, I want to have a baby for you."
"Honey, I want to have a baby for you."
When Wang Zixuan woke up on the 10th, he saw countless shameless comments on Weibo.
"I've been staying up late for several days. I'm on strike, I need to rest."
Wang Zixuan's Weibo post immediately drew a large number of comments from netizens.
"Too capricious, you're on strike after earning $10 billion in a night!"
"Keep going for a few more days, then rest after becoming the richest man."
"Everyone is waiting for you to become the world's richest man!"
"Honey, don't overwork yourself!"
"So heartbroken, honey, you've worked hard. Please rest and post some beautiful photos."
"So heartbroken, honey, you've worked hard. Please rest and post some beautiful photos."
"So heartbroken, honey, you've worked hard. Please rest and post some beautiful photos."
The "wife" group instantly erupted, overwhelming other voices.
Wang Zixuan also wanted to become the world's richest man in one go, but he remembered that there were a few days of consolidation, and he wasn't sure he could change the market. It was a good time to rest.
In fact, Wang Zixuan had already altered some of the London gold trends over the past few days, but he only had a rough idea and didn't know that the decline in London gold had already been greater than in his previous life.
That day, Wang Zixuan spent the day reading in the garden, swimming, and exercising, taking a few beautiful photos and posting them on Weibo.
Wang Zixuan wasn't in a hurry, but someone else was.
During dinner, Wang Liangming asked, "How much is in the fund account now?"
Wang Zixuan replied, "Over $16 billion."
The Wang family hadn't asked about his operations in the past few days because the media reported daily, and they could roughly calculate his earnings, so they weren't surprised.
Wang Liangming shook his head and said, "Several people called me today to ask about the fund's returns. If they knew you made eight times in eight days, they would immediately increase their investment. It will be hard for you to rest."
In recent days, financial programs had been reporting on Wang Zixuan's news daily.
Seeing Wang Zixuan earn tens of billions and even $10 billion in a day, the wealthy investors couldn't sit still and were no longer satisfied with their initial small investments.
"Then I'll have someone register a fund, and Dad can help me raise funds."
Wang Zixuan's affairs were increasing, and Wang Liangming had already hired a legal team to assist him.
Wang Liangming said, "Many people want to hear your views on the economy. Why don't we host a banquet and raise funds at the same time?"
Small business owners might not care about economic trends, but at a certain level, it wasn't just about running a business.
Many companies had economists as advisors or independent directors because the development of the company was closely related to the economic situation.
Wang Zixuan's influence in the gold market and the continuous weakening of the euro, as he had predicted, made many people believe he had deep expertise in economics, not just theoretical knowledge.
Wang Zixuan wasn't afraid. In his previous life, he had watched financial news daily for investment purposes and was very clear about the economic trends of the next few years. He didn't need to debate with others; he just needed to provide his analysis and conclusions.
He couldn't hide forever. After some thought, he said, "On the 18th, I have to attend the Yanran Angel Charity Dinner, and then I'll go to Hainan to examine tourism resources. Let's just hold the banquet in Hainan to avoid political entanglements."
Wang Liangming had once told him that as long as he managed the fund well, he could do whatever he wanted, and the domestic elite wouldn't make things difficult for him, but he couldn't get involved in politics. No matter how much money he made for others, there would always be someone who would come after him.
Wang Zixuan knew about the political turmoil in the coming years. In the past few days, he had stayed home, operating the London gold market and avoiding any gatherings, partly to avoid politics.
The Wang family had also reached a consensus to move out of the capital and away from the political center.
Wang Liangming nodded and said, "Let's set it for the 25th, and we'll move on the 20th."
(Thank you to the book friends "Fushou Jianzhi" and "Fengzhong de Shehua" for the 100 RMB reward.)
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