Chapter 667: Soros' backhand

Oliver started to short the platinum futures with the funds allocated to him by Ye Su.
This time he had 30 billion U.S. dollars in funds in his hands. Such a large amount of money flooded into the futures market, causing a huge reaction in an instant.
Continuous shots released a large number of empty orders, so that the price of platinum continued to fall, and soon reached the lowest point this year.
Now the price of platinum is about to fall below the lowest price in history, which has greatly affected the international platinum trading market.
Especially those businessmen who do platinum business, are now constantly scolding their mothers.
The price of platinum fell and their losses were great, and some merchants who sold platinum even went bankrupt.
These businessmen who specialize in platinum business, this time can be said to be innocent.
Originally, the futures war had nothing to do with them, but because of the war in the futures market, it affected the platinum price in reality.
This situation is actually very normal. Every fluctuation in the financial market will in turn affect the real economy.
There is a smell of gunpowder in the City of London now, and being in it is like being on a battlefield.
The atmosphere in the entire City of London has been completely different due to the war in the platinum futures market during this period.
The people here are all people in the financial circle. Even if they are not involved in the futures market, they have a clear understanding of this incident.
After all, this is a battle in which both sides have mobilized tens of billions of dollars. It is very difficult if you want to know.
People in the Financial City are now discussing the futures war and the inside information about this war.
The two sides of this futures war are already clear to everyone. One is the myth of the financial industry, Soros and his allies, and the other is Ye Su, the most dazzling young man.
What everyone did not expect was that Soros would be at a disadvantage now.
Now the platinum price has fallen to an extremely low level and will soon reach the lowest price in history.
The current price of platinum means that many parties are about to lose, which means that Soros has been forced into a desperate situation.
If all futures are settled at this price, Soros will lose at least 20 billion U.S. dollars.
All of the 20 billion US dollars that Soros lost, except for the unexpected handling fee for the exchange, had to fall into Ye Su's pocket.
This is the cruel side of the futures market. After all, futures is a zero-sum game. If someone makes money, someone loses.
If now is the futures delivery date, Soros can already surrender.
Fortunately, there is still a period of time before the futures delivery date, and Soros still has a chance to turn around.
The delivery date of the futures is the date of settlement of the futures, and then everyone will clear the orders in the hand.
If the price rises, then you will make money with more orders, otherwise, you will make money with empty orders.
How much money you earn depends on the intermediate price difference. The more the price difference, the more you earn.
If platinum is used to deliver futures at such a low price, Soros is afraid that he will lose money to his grandmother's house.
It's just that there is still a period of time before delivery, and I don't know what Soros has to come back.
At this time, there was a bleak scene in the office of the Quantum Fund.
These staff members are well aware of the recent situation, and they are now in crisis.
At this time, a staff member was reporting the current situation to Soros. From his face, you can see how bad the situation is now.
"Mr. Soros, our funds are now completely exhausted, and the situation on the side of our allies is similar."
"If this continues, we will soon be liquidated, and then we will lose completely."
After this period of crazy longing, all the funds in their hands have been exhausted.
However, their opponents have sufficient funds, and they continue to release a large number of empty orders, and there is no sign of the funds drying up.
Now they no longer have the power to continue their offense, and can only watch their opponents continue to suppress the price of platinum.
Soros was sitting in his favorite chair now, listening to the report under him without speaking.
This time Soros admitted that he had really miscalculated. He did not expect Ye Su's funds to be so sufficient.
He knew that Genesis Group’s assets were huge, but he did not expect that there would be so much cash that could be transferred.
Generally speaking, a company will not keep too much cash, and the excess money will be used for investment or expansion of the company.
An industrialist like Ye Su could have so much cash, something Soros had never thought of before.
This time, Ye Su gave out 60 billion U.S. dollars at a time, but it did not affect the operations of the Genesis Group at all, as if it could still spend tens of billions.
Such bottomless funds made Soros feel a little scared.
It's not that he can't raise money now. If he is willing to put his face down, tens of billions of funds can still be raised.
But he was afraid that even if he added additional funds, Ye Su would be able to spend several times his money.
Now he is not afraid to continue to invest more, because no amount of money can compare to Ye Su's side.
But if he let him give up like this, Soros would definitely not want to.
Soros has not been defeated in the financial field for so many years. It is a shame to lose to the layman Ye Su this time.
The most important thing is that he was still crushed to death by Ye Su's funds. Soros didn't want to see this feeling of being humiliated by money.
"Don't continue to release long orders. Just keep the long orders in our hands. We can't afford to continue investing."
"I will think of other ways to see if I can stir up the price of platinum."
Soros finally reluctantly explained a few words to his men, and then fell into deep contemplation.
He is not ready to take a shot in the futures market now. He wants to defeat his opponent in other ways.
This is Soros' backhand, and now Ye Su has forced Soros to use the last hole card.