I’m in Hollywood Chapter 368: A certain moment
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Because of the large amount of capital injection and Eric ’s “willful” requirements, the trading team began to increase the input of crude oil Petroleum in the following days, and expanded the original daily investment by more than 30 million USD.
As of mid-July, Eric has invested heavily in 250 million USD in the Petroleum market, because the price of crude oil has been fluctuating up and down for the past two weeks, and the money has not increased in value. Chris is therefore more worried.
On July 16, early in the morning, a piece of news published on 《The New York Times》 quickly spread throughout the world.
On July 16, local time, United States in the early hours of July 16, Eastern Time, an elite Soviet armored tank division of the Soviet Republic and the National Guard suddenly assembled at the Iraq-Kuwait border, and at the same time, Iko negotiated bilaterally Astonishing news once again came out that Iraq President Saddam Hussein proposed a new one, not only requesting Kuwait to waive the previous 14billion USD loan, but also requesting Kuwait to compensate 2.4 billion USD for the "stolen Iraqi oil".
Western countries that have always been concerned about the situation in the Middle East have not responded, and the most sensitive financial markets have begun to experience dramatic fluctuations.
On July 16, it was just another new week. After the opening of several major Petroleum exchanges in the world, the price of crude oil that had been hovering between 18 and 20USD per barrel quickly broke through the 20USD mark in less than two hours. It has already rushed to 21USD, and the whole day later, the price of crude oil did not fall again. At the close of the day, it stayed at a high of 21.4USD, an increase of 7%.
In the evening, the father of Jeffrey did not return to the apartment of Chris, but gathered in the hotel suite of Eric. Chris was not happy because the crude oil price skyrocketed today, and the Eric account surplus reached 1.7.5 billion USD in just one day, but he was even more worried. .
The fax machine in the suite is buzzing, and one piece of the piece comes out continuously.
Jeffrey, Chris, and Eric all silently read the pieces from fax machine, except that Drew still nestled on the sofa watching TV.
“That ’s all the news I can get to, Eric.” I circulated all the pieces to one side, and Chris only said: “You have also seen that almost all experts on military issues think that this is Iraq ’s bluff and war broke out. The possibility is very small. This armored division equipped with a Soviet-made t72 tank is enough to push Kuwait down. Iraq wants to invade Kuwait, and it does not need to send the ace of the National Guard, such as an ordinary infantry division. Take down Kuwait City. Saddam did this, more just wanting to blackmail more benefits. "
"I still stick to my initial guess."
"Eric. I will see the news tomorrow, and the corresponding crude oil price will fall again. In order not to let the money made today be thrown out again, I suggest to start selling tomorrow morning, so maybe we can still keep around 100 million USD Profit. "
"No, keep buying, Chris, I feel the time is getting closer and closer."
Chris glanced at Jeffrey who did n’t understand the conversation between the two before saying, "Then, there will definitely be more dramatic fluctuations in crude oil prices in the future. I need to have sufficient reserve margin in my account."
Eric knows that Chris is telling the truth. Compared with the first two weeks of July when the price change is not big, with the participation of the Middle East and Western countries, the fluctuation of crude oil prices will become more severe in the second half of the year: "No problem, this you You can operate according to the situation. "
Seeing Eric no longer stubborn, Chris was relieved.
On July 17, the analysis chapter that Eric and others saw the night before appeared on the main newspaper pages of countries all over the world, and even a senior official of the Ministry of Defense of United States, in a TV interview, publicly agreed that Iraq would never submit to Kuwait. The argument of using force. Because of this view, the price of crude oil Petroleum fell back to 20.7USD. Fell 3%.
But the following week, crude oil prices began to rise slowly again, because Iraq deployed an elite armored division after the Iko border, and not only did not stop. Instead, it continued to increase troops, and within a week, Iraq ’s 100,000 army had gathered on the Iko border.
Kuwait ’s head of state, Emir, finally could n’t sit down and began begging for the good offices of the heads of state of the brotherly Arab countries.
On July 22, Egypt President Mubarak visited Baghdad to speak for Kuwaiti Emir and did not receive any promises from Saddam. Soon he left in a hurry, then, Paler Stan Liberation Front Chairman Arafat followed up to visit Baghdad, Saddam had a warm hospitality, and when he saw him off, he only asked Arafat to bring a word to Emile, which was very simple. : Pay for it.
Although until now, most Western countries still insist that Saddam will not use force against Kuwait, but in the face of the aggressiveness of Iraq, on July 24, the United States aircraft carrier fleet in the Persian Gulf and the UAE jointly held a joint Military exercises.
At this time, the international crude oil price has risen to 23USD. Compared with a week ago, the increase was as high as 15%. The principal invested in the Petroleum market by Eric also reached 400 million USD, and the weekly surplus was as high as 500 million USD. This horrible profit is crazy. However, Chris has persuaded Eric to close more than once, because as long as there is a major turning point in the Middle East situation, the money may be lost again at any time.
United States seems to have played a role in deterring Iraq ’s military exercises. The next day, Saddam urgently summoned United States Ambassador to Iraq Aprier Glass and Saddam when facing this Arab-American woman The ambassador solemnly promised that Iraq would never use force against Kuwait.
This news came out, it seems to be a turning point. In the next few days, the price of crude oil began to slowly decline again, and most investment institutions began to look at the decline in crude oil prices. In this case, more and more speculators began Crazy short sales, such as how many purchase contracts enter the market, will be quickly digested.
In the last week of the end of July, Eric will spend all of its 700 million USD capital, because of the decline in crude oil prices in the last week, the original 500 million USD surplus is also scarce.
Because Eric strongly insists on buying the last crude oil Petroleum contract up to 20 million USD, Chris is almost collapsed on the seat. The big bet of 700 million USD, 10 times leverage, almost no reserve margin, crude oil prices only drop Reaching 2USD, 700 million USD will instantly disappear, and if the price of crude oil falls more than 2USD, the Eric account will burst, but this 700 million USD will be swallowed by the capital market, Eric will also owe a large amount of funds to Petroleum.
At this point, a lot of things can't hide Jeffrey. old man was scared by the number 700 million USD for a while, but there was only one sigh left.
Los Angeles, Hollywood Many people are paying attention to Eric ’s every move, so the news of Ghost ’s weekly Box Office breaking 100 million is not so important. After the release of the highly controversial movie “Basic Instinct”, there is no Multimedia took the opportunity to attack him because of his Eric screenwriter identity.
Everyone seems to be waiting, waiting for a moment of final judgment.
Finally, the indifferent **** of time twisted his waist and stepped into Gerry in August 1990. (To be continued.) Xh118