Chapter 129: Chapter 129: Gold Futures (3rd Update!)
Monday.
Without Lin Yun's interference, the share price of Tianyu Group had risen rapidly.
Lin Yun also took the opportunity to purchase a large amount of shares.
Through previous trading maneuvers, he had invested a total of approximately 400 million, affording him not only 20% of Tianyu Group's shares but also a return of 800 million - a terrifying profit.
With witnessing someone making large purchases, negative information about Tianyu Group on the internet disappeared. News of Tianyu Group signing a contract with Qingyun Power Bank surfaced, motivating many investors. The shareholders of Tianyu Group felt relieved, and started investing capital as well.
The stock price of Tianyu Group had dropped significantly. If it could return to its original value, it would quadruple. Even if it could only reach half of the original price, it would double. Now was the time to invest, or when?
Unfortunately, Lin Yun was ahead of them. By the time they acted, it was already too late. The stock price of Tianyu Group soon reached the upper price limit.
After Tianyu Group's major shareholder, Zhang Zhongguo, committed suicide, many investors realized that Tianyu Group's crisis was likely over. Some started focusing on the group's stocks. It seemed like a good omen today?
Lin Yun was no longer concerned about Tianyu Group's shares. His recent acquisitions granted him an additional 10% of the Group's shares.
Presently, he owned 30% of Tianyu Group's shares.
Of course, it costed nearly 300 million, and his account balance was slightly over 500 million.
Lin Yun distributed more than 2 million as bonuses to several traders. Adding their salaries, each received 500,000.
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While the amount seemed terrifying, this was the trader's standard. The boss earned billions, so giving them just a few hundred thousands as bonuses was too stingy. The more the boss earned, the more he should distribute. It's a norm in the industry.
Actually, given that Lin Yun largely commanded most of the actions and the short trading period, the bonus ratio was quite fair.
Many powerful entities would trade a single stock for months, even half a year.
Originally, Lin Yun and they had agreed on half a month, but ended up working for more than twenty days. For each trader to earn 500,000 over twenty days was very exciting.
Although they knew Lin Yun made a great deal of money, the majority of commands were orchestrated by Lin Yun. Without his guidance, they wouldn't have made so much profit. They even doubted whether they would have earned anything at all.
When they first started, they had the mindset of only receiving basic salaries.
Now, each received 500,000, ten times their basic salaries. How could they not be happy?
"Next, I plan to trade foreign futures. Are you willing to continue working with me?" Lin Yun asked with a slight smile.
"We're willing!" The six men nodded in unison.
Perhaps the bonus ratio that Lin Yun offered was small, but they didn't contribute much, mostly obeying commands. Considering these conditions, they thought Lin Yun was being generous with their earnings as it was.
During these days, they realized that Lin Yun had immense strength in this industry. This was true power. Under such circumstances, they'd be fools to refuse!
If they could receive hundreds of thousands in rewards every month, that would amount to millions in a year!
They were ordinary traders and had never encountered such an opportunity before. Perhaps, this was their chance!
"Alright, here are some accounts; start trading on gold first, mainly bullish…" Lin Yun nodded and spoke.
While he spoke, he handed them a slip of paper with accounts for trading in the foreign futures market.
After studying more advanced computer technology, he found it hard to encounter anything he couldn't do on the Earth's internet network.
Applying for these sorts of accounts was a simple task.
At times, he could hack into some banks' networks to transfer money at will.
However, such actions could be easily discovered.
After all, with small-amount operations, it's unnecessary. Large-amount operations would alert the banks due to the abnormality in account balances and funds. Banks would definitely notice such irregularities.
Such irregularities couldn't be erased through internet technology.
Banks had limited funds. Accounts that hadn't been touched for decades, whose owners could be deceased, had a certain total amount. As soon as a mass irregularity occurred, banks could easily spot it. Moreover, which bank didn't have its information stored off the network?
A comparison between the old and new information would reveal anomalies.
If he could earn money legitimately, why wouldn't he choose to do so?
"Yes, boss!" The six traders nodded in unison.
They were all professional traders. They had been monitoring the foreign futures market and knew how to operate it. They immediately logged in to the corresponding software installed on their computers.
"Gold…" a trader murmured.
In the past several years, gold prices had been on the rise, reaching nearly 400 Huaxia currency per gram, but in recent years, gold prices had been falling, to about 260 Huaxia currency per gram. It seemed like a good idea to go bullish at the moment?
More than 500 million Huaxia currency was transferred out, but Lin Yun changed it to US dollars through a certain channel before transferring it to these accounts.
The exchange rate between Huaxia currency and US dollar was six to one.
More than 500 million Huaxia currency, together with some Huaxia currency in his account, was exchanged for 90 million US dollars in total.
These funds might not have caused a stir in the foreign futures market.
However, they could have sparked a minor wave in the gold market in a short period.
"Hmm? Wait…" Just then, Lin Yun furrowed his brows and stopped the traders.
"Let's go short first," Lin Yun said.
At this moment, he noticed that the current gold price had already reached a good point to go short.
Many data points followed regular patterns. After learning about the basic futures market knowledge on Earth, he grew familiar with these data patterns. Under normal circumstances, these data patterns were relatively accurate. He planned to practice using these data patterns.
"Okay." The six traders nodded.
They would do whatever the boss said.
However, they were curious at this point.
Lin Yun had just told them to go bullish, but now he was telling them to go short. Did he observe some data that made him change his mind?
With this thought, their curiosity grew.
Under their operation, one short order after another was put out. Their operation was professional, making the short orders appear natural without attracting the market's attention.
When they had spent about 30 million US dollars from the accounts they were operating, gold prices had already fallen significantly.