"The bears don't seem to take the initiative to attack!"

Adam Fund London Trading Room, George Bruce's right-hand assistant Walter, saw that the price of LME copper was shrinking in the upward phase, and he couldn't help but say: "The rebound trend is shrinking in volume, and the main bears in the market are obviously choosing to wait and see at this time."

“They don’t want to waste their money either.”

Seeing that LME copper had recovered the 7,700 US dollar mark, George Bruce said: "Knowing that there is a demand for a rebound, it will only waste funds and cause major drawdowns. The person named Su is not a fool. It is not surprising that he knows these trading techniques and skills."

"However, this also indirectly shows that the shorts also know that they have too heavy positions and dare not waste their funds at will."

"Since the person surnamed Su retreated, we can take this opportunity to continue to raise the price of LME copper, recover the 7,800 USD and 7,900 USD, and form a counter-packet with yesterday."

"Today's sentiment has warmed up a little, the main bears retreated again, the market has shrunk, we are more aggressive, and it will not cost much money to regain the lost position."

"Every inch forward, our main bulls will have more funds, and everyone's confidence will be stronger."

"On the contrary, the funds of the main short sellers will be tightened and tightened."

"In terms of capital volume, they are not our opponents. After the previous wave of main killing, they must have accumulated huge short positions in their hands, and the funds they can use are not much."

"The stronger we approach, the more their funds are retreating, and the more space we have for longs."

"So, take advantage of the market's breathing opportunity and don't be polite, just keep fighting long positions up. The bears, today, do not have the power to counterattack."

George Bruce believes that the main short-selling force led by Su Yue.

The reason why we were able to gain an advantage in the early stage was that we almost forced the bulls to the point of stopping losses due to the right time and the huge market followers helped.

When the market plummeted, the market rebounded technically, and the huge volume of follow-up market subsided.

The main short-selling force led by Su Yue has become a "naked swimming" state, and it is impossible for them to be their opponent in the competition for the situation.

not to mention……

Things in Chile are about to be settled. The supply shortage will be favorable to the market at the latest tomorrow. At that time, the huge number of followers will be on their side.

Funding advantages, coupled with the influx of retail speculators and various hot money.

He really didn't know what else to resist the main short-selling force led by Su Yue, where to turn the situation around and suppress the price of LME copper.

This is London, and the variety they trade is LME copper.

The pricing power of commodities can only be dominated by capital giants like them. It is not the turn of Chinese capital, nor is it a turn of Chinese who is in his twenties who attempts to short the entire London.

The ‘Subprime mortgage storm’, the macro trend of the economy, cannot stop it, nor can they resist such huge waves.

But they can dominate the balance between supply and demand, good news and negative news on commodities.

The main force of Chinese capital, choosing LME copper as the main battlefield of long and short, can only be said to be extremely stupid mistake, it is a contempt and underestimating the ability of capital giants like them to control and manipulate the market.

Following George Bruce's orders.

Walter and traders used long positions to rush the price of LME copper upwards. At the same time, George Bruce also conveyed the same instructions to Wendell, Orland Capital, HSBC, Standard Chartered, Rand Securities, Yingjie Investment and other allies to jointly raise the price of LME copper and counterattack the shorts.

The bullish positions in the stock market and bond market have fallen, and everyone is unable to change, so they can only focus on this.

"Why is LME copper's counterattack so fast? It's a trend of counterattack yesterday's decline? It's really rare for such a large range to fluctuate."

The rapid rebound performance of LME copper attracted the attention of countless investors in an instant.

"It should be the main force to save himself, have you heard of it? Lloyds Bank held at least 70,000 LME copper long orders, and it plummeted in the previous two days. It should have fallen into a huge loss. Taking advantage of the warmer market sentiment today, it rebounded in volume, and quickly pulled up the LME copper price and narrowed the losses. It is also normal for it to take advantage of the warmth of the market today, and the volume rebounded.

"At least 70,000 LME copper long positions?"

"That's a total of more than one billion US dollars in capital investment. If you add at least 5 times the margin, this capital investment will probably cost tens of billions of dollars. Lloyd is so optimistic about the future of LME copper?"

"I heard that China's investment is not much smaller than this scale."

"I guess Lloyds Bank is not optimistic about the future of LME copper, but wants to hunt down Chinese capital, just like in 2005 when everyone encircled the "China National Reserve Bureau" holdings on LME copper."

"It's just that Lloyds Bank, it probably didn't expect that the 'sub-loan storm' would break out at this critical moment, completely trapping itself."

"Now the long and short sides are facing each other, and the funds are piled up."

"You can see that the long and short positions on LME copper are still growing."

"There must be an extremely shocking long-short battle here. I don't know whether Lloyds Bank can win, forcing Chinese stocks to cut positions on LME copper again and get out of London in shame, or whether Chinese stocks take advantage of the victory to further suppress the bulls by taking advantage of the negative "sub-loan" situation, and forced Lloyds Bank to stop losses and exit."

"The current market demand in the commodity futures market is still there, and the price should not fall sharply for the time being."

"It is hard to say that the relevant inventory data displayed on the Metal Exchange are from the past. The future of price reaction depends on future expectations."

"I think as long as a negative outbreak occurs, LME copper will definitely plummet."

"In these three consecutive days, LME copper rose from around two or three thousand US dollars to a maximum of 8,500 US dollars, which increased several times, but the demand in the global market has really soared several times. Can it continue to maintain this demand between the arrival of the "sub-prime mortgage" and the economic downturn? I don't see it."

"In this position, shorting is safer than longing."

"In order to snipe Chinese capital, Lloyds Bank actually held long positions on a large scale. I think they are going to be in trouble. It is recommended to stay away from Lloyds Bank's stocks and investment funds in the near future."

“Big capital is much more informed than ours.”

"What if there are any important positives in the market about LME copper that have not been released?"

"From historical data, China's participation in LME copper has never been successful in making money and leaving. They are all killed by various capitals and forced to stop losses and be eliminated."

"I heard that this time, not only Lloyds Bank participated, but also HSBC, Standard Chartered and other old banks, have many long positions on LME copper."

"Although the market trend is relatively short, I think there is no problem to be bullish in the short term."

"After big capital, you will definitely be able to eat meat."

"Chinese capital wants to gamble in London and reap huge profits and leave the market. Without this precedent, the capitals of various departments will not agree, and they will definitely encircle and suppress them wildly."

"Besides, the market has always been a small number of people making money, and most people losing money."

"At this time, there are obviously more bearish than bullish. If the market is really so easy to make money, then everyone will be rich, so... I think there is great potential for going long with big capital."

In the strong counterattack of bulls, many bulls, who were originally overwhelmingly bullish markets, who were thinking of buying at the bottom and following the trend of big capital to encircle and suppress Chinese capital, began to look up again and followed fearlessly.

When LME copper approached the $7,800 price, there was an expectation of reverse wrapping.

The trend of shrinking volume has begun to increase significantly, and the bulls that followed the trend are increasing sharply. A large number of followers and speculative funds have begun to enter the market to raise the sedan.

"Lin Feng, how many orders have we filled?"

In the London trading room of ‘Bentayga Capital’, Su Yue saw that the price of LME copper was approaching the position of $7,800, and realized that the followers' funds began to gather on a large scale. He knew that the bulls could no longer fight back like this and truly take advantage of the anti-blocking attitude. Otherwise, the main force of the bulls could instantly increase the price to $8,000 and return to the bulls' advantage range.

The more the psychology of retail investors is, the more they look at it, the more they are, the more they are, the more they are thinking about following the trend.

He cannot let the bulls and trends that have just been broken make a comeback, helping the main bulls to gain the advantage.

"It looks like more than 6,000 hands." Lin Feng said, "About 700 million US dollars have been liberated. Mr. Nie will be lower than us, but the gap should be small."

"Give me the freed $700 million in funds," Su Yue said in a deep voice, "Press the LME copper price to death at $7,800, and don't let the bulls continue to spread."

"It's OK to let them have fantasies."

"But they can't really cross the defense line and lose the advantages we have established in front of us."

"Okay!" Lin Feng nodded and quickly issued an order.

Su Yue also said the same order to the state-owned assets led by Mr. Nie and the Wall Street Capital led by Zhou Minghua, that the three-party coordination is a strategy that has been decided long ago.

After the instruction is issued, over time.

Short orders began to appear on a large scale around LME copper US$7,800, actively suppressing prices downward, further increasing trading volume.

"So the psychological defense line is here?"

Seeing the main bearer of the bears, George Bruce of Adam Fund smiled: "Let me see how much money you have in your hands, you can invest it!"

He whispered and ordered Walter: "Buy with short orders and cross the $7,800 mark before closing."

Walter Zheng focused his head and arranged it quickly.

After a few dozen seconds, the same instruction was transmitted to the main branches of the longs, so the longs and shorts were competing against each other again near the $7,800 mark.

The long and short positions on the market continued to surge to the close, with more than 40,000 new lots added.

In the end, the landing point of LME copper was at the $7792 price. Although it still failed to cross the $7800 mark, compared with the $7609 price yesterday, it has risen by almost $180, an increase of more than 2%, which can be regarded as a big counterattack.

Except for LME copper that recovered most of the lost land.

The stock market, bond market, main varieties, and major weight stocks are all slightly red and do not have a strong rebound. It is estimated that the subsequent market will still not be optimistic.

Waltergu of 'Pacific Asset Management'.

After obtaining the support funds of Allianz Capital Headquarters, it stabilized the losses in the bond market and began to build long positions in the foreign exchange market on a large scale.

In recent days, everyone has been paying attention to the stock market, bond market and futures market.

Few people noticed the trend of the pound against the US dollar, which has continued to strengthen for several days, from 2.0533 to 2.0660, up close to 130 points.

Although the increase is not very large, it is enough to illustrate some problems.

After Ampton of Orland Capital realized that the investment in the stock market and the FTSE 100 index could no longer reverse the decline in the short term, he also began to take advantage of the slight rebound to gradually withdraw from the stock market holdings and shift the focus of the capital to LME copper. He wanted to reversal the price of LME copper to reverse the huge losses in the stock market.

Both of them took strange moves, thinking about how to reverse the losses and get out completely.

At around 6:30 pm London time, the main leaders of the bulls who were enjoying dinner received good news from Chile almost at the same time.

The world-renowned fine copper smelting giant "Otto Copper".

Due to frequent internal safety accidents, it was decided to conduct annual comprehensive maintenance in advance and suspend production for about a month. This will directly reduce the supply in the short term and cause supply and demand tightness.
To be continued...