Chapter 339 What does he want to do
Oslan and Zhou Ming announced one after another that they would auction iron ore. These two news not only shocked the big names in Windsor Castle, but also became the hottest topics in the investment circle. In the cafes and taverns where investors often gather, everyone was talking about it with relish since the morning.
"Luxembourg is worthy of being the best place in Europe to invest. You see, in the past half month, they have almost all the news about our London financial investment sector. First, they killed so many investors with tens of millions of tons of delivery, and now they are going to auction iron ore, which is tens of millions of iron ore. They are probably the only ones who can make such a move and be qualified to do so. God knows how many records they have refreshed."
"I have a deep understanding of this matter. A person who is so powerful in our boss has always had a very accurate judgment on the market, but this time I was still cheated. In those days, the boss was so depressed that he almost had to dissolve the company."
"Although Luxembourg is very powerful, the Zarago Fund Company's alliance is also very good. I heard that the reason why Luxembourg was forced to auction ore was because all the warehouses were rented out first. Their ore had no place to be placed, so they could only auction them. Otherwise, I think they should have other plans for their ore."
"That can also prove that Luxembourg's response is excellent. Auction ore not only directly solves the ore storage problem, but also can use the connection between futures and spot markets to continue to push up futures prices. What about the Zarago Fund? He can only follow Luxembourg to do what he repeated. I have to say that this behavior is disgusting!"
"But no matter what, both Luxembourg and Zarago Fund are selling iron ore in the market. Then the corresponding futures market price will definitely have a peak. At this time, you must buy the contract!"
"Who doesn't want iron ore contracts? But the problem is that there are no contracts on the market now, and they are firmly held by major investment institutions in their hands and waiting to make money! Occasionally, a few of them were exposed and they were speculated at sky-high prices, which were not something we could buy. But I'm very curious. What would they be in Luxembourg's attitude to know that someone imitated themselves like this behind their backs?"
"I think they will be very happy, thinking that they are giving themselves a big gift."
...
"These ghostly guys are so hateful!"
In the room of Red Fort, Opold cursed with resentment. Oslan sat in the seat next to him and frowned. Their investment manager Mihawk stood beside him and didn't dare to show up.
Oslan waved his hand and told Opold not to say anything more, then Oslan asked Mihawk: "What do you think is the reason for him to do this?"
Mihawk thought carefully for a while and shook his head and replied: "I'm very sorry Mr. Oslan. I don't understand the meaning of this, because it's impossible to say that he is helping us push up futures prices. In that case, he should have kept the futures in his hand. It doesn't make sense now..."
Before Mihawk finished his words, Opold interrupted him and said, "Father, I don't think this has to be considered. We just need to understand that he is targeting us. If they really like to imitate so much, we will let them imitate. It is definitely not possible to always be rooted behind others' ass!"
"The analysis is very good, so how do you think we should improve it?" Oslan asked suddenly.
Faced with this problem, Opold was stunned. After all, he was just venting the same scolding, but it would not work if he really wanted to find a way.
Of course, Oslan didn't really expect him. After thinking about it carefully, he made a decision: "We can try to sell less for the auction this afternoon, and see what they plan to say first."
Compared to Oslan, Opold and Mihawk had their minds blank, so he could only say whatever he could do.
...
It was soon afternoon, and Opold and Mihawk came to Sanmier Auction. He was not far from the London Metal Exchange and was a well-known resource auction house. Many goods that did not meet the standard requirements and could not enter the exchange would be taken here for auction. There were also many people who were eager to cash out after delivery of the physical goods or for other reasons.
Since Luxembourg has created a lot of news in the London financial market recently, many reporters have been waiting at the door of the Sanmier Auction House. When they saw Opold and Mihawk get out of the car, they flocked to ask questions such as "What do you think of the Zarago Fund Company following the auction?", "They are competing maliciously", "Will you change anything?"
In response, Oppod and his team walked all the way to the door of the auction house under the escort of the bodyguards. He suddenly stopped and turned around and said, "I already know that someone is going to auction the iron ore delivered with us. I think this is a very cute behavior, because simple imitation is a very low-level practice, but from the standpoint of the Luxembourg Steel Group, I am very happy to see such behavior because it can bring great benefits to the group. Perhaps I will thank them in the future."
With Opold's words, the entire interview was filled with a joyful atmosphere, but Opold only said this and entered the auction house.
A few minutes later, Zhou Ming and Alfonso York also came to the Sanmir Auction House. As the other protagonists of the matter, they naturally received the attention of the media. When they got out of the car, countless microphones were immediately handed in front of them.
"Mr. Alfonso, why do you think of auctioning the iron ore with the Luxembourg Group? Is there any purpose? Just now, Mr. Opold said that he really wanted to thank you, saying that your current practice has given them great help. I wonder what you think? He also said that your imitation is very low-level, what do you think?"
Faced with the questions from these reporters, Alfonso directly expressed his opinion after getting Zhou Ming's approval: "My opinion is very simple. They all know nothing about Oppode Luxembourg Group. I will tell them what investment is!"
With Alfonso's speech, the scene was in an uproar. No one expected that they would dare to say this. Isn't this public challenge to the Luxembourg Group?
However, Alfonso only said one sentence and left. No matter how the reporters continued to ask, they didn't say anything anymore. But even though it was just one sentence, it caused an uproar.
This time, due to the influence of news and public opinion, many big names in the investment industry also came to participate in the auction. When they heard Alfonso making such a "dominate" declaration at the door, they all shook their heads one by one.
"This Alfonso is too self-righteous. Does he think that buying those warehouses in front of Opold is considered a victory? Then he is too inflated. Such a person is doomed to fail."
"I know this Alfonso. He didn't have such a personality before. He was also very low-key and humble. How could he be so arrogant today? Do he really think that he would be invincible if he defeated the Luxembourg Group by chance? If this is true, I can only say that he is really superficial and incompetent. Such an attitude will definitely suffer."
"It seems that Alfonso and the others are finished. If they were just like this, there would be at least a hundred ways to kill him on Oslan. I believe this very much!"
"Did you see a Chinese man following Alfonso and the others? I think this is probably his idea. Those Chinese are just making random ideas like this. I really don't know how Alfonso would believe their judgment. Please, how could that barbaric country know how to invest?"
Many of these investors' words were included by those reporters. After all, they are all very investing. Since they cannot interview real masters like Opold and Alfonso, their opinions can also be used as reference.
Half an hour later, everyone entered the auction, and soon the huge auction venue was filled with them. Zhou Ming, Alfonsoyak and Oppodmihawk sat on both sides of the front row.
Opold took the initiative to wave to Alfonso. This scene fell into the eyes of the reporters and investors behind him, and there was a lot of praise: "Look! That is worthy of being the Grand Prix of Luxembourg. How polite. Even if you know it is an opponent, you must maintain the most basic etiquette. If you look at Alfonso, you will be proud of a group of despicable speculative bastards!"
Zhou Ming and Alfonso York could only turn a deaf ear to the words behind him. God knows what they used as the criterion for judgment.
A few minutes later, the scene became quiet as the auctioneer entered the venue.
The auctioneer announced that the first item was jointly provided by ten investment companies including Zarago Fund, and 200,000 tons of No. 66 iron ore from Brazil's Iron Four Corner, which will be delivered tomorrow. The starting price is 16 pounds per ton, and the price is 0.1 pounds per pound.
When the goods, starting price and auction rules were announced, the scene was in an uproar. Although many people had already learned some news before coming in, it was still surprising that they heard it with their own ears.
"I didn't expect Alfonso and the others to really want to auction iron ore? That's 200,000 tons. Where did they get so many futures contracts? I always thought that Luxembourg Steel Group had to deliver 10 million iron ore at once, but there was no iron ore on the metal exchange. Even if there was still someone holding it tightly in his hands, waiting for the price to rise!"
"Compared with the 200,000 tons contract they found, I'm more curious why they had to open a £16 base price. Although it was just a reserve price and the auction would definitely increase, the price was still too low. You should know that even if so many big investors were shorted together in the futures market, he was still a long way from £16. Why would he have to set such a low price for auction now?"
"Yes! I can't figure it out at all. If Oppode and the others set such a price, I can understand. After all, they were originally for this purpose, but you, Alfonso, you are just for speculation. How could you do this? Are you helping them instead?"
Not only were the whispers and whispers from the people behind them, but even Opold and Mihawk looked confused and didn't understand.
Chapter completed!