100: Chapter 100 Technological Collapse, Gold and Crude Oil Price Surge (Part 2)

[Conflict in Eastern Ukraine expands, exchange of fire escalates, geopolitical risk suddenly rises]

Almost at the same time, the market on the large screen instantly began to fluctuate violently:

comex gold shot up in a straight line, with its increase exceeding 3%, charging all the way higher;

nymex crude oil was not to be outdone either, rising by over 4%, constantly refreshing recent highs;

Meanwhile, the Nasdaq Index completely collapsed, with its decline expanding to 2.1%; Amazon fell over 15%, and both Facebook and Twitter saw drops exceeding 10%.

"It's up! Gold and crude oil are all up!"

Although he had followed President Chen on many large orders, seeing this scene was still very exciting.

"President Chen, the floating profits on the long positions have also started! Now the gold long positions have made a huge profit of 18%, crude oil long positions have earned 22%, and the floating profit on the short positions is already at 42%!"

Chen Mo glanced at the floating profit numbers on the big screen and said:

"This is just the beginning; everything is just numbers on the surface."

Zhao Yuan said from the side, "Those Wall Street capitals previously held heavy long positions in tech stocks. Now they've probably lost so much they're down to their underwear; they've likely started being forced to reduce their positions."

At this moment, Zhao Yuan heard the report from the trading room through his headset:

"Manager Zhao! A large number of closing orders have appeared on the us stocks board. It should be Wall Street institutions being forced to reduce positions. Many hedge funds can't hold on and have started closing positions to stop losses!"

Zhao Yuan's eyes lit up. He then transferred the data to the big screen while reporting the news to Chen Mo, saying:

"President Chen, our short positions can now eat up their stop-loss orders!"

"Otherwise, why do you think I told you to add more positions the further they fall?"

Chen Mo laughed.

"I prepared 3 billion US dollars specifically to go after their stop-loss orders. I haven't paid attention to those Wall Street capitals for a while, and they've been quite arrogant. It's time to teach them a lesson."

Zhao Yuan suddenly realized, shouting in his heart: So satisfying! So satisfying!

"This is so cathartic! It used to be them harvesting others; now it's our turn to harvest them!"

"Summarize how much the total floating profit is!" Chen Mo said.

Zhao Yuan picked up a tablet, calculated quickly, and then said:

"President Chen, currently the tech stock short positions have a principal of 3 billion, with a floating profit of 42%, which is 1.26 billion US dollars;"

"The gold and crude oil long positions have a principal of 2 billion, with a floating profit of 20%, which is 400 million US dollars;"

"The total floating profit is 1.66 billion!"

Chen Mo waved his hand and said dismissively:

"This is only the medium-term floating profit. The market movement isn't over yet. No reducing positions; keep holding for me. Tech stocks haven't bottomed out yet, and gold and crude oil haven't peaked. Wait a bit longer."

Zhao Yuan paused for a moment and replied, "Understood, President Chen!"

Chen Mo saw that Zhao Yuan still had a bit of doubt, so he asked with a smile:

"Zhao Yuan, let me ask you: Has the valuation bubble of tech stocks burst? Has the conflict in Ukraine ended? Has the Federal Reserve's expectation of tightening QE changed?"

These three questions made Zhao Yuan realize the situation. He hurriedly shook his head and said:

"No, none of them."

"Then that's right."

Chen Mo continued:

"The core factors of this market trend are these three. As long as these three factors don't change, the trend won't stop. If we want to earn, we earn until the end. Of course, we won't follow it to the very end—we run when we should. We must never try to earn the very last penny. When I say 'earn until the end,' I mean the market trend hasn't reached its limit yet."

"Understood! President Chen!"

Zhao Yuan said.

President Chen's vision was indeed incomparable to theirs.

During the time Chen Mo and Zhao Yuan were talking, the sounds of wailing, complaining, asking for help, and joy in the forums were intertwined:

"It's over, it's over! Gold has risen again! I thought there would be a correction just now, so I shorted gold. Now I've been margin called directly; even my house down payment is gone!"

"crude oil is also going crazy, the increase is almost 5%. I went long on crude oil before, and now I'm making a fortune!"

"Tech stocks are still falling! Amazon has dropped over 16%. The stocks I held heavily now only have pocket change left. I really want to cry!"

"What on earth are the Wall Street institutions doing? Why aren't they saving the market?"

"Did they run away a long time ago, leaving only us retail investors to be harvested?"

"The two idiots above, expecting Wall Street to save the market is less likely than the Jade Emperor showing up!"

"I heard there's big money shorting tech stocks and going long on gold and crude oil at the same time. Who is this? This is too amazing; they accurately hit every market move!"

"No matter who it is, it's definitely not us retail investors. We can only be harvested!"

"Is there any big shot who can save me? I've already lost all my savings and owe external debts. I can't go on like this!"

"Don't even think about it. The big shots are all busy making money; who would care about us retail investors? Just accept the loss and never touch stocks or futures again!"

Chen Mo sat to the side, no longer paying attention to the discussions in those forums.

Zhao Yuan stood to the side, looking at the soaring floating profit numbers on the big screen, and then at the wailing on the big screen, feeling a myriad of emotions in his heart:

Facing the same global financial storm, some people lose everything, while others are harvesting frantically. This is the gap!

Unknowingly, the us stocks were approaching the market close. The market on the big screen was still falling where it fell and rising where it rose:

The Nasdaq Index's decline expanded to 2.8%, Amazon fell over 18%, and Facebook and Twitter's declines exceeded 12%;

comex gold's increase exceeded 5%, nymex crude oil's increase approached 6%, and the floating profit numbers were still constantly rising.

After the us stocks closed, Zhao Yuan reported:

"President Chen, the total floating profit has now reached 2.5 billion US dollars, and it's still rising!"

Chen Mo looked at the floating profit numbers on the big screen and said:

"This is just the beginning. For the Wall Street feast, only the first course has been served. There's more to come."