Chapter 237 Silver Storm: The Last Madness!

Li Changhe originally thought that this meeting would focus on literary discussions.

But when the dinner started, he found out he was totally wrong.

Discuss literature?

That doesn't exist.

During the entire dinner, Lu Yao only talked about two things with them.

The first thing he did was to complain and talk about the difficulties in his family. His and his new wife's personalities were not complementary and they were not compatible with each other, so now the two of them were actually struggling.

But the upcoming child diluted this struggle, leaving them with expectations in their hearts.

Li Changhe was unable to judge this because he did not know much about the historical Lu Yao. He only remembered a few elements, such as the million-word novel "Ordinary World" and his early death.

He didn't know exactly how the other party died, he just remembered that the other party died quite early.

Seeing that Lu Yao smoked so heavily, Li Changhe guessed that it was probably because of tobacco.

The second thing they talked about was beyond Li Changhe's expectation, and that was the establishment of the government.

Yes, that’s right, let’s talk about integrity!
Li Changhe discovered that Lu Yao's interest in integrity far exceeded that in literature. To him, literature seemed to be just a means of making money and a living, not an unswerving passion.

This is very similar to Li Changhe's idea. His literary philosophy is actually mainly based on commercial writing.

Therefore, the four people's conversation throughout the night was almost entirely about political affairs.

"Economic development is inevitably guided by geopolitics, and economic conflicts strictly affect the geopolitical situation."

"One thing that is incomparable between the continental legal system and the maritime legal system is the self-correcting nature of the law."

"In the struggle between the Soviet Union and the United States, the Soviet Union must fall first. This is due to the economic models of both sides. The CMEA model of the Warsaw Pact is essentially a form of economic colonization."

When Lu Yao and his colleagues were still studying the domestic situation as a whole, Li Changhe seriously showed them what an international perspective was.

So much so that when the show ended, Lu Yao held Li Changhe's hand tightly.

"Changhe, I have only admired two people in my life, and they are both here tonight."

Upon hearing this, Li Changhe smiled at his "brother" beside him.

Of course, Li Changhe thought that Lu Yao said this perhaps because he helped Lu Yao arrange accommodation at the Beijing Hotel.

After eating and drinking, the four people dispersed and Li Changhe returned to his home.

After returning home, Li Changhe took a shower first, and then fell asleep soundly while holding his wife in his arms.

While Li Changhe was sleeping happily with Zhu Lin in his arms, on the other side of the ocean thousands of miles away, the silver storm had become increasingly violent.

The reason is that some traders whose contracts are about to expire find that they can no longer buy silver on the market.

Generally speaking, there are three solutions after the futures contract expires. The first one is physical trading.

What you bought from me is a silver contract. When it expires, I will just give you the physical silver.

This is also the method adopted by many futures traders, because the price of physical silver is not necessarily the same as the price of the futures contract, and there is room for profit differentials.

But now, they found that not only did the price of silver increase, but most importantly, it was no longer available.

At the beginning, only a few people discovered this period, but gradually, as the number of brokerage contracts expired and trading volume increased, more and more brokerages began to notice it.

Everyone was horrified to discover the fact that silver could no longer be bought.

At this moment, there was a silver shortage in the whole world.

At this point, the futures traders panicked, as they had clearly discovered that this was a huge trap.

Someone was hoarding a large amount of silver while pushing up the price of futures contracts.

Once they can no longer buy physical silver, they are left with two other options: cash transaction or transferring positions.

Cash trading means giving cash of equal value of silver according to the current market price. For futures traders, that means a huge loss of their profits.

Transferring positions means establishing a new futures contract and transferring the delivery time from the old contract to the new contract, which can buy them more time.

Otherwise, what awaits them is a margin call and they will have to pay liquidated damages.

As a result, the silver futures contract trading market suddenly became crazier.

All traders began to purchase more contracts, some trying to extend the contracts for expired ones, while others trying to be on the safe side also started buying up the contracts that had not yet expired.

The silver futures contract, which had been rising in price steadily, began its final crazy surge.

The price every day was higher than the previous one, and the entire futures contract trading market entered its final frenzy.

In the office, Porter went crazy when he heard the brokerage firm's quote for today.

"Twenty-nine dollars, my goodness, they're already at twenty-nine dollars an ounce."

“We’re making crazy money!”

The total number of contracts they hold now exceeds 4000, of course this includes all the contracts under Li Changhe and Bao Yugang.

The profits these contracts will bring them will exceed $300 million.

Even now, every dollar increase in the contract means millions of dollars in profit for them.

"Boss, why don't we take action now?"

“My heart can’t take it anymore.”

"You know, if I call tomorrow and hear that the contract price has dropped, I'm going to go crazy."

It has always been the nature of exchanges to chase rising prices and sell when prices fall. Once prices start to slide, it is very likely to mean a major collapse of contract prices.

At that time, even if they wanted to sell the contract, they might not be able to do so.

When the market is falling, short-selling hunters will never take over easily, but will just calmly watch them bleed to death.

"Damn it, don't ask me, just keep holding on." "I'll definitely be notified when the goods are released."

"Damn it I think we should get an E.R. doctor in here."

Potter said loudly at this time.

Although he said this, his face could not hide the joy that came from the bottom of his heart.

Let it go up!

Let it go up!

The higher the price goes, the bigger the bonus he gets.

By then, he can not only buy a big villa, but also the latest model of Cadillac.

Early in the morning, Li Changhe, who had a good sleep with his wife in his arms, was preparing to go out to buy breakfast for Zhu Lin.

As soon as he went downstairs, he saw someone in postal uniform riding a bicycle quickly coming up to him.

"Li Changhe, urgent telegram, please sign for it!"

There are two types of telegrams in this era: ordinary telegram and express telegram.

Normally, when Wells sent him telegrams, they were all ordinary telegrams, the kind that would arrive within 24 hours.

Expedited telegrams are the most urgent ones, with priority translation and delivery. They will usually be delivered to the recipient within three hours after being sent.

Even in the middle of the night, I will break down the door for you.

Therefore, the Beijing Telegraph Building at that time was a 24-hour business place.

The reason is that many telegrams are expedited and must be delivered as soon as possible regardless of the time.

So there is a 24-hour shift work in the telegraph building.

Of course, the price of this kind of expedited telegram is naturally extremely expensive.

Wells sent him an urgent telegram, most likely because something had happened in the silver market in the United States.

Sure enough, when Li Changhe signed for the message and saw it, there were only four simple words on it: Today, the 29th

Twenty-nine means that silver has reached twenty-nine dollars an ounce.

For Li Changhe, this is already a very clear signal.

This means that after several months of slow growth, the trading market in the United States has sensed a crisis.

The smart speculators must have guessed that someone had set a big net to catch them all.

At this time, their first reaction is definitely to escape.

They probably can’t buy spot silver, so the only way to save themselves is to buy new contracts and extend the period.

So what we can expect is that the price of silver contracts will enter the final crazy stage.

It is now November 11st, and the shipping time set by Li Changhe before this is December.

Of course, this time is not absolute, he will decide it at any time according to the price of silver.

According to his memory, silver will reach its price peak of 1 US dollars in January of next year, that is, January 1980!

But the same thing goes, he can't wait until the peak before shipping!

Even without the apex, Li Changhe didn't even want to show himself in the eyes of the Commodity Futures Trading Commission.

Therefore, $35-40 is the price range that Li Changhe is considering for shipment.

And now, we are very close to that range.

But there's no rush now.

Li Changhe went out to buy breakfast first, then carried the breakfast back upstairs and had breakfast with Zhu Lin.

Then he walked leisurely towards the telegraph building.

Fortunately, today is Saturday and he doesn’t have classes.

After arriving at the telegraph office, Li Changhe wrote a reply to Wei Ersi, which contained only five words.

Double expedited daily!
In other words, from today onwards, Li Changhe wanted Weiers to send him two urgent telegrams every day, which also meant that he had to accept quotations from both the morning and afternoon.

Of course, due to the time difference, the time he receives it must be in the evening and morning.

Li Changhe then informed his comrades at the telegraph office that all telegrams received in the evening could be directly put into his mailbox.

After all, you can't knock on the door every night.

In addition, this also means that Li Changhe can no longer live in the dormitory and has to return to the Overseas Chinese Apartment every day.

But this is nothing. As Li Changhe does not live in the dormitory, both the school and his classmates are used to it.

After giving the instructions, Li Changhe returned home.

Lao Tao probably took Lu Yao out for a walk today, but Li Changhe did not participate.

After all, their relationship is closer. Although he had a good chat last night, their friendship is relatively shallow.

All I can say is that we get along well with each other at the moment, but friendship still needs time to develop.

Today during the day, he had another thing to do, which was to go out with Zhu Lin and shoot a documentary with Tian Zhuangzhuang and others.

That’s right, Tian Zhuangzhuang finally adopted Li Changhe’s suggestion and changed the short film into a documentary, preparing to record the first year of reform and opening up.

Today is the day they start filming.

As for the filming location, there is no doubt that it will start from the Forbidden City!
(End of this chapter)