MTL - The Rebirth of the Financial Hegemon-v3 Chapter 89 Abominable Boulder Capital (1)

London foreign exchange forward market.

The U.S. dollar exchanged for the Thai baht contract, suddenly soaring.

In just one minute, 25.982 rose to 25.418.

It is different from the foreign exchange spot market.

Standardized contracts vary from country to country in the forward foreign exchange market.

But often there is a minimum leverage ratio of more than 20 times.

In order to maximize profits, some traders will increase leverage under leverage.

This leverage may even reach hundreds of times.

The leverage in the Russian market is the most, reaching a leverage ratio of 2,000 times.

The increase of more than 500 points in the US dollar exchanged for the Thai baht contract made some high-leverage trading accounts immediately face the risk of liquidation.

on the plate.

A cloud-piercing line formed an almost ninety-degree right-angled upward pattern.

The crazy upward price was like a stick slammed into the head of a short trader.

Almost at the same time, the Thai baht showed a nearly 90-degree upward pattern in contracts related to the Thai baht in all financial markets around the world.

New York market, Chicago market, Singapore market......

.389......

The price of the baht, in a vertical ascending line, continues to climb.

Market Trading Department, Bank of Thailand, Bangkok.

Sweat beaded densely oozing out of President Sonny's forehead.

His face was flushed red, and he didn't know when his hands were tightly clasped together.

No wonder Sonny wasn't nervous.

The Broken Axe Project is related to Thailand's future century-long national fortune and the future life of tens of millions of people in Thailand.

How could Sonny not be nervous with this kind of burden on him.

"Ring bell bell..."

“25.385 to buy three million baht. …”

"Hey, buy me fifteen dollars in Thai baht at 25.377....."

Under Sonny's command, traders kept picking up the phone to place orders on the world's major spot foreign exchange markets.

"Crackling..."

The sound of keyboard tapping is as dense as raindrops.

That's the trader using the computer to do the actual market manipulation.

Fifty million, one hundred million, two hundred million, ... one billion......

Hong Kong, Singapore, New York, London, Chicago...  

A large amount of money has poured in to buy Thai baht in the first-to-return market in major financial centers around the world.

Sonny's heart was beating wildly.

The rapidly shrinking dollar reserves made him nervous.

He loosened the tie around his neck first, then raised his hand to wipe the sweat from his forehead.

Buddha bless.

Bless us to be successful!

Where there is attack, there is defense, and where there is buying, there is selling.

When Sonny personally directed the operation of the Bank of Thailand's market trading department, the funds that were bearish on the baht would not be idle either.

New York Market.

Stanley Druckenmiller is also directing the trading department to suppress the Thai baht's counterattack.

for Thai Baht. Druckenmiller has always had a thorn in his heart.

In 1995, he lost as much as $70 million in Thai baht.

That time was one of Druckenmiller's rare defeats since his debut.

As the star fund administrator in the Quantum Fund, Druckenmiller's greatest wish is to be as invincible as Soros.

But on the baht, he was beaten badly.

Although Soros didn't punish him for his losses at that time, and even encouraged him to do better in the future.

But for Druckenmiller, who was still very young, it was undoubtedly a huge shame.

He had sworn in his heart long ago that he would recover the lost place from the Thai baht.

This time, the opportunity finally came.

"25.495 sold 30 million..."

"25.515, sold 20 million......"

"Billy, short 30 million positions in the New York forward market..."

"......"

100 million, 500 million, 800 million...

Under the judgment of Druckenmiller, under the joint research of the Quantum Fund team, and in exchanges within the industry.

Everyone has always believed that the devaluation of the Thai baht is unstoppable.

There is something fundamentally wrong with Thailand's economy.

With the decline in export revenue, the over-issue of the Thai baht and the outflow of capital, no one can stop the depreciation trend of the Thai baht.

This is the trend.

But Drucken found that his calculations seemed to be wrong.

The Quantum Fund has dumped billions worth of Thai baht on the market.

In Druckenmiller's prediction, such a large amount is enough to be the last straw that crushes the Bank of Thailand.

Yet the baht did not collapse.

25.515.......379......

The Thai baht on the upside was just a short dip, and then it went up again.

That strong posture is as fierce as eating an aphrodisiac.

Druckenmiller.

In the Quantum Fund, he is the first person after Soros.

In some ways, Druckenmiller is even more talented than Soros.

This is why Soros voluntarily left the Quantum Fund when he had a dispute with Druckenmiller.

In the capital game, Stanley Druckenmiller has the intuition that even Soros can only resign.

Billion dollars out.

Not only did they fail to break through the city that the Thai Baht had completely lost, but Thai Baht regained some of the lost ground.

Druckenmiller keenly sensed something was wrong.

According to Druckenmiller's inference before, the Thai baht will definitely collapse under the attack of major funds.

But the facts have proved that the Thai baht not only did not collapse, but recovered some of the lost ground.

This makes absolutely no sense and should never be the case.

If it is an ordinary person, when faced with the truth and it should never be the case, nine out of ten will insist on the truth.

Make the most sense.

But Druckenmiller is not an ordinary person after all.

He is the second person in the Quantum Fund who can be compared with Soros~www.novelbuddy.com~ He is a global star fund manager.

Druckenmiller knew.

Man is not an omnipotent God after all.

You can infer, predict, and trust your own judgment.

But in the end, only the market is right.

Since the current market does not conform to his judgment, it means that his judgment may be wrong.

After realizing this, Druckenmiller immediately stopped suppressing the baht.

Not knowing what was going on, he couldn't stubbornly just trust his own judgment.

Logically speaking, BOT's funds have almost bottomed out. Why is there such a large amount of funds to take the selling of the Thai baht?

Could it be that Singapore has taken action, or is it the Hong Kong Monetary Authority?

In 1995, Druckenmiller had secretly established a billion dollar short position in the Thai baht, and finally suffered a fiasco.

At that time, he and other empty allies were killed by the Bank of Thailand, the Monetary Authority of Singapore and the Monetary Authority of Hong Kong.

"Billy, look up where the baht is being sold, I don't think it's right."

With the energy of quantum funds, there is almost nothing that cannot be found in the financial market.

What's more, nearly 100 US dollars worth of Thai baht was traded in the market.

Fortunately, small funds can not hide traces of large funds.

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