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Chapter 362

"Of course, international oil prices have skyrocketed," Chris replied without hesitation: "This is your final guess, Eric, but this is impossible. Do you know what Iraq's invasion of Kuwait means? The proven oil reserves of these two countries account for one-fifth of the world's known oil reserves. Once Iraq annexes Kuwait, Saddam can manipulate international oil prices at will, which is equivalent to pushing himself to the position of public enemy, and the whole world will not agree. Even if he is a lunatic, it is impossible to do this."

"Since everyone thinks so, I want to bet that I bet that the Middle East will have a war in three months. Chris, if you don't want to help me, I just need to take the money to open an account on the New York Mercantile Exchange. You won't watch me, an outsider, go in and be cheated, right?" In the end, Eric played the emotional card.

Chris was a little amused and wailed when he heard Eric's cheating tone: "Eric, your net worth has reached the level of $1 billion. You can buy everything you want. Is it necessary to take such a risk? You just said that you have to withdraw all the working capital of all the companies under your control. Once you lose all the money, it will be a big trouble. That happened at the beginning of the year. If the seven major film companies knew that Firefly's working capital was exhausted, they would definitely take advantage of the situation again without hesitation. The mall is very cruel. Don't expect others to develop a kind heart."

Eric said confidently: "Why not think about it in the good direction, what if I bet right?"

Chris smiled, playing with a pen in his hand and whispered: "Eric, why don't you calm down for two days first, have fun in New York, or go on vacation?"

"Chris. I'm very calm. I've decided that if you don't agree, I'll go find a futures brokerage company to do it myself," Eric stood up.

Seeing that Eric was not making a fake, Chris waved his hand helplessly and said, "Okay okay, I promise you, you sit down first."

The two discussed some details. Chris called the company's financial manager: "Eric, you go to Webber for the transfer procedures first, and I'll wait to find you."

After Eric left with the company's financial manager, Chris picked up the phone in front of him and dialed Jeffrey's number: "Dad, did he tell you about Eric?"

After saying a few words on the other end of the phone, Chris said again: "It seems that Eric didn't tell you about this, but I can't explain it clearly on the phone. I think you should come to New York. Eric... was a little hot-headed. I couldn't persuade him."

After a few hurried words, Chris quickly hung up the phone and walked out of the office.

...

Alyssa Brighton couldn't help but look at the three people sitting in the living room again. This was the second day Eric came to New York. After the filming of "Instinct", Jeffrey returned to the farm he had bought in Maryland to rest for a while. In less than a week, the old man rushed to New York because of a phone call from his son.

At this time, the three of them remained silent. Jeffrey had been persuading him for an hour before, but Eric had no intention of letting go. Seeing that the scene was a little embarrassed, Chris suddenly spoke to his girlfriend in the kitchen, "Elie, is the dinner ready?"

"Well, it's already done," Alisa replied quickly.

"Why don't we have a meal first?" Chris asked tentatively.

Eric had no intention of having sex with Jeffrey, and said with a smile: "Jeffrey, let's have a meal first. After the meal, you can continue to persuade him not to be hungry."

The old man snorted with a stinky face, got up and walked towards the restaurant. Eric shrugged at Chris, and Chris sighed helplessly.

Alisa Brighton was originally a very talkative girl. If it were other times, she would have been looking for one or two topics to stir up the atmosphere on the table. However, at this time, the girl was sitting quietly beside Chris, eating dinner without saying a word.

After eating dinner silently for a while, Jeffrey finally spoke in a gentle tone: "Eric, this matter must be kept secret. You want to trade that... Oil futures, yes, but you can't put all the money in, and you can't use a loan to trade it. If others know that you have lost all the money, they will definitely take the opportunity to pinch the firefly's neck."

"Jeffrey, why can't you think about the good things, what if you make a profit?"

"There is no such good thing. This is Wall Street, not Hollywood, we are all laymen."

Chris jerked in time: "Yes, Eric, Wall Street is the territory of financial tycoons. Futures is actually a two-way bet contract. If you make money, it actually means that others lose money. The more you make, the more others lose. Do you think your opponent will be willing? When I worked at Morgan Stanley before, I saw these big investors doing their own interests and manipulating the financial market. Don't say anything about sex (SEC), even if you force these giant crocodiles to take them away, they can't help."

"We have a small market of $200 million, so those big investment banks won't target us, right?" Eric shrugged and said easily. What's more, once the Middle East fights and crude oil prices soar, any tricks of financial giants will only be beaten away by the big waves under this big trend.

The two of Jeffrey and his son looked at each other and quieted down again. Eric didn't want to continue to worry about this issue. He looked at Alisa Brighton sitting next to Chris. He remembered that last Thanksgiving, the couple was still having a quarrel, and now they looked like they had reconciled.

"Eli, is your clothing company listed? I remember that I said this on Thanksgiving last year?"

Alisa looked at her boyfriend next to her resentfully and shook her head: "There is no chance in three years."

"It's okay, I can invest if you want," Eric said with a smile.

Alisa smiled and said ok, but she didn't take it seriously. After getting along with Chris for a long time, the girl also knew how much risk there was in the futures market. How much money would an investor like Eric throw in? It would be nice to be able to take it out in a complete and complete manner. The possibility of making money is slim.

"Eric, where are you living now?" Jeffrey asked again at this time.

“I booked a suite at the Sixty Soho Hotel on Sixty Avenue and planned to stay there during this time.”

Jeffrey didn't know the location of Sixth Avenue. He glanced at his son and Chris explained: "Sixth Avenue is very close to the New York Mercantile Exchange."

Jeffrey sighed, Eric even considered this detail, it seemed that there was no room for maneuver in this matter: "Chris, during this period, you put down the investment company matters first, concentrate on helping Eric, and try to..."

"I understand, dad," Chris nodded.

In the next few days, Chris began to help Eric hire traders to open an account, and Jeffrey also followed the two young people all day long. Of course, there was an inevitable dispute during this period, mainly about the ratio of futures margin.

Eric hopes that the margin ratio is 5%, that is, twenty times leverage, which can increase the 200 million US dollars of funds to 4 billion, but Chris and Jeffrey agree that five times leverage should be used, 20% margin.

Eric knew that the father and son were thinking about themselves and did not fight each other. He argued all morning, and in the end, both sides took a step back, with a deposit of 10% and a tenfold leverage.

Entering July, crude oil prices in the futures market rose again, approaching the high of $19 per barrel.

Eric and Chris hurriedly formed a local futures trading team and began to enter the market.

Due to the situation in the Middle East, a large number of speculators have entered the crude oil futures market. On the New York Mercantile Exchange alone, the daily trading volume of crude oil futures has exceeded 100,000 lots (1,000 barrels per lot of crude oil futures in the New York Mercantile Exchange), and the daily trading volume has reached US$2 billion.

With the current situation in the Middle East, many people are betting that some hope that crude oil prices will fall back to the $14 position a few months ago, and of course some people judge that crude oil prices will continue to rise.

Therefore, Eric, a team that is bullish and long, does not seem too eye-catching. However, in order not to attract too many people's attention, Chris kept his daily trading volume at around $10 million. According to this progress, it was enough to spend all 200 million US dollars before August, and Eric did not raise any objection.

As Chris said before, after the crude oil price rose to $19, it no longer rose sharply, but began to fluctuate between $18 and $20. Jeffrey was more worried than two young people every day. Although the delivery dates of futures contracts Eric bought were after October, the profits and losses of futures trading were settled daily. After the closing of the market every day, Jeffrey would hold a calculator and calculate how much he made and how much he lost today in the futures contract.

Worried that the old man would be worried about causing a heart attack, Eric and Chris advised Jeffrey to go back to the Maryland farm more than once, but using all the methods was useless.

After another busy day, Eric returned to his hotel where he lived. After taking a shower, he was about to call back to Los Angeles a few times when he heard the doorbell. Although he knew that there were many people in New York, not many people knew the address of the hotel where he lived.

He opened the door curiously, and a soft little body jumped up and pounced on Eric, tying Eric's waist like a koala, touching and kissing for a while.

This situation was really injurious, Eric hurriedly retreated to the room and closed the door. Then he twitched Drew's little butt in hot pants, and asked docilely: "Didn't you go to Hawaii for vacation? Why did you suddenly come here?"
Chapter completed!
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