Super Island Tycoon-Chapter 749 - 748: Trump Card

Our current funds are no longer an issue, so move forward boldly!

The news of receiving a large amount of funds once again invigorated the entire team's spirit.

Now they all felt Jiang Cheng's immense power, and were filled with confidence for the upcoming battle.

Very soon, a vast amount of funds once again appeared in the platinum futures market.

However, this time it wasn't from Soros, but Jiang Cheng was making another push.

With these new funds entering, the platinum futures started fluctuating again.

This futures battle has now become even more intense, with the situation reaching a fever pitch.

Oliver started using the funds allocated to him by Jiang Cheng, and began aggressively shorting platinum futures.

This time, he had 30 billion US Dollars at his disposal. Such a vast amount of money flooding into the futures market at once caused an immediate huge reaction.

Continuously releasing a large number of short orders drove the price of platinum down constantly, quickly reaching the lowest point of the year.

Now, the price of platinum is almost breaking below the historical low, which has greatly impacted the international platinum trading market.

Especially those businessmen dealing in platinum are all cursing nonstop now.

The drop in platinum prices has caused them significant losses, with some platinum sellers even going bankrupt because of it.

These businessmen engaged in platinum business are now caught in the crossfire unfairly.

Originally, this futures battle had nothing to do with them, but the war in the futures market ended up affecting the real-world price of platinum.

This situation is actually quite normal; every fluctuation in the financial market eventually affects the real economy.

The atmosphere in the London Financial City now is filled with a scent of gunpowder, making it feel like being on a battlefield.

Due to the recent platinum futures market battle, the entire vibe of London Financial City has changed completely.

Everyone here is part of the financial community; even those not involved with the futures market are well aware of this situation.

After all, this is a battle involving both sides bringing in hundreds of billions of US Dollars, making it hard not to know about it.

People in the financial city are now discussing the futures battle, debating about its inside information.

The parties involved in this futures battle are clear to everyone—on one side is the legend of the financial industry, Soros, and his allies; on the other side is the most dazzling young person, Jiang Cheng.

What surprised everyone was that Soros unexpectedly is now on the back foot.

The price of platinum has now dropped to an extremely low level, soon to reach the historical lowest price.

This current price of platinum represents that the bulls are about to lose, which means Soros has been forced into a desperate situation.

If all futures were settled at the current price, Soros would at least incur a 20 billion dollar loss.

The 20 billion dollars Soros lost would, except for the transaction fees to the exchange, entirely fall into Jiang Cheng's pocket.

This demonstrates the brutal side of the futures market, as futures is ultimately a zero-sum game; someone gains, while another loses.

If now were the futures settlement date, Soros could surrender.

Fortunately, there is still some time until the futures settlement date, so Soros still has a chance to turn the tables.

The futures settlement date is when all positions must be cleared.

If the price rises, long positions profit; if it falls, short positions profit.

The exact profit depends on the price difference; the bigger the difference, the greater the profit.

Settling futures at the current low price, Soros might end up with devastating losses.

However, there's still some time before settlement, and it's unclear what measures Soros might have to reverse the situation.

Meanwhile, in the Quantum Fund's office, a scene of gloom and doom permeated the atmosphere.

The staff were well aware of the recent situation, realizing they were now plunged into a crisis.

At this moment, a staff member was reporting the current situation to Soros; one could tell from his countenance just how dire the situation had become.

Mr. Soros, our funds are now completely drained, and the situation with our allies is nearly the same.

If it continues like this, we will soon face forced liquidation, and by then we will have completely lost.

After a period of aggressive buying, their funds have been entirely consumed.

Meanwhile, their opponents had ample funds, continuously issuing a large number of short orders, showing no sign of financial exhaustion.

They no longer possessed the strength to continue their offensive; they could only watch as their opponents relentlessly suppressed platinum prices.

Soros was now sitting in his favorite chair, listening to his subordinate's report without speaking.

This time, Soros admitted he had really miscalculated; he never expected Jiang Cheng's funding to be so ample.

He knew Cosmic Umbrella Group's assets were enormous, but he hadn't anticipated that they could mobilize so much cash.

Generally, a company wouldn't retain so much cash; the excess would be invested or used to expand the company.

Jiang Cheng, being a businessman in a practical industry, having such a massive amount of cash was something Soros had never expected before.

This time, Jiang Cheng took out 60 billion US Dollars at once, without affecting the Cosmic Umbrella Group's operation at all, as if he could effortlessly take out several hundred billion more.

This seemingly bottomless funding made Soros feel a bit frightened.

It wasn't that he couldn't raise more money, if he swallowed his pride, obtaining hundreds of billions was still possible.

However, he feared that no matter how much additional funds he gathered, Jiang Cheng could bring out several times more money than him.

He wasn't worried about continuing to invest more because no amount of money could outmatch Jiang Cheng's side.

Yet, letting it go like this, Soros was certainly unwilling.

He, Soros, had never tasted defeat in the financial realm for so many years, and losing to Jiang Cheng, an outsider, was simply humiliating.

Crucially, he was being crushed under Jiang Cheng's funds—this feeling of being financially humiliated was unbearable for Soros.

Stop issuing more buy orders; maintain our current long positions. We can't afford to invest more.

I'll think of other ways to see if we can drive up platinum prices.

Soros reluctantly instructed his subordinates a couple of statements, then fell into deep contemplation.

He wasn't planning to take further action in the futures market; he was considering overcoming his opponent through other means.

This was Soros' last resort, now that Jiang Cheng had forced Soros into unveiling his final trump card.