Chapter 220 Let’s cut leeks together

2001.

April 1st.

April Fool's Day.

On this day, when the market value of Sempra Energy Company was under the enthusiasm of the market.

When it came to about 32 billion US dollars.

Smith Capital's safe house status for more than half a month has officially ended.

This time Smith Capital's safe house status.

Mainly doing long international spot gold, that is, London gold.

This time, Smith Capital used 14.5 billion U.S. dollars, leveraged four times, and 58 billion capital to enter the market when London Gold was around 235.00.

The average cost of opening a position is around US$240.00.

The standard lot of London gold is 100 ounces, which is equivalent to about 3.1 kilograms.

Calculated based on the average opening price of 240 US dollars per ounce.

A standard lot of London gold is worth 240*100=24,000 US dollars.

58 billion US dollars, holding a total of 2,416,666 lots of London gold.

One standard lot of London gold is 100 ounces, and one point of fluctuation is US$0.01 per ounce.

In other words, one standard lot of London gold.

The profit and loss of one point are both 100×0.01 USD=1 USD.

Smith Capital holds about 2.41 million lots, and if it fluctuates by one point, the profit and loss will be about $2.41 million.

When Smith Capital closed all its positions and left the market.

The real-time price of London Gold is $275.98.

This was the case when Smith Capital liquidated a large amount of funds and left the market.

As a result, its price dropped significantly.

In fact, Smith Capital's average exit position will only be higher.

Because profit retracement is a process.

Smith Capital left the market at the peak of 281.65.

Smith Capital’s final average exit position was $278.34.

A total profit of 3834 points was made.

In other words, interest, commissions, etc. are not included.

Smith Capital’s investment lasted half a month.

The total profit was approximately US$9.246 billion.

When David Mellon announced that the safe house status had been lifted, along with the total profit from the trade.

The entire third and fourth floors gave out huge cheers.

Amidst cheers, the staff on the first and second floors.

They also quickly learned about the company's profit for half a month, and everyone cheered together.

The huge cheers of hundreds of people spread outside the building.

People who don't know, may think there is some kind of celebration happening here.

Those employees who had just joined the company were silently calculating in their hearts——

Net profit in half a month was about US$9.2 billion.

This result is already more than double Goldman Sachs' profit last year.

Last year, the five major investment banks and the five companies combined accounted for a little more than half of their total profits.

It is GE, the largest company in the United States by market capitalization, which accounted for 130% of last year’s profits!

Wall Street practitioners who are extremely familiar with these data are also the current employees of Smith Capital.

They all know that once this kind of information is released,

The king of Smith Capital, who has been dubbed the "Moses of Finance".

The already dazzling aura around him will become even more dazzling.

And there are 280 traders on the third and fourth floors.

I got my wish and received their high bonus.

Twenty-eight team leaders, each with a bonus of US$100,000.

Two hundred and fifty-two members, each with a bonus of US$50,000.

This news is also related to the company's profit this time.

All personnel in the company were notified together.

It makes all other people in the company who are not involved feel extremely envious and jealous.

In addition, the company does not have confidentiality requirements.

These news also spread throughout Wall Street in a very short period of time.

Wall Street workers, hear this news.

First don’t believe it, then confirm its credibility.

They also became envious, jealous and hateful towards those two hundred and eighty people.

Wall Street executives had different reactions after hearing the news.

Among them is Sally Winston, CEO of PNC Financial Services Group.

and Berkshire Chairman Warren Buffett.

The reaction of the two men was that they quickly arrived at the Smith Building.

This is not the first time that Sally Winston, the CEO of PNC Financial Services Group, has come to the Smith Building.

Including this time, it should be three times.

Because it was around the 20th of last month.

Smith Capital had just announced that it would launch a comprehensive acquisition offer for Sempra Corporation.

Sally Winston came once.

When Sullivan Winston came over that time, he came to ask for shares.

Same with Warren Buffett.

Last month, PNC Financial Services Group also bought 4% of Smith Capital.

The conditions are exactly the same as those of Berkshire.

In other words, Sullivan is now the same as Buffett.

Both are already shareholders of Smith Capital.

Fourth floor, Abel's office.

On the sofa in the lounge area.

The two giants of American finance.

Buffett and Winston were each holding a cup of Geisha coffee that David Mellon brewed for them personally, and they were sipping it lightly.

David was wearing a suit at this time and looked very capable.

David, CEO of Smith Capital, confirmed the news to the two shareholders with a smile.

"Two gentlemen, the news you heard is not wrong."

"That's right. The company you invested in has earned more than $9.2 billion in profits in the past half month."

"You heard that right, it's 9.2 billion U.S. dollars."

"Pure profit~"

David Mellon is in high spirits at this moment.

This 35-year-old son of one of New York Mellon's branches.

Never thought of it.

I was originally an ordinary senior MD of Goldman Sachs.

It can actually be a year and a half later.
To be continued...