Chapter 891 McKenna III

"In addition to lower oil and gas prices, we also predict that gold will end its upward cycle that has lasted for more than ten years and begin to decline. Therefore, we have also invested funds and started shorting gold futures..."

It can be clearly seen that after years of various financial investments, Daisy has truly grown into a "strong financial woman" compared to when she first entered DS Capital.

Currently, most of the decisions regarding DS Group's financial investment-related matters have been made by Daisy, except for Barron who occasionally provides advice on some major investment judgments and plans.

"I also agree with your judgment. Since it exceeded 1,900 US dollars per ounce in September last year, it has been considered an adjustment period for gold prices until the beginning of the year. However, it can be seen that the rise in gold prices in the past two years has been quite important. The main factor is that with the outbreak of the subprime mortgage crisis and the subsequent sluggish global economic recovery, the safe-haven properties of gold have been valued by investors, so a large amount of money has flowed into this place..."

At this time, Barron was in the office of the Lanai Manor, having a video call with Daisy.

After he finished speaking, Daisy continued:

"In addition, quantitative easing policies in various countries around the world have led to an increase in money supply, and a considerable part of the funds have also flowed into gold investment. Various investment companies are establishing gold trust ETFs, which has pushed up the price of gold."

"But there will always be a time when this enthusiasm dissipates, especially as the external environment changes..."

"Yes, according to data released by the U.S. Department of Labor last Thursday, the number of initial claims for unemployment benefits dropped significantly last week, and the number of continuing claims for unemployment benefits hit the lowest level since the week of July 12, 2008. The data shows that the number of people filing for unemployment benefits in the United States on February 9 The number of initial jobless claims fell to 341,000 in the current week, while the number of initial jobless claims in the previous week was revised to 368,000, from the initial value of 366,000. This shows that the United States' economic recovery. The signs are obvious, and with the recovery of the economy, the safe-haven properties of gold will no longer be valued. In addition, the price of gold itself is already high enough, and the mood of profit-taking has begun to arise..."

Of course, it is also because of the prominence of economic recovery that when the economic figures in the United States are relatively good, people will expect that the monetary easing policy will weaken. Therefore, they believe that it is unfavorable to the price of gold, and they sell gold in advance, or even short gold in the futures market.

However, most institutions need more data to support making such judgments.

But Barron already knows that the U.S. and even the global economy will recover and improve starting this year, so he can make arrangements early.

After all, in financial investment, those who are ahead always make greater profits and have less risk, while those who follow the trend may be buried at any time.

However, with the development now, DS Group and Standard Chartered-Merrill Lynch Group have become one of the big bookmakers in the financial market from the initial entrants.

Therefore, as the scale of funds they can use reaches tens of billions, the way they operate will be very different from before.

So far, Daisy is doing very well in this regard.

…

"Hello, Mr. Smith..."

"Excuse me, who are you?"

When John Smith attended this business party and was chatting happily with the sexy socialite beside him, a blond middle-aged man in a suit and tie walked up to him.

"Avery Garcia, beautiful lady, do you mind if I talk to Mr. Smith alone?"

The man who called himself Avery Garcia looked at the enchanting woman next to John and asked politely.

However, although his posture is polite, the woman can feel the vague feeling of uneasiness brought by the other person, especially when the other person's eyes are looking at her, if there is any substance, it brings pressure to her.

"Of course, you guys chat, I'll go say hello to my friend..."       "We don't seem to know each other..."

Seeing Avery Garcia's behavior, John Smith frowned slightly and said.

"Yes, but I'm afraid you should know Mr. McKenna, he wants to see you."

"McKenna? Which McKenna?"

"Mr. McKenna from the Pilot Group."

"F. William McKenna III? Is he here too?"

"Mr. McKenna is in the box upstairs..."

Avery Garcia glanced at the dial of the watch and said:

"I guess you don't want him to wait too long either."

As the chairman of the Sinclair Group, John Smith naturally knows F. William McKenna III, who is the chairman and CEO of the Pilot Group.

After John Bogle retired, Brennan took over as the new helmsman of Vanguard Group.

Then in 2008, F. William McNabb III took over and became the CEO of Vanguard Group. He currently serves as chairman and CEO of Vanguard Group and is its head.

However, John Smith had not had any interaction with Mr. McKenna before this - although Vanguard Group was also one of the shareholders of Sinclair Group, since he became the chairman of the group, Vanguard Group had no control over Sinclair Group. The director representative of Clay Group is relatively low-key. Even when John Smith was investigated by the Maryland prosecutor, the other party only expressed his hope to maintain the stability of the company.

Of course, since F. William McKenna III was also at this business gathering, it was not impossible that he happened to know that he was here and met him to chat.

With these thoughts in mind, John Smith followed Avery Garcia through the crowd in the hall and went up the stairs to the second floor.

Compared with the lively hall below, the second floor was much quieter. Along the way, John Smith only saw two or three people. As they walked forward, the sound of the hall behind him gradually became smaller.

When he came to the door of a room, Avery Garcia knocked on the door twice, waited for a minute, and then gently opened the door.

"Sir, Mr. Smith is here."

When Avery turned sideways to leave a passage for John Smith, John also saw that there was only a white man about fifty years old, with slightly gray hair and wrinkles on his face that seemed like sculptures sitting in the luxuriously decorated box.

Although they had never met, the man's appearance often appeared in financial media reports, so John naturally recognized him as Mr. McKenna, the chairman and CEO of the Navigator Group.

"Please take a seat, Mr. Smith."

After John Smith walked into the box, Avery Garcia left the room and closed the door gently.

F. William McKenna III looked at John Smith gently, opened the cigar box on the table, and said to him:

"Would you like a cigar? This is a good thing from Cuba."