The Supreme Beauty Fell in Love with Me

Lin Chuan and the entire Red Tea Society started their operation, with billions of US Dollars being thrown into the market. With this "main force" causing havoc, soon, the short-selling forces gathered like sharks smelling blood. The price of iron ore fell by a quarter within three days!

This was a dangerous signal for all iron ore bulls, or those hoping for the iron ore prices to rise!

By the fifth day, the South Australia Mining Federation could hardly sit still and publicly organized a press conference.

It was called a press conference, but it was essentially a harsh criticism meeting aimed at international capital speculators, accusing them of being the culprits behind this iron ore price drop.

But the problem is that talk alone doesn't work. Even if I openly admit that I'm the one suppressing iron ore, can you even come to arrest me? Ultimately, it still comes down to competing in the financial battlefield with real money!

The Mining Federation was not ambiguous either, gathering a powerful amount of funds for a counterattack on the sixth day. Remarkably, they managed to withstand the short-selling pressure on that day, with the price only dropping 0.5%.

However, at this time, the Red Tea Society increased their efforts again, injecting nearly a hundred billion US Dollars in one day to directly break through the bulls' defense line.

Moreover, the China Steel Enterprise Alliance also noticed the change in the wind direction. Although they have not decided to act again this time, watching the iron ore price, which had hit them hard before, drop so drastically, they would unconditionally support the short-selling forces just for the sense of satisfaction it brings.

Several major steel enterprises issued statements one after another. They would fully cooperate with national rectification measures, ramp up the production of high-tech new steel and significantly reduce the production of crude steel.

And they weren't just talking, they immediately notified South Australia of their intention to reduce production!

This made even the South Australian government uneasy.

"China's effort this time is strong. I was worried that after eating the loss last time, your steel enterprises would lack ambition. Now, with their strong support, those few mining companies won't be able to stir up big waves." Jon said.

Francis smiled and said, "That's right, Lin, Jon, how about we go all out now? Maybe we can crush them in one wave."

"Absolutely not!" Lin Chuan hastily discouraged.

"Lin, what are you worried about? The situation is entirely favorable for us right now." Francis looked at Lin Chuan somewhat puzzled.

Lin Chuan chuckled, "Hehe, but don't forget that the South Australian government hasn't taken action yet. Their funds and means are far stronger than those of the Mining Federation; we have to be cautious. So I propose that not only should we not increase our investment now, but we should also withdraw a portion of the funds."

"Withdraw!" While some people could understand Lin Chuan's suggestion to pause the full investment, they couldn't understand at all why Lin Chuan wanted them to reclaim part of the funds.

"Lin, are you crazy? Doing this is a waste of an earning opportunity. Even God wouldn't forgive you!" Jon shouted discontentedly.

Lin Chuan said, "Then let the old guy come find me. I think that trying to collapse iron ore in one breath is impossible; the attack must be methodical, step by step. We must also prevent any retaliation using government resources from South Australia. From an investment safety standpoint, reclaiming part of the funds to ensure security is also a strategy. The temporary task of crashing the market can be completed by trending funds, and our capital has to be used where it's more crucial!"

Francis and Jon were already convinced by Lin Chuan, but Fuer and others simply couldn't accept it. Currently, they're netting several hundred million USD daily, and they really couldn't bear to exit like this.

The Red Tea Society is not a coercive organization, they can't force others to listen to Lin Chuan and Francis, they can only withdraw their own portion of the funds.

After a brief calculation, only the profit gained in these few days, considering leverage effects, was six hundred million USD. Lin Chuan decided to leave all these profits in and withdraw his fifteen billion USD principal.

After consulting with Francis and Jon, the two of them also withdrew fifty-five billion USD, their combined forces reaching seventy billion, which is quite a considerable sum.

Things unfolded just as Lin Chuan worried; the South Australian government finally stepped forward.

South Australia reached a joint agreement with the economic ministers of Banan, South Africa, and other countries. They would collectively arrange future iron ore production, and even if production were to decrease, they would definitely not let the iron ore prices drop!

This news immediately shocked the market once again.

Meanwhile, South Australia secretly mobilized a large amount of funds into the iron ore futures battle, significantly boosting the bull forces. For half a month, the bulls and bears battled fiercely, until the last two days, the bears even showed signs of retreating.

"Oh! I really regret not following Lin's advice! My God, now a lot of our funds are trapped in the iron ore market."

"Yes, who could have thought that after the last battle, the South Australian government and the Mining Federation would still possess such a strong force? It's even more frustrating that Banan and South Africa have joined their side. Breaking through their defense is extremely challenging now."

Fuer smiled bitterly and said, "Right now, let's not talk about breaking through them, holding our own defense is already a problem. Lin, do you have any solution now? If we don't curb South Australia's actions, sooner or later we'll be pushed back to the original price, and what we've done these days would be for nothing."

For these investors, even if they can withdraw without losing their principal, they've already suffered losses.

Not to mention the opportunity cost of the funds, some were even borrowed from banks, and merely engaging in a futile action leaves them unable to account to their respective shareholders.

Hearing Fuer directly ask Lin Chuan, everyone's eyes turned to Lin Chuan, Francis, and Jon.

Previously, only they withdrew part of their funds in time within the Red Tea Society. Now, even if the futures market returns to the starting point, they've already earned considerably.

To be honest, whether they are willing to help in such circumstances is hard to say.

"Actually, there is indeed a way now." Just as everyone's hearts were pounding, Lin Chuan's words reignited their hope.

"Oh! Lin, do you mean you have a solution?"

Lin Chuan tossed a world map onto the table and pointed his finger heavily at Banan and South Africa, "This time the South Australian government has pulled Banan and South Africa to increase their momentum, and due to the three countries' monopoly position in iron ore supply, they've increased South Australia's clout. So let's break their spear with their own shield! Let's target these two countries and strike at iron ore!"

"The fiscal condition and foreign reserves of the South Australian government are excellent, defeating them is extremely difficult, but Banan and South Africa are entirely different, aren't they?"

Lin Chuan and his team were able to employ seventy billion USD in funds, and two days later, they suddenly charged into South Africa's forex market.

Currently, South Africa's economic situation is actually quite poor, with its economic growth slowing considerably over the past two years, increasing unemployment rates, while domestic inflation is severe. Of course, given its foundation from previous years, they won't easily collapse.

However, over these two days, an enormous sum of money suddenly began targeting their forex market, causing a substantial depreciation of the South African currency and worsening its domestic inflation.

South Africa naturally did not sit still, beginning to utilize its already limited foreign reserves to strike back, but soon realized their opponent was incredibly nimble, several times using the momentum in ways that ultimately allowed their support efforts to benefit the opponent, leading to more ferocious attacks against their currency. Within barely a week, South Africa was struggling to hold on. Ultimately, they were forced to announce abandoning the newly agreed iron ore production cut plan with South Australia and Banan, opting to increase iron ore exports to bolster domestic exports and stabilize the forex market.

This served as a loud slap in the face.

When the three countries had reached the agreement, they made headlines worldwide, showcasing their determination to sustain iron ore prices. Now, in just a week an entire country had renounced it, drastically reducing the agreement's efficiency, rendering it a laughing stock in international investors' eyes!

Banan didn't even have time to criticize Efei's breach of trust before realizing it was next on the opponent's target list!

Though Banan's economy scale and health level are decent and wouldn't easily succumb like Efei, its leaders were never known for possessing unwavering determination.

After a couple of exchanges with the mysterious international capital, suffering some minor losses, Banan's government pondered, given Efei already breached the agreement, effectively voiding it, now increasing production wouldn't constitute a breach of contract.

So, without an ounce of backbone, Banan prematurely submitted a surrender notice, declaring its decision to increase output!

This sold South Australia out completely!

Being betrayed by other governments was humiliating enough, but concerning the iron ore market, it was far more than an embarrassment.

The agreement they newly formed could be considered the staple support for the iron ore bull market, however, this support turned into a joke. With two countries tossing it aside like toilet paper, even though South Australia persisted, it was still a destructive blow to the bull market.

Once this support crashed, its effect was worse than before the agreement; countless bull forces deemed persevering now unnecessary, recognizing the inevitable fall of iron ore prices, and took the opportunity to flee while South Australia continued to stubbornly uphold their stance.

Even if South Australia is a developed country with robust capital, it cannot contend with the entire world's short-selling forces!