The symphony of nature, embodied in the animal calls that permeated the morning air, stirred William White from his slumber. He stretched and, with a slight grimace at the disheveled state of his attire, made his way to the bathroom. The habits of a farm's life did not always align with the expectations of nobility, and this dissonance was palpable in his unceremonious morning rituals.
"Fober, have you completed the writing? You can take it to the publishing house now," William inquired, his tone carrying a tinge of anticipation.
"Of course, Master. This book is bound to be a hit," Fober replied with unwavering confidence.
"Let's hope so. If it does well, I might continue writing," William mused, allowing a hint of optimism to permeate his thoughts.
"I have no doubt about that," Fober affirmed.
Following a simple breakfast, William embarked on his daily routine of riding across the vast expanse of the farm. Texas was a place where the art of horsemanship was universally embraced, and both men and women took pride in their equestrian skills. In this era, horses served as a viable means of transportation, especially in regions like Texas where the sprawling landscape beckoned exploration.
"Forbe, tomorrow we shall journey to New York. I wish to immerse myself in the atmosphere there," William announced, his curiosity about the bustling metropolis evident.
"Very well, young master. The preparations for the trip have already been made, and you may commence at your convenience," Forbe replied.
The journey to Manhattan marked a significant departure from the tranquility of the farm. The cacophonous cityscape was a stark contrast to the idyllic countryside. Tall buildings loomed on either side of the narrow streets, creating a sense of confinement that contrasted with the vast openness of Texas.
Upon reaching Wall Street, William couldn't help but reflect on the state of affairs in the financial world. The bustling atmosphere remained undeterred by the stagnant market. The spectacle of trading, characterized by wild gesticulations and frenzied shouts, appeared absurd to William, who struggled to comprehend how such a chaotic system confirmed the execution of trades.
Institutional seats, he noted, appeared to enjoy a disproportionate advantage, while retail investors were left to navigate this labyrinthine landscape with limited resources. The nuances of this two-way roaring transaction method seemed absurd to him, raising questions about the efficacy of such a system.
The futures trading market, on the other hand, was a testament to vitality, driven by the depreciation of the US dollar. Capital, perpetually in search of profit, sought refuge in commodities, particularly precious metals. Among these, the price of silver, at a mere $5.6 per ounce, remained undervalued. William recalled that in June, silver had easily surpassed the $6 mark, hinting at a bullish trend.
The timing of these market movements left William perplexed. It appeared as though the Hunt family had delayed their actions, missing the opportunity for substantial gains. Silver's price, he believed, deserved to hover around $19 per ounce, offering a reasonable valuation. The Hunts, if they had acted earlier, might have reaped a bountiful harvest. However, the depreciation of the US dollar now complicated their prospects.
William couldn't help but wonder if the Hunts' true target was the desert tycoons. Their fortune, amassed through oil ventures, had been rendered vulnerable due to the currency's depreciation. Yet, the Hunts had inadvertently entangled themselves in their own web, sacrificing their own financial stability.
As he observed the traders' expressions, marked by both anticipation and anxiety, William questioned the wisdom of such frenetic trading. It was not his capital at risk, but he couldn't fathom the allure of driving oneself to madness in pursuit of financial gain.
The stock exchange market, while ostensibly thriving, struck William as an incongruous place. With the advent of online trading, this elaborate setup seemed obsolete. Yet, the New York trading center clung to tradition, preserving a semblance of the past.
Turning away from the bustling spectacle of Wall Street, William remarked to Forbe, "Let's leave this place."
Forbe nodded in agreement, and together they departed from the tumultuous world of finance, leaving behind the cacophony of trading floors and the enigmatic allure of the bull market.
Back at the farm, William glanced once more at the robust cattle grazing in the distance. A wry smile crept onto his face as he contemplated the notion of a bull market amid a time of severe inflation. The incongruity of it all was not lost on him, and he found solace in the serenity of the countryside, far removed from the turbulence of Wall Street.
In preparation for the impending venture into precious metals trading, William decided to open twelve accounts with different futures brokers, each operating independently to avoid drawing attention from the Hunts. The precious metals trading market, marked by perilously low margins, raised concerns about potential bursts should price volatility exceed 3%.
The risky nature of these investments weighed on William's mind as he considered the gambles and uncertainties of the market. In a world where risks were carried not by the elite but by everyday traders, navigating the treacherous waters of finance required a steadfast resolve and a keen understanding of market dynamics.