From the following day, William White's team engaged in silver trading, following a well-thought-out plan. Silver had been gaining popularity recently, and Forbe, while curious, wondered why William had chosen silver over gold.
"Master, isn't silver controlled by the Hunt family? Are you sure about this?" Forbe inquired, his concern evident.
"Don't worry, they'll definitely drive up the prices. I've received word that the Mexican government struck a deal with them, and they'll be buying a substantial amount of cash," William explained confidently.
"So, they'll only push it further," Forbe remarked, understanding the strategy.
"We're small fish; we're just here to pick up some bargains," William replied, his calm demeanor reassuring his loyal servant.
It was no secret that the Hunt family had invested heavily in silver. They had the resources to control this market, and smaller players like William's team could serve as convenient cannon fodder.
The United States, with its abundant natural resources, was a land of opportunity, albeit one with a ruthless edge. The reserves of various mineral resources were staggering, yet not all were actively mined. The dollar's lower production cost made mining less essential, reinforcing its status as the world's dominant reserve currency.
Meanwhile, London appeared to be longing for funds, though it was likely driven by speculative hot money rather than fundamental factors. The fragmented nature of offshore companies and trading in overseas markets posed a challenge to the Hunts' efforts to identify their competitors.
Xuewen Publishing House found itself in an unexpected predicament. Initially dismissing the book as a self-indulgent project of a wealthy individual, they now grappled with the realization that it was a well-crafted work of fiction with the potential to become a bestseller. They were grappling with the issue of substantial royalties, as a typical bestselling author might receive no more than a 20% royalty rate. However, the unique circumstances of this book necessitated a different approach.
The quality of the book was undeniable, and the author's meticulous efforts were evident. Xuewen Publishing House was now wrestling with the negotiations over royalties, balancing the author's exceptional work against their expectations.
In April, Manhattan boasted pleasant weather, though it still retained a hint of chilliness. Texans were known for their resilience in the face of harsh conditions, a trait nurtured by the state's frequent natural disasters, including hurricanes and floods.
Back at the farm, William White continued to manage his silver positions. He instructed his team to open additional positions as long as the price remained below $5.8, maintaining a 30% high position and selling at lower levels, while avoiding breaching the $6 mark for the time being.
William had observed that remaining in the trading center compromised his composure. The hustle and bustle of Wall Street, coupled with the temptation of monetary gains, made it challenging to maintain his focus. To safeguard his judgment, he preferred to distance himself from the frenzy, realizing the risk of becoming enslaved by the allure of money.
While others might seek wealth in this high-stakes game, William's wealth was accompanied by a lack of guidance. The absence of mentors and a supportive family required him to exercise caution, lest he fall prey to the trappings of fortune.
William was well aware of his limited capital, which was insufficient to attract significant attention. His entrance into the market had not gone unnoticed, but the source of his funds remained scattered. A mistaken assumption had led others to believe these funds might belong to the desert tycoons, inadvertently masking his involvement.
The collaboration between the Hunt family and the desert tycoons was marked by caution on both sides. They regarded each other with suspicion, reluctant to fully entrust their interests. This wariness was reflected in their investments, as they hedged their bets by diversifying their portfolios.
While the Hunts were discreet about their investments, their inquiries were met with silence. Seeking information would be futile, and they could not fully trust the intelligence they received. The situation was a stalemate, a test of patience and resolve.
Back in Manhattan, William's book was nearing completion and would be available in a week. He instructed his team to purchase a copy and ensure its quality met his standards. He expressed hope that the book would find success in the market.
Unbeknownst to him, his silver trading strategy was yielding positive results. His team adeptly executed high and low positions, effectively maintaining the cost around $5.65 per ounce. This level of control meant victory was within reach, and those who dared to challenge him would need to lower prices significantly.
The Hunts, despite their resources and capabilities, hesitated to take such drastic action. They controlled nearly 70% of the silver market in the United States, and a significant drop in prices could cost them millions of dollars. With the majority of these funds not belonging to their family, they dared not take such risks.
William White's strategy was proving successful, and as he anticipated, most of the funds currently in the market were not under his direct control. His meticulous planning and execution allowed him to evade the scrutiny of those who sought to decipher his intentions. His financial prowess was concealed, and he continued to navigate the turbulent waters of finance with confidence.