SWNOVELS Chapter 1454
Chapter 1454 Gold Prices Skyrockets
Every single stock trend on the screen before him seemed to deliver a brutal blow to Kenton. His confident smile vanished in an instant.
Among all the trends, one stood out sharply the price of gold, which they had all been certain would plummet, was increasing!
"Is the price of gold increasing? How could it be going up?" Kenton's eyes were blazed with fury.
Didn't Yvette assure him that the price gap would emerge once the market opened in the afternoon? Yet, in just one morning, the price of gold had surged by ten dollars per share! To put this in perspective, during a market downturn, even well-established companies might see their stock prices barely holding at a few dollars per share. That was practically barely sustaining the most basic shareholder interests, not to mention investors.
In contrast, a ten dollar rise per share was monumental. It meant that investors in gold not only avoided losses, but some might even see their investments catapult them to a new financial echelon if their stakes were significant enough just from today's movement.
Kenton could hardly accept this outcome. The Quinnell family had already reaped significant profits from the land deal! He would never allow the Quinnells to earn money from even the stock market!
Kenton was overwhelmed by his frustration as he looked at the stock trends on the screen. Then, he picked up his laptop and hurled it to the ground.
The Chamber of Commerce members felt a cold shiver run down their spine and quickly rushed to intervene.
"Mr. Wray, please calm down."
"Yes, please."
Some of them were genuinely worried that he might crush his laptop. Considering this was Kenton's office, they were concerned that they might not be able to see the trends of their own stocks.
They took note of the expression on Kenton's face and carefully took the laptop away from him.
"Mr. Wray, it's not surprising that gold prices have risen. Didn't Mr. Lockhart mention that they might push gold prices to their peak on the first day to hide the risk and attract more buyers?
"After today, gold prices will likely drop significantly. By then, we can benefit from the investments made by the Quinnell family."
"Exactly, Mr. Wray. And it's not just the Quinnell family, there are also the countless retail
investors nationwide. They are not the only ones who followed the trend and bought gold. Gold can only rise today, so let's focus on the three stocks we invested in. What do you think?
Kenton's expression finally began to ease as he considered the last opportunity he had. He reopened his laptop. This time, his hands were sweating slightly as he navigated the mouse. "Come on! It has to rise!"
He clicked the mouse, and the next screen showed that the stock trend was going up.
"It's rising! Mr. Wray, all three stocks are up!"
All three stocks were indeed increasing. However, they were only increasing by a dollar. Nevertheless, for Kenton and the Chamber members, who had invested heavily, seeing any increase was enough to spark visible enthusiasm.
"Ms. Yates was right! It's definitely going up!"
"Today's rise is just the beginning. It will surely go up even more, Emmett!"
"Increase the stakes! We have to continue investing!" Kenton tapped on the table a few times. His gaze never left the stocks he had invested in. "Contact the trader and increase our investments!"
One of the members hesitated at his instruction.
However, the rest were filled with fervor. "We will listen to you, Mr. Wray. We'll increase our investments together."
Kenton nodded. "Then let's continue to increase our investment in the other three stocks. The trend looks promising. We should see a major breakout by this Friday. We need to recover the losses from the land with gains from these stocks!"