Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good for you, heyitsmeagain. Welcome to the MGLD board.
Just a bit of feather russelling, you suggest? shirley, you can't be serious? candice all just get along?
YES!
We MGLD folks ARE INDEED long past and very far-removed from needing to see a definitely poor pedigree of news link that purports to make a strong case for Marygold. And to think that this even needs to be pointed out at a time like this when there are readily available so many high-quality MGLD news items on the horizon with which to share!
Below I've just copied the MGLD link from the second to the last post before this one to give you readers a chance to see the abject worthlessness of a spate of stock speculation juxtaposed along side of recent market comparisons from a non-credible news source masquerading as something reliable.
Read it for yourself and look at the baseless conclusions drawn along with a supposed next Monday lift-off event for MGLD. No kidding?
It may happen that way, but not because some weak-ass company calling itself "Investor's Observer" goes out on a limb and makes a call on a future event.
Also, just look at the Paragraph heading that reads "What's Happening with MGLD Stock Today?" which was drawn from yesterday's 8% gain to close at $1.62. Hmm. I guess that now they'll have to print a retraction tomorrow after TODAY'S 8% loss down to $1.49! Here it is:
https://www.investorsobserver.com/news/stock-update/is-marygold-companies-inc-mgld-stock-about-to-get-hot-monday
Concerning my previous post, that's where I'm at in a nutshell with MGLD and have been successfully for a long time.
Any questions or comments?
Any opinions on the FBI's raiding of Donald Trump's Mar-A-Lago home as I post this?
I hope that nobody was fooled by the MGLD stock price action today either on the buy or sell side with uninspiring volume. Though either move on one's part could ultimately prove to be correct depending on where MGLD goes from here, it is always best to make SELL moves on higher volume days as has happened in the past.
On heavy MGLD volume days like that, price usually follows volume in lockstep. In other words, you'll probably never see in the near future a day where 15,000,000 shares of MGLD trade with a high/low spread of only 10% of its value by day's end.
That kind of stuff you'll usually see on higher-priced, higher-volume biggies whose daily volume always averages in the millions anyway.
The take-away? Those big price spike days will come with MGLD. Are you prepared and alert enough to be gradually accumulating your shares in your accounts now?
Will you also be at the ready to sell into strength on a news-driven, profit-taking day when MGLD may double in price OR MORE on those 15,000,000 shares being traded perhaps in the first hour?
Will you have also learned the second part of the MGLD lesson as you watch other interested market forces and participants drive the price back down again significantly by the close of the day?.....and perhaps even further on subsequent days after the news effect has faded from memory?
In short, don't miss opportunities to own shares cheaply, and don't miss opportunities to DIS-own them! And finally, don't be in too big a hurry to re-acquire them after you've taken your profits. Let MGLD seek its own sustained level before committing funds again.
Another AI angle on MGLD would be for Edwards to have a "You've Lost Money" voice response when Marygold's stock price spikes and sinks again as no one takes profits as they wait for $20 per share.
MGLD readers and shareholders, please do feel free to contact me at my email address on my I-HUB profile page. Others have already availed themselves of this option and have received and appreciated my take on issues regarding MGLD and our board.
See you soon!
Concerning the moves made on this MGLD board, I would like to quote from Shakespeare's Hamlet, wherein the Queen is giving her opinion of the overreactions and maneuvers of another in an attempt to cover the truth.
Shakespeare's famous and in this case the most currently dead-on sentence she uttered with relevance to our MGLD board was "The lady doth protest too much, me thinks."
My apologies, Madam, if this hit a little too close to home for you.
UNLESS and UNTIL there is some substantive reason given on the internet for new buyers who are not aware of MGLD to jump in on this stock and/or UNLESS and UNTIL those who know about it suddenly get freshly bitten by the buying bug via some sparkling news announcement, we're looking at a stagnant period of going "nowheresville."
No big deal. This is the time when buying cautiously should be one's guide. MGLD has treated me well as a picky buyer and also as a non-greedy seller at various points in its history.
MGLD's "nowheresville" has always led me to a "somewheresville" windfall every time. All I had to add to the mix was a willingness to wait and the courage to commit capital at the right time.
Now you MGLDers, you are seeing the waiting game to be endured between the opportunities to BUY this stock on dips with decent 6- or 7-figure volume days and SELL this stock as a trading vehicle on 6- or 7-figure upside volume days as its had before.
PATIENCE between these key trading events is definitely required as you can see, but well rewarded, the results of which I can firmly attest.
All very nice features for the person who is on-the-go. Whether this will move the needle on MGLD's future balance sheet is TBD, but I like what I hear so far.
Welcome to the world of virtual everything.
What's next?
MGLD board's news messages beamed directly into our minds?
Do try to keep it to a minimum in that case, eh, Doc?
Translation: "The best "penny-stocks" to buy before the end of the summer according to these experts."
Maybe so, but I don't rely on stock recommendations, even MGLD, from anyone - no matter what language they speak.
I do however speak fluent "Profitese."
Knowing how and when to enter BUY orders practically and economically without pushing the price UP by getting filled solely on one's own volume is a tricky business on stocks like MGLD. Resolve to place no market orders ever on buying this stock!
Conversely, knowing how and when to SELL into sufficient accelerating price and volume so as to not drive DOWN the price is another minefield. Again, no market orders!
When the price and volume make it easy to BUY at the BID sufficient quantities that others are dumping, THAT is when you BUY. You SELL into strength at the ASK when a stock spikes such as CNCG/MGLD have done periodically on great demand.
Please note that I also use GTC's weeks out to buy or sell block quantities of MGLD at the price I'm willing to settle for. These GTC's are in addition to the buy or sell bargains I look for on specific days.
As a rule I have roughly about half my MGLD holdings on GTC's on the sell side and the other half I keep free to let go at various prices. Over the years I've even adjusted my GTC's when I could see the price would be moving up, thus making more profit selling into greater strength later that day or week.
Today's action gave neither scenario a chance to succeed. Not enough volume or momentum to sustain the upside. No follow-through support to keep MGLD from falling back. In my book and according to my style of playing, this was not a bankable MGLD trading day.
Be patient on both ends of the spectrum as to when to place MGLD trades. Let the public come to YOU and YOUR price instead of YOU chasing THEM either up or down.
This was a good week for some to have done some accumulating of MGLD shares.
I think have enough for now, but I also think we may have seen the bottom with what I feel is about to happen in a bigger way for the company. All signs point to this.
Until the holiday-shortened trading week coming up, all of you have a safe 4th.
MGLD news updates are nice and can be found by anyone at their source, but its convenient for a busy trader like myself to see them here all at once courtesy of the newsman. The increase in NAV and AUM, etc. in the MGLD subsidiaries are why I stay in this stock as trading vehicle.
I'll never leave it to an MGLD poster (how can I?) to advise me on the most valuable and important part of the entire scenario, which is how to consistently trade this company successfully. That is what I do best and always have..........which may or may not be "news" to some.
Along with the multi-day upticks in MGLD since the recent $1 lows, we received an early trading bonus this morning and again near the end of the market day. As we all know, MGLD had 85+ million shares traded in one day in March as quality news broke. Yet, as with today. there's no accounting for when folks all decide that today is the day to buy and/or when short covering will take place.
Since I, like a lot of traders, hardly ever keep anything long term (assets held over 1 year), we adhere to the use of the LIFO (Last In - First Out) method of calculating profits. Hence, and as I assess my trades today, I see that the 58,471 MGLD shares I sold today at a cost average of $1.838 were most recently bought at a cost average of $1.172. CHA-CHING!! THANK YOU! NEXT!!
Who knows? I may be completely sold out of all my MGLD if there is any follow-through next week. Either way, MGLD is a worthy vehicle of trading interest which, like today, should provide plenty of liquidity opportunities now and in the future
There is always another market day adventure awaiting the unchained and nimble traders of the world.
Concerning my last post, I would also like to be able to invite those who have their own MGLD ideas to share them with me, all of which would be on a free-of-charge or obligation basis. Its just shareholders helping other shareholders, which I believe is something that is sorely lacking in balance on this MGLD board.
A good evening to all.
I've had a thought recently about how I could actually help more of the MGLD shareholders by giving my insights on a more personal level. I thought about putting an email of mine or perhaps even a cell phone number on my I-HUB profile/contact page.
This would allow interested MGLD parties to be able to get my honest and worthwhile input. You might say that this would be a beneficial addition to, or possibly a total replacement for having to read posts here that are essentially only forwarding the MGLD news of the day. Yawn!!
Most of this MGLD "news" one reads here can easily be found on their own by accessing the same outlets the "nightly newsman" is accessing. I can greatly help you with how to do that as well. You might even be able to avoid coming here at all.
I would like to hear back from anyone who would like to avail themselves of this contact with me about MGLD. Reply to me here. Through this I can then gauge the level of interest as to the feasibility of this concept.
You've underscored the ONLY reasons I'm even trading this company, which have to do with the state of its present incarnation and thus its potential upside. You've heard me say unequivocally before that I NEVER fall in love with and marry ANY stock. What MGLD has going for it now makes it worthy of dating only, which in itself is a significant level for me to commit to.
THIS is the BIG and GLARING difference between myself and the woefully stagnant financial mindset that one usually finds on this MGLD board, wouldn't you say?
This internet address: themarygoldcompanies.com/ copyrightrighted you submitted in your post only yields an error message when accessed. Please resubmit after addressing the obvious typos.
Thanks.
I would like it to be noted by you MGLDers as to WHY I never held on to my CNCG shares during the times when those shares spiked on exciting and newsworthy company press releases by as much as 20+ times more than what I paid for them.
First of all, there were times during the middle years when CNCG changed its business model several times in trying to find itself. Because of this, its stock price fluctuated up and down. As these fresh business model announcements were made there were dramatic upturns only to be followed by troughs where CNCG was trading for much less than half a cent. That fact will also tie in directly to the CNCG reverse splits I referenced last night here on my posts. Follow along.
I had the overriding thought that if CNCG was going to really make it as a viable company, it could not do it with eight or nine figures of shares either issued or not as found in its filings. I knew that at some point they would have to reduce the number of shares to create the value needed to propel them upward or forever stay on a pink sheet. Its only common sense market economics.
With this fully in mind, I luckily was out of all CNCG in March, 2014 and stayed out, thus avoiding all the reverse splits. I count this decision as one of my many blessings. I had/have too many other things to trade to allow myself to go to the well one too many times. I did not get back in again to CNCG until it was less than a dollar and above following the post-splits.
And as you know I got completely out of MGLD (formerly CNCG) on the morning of March 11 of this year in yet another serendipitous liquidity event via the NYSE uplisting news. As of now I'm again in a cautious bargain-searching mode with MGLD.
How the directorship of CNCG at that time in the earlier 2000's could let things get so far out of whack with printing/authorizing so many shares is inexcusable. The ensuing reverse split moves harmed so many other trusting people by having their investments disappear.
NOW perhaps you understand a bit more about the severity of my words directed at them here last evening.
I have one more thing to add to what I just posted:
When MGLD Mssrs. Gerber, Neibert, Yu and whoever else is still around from that era can summon the courage and have the stomach to address the older stockholders I referenced who suffered through a combined 1-for-300 reverse split debacle with their CNCG holdings and then be willing to offer THOSE folks specifically a heartfelt explanation and apology in appropriate humility, then at that point they might start to look like the kind of men they would like us to believe they are.
Care to try, gentlemen?
At the end of paragraph #4 of MGLD's most recent quarterly release (see DrD's earlier post for the sec.gov report), Nicholas Gerber says: .......To those shareholders who have been with us since 2002, thank you for your patience.”
All I have to say in response to his expression of gratitude is: "No need to thank me, Mr. Gerber. CNCG/MGLD has made me a lot of money at various points. Yes, I've most surely been with you since the 2000's during the times when it was right to BUY CNCG/MGLD, and I've most definitely not been with you during the several times when it was in my best interests to SELL.
I will however accept your gratitude on behalf of those poor, faithful, supportive and long-suffering shareholders who did not know the importance of, nor did they have the necessary foresight or experience to know when to properly employ EITHER STRATEGY."
THOSE are the ones who suffered huge capital losses from the 2 big reverse splits you authorized. THOSE are the real ones from whom you and the rest of the CNCG/MGLD directors should seek forgiveness for your actions.
In the spirit of being totally fair concerning BOTH sides of issues involving MGLD, did any of you see at the top right of the I-HUB MGLD log-in page that for roughly the last 4 days MGLD has hit a downwards 5-year price breakout?? Now, THERE'S news worth sharing with ya!
But, my God in Heaven,......why didn't someone we know already stay true to form and copy that very news item here that underscores this as a truly relevant MGLD issue? What happened? I was hoping they would have beat me to it tonight, but nary a peep so far.
In any case, don't lose hope, you MGLD diehards. See if now or at a still lower level is conducive to adding to your positions, if you have a mind to. Right now the "Old Walkdown Routine" with MGLD is holding sway as usually happens with these lower priced stocks.
I have my own game plan as well as my trusty stock playbook to refer to. You should have yours. We'll get our sizable jumps in time.
I hope that you MGLD folks cannot help but see the tremendous diversity available as the markets boil with opportunities to be either long/short daily on specific stocks/ETF's or via their corresponding option contracts.
MaryGold Companies should not be your only concern. It isn't mine and will never be. Look you MGLD people, broaden your knowledge and then you'll be on this board solely as a bit of momentary evening diversion or recreation after a successful market day foray like I am. Then you'll be living La Vida Grande as we all wait for MGLD to rise instead of just following a few posters here who seem to be doling out highlighted links for the purposes of maybe only pacifying themselves? You tell me how you feel.
Think about it, you MGLD amigos!
Let me add that if it is any of you MGLD stakeholders who are part of this board and are selling your shares at this point, please tell me WHY???
Good night. See you next week and a Happy Mother's Day to all of you muthas.
Picked up another 53,000+ MGLD shares in the last three days between $1.21 to $1.27. I did this to lower my cost average per share to $1.415, which is reasonable.
Not sure if MGLD will break below the $1.20 price point, but I am cautiously ready if it does. Yet, there is no pressing need for me to buy more even at lower levels. I don't mind holding a decent six-figure number of MGLD shares @ $1.415 considering all the factors.
Anyway, I don't cross or refuse to cross bridges that are still on the horizon.
BTW, is it any of you readers here that are doing this selling?
Don't the MGLD faithful have anything to say this week? Gee, I take a break from I-HUB hoping to find the usual amount of fresh postings that I can either support or challenge, and there's NOTHING? I'm mildly surprised.
Good thing I had a tremendous up day and liquidated after Powell spoke following the Fed's decision to just do a 50 bps rate hike instead of the 75 bps the market was fearing.
I didn't even make as much as I could have made since I was out when the S&P was up over 100 points. Over 120 points at one point later was unreal! However, one would have to have been a fool not to take the profits such as I had staring me in the face on the SPY that I frequently trade up and down.
Anyway, tonight I'm resting my financial warhorse in the barn and we'll be ready for fresh trading battle tomorrow as I take the pulse of what "the day after" effect has on the market.
Hope you MGLD folks had some nice profit-taking events with your other holdings during all this afternoon action today.
Well wishes!
majestic14, concerning your input that any particular person who posts on this MGLD board should be hired for an Investor Relations position within the company itself needs to be thought through a little more.
Just being a staunch internet investor site supporter of a company doesn't necessarily qualify one for the manifold responsibilities that go along with that job. From my own corporate experience I can tell you that virtually everyone hired within any company wouldn't be there in the first place if they didn't like or endorse their employer.
With that said, the Investor Relations position in MGLD or any company requires that the person(s) occupying that space possess a balance of qualities and training that REFRAIN from being enthusiastic about their company's potential.
From personal experience I can tell you that the set of SEC and corporate protocols that must be strictly followed during the fine line Investor Relations people must walk when speaking to current or potential investors would, in all honesty, probably disqualify us all from that position.
I think that the individual you referenced would probably agree with what I've said but no doubt feels complimented by your comment on their behalf.
I must give my response to "THE REAL SPIEL Season 1, Episode 6" transcript link given by USCF's Ryan and Kirk that I just read.
It may have been crafted to demystify. However, as someone who has regularly and successfully dealt in the world of commodities for over 30 years, I don't think I could have found a more verbose or confusing mini-educational session dealing with the subject of commodities. With this in mind, I have to laugh at the title of their talk: "Demystifying Commodities Futures: Contango and Backwardation"
This is what happens when this pair tries too hard to encapsulate a subject better presented to a roomful of experienced brokers/traders who at least know something of what they are talking about than to wrongly assume that an uninitiated audience is going to be able to follow along.
Their head-scratching presentation gets so mired in the weeds of giving muddy and digressive explanations of albeit important side issues inherent in commodities trading that by the end of the talk almost everyone is more confused than ever. And the vegetable oil (soybean or palm?) reference was about the poorest commodity example to choose for educational purposes.
I'm now going to make it simple with he best advice I can offer. I know only too well what they were TRYING to say, but a usable education on Contango, Backwardation and other key subjects related to what USCF is doing on a daily basis is better acquired from one's own internet research.
There, if one is interested enough, one can find clear and ample information to be grasped at your own pace by those who actually succeeded in demystifying the subject matter of commodities. Many books are also available on the subject both from an economic and educational/trading perspective.
Today's 600,000+ shares traded of MGLD should give a roadmap to the wise as to how this stock should be dealt with. Anytime you see a stock open and then close at around the same price with a rather large bump up in price somewhere in the middle it tells you something.
There was definite public buying interest that pushed MGLD to almost $1.80, but not enough to keep the short sellers from using the old "walk down" routine that is used consistently and unabashedly on every stock. (BTW, they can also play the opposite side of the game with the "walk up" gambit to encourage buying that they can then later short!)
Does anyone here honestly believe that it was solely the public itself that pushed MGLD all the way back down almost to its opening price by end of day?
The current climate in which MGLD finds itself is good for accumulating shares on the lows and then being willing to wait for times where one can sell significant blocks of shares into the public's demand and, coupled with the shortsellers' panicky escape plans, will then drive the price and volume into orbit.
Be patient. MGLD will give you those opportunities.
It may be "TIGER TIME" for MGLD, but it was "BUY TIME" for me with over 14,000 shares today. This gives me roughly 135,000 new shares accumulated now after I dumped all my earlier blocks of MGLD the morning of 3/11/22 when it got to around $7.00 almost right out of the gate after uplisting.
With my current cost average at $1.697 per share since that day in March, MGLD, in my own estimation, is a mega-bargain from here on with what it has going for it now. Price drops like we've had recently, especially when the overall value of something isn't anywhere near reflected in that price, can't scare me off. I'm never frightened anyway in any market situation due to my years of employing sane and proper risk management.
Again folks, I'm a trader first and foremost, looking to take profits on selected price and volume upturns, which MGLD should provide me big time at various points. As far as the rest of you in how you manage your holdings of MGLD is concerned, to each his own!
Did I happen to watch the MGLD presentation at the VGC, you ask? What an earth-shaking event that must have been!
No, I missed that along with the last Academy Awards show, the last Super Bowl, the last New Year's celebration gathering here in Times Square, the last New York City Marathon, the last World Series and most of the Black Lives Matter demonstrations in our streets some time back.
I DID happen to catch a few reruns of "The Tonight Show with Johnny Carson" one evening last week. I have to admit I was in the mood for something really, really far out for a change!
Because I was in a festive mood in anticipation of the holiday weekend, I made myself an Easter gift of another 20,000+ shares of MGLD. The mid-day $1.50 area was an attractive price to be filled at with what I have in mind for how I intend to play MGLD.
With just over 120,000 shares accumulated since my early Friday, March 11th total MGLD price spike liquidation sale (on 82,000,000 shares traded that day), I'm now in what I feel is great shape for whatever the near future has in store as Marygold begins to flower on all fronts.
Call me a risk-taker, but today I was in full-blown speculative mode (with a definite goal in mind, of course) as I accumulated over 45,000 MGLD shares. This sub-$1.60 level was and is attractive to me.
Tomorrow is another day and I might add that GOLD FUTURES have been treating me like royalty for the last week. Through Goldman Sachs I took some of the shiny metal's profits this day and still holding approximately half of my position.
This is the life we choose! MGLD, you can do as you will......I'm ready for you either way!
Today I amply made up for the 22,000+ shares (roughly 40% of my position) of MGLD I let go in the late morning yesterday @ $2.20+ by buying a little more than that back late today @ sub-$1.70.
As you know, I'm a trader first and foremost of everything I touch. While some here are waiting patiently for an eventual $20 with their MGLD shares, I will have bought and sold maybe 50 times or more what others are holding onto during that time by taking healthy profits at several key points along the way.
The last 2 days worth of MGLD price action speaks for itself. I'm not one to fall in love with any stock, commodity or currency. If properly treated and respected for what they can yield, they can ALL be consistent vehicles for profits in the hands of those willing to do the full span of hard (but enjoyable) work required for such unusual gains.
A worthy afterthought:
Now that enough of you know only too well how I stand on various issues with regard to MGLD, its posters and on trading practices overall, I should probably ask at this point if anyone has any questions about anything I've covered.
Come now, don't be shy! All questions will be treated with dignity and respect. Give me at least 48-72 hours to check in and then respond.
Unlike some, I have MANY other things to occupy my days and my evenings.
Ciao for now, MGLD!
Looks like so far this week everyone is sitting under their beach umbrella with MGLD while waiting for someone or something else to make waves.
Not at all interested until there is significant volume/availability to either buy in or liquidate with ease. I studiously avoid bid/ask number crumbs that waste a person's time.
Until I see MGLD trade again in numerous and sizeable blocks totaling at least a decent six-figure daily volume with whatever interest levels up or down get my attention, I'll wait.
Anyway, and from a longtime trading pro's standpoint, CNCG/MGLD definitely didn't make me and it sure as hell will never break me!
Not disappointed in the least at the $0.20 drop by end of day, although it was too late for me to accumulate the significant amount of MGLD that I would have willingly bought around the $1.60 area or less.
Next week is another opportunity for MGLD traders here to determine if this current environment is a time to dive in, dip a toe in the surf, sit under an umbrella in the sand, or dispose of their beach paraphenalia altogether.