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Re: ELAL7474 post# 3321

Friday, 08/26/2022 12:28:24 AM

Friday, August 26, 2022 12:28:24 AM

Post# of 3685
It would take something quite motivating on the part of the public for a MGLD price move to occur anywhere near what we saw in March. And even then, will it be as frenzied a move upward as occurred that day when the MGLD uplisting news, etc. was enhanced greatly by internet buzz buying?

There were no doubt buyers that day that entered at higher prices and they, along with so many others, witnessed how fast prices fell back as the buying dried up. Subsequently, this has made everyone wary thus causing this up-and-down atmosphere we're experiencing now.

Yes, it is for the present, in the hands of the MM's who also trade for their own accounts or for the accounts of who they work for. Its an easy gig when you have the power to set prices and control the action. Only substantive buying will propel prices upward as they cover their short positions, or MGLD will have to have much higher daily volumes to sustain us at much better prices. Even then, will this too be only short-lived as we have seen?

People will just have to ask themselves, will the impetus of future MGLD price bumps be the same, sole news-driven events as were the case with the history of CNCG? In whatever scenarios MGLD gives us, are we truly prepared in our hearts to wait it out without reticence for the later reward we know is coming?
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