Don't you think we'll re-test the ~$50 price beforehand?
doubtfull,the 50$ floor is not imaginary.

it all comes down to psychology
sellers don't want to sell below 50$
buyers are happy to buy tons at 50$
... RALLY!
Very true. People these days just want to make money, and other people want to save money. What has this world become?
That's how the world works, kid.