Avion Gold Corp AVGCF

RE: Over 12M shares traded

[JonEcash]

So true Retiring Young.  As the saying goes, VOLUME precedes PRICE, and this is the second highest volume day ever I believe.  Which puts a beautiful spike on the daily chart (and also on the weekly chart after tomorrow), that corresponds with a lot of other bullish technicals (i.e. MACD and Stoch crosses).

Those insiders do a lot of their transactions through houses 73 and 33.  Guess which houses were the biggest buyers today?

Lastly, someone posted why AVR would be at this current price if it really was as good as advertised.  Well the reason is that the story is just BEGINNING.  The company hasn't even had a full year of production yet, so they have to prove that they are capable of doing so profitably; not just now but for years.  And just because they say they are going to increase their resources and increase their production rate, that doesn't mean it will happen for sure.  I think they can and will, which is why I buy now.  Other investors or institutions are not the risk takers I am so they prefer to wait for a few quarters of profit and growth, along with NI 43-101's. 

But guess who'll be making bank once they all decide to join the party?

J$