Louvem's shares have been registering a bottom formation for the past few years. The stock continues to be accumulated by a sizable buyer from scattered sellers.

Louvem's relative strength continues to improve in a weak gold environment. The current range of consolidation is .65 on the upside and .50 on the downside. Gold appears to have bottomed this morning on the COMEX just above $840.00, last is $856.50.