Little Louvem Mines appears to be on the lauchpad, fully fueled. Currently, it is in standby mode awaiting its call with blastoff time approaching. In the past few months its advancing share price on a relative strength basis has outperformed gold and all of the senior gold producers. Its internal strength couldn't be better. Louvem's current chart health could be righteously envied by many other gold companies.

The chart says, all systems are in the "go mode" for higher share prices. With the last sale at 55 cents, the shares are above the 100 day average at $0.35, above to 200 day average at $0.415, above the 500 day average at $0.39 and above the 1000 day average at, also, $0.39. Historically, when stocks are in this position they routinely advance in price for many months.

Looking ahead, there is expected to be some traffic congestion on the graph in the area from $0.65 to $0.70. This is the general location of chart resistance from yearly highs recorded during the past 4 years along with the top of a 6 year old declining trendline from just about the $1.25 area from early 2003. If this level is exceeded, it is yet undetermined what effect the 5000 day declining moving average line will have on advancing prices which at the moment is at about $1.00. If prices exceed the this level, they will immediately challenge the early 2003 highs in the general area of $1.20 to $1.25.

What could Louvem's general chart health be telling us? Whatever it is, it's something good coming our way.