401k's across the board are taking heavy hits while Louvem's shares are outperforming everything including gold and all precious metal related shares. The general public hasn't even a clue that Louvem exists. An early preopening book market was displayed recently showing the best public bid as being only 10 cents. Isn't it interesting that each time a sizable offering appears it is gobbled up?

IMO, there is a short selling element at work in Louvem's share market along with an appearing and disappearing good sized buyer. I see some long term investors scaling down their positions as they just can't stand the higher price and have a need to cash in as probably everything else they own is losing them money and possibly, selling here makes them feel better that something is profitable.

For whatever the reasons may be for movement in the shares one thing is certain IMO and that is, Richmont is refocusing their interest at the Beaufor mine. It also appears that Richmont is looking to expand operations at the mine with a stepped up drilling program. If Richmont announces plans to increase production capacity at the Camflo Mill just west of the mine in the near future, then ounces produced for Louvem's account will increase and so will their earnings.

With gold still in a reaction mode following its second failure at the U.S. $1000 area, it cerainly isn't a good time to be off-loading Louvem shares and the big buyer knows this all too well. This is for a very good reason, gold is in a major bull market, as is Louvem, and declines and rising consolidation areas will always be bought by smart money. The next time gold approaches the $1000 level it will go through and Louvem's share price will join in for all the fun.

You haven't seen anything yet.