Rio Alto Mining Limited RIOAF

RE: Peru Market Recovers.

[fleeinggrandich]

The BVL has only begun to recover.

You can follow it by watching EPU, the Peru ETF on the NYSE. I have a last of $39.07. Back in January it was over $50.

No big deal as far as RIO is concerned. The spike to $2.70 last week was just a bunch of funds all buying in at once, being all undisciplined and hasty - probably because of Albini coming out with a $5.80 target. I figure we're going to see a much more controlled advance from now on.

It'll take a very weak day in gold miners for RIO to drop much, I assume.