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We keep an eye on the Peru IGBVL ‘General’ index because it’s a nice way of checking on mining stocks and EM trends at the same time. We’ve had a rally in recent weeks that now sees the IGBVL at the top of its (roughly speaking) 14,000 to 16,000 channel which has remained on track for more than a year. Will this time be different? YOU BE THE JUDGE!