Being chock full o' mining companies (43.6% direct miners) and related industries (steelworks, hydrocarbons, mining services), plus banks that invest in mining companiesm steelworks, hydrocarbons, mining services etc, means that Peru's IGBVL rises and falls in line with the fate of the commodities indices (here's the full list of participants and their weightings in the index)| Company | Ticker | Weighting |
| Volcan "B" | VOLCABC1 | 9.04% |
| Maple Energy | MPLE | 7.46% |
| ADR Buenaventura | BVN | 6.39% |
| Southern | PCU | 4.97% |
| La Cima Inv. | LACIMAI1 | 4.23% |
| Credicorp | BAP | 4.18% |
| Austral Group | AUSTRAC1 | 3.85% |
| Atacocha "B" | ATACOBC1 | 3.70% |
| Cerro Verde | CVERDEC1 | 3.56% |
| Milpo | MILPOC1 | 3.54% |
| Relapasa | RELAPAC1 | 3.45% |
| Agro Ind Pomalca | POMALCC1 | 3.22% |
| Minera IRL | MIRL | 3.03% |
| Minsur Inv. | MINSURI1 | 2.98% |
| La Cima | LACIMAC1 | 2.89% |
| Graña y Montero | GRAMONC1 | 2.87% |
| SIDERPERU | SIDERC1 | 2.84% |
| Aceros Arequipa | CORAREI1 | 2.56% |
| Intergr Financ Serv. | IFS | 2.45% |
| Casagrande | CASAGRC1 | 2.45% |
| Bco Continental | CONTINC1 | 2.24% |
| Candente | DNT | 2.00% |
| Morocha Inv. | MOROCOI1 | 1.99% |
| El Brocal | BROCALC1 | 1.93% |
| Alicorp | ALICORC1 | 1.86% |
| Ferreyros | FERREYC1 | 1.79% |
| EDEGEL | EDEGELC1 | 1.68% |
| Scotiabank | SCOTIAC1 | 1.50% |
| Cementos Pacasmayo | CPACASC1 | 1.40% |
| Telefónica "B" | TELEFBC1 | 1.40% |
| Luz del Sur | LUSURC1 | 1.34% |
| Cementos Lima | CEMLIMC1 | 1.20% |
So with the IGBVL now back below where it started 2010 and also at what seems like a resistance level, it might be a good time to buy......or then again, it might be a good time to get the hell outta Dodge. You be the judge.