The elections in Peru of avowed radical socialist Humala is a development of great significance for precious metals and mining investors. It’s not an event that has gone unnoticed by experienced speculators. Mining investors worldwide are eyeing July 28th, when the new regime takes control. So far in 2011 investors have sold off mining assets in Peru and are buying the underlying metals.
What we are witnessing is no less than the ongoing sophistication of the third world.