Companhia de Minas Buenaventura SA (ADR) (BVN)

GCBECKWITH (< 20) Submitted: 3/24/08 1:26 PM : Start Price: $33.08 BVN Score: -14.43

BVN is the ticker for Compania De Minas Buenaventuras S.A., a South American precious mineral mining company with most of their assets in Gold mining. With the increased volatility in the US Markets, gold has skyrocketed. Many of the American gold companies and mutual funds are either closed to new investors or their stock prices are astronomical to buy in at this time. However BVN has a very low price per share, and they are a foreign stock, which may insulate them from some of the volatility we are suffering now. It is important to diligently monitor gold trends, because as soon as the American consumer’s confidence in the economy grows and US Markets begin to climb again, gold prices will plummet.

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