FSJG Index™ Weekly Review
by Frank Barbera
July 22, 2005

The FS Junior Gold Index finished the week at 154.48, up 5.62 index points or 3.77% from last week's close of 148.86. The index remains above its 50 day moving average, which closed Friday at 146.98 and below the 200 day moving average ,which ended Friday at 158.91. The Index is just below its recent highs seen on June 15, 2005 at 156.05 and is now up 16.60% from its May 19,  2005 low at 132.48. YTD the index is down 7.54% from the 12/31/04 close of 167.09.  Within the Index, the Junior Producer component was up 7.92 index points (or 5.04%) to 165.01 from 157.09 last Friday, while the Development Index was up 11.65 ( or 2.61%) to close at 457.79 up from 446.14. The Exploration Index finished at 67.71 up from 65.53, a gain of  +2.18 index points or 3.32%.

*Please note that the individual companies in this index are proprietary and will not be disclosed due to compliance and regulatory issues resulting from the relationship of FinancialSense.com, Puplava Financial Services, Inc., Registered Investment Advisor and Puplava Securities, Inc. Member Firm FINRA/SIPC.