FSJG Index™ Review
by Frank Barbera
February 2, 2007
published 02/07/2007

General Comments

It was a rather uneventful week in the precious metals with Gold sporting some gains early in the week only to yield those gains during Friday’s declining session. As a result, the yellow metal ended the week at $651.00, up 1.40 from last week's close of $649.60 and ending essentially flat on the week. In keeping with the indecisive trading pattern in gold, the large cap mining stocks also ended the week flat with the XAU Index, ending at 138.88, up .22 from last week's close of 138.66 while the HUI, Amex Gold Bugs Index also ended the week flat, up just +.35 finishing at 332.48.

Financial Sense Junior Gold Index [FSJG]

Echoing the overall flat activity, the FSJG Indices were largely unchanged on the week with the lone exception being the Exploration Index, which ended with a very strong gain of 4.68%. That gain in Exploration stocks helped boost the FS Junior Mining Index to a gain of 1.83% for the week with the index ending at 293.11, up 5.29 from last week's close of 287.82. For the FSJG Mining Index, the 50 day average ended at 278.66 with the 200 day average at 246.39.

Among the Sub-Indices, the Junior Producer Index ended at 326.21, up .42 from last week's close of 325.79 with the 50 day average at 312.59 with the 200 day average at 274.14. Development stocks were also flat ending at 673.87, up .42 from last week's close of 673.45. For Development stocks, the 50 day average ended at 672.96, with the 200 day average at 651.25. Finally, Exploration stocks were hot on the week, ending at 163.97, up 7.34 index points or 4.68% from the prior week's close of 156.63. For the Exploration Stocks, the 50 day average ended at 148.39, with the 200 day average ending at 120.50.

That’s all for now,

Frank

*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.