FSJG Index™ Weekly Review
by Frank Barbera
June 23, 2006

General Comments

It was a much improved outcome for the Gold market this week as nearby Gold added ground to close with a gain of $2.60 ending the week at $585.60, up from $583 the week before. For the Gold Stocks, the major averages posted gains with the XAU advancing by 5.31 index points or 4.15% from 128.08 on Friday the 16^th, to close Friday the 23^rd at 133.39. For the HUI, the index gained 17.18 index points to close at 311.48 for a gain of 5.85%. Of note, both Gold Stock Indices ended the week near their highest levels and encouraging technical indication.

Financial Sense Junior Gold Index

For the Financial Sense Junior Gold Index (FSGJ), it was a solid week of rebound activity with the index gaining four days in a row to end Friday at a reading of 242.03, up 10.51 index points from last week's close of 231.52, a gain of 4.53%. On Friday, the FSJG Index closed below the declining 50-day average at 259.37, but more importantly, remained ABOVE its longer-term rising 200-day moving average which finished at 216.56.

For the Junior Producers, the week yielded a gain of 5.83% with the Index moving from a close last Friday of 254.14, to a close this week of 268.98, a gain of 14.84 index points. Here again, the 50-day average represents overhead resistance at 285.90 with the longer-range 200-day average support at 236.27.

Among the other sub-indices, the Junior Development Index ended at 632.69, up 35.96 index points from the prior week's close of 596.73, a gain of 6.02%. For the Development Index, overhead resistance in the form of the 50-day average ended at 695.41 with the 200-day average at 605.97.

Finally, Junior Exploration Stocks also enjoyed a continued rebound after undergoing a nearly 50% decline from the early April high to the mid-June low. For the FS Junior Exploration Index, we saw a gain of .80 index points or .6% with the index closing the week at 117.54, up from 116.74 the prior week. The 50-day average ended at 117.54, with the 200-day average at 99.40.

Financial Sense Junior Gold Index™
Exploration Companies

*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.