Financial Sense Junior Gold Mining Index Comments
Obviously, we will be keeping a close eye on the trend in the days and weeks ahead, but we also note the 50-day average for the FSJG Index which over the last two weeks has slowly begun to decline. Turning to the weekly numbers, nearby Gold ended lower at a reading of $655.20, down $6.90 on the week, or 1.04% from last week's close of $662.10. For the FSJG Mining Index (shown above), the week produced another big loss, with the index down 4.55% to finish at 286.28, down 13.67 index points from the prior week's close of 299.95. The 200-day average is the next support and that ended the week at 275.58, while the 50-day average is now fairly strong resistance at 312.41.
;):D