The Gold Report: Jay, in the June 20 issue of your newsletter, you made the case that gold has broken away from the downtrend that started in late 2011. Why is gold a better investment now?
Jay Taylor: At the time, I was convinced we were looking at a breakthrough in the junior gold index on the Toronto Stock Exchange (TSX). Now, it seems it may have been a false breakthrough.
The S&P/TSX Global Gold Index was as high as 450 back in September/October 2011, dropping to 270 by May 2012. Today, it is around 282. I see the junior gold index as a barometer of the industry as a whole. … [visit site to read more]