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Weekly Recap: Baseball Hall of Fame Coins, Silver Eagle Design, CSNS Auction Highlights

Welcome to the first Coin Update weekly recap! Rather than the previous daily round up, we are going to try encapsulate the coin news and articles for each week in a single recap. Those who prefer to receive their coin news on daily basis are encouraged to sign up for the email subscriptions available from […]
 

China Sets Up Gold Bullion Fund For Central Banks

– China’s new gold fund – 60 countries to develop gold mining projects – Allow member central banks to have easier access to gold – Gold to be traded on increasingly important Shanghai Gold Exchange – Another important step in making yuan reserve currency – China and Russia challenging U.S. dominance in key Eurasia – […]
 

SPX Steep Retracement of its Decline

SPX has retested the rising trendline, making a 75% retracement of its decline from yesterday’s high. It appears complete or nearly so. If correct, we should see the decline resume in earnest this afternoon. ZeroHedge reports, “After a very modest bounce in April, Philly Fed fell again in May, printing a disappointing 6.7 (against 8.0 […]
 

Is Greece Still A Country If Someone Else Owns Its Assets?

This story isn’t actually about Greece, but it begins there. After the country went functionally bankrupt a few years ago, the solutions proposed by its creditors (mostly European banks and governments) included the impoverishment of its current citizens through cutbacks in wages and pensions, the impoverishment of its future citizens through the borrowing of even […]
 

IAMGOLD Meets First-year Commitments for Monster Lake Earn In

TomaGold Corp. (TSXV:LOT) announced that IAMGOLD Corp. (TSX:IMG,NYSE:IAG) has met the first-year commitments for its earn-in option agreement for the Monster Lake property.