On news world governments were to buy bank stakes, stocks soared 11% on Monday, marking their first rise in nine sessions and setting various new records. The luster in stocks made ill for gold. The yellow metal faltered for the third session, dropping 1.9 percent compared to platinum’s 0.8 percent fall. Silver shined with a 1.8 percent rise.
November crude rose $3.49 to settle at $81.19 per barrel. MarketWatch reports that Goldman Sachs has cut oil forecasts to $70 a barrel from $115 by year-end.
December silver made 19 cents to close at $10.79 an ounce.
January platinum fell $7.60 to end at $997.60 an ounce.
Gold for December dropped $16.50 to close at $842.50 an ounce.
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(Santa Ana, California) – A hoard of Indian Head $5 gold pieces found in an unclaimed bank safe deposit box in Florida has been certified by Professional Coin Grading Service (PCGS). Nearly half of the 262 coins graded mint state, including dozens of rare date 1911-S and 1916-S Half Eagles.
"This is an incredible discovery. They came completely out of the woodwork," said Lexington, Kentucky and Sarasota, Florida dealer, Jeff Garrett, who jointly purchased the coins with dealer Marc Earle of Saint Petersburg, Florida from a government sale of unclaimed items. They then sold all of them to Bill Gale of New York Mint in Edina, Minnesota.
"This is one of the more unusual hoards I’ve seen in my career," stated PCGS Founder, David Hall. "There was a group of 1910-D $5 Indians that appeared in the 1970s, but that was over 30 years ago. This is the only large group of mint state San Francisco Mint $5 Indians I’ve ever heard of. By far, the S-mint issue are the rarest $5 Indians to find in mint state."
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India’s government announced on Saturday that it would issue a commemorative coin celebrating Sister Alphonsa. Pope Benedict XVI conferred Sainthood on her Sunday, making her the first native-born saint from India
"This exceptional woman, who today is offered to the people of India as their first canonized saint, was convinced that her cross was the very means of reaching the heavenly banquet prepared for her by the Father," said Pope Benedict XVI.
"She wrote, ‘I consider a day without suffering as a day lost.’ May we imitate her in shouldering our own crosses so as to join her one day in paradise," he added.
St. Alphonsa Muttathupandathu was a nun from a remote village in Kerala (Southwestern India) who was known for her holiness during a lifetime of extreme physical suffering. She was born on August 19, 1910, and passed away 62 years ago.
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