Financials

On Monday the XLFs found support at the $23 level.  This is the same level that they found support at in January.  Going forward, this is an important level to watch.  If it breaks there could be a large selloff.   

 

 

The World's Largest Coin was Stolen Yesterday

You could never palm it, flip it or plunk it into a vending machine. But apparently it can be pinched: The world’s largest gold coin, a 221-pound Canadian monster called the Big Maple Leaf, was stolen overnight from the Bode Museum in Berlin, the police said on Monday.

The coin is about 21 inches in diameter and over an inch thick. It has the head of Queen Elizabeth II on one side and a maple leaf on the other. Its face value is 1 million Canadian dollars, or about $750,000, but by gold content alone, it is worth as much as $4.5 million at current market prices.

And though it weighs about as much as a refrigerator, somehow thieves apparently managed to lug it through the museum and up at least one floor to get it out of a window at the back of the building. The police are still trying to figure out exactly how they did it.

Given the coin’s weight, the authorities said they suspected that more than one person was involved. Their theory for now is that the thieves dragged the coin through the museum, out the window and then along the railway track, possibly reaching a park on the opposite bank of the river near the Hackescher Markt, a public square in Berlin that is home to a number of late-night bars and cafes. The police appealed for clues from anyone who had been in the area at that time.

Experts said it would be difficult to sell the stolen coin, but worried that it could be melted down and the gold resold on the open market.