Precious metals changed little Wednesday with platinum falling slightly and gold, silver and palladium rising modestly. Gold ended the day near a five-month high.

Gold for August delivery rose $4.90, or 0.3%, to settle at $1,909.90 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Jan. 7 when gold ended at $1,913.60 an ounce.

"The technical postures for both metals [gold and silver] remain fully bullish amid price uptrends in place on the daily bar charts," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures ranged from a low of $1,896.40 to a high of $1,911.60. They edged 0.02% lower in their start to the shortened-trading week on Tuesday.

Silver for July delivery added 10.2 cents, or 0.4%, to close at $28.204 an ounce. Silver futures traded between $27.76 and $28.27. They gained 0.3% on Tuesday.

In PGM futures on Wednesday:

  • July platinum declined $7, or 0.6%, to $1,192.70 an ounce, ranging from $1,179.40 to $1,199.10.

  • Palladium for September delivery added $5.40, or 0.2%, to $2,868.60 an ounce, trading between $2,835.50 and $2,875.50.

US Mint Bullion Sales in 2021

Published United States Mint bullion sales were unchanged Wednesday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods. Products with an asterisk (*) are no longer available.

US Mint Bullion Sales (# of coins)
Wednesday / June Last Week February Sales March Sales April Sales May 2021 Sales
$50 American Eagle 1 Oz Gold Coin 0 2,000 121,000 55,500 38,500 20,500 426,500
$25 American Eagle 1/2 Oz Gold Coin 0 0 9,000 0 0 0 31,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 0 20,000 0 0 56,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 55,000 0 0 150,000
$50 American Buffalo 1 Oz Gold Coin 0 13,000 16,000 33,500 11,000 44,000 166,000
$1 American Eagle 1 Oz Silver Coin 0 0 3,191,500 4,087,000 1,053,000 0 13,106,500
$100 American Eagle 1 Oz Platinum Coin 0 13,600 N/A 35,000 0 40,000 75,000
Tuskegee Airmen 5 oz Silver Coin 0 0 N/A N/A 50,000 2,900 52,900
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Kaiser Wilhelm

This is a great spot to be in if you already have a lot of gold coins ensconced in your collection. It’s not nearly as rosy a scenario if you’re currently looking for more gold coins to fill it with. “There are two sides to every coin”; an old adage that fits rather aptly here.

Mark D.

But there are at least 3 sides to a coin, front side, back side and edge side,…also inside, homocide, suicide, patricide, matracide, pesticide, insecticide, and…dare I say it…REGICIDE!!!

Kaiser Wilhelm

That sure makes coins and humans sound all too similar. We have a front we show to the world, we have a backside a lot of people would love to kick, and we can have quite an edge when we are disgruntled.

Sides.jpg
Kaiser Wilhelm

And Caligula was overheard boasting, “Ate two, Marce.”

et tu marce.png
Last edited 5 hours ago by Kaiser Wilhelm