Gold and Silver Rise Sharply to Log First Gains in Five Sessions

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Precious metals posted sharp advances on Thursday that ranged from 1.8% for gold to 5.3% for palladium. Gains in gold and silver were their first in five sessions.

Gold for April delivery bounced $34 to settle at $1,943.20 an ounce on the Comex division of the New York Mercantile Exchange.

"Markets continue to watch the interaction of supportive factors with headwinds," MarketWatch quoted Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. "Supportive factors include geopolitical risks from the Russia/Ukraine conflict, still very negative real interest rates, and investors seeking shelter from higher interest rates and resulting poor bond returns." Headwinds include a stronger U.S. dollar and the "ongoing cyclical reopening and recovery from the coronavirus pandemic."

Gold futures traded between $1,924 and $1,951. They fell 1.1% on Wednesday, marking their lowest settlement since Feb. 28, they shed 1.6% on Tuesday, and they gave back 1.2% on Monday.

Silver for May delivery surged 90.6 cents, or 3.7%, to settle at $25.616 an ounce. Silver futures ranged from a low of $25.16 to a high of $25.75. They dropped 1.8% on Wednesday, for, also like gold, their lowest finish since Feb. 28, they slipped 0.6% on Tuesday, and they fell 3.3% on Monday.

In other precious metals futures prices on Thursday:

  • April platinum added $23.20, or 2.3%, to $1,031.30 an ounce, trading between $1,013.20 and $1,035.50. Platinum gained 0.6% on Wednesday, plunged 4.7% on Tuesday, and lost 3.3% on Monday.

  • Gaining for the first time in seven sessions, palladium for June delivery soared $124.70 to $2,492 an ounce, ranging from $2,366 and $2,537.50. Palladium fell 1.9% on Wednesday, dipped 0.2% on Tuesday, and sank 13.6% on Monday.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales were unchanged on Thursday. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.

US Mint Bullion Sales (# of coins)
Thursday / This Week Last Week January February March 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 60,500 123,500 86,000 69,000 278,500
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 45,000 0 1,000 46,000
$10 American Eagle 1/4 Oz Gold Coin 0 12,000 64,000 4,000 12,000 80,000
$5 American Eagle 1/10 Oz Gold Coin 0 45,000 195,000 25,000 45,000 265,000
$50 American Buffalo 1 Oz Gold Coin 0 22,000 61,500 28,500 27,000 117,000
$1 American Eagle 1 Oz Silver Coin 0 600,000 5,001,000 1,500,000 600,000 7,101,000
$100 American Eagle 1 Oz Platinum Coin 0 6,500 N/A 25,800 11,200 37,000
$25 American Eagle 1 Oz Palladium Coin 0 0 0 0 0 0
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 0 0

 

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Rich

Happy Saint Patrick’s Day! I will be enjoying a traditional corned beef and cabbage dinner and a Guinness with the family this evening.

Kaiser Wilhelm

Thank you, Good Sir Rich, and Happy Saint Patrick’s Day to you and your family also, and enjoy your traditional dinner!

While my dear wife is 3/4 Irish and 1/4 British, I am 1/4 each German, Austrian, Irish and Czech, so to be inclusive we would theoretically be obliged to serve corned beef, shepherds pie, sauerbraten, schnitzel and pork dumplings. Our best solution was to abdicate our heritage and go with chicken parmigiana instead. Cheers!

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SENZA

Damn Kaiser, so what your saying is your a German Shepard who eats well – and that parmigiana sounds good – nothing like the smell of home cooking

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Kaiser Wilhelm

Very close, SENZA, however never having herded sheep but instead brought in a couple of summertime harvests in the hills along the Danube River Valley I would go more with the nom de hay of “Lower Austrian Farmer”. By the way, the lady in the pink blouse in the center of the photo below was my Aunt Maria, my grandfather’s niece, on whose farm my grandfather (who passed away in 1967 at the age of 74) and I worked for two summers. She was 95 when this picture, which I happened to run across online entirely by chance as I… Read more »

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Last edited 2 months ago by Kaiser Wilhelm
SENZA

That’s an amazing treasure to find online – my Great Grand Parents out lived my Grand Parents (Their Children) by nearly 2 decades – life is strange sometimes in that way. Farming is a very difficult lifestyle and certainly builds more character than delivering News Papers despite the rumors. After a recent inheritance of War time memorabilia including the Sword I previously mentioned and a mysterious Chinese Wall Plaque I found one of my relatives online participating in what is known as Operation Beleaguer. Cheers to Family, Great Memories and your Aunt Maria who reminds me very much of my… Read more »

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Kaiser Wilhelm

SENZA, I’m so happy that my little story resonated so very positively with you; it’s extremely gratifying to know that “from the heart sharing” can be so powerfully uplifting, and indeed mutually so!

Thank you for your story also. As it can be said, the names may be different but the strong memories and warm sentiments are without question along similar lines.

Blessings to your family as well, and enjoy your own heartening visions of the good times of your past days!

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Last edited 2 months ago by Kaiser Wilhelm
Major D

Cheers!

SENZA

Had to hit Walmart today as my grocery was out of Cherry Garcia many of the employees were dressed in green costumes with full makeup – I can’t even find an image that comes close so use your imagination

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Kaiser Wilhelm

Let’s see, I’m going to let my imagination go where no one has gone before…

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SENZA

I have certainly never gone there however it is a common site at Walmart.

I actually worked at a Walmart for 2 years while laid off from my livable wage job when the SHTF in 2008 – events like that were nightly occurrences – never a dull moment.

Additionally we had a Flash Mob, Fire, a Bomb and a Murder all at the same store in a very short time frame.

On the brighter side Walmart was 90% females (back then anyway) and I was buying Walmart stock under $50 a share with my employee discount and matching contributions.

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Last edited 2 months ago by SENZA
Rich

SENZA, did you ever run in to this Wal-Mart Freak or the Week?

“Hulkamania is running wild, Brother”

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SENZA

Yeah nice guy I think his name is Dan and he was part of the Red Neck Water Park Crew

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SENZA

But I spent most of my time on customer relations

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Kaiser Wilhelm

The three best inventions in the history of female fashion: short shorts, tight jeans and yoga pants. Each one worthy of a Nobel Prize.

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Kaiser Wilhelm

Would not have been a good job for yours truly as back then my interest would have been overly focused on relations with customers.

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Kaiser Wilhelm

We here at the Feminine Pulchritude Society don’t mind in the least that so many redneck girls sport that exceedingly comely Daisy Duke look.

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Last edited 2 months ago by Kaiser Wilhelm
Kaiser Wilhelm

The Hulk holding his “listening hand” to his ear to encourage the crowd to cheer ever louder is downright iconic!

Kaiser Wilhelm

SENZA,

Very interesting sight, and I tend to suspect the consensual ideas it inspires are almost certainly against the laws of the Bible Belt.

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Last edited 2 months ago by Kaiser Wilhelm
SENZA

And the infamous 1st one done award – tasteful version for a family man

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Kaiser Wilhelm

Congratulations, Good Sir Rich; a well deserved honor!

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SENZA

.

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Kaiser Wilhelm

.

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SENZA

Honey I have to work late tonight

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Kaiser Wilhelm

Be sure to keep that conversation inside (and girl, get that tongue back in your mouth)!

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SENZA

Gold and Silver fall sharply today

Has anyone had their Sally Ride 3 Roll Set Enrollment processed by the Mint yet? I hope they don’t screw it up

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Kaiser Wilhelm

Technically, perhaps so. Realistically, gold and silver did nothing but sit in their vaults.

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Last edited 2 months ago by Kaiser Wilhelm
SENZA

.

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Kaiser Wilhelm

And, as the central part of all this tomfoolery, Senza…

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Last edited 2 months ago by Kaiser Wilhelm
Kaiser Wilhelm

SENZA,

I’m not sure if this is exactly what you mean by “processed”, but I did get an email from the Mint informing me that since my Sally Ride AWQ 3 Roll Set Enrollment Order was going to be shipped soon I should verify that my billing information was up to date.

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SENZA

Congrats Sir Kaiser, I’m watching my email closely but no word yet

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Kaiser Wilhelm

Thanks, SENZA. Here’s hoping you get yours soon also!

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SENZA

Still available who wants to pay $330.00 for a 91% watered down piece of US Mint Gold

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Kaiser Wilhelm

SENZA,

Now the shiny little sucker has transitioned to “BACK ORDER” for sometime in late June.

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SENZA

Good I didn’t want to piss away $330.00 bucks anyways plus, it means they are selling products they don’t even have once again. Sorry about my image quality I think my old computer is about done……

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Last edited 2 months ago by SENZA
Kaiser Wilhelm

Damn, SENZA, that’s the model I’ve been hoping to trade up to this year!

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Last edited 2 months ago by Kaiser Wilhelm