Precious Metals Rise Monday, March 21

30

Precious metals climbed in kicking off the new trading week on Monday. Gains ranged from less than 0.1% for gold to 1.8% for palladium.

Gold for April delivery inched up 20 cents, or 0.01%, to settle at $1,929.50 an ounce on the Comex division of the New York Mercantile Exchange.

"Traders are trying to assess the economic impact of Ukraine in the second quarter and further quarters," Chintan Karnani, director of research at Insignia Consultants, told MarketWatch. "Hyperinflation and chances of stagflation are the reason for gold price trading over $1,900."

Gold futures ranged from $1,917.20 to $1,938.60. They dropped 2.8% last week.

Silver for May delivery tacked on 22.6 cents, or 0.9%, to end at $25.313 an ounce. Silver futures traded between $25.05 and $25.52. They sank 4.1% last week, for their first weekly decline in seven weeks.

In other precious metals prices on Monday:

  • April platinum rose $8.80, or 0.9%, to $1,044.70 an ounce, ranging from $1,026 to $1,049.60.

  • Palladium for June delivery advanced $44.30 to $2,537.30 an ounce, trading between $2,459.50 and $2,608.

Last week, platinum lost 4.8% and palladium tumbled 10.9%.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales increased on Monday by 480,500 ounces in silver coins, 66,500 ounces in gold coins and 3,000 ounces in platinum gains. The Mint’s reported bullion gains were their first since March 10.

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)
Monday Last Week January February March 2022 Sales
$50 American Eagle 1 Oz Gold Coin 41,500 0 123,500 86,000 110,500 320,000
$25 American Eagle 1/2 Oz Gold Coin 3,000 0 45,000 0 4,000 49,000
$10 American Eagle 1/4 Oz Gold Coin 4,000 0 64,000 4,000 16,000 84,000
$5 American Eagle 1/10 Oz Gold Coin 20,000 0 195,000 25,000 65,000 285,000
$50 American Buffalo 1 Oz Gold Coin 20,500 0 61,500 28,500 47,500 137,500
$1 American Eagle 1 Oz Silver Coin 480,500 0 5,001,000 1,500,000 1,080,500 7,581,500
$100 American Eagle 1 Oz Platinum Coin 3,000 0 N/A 25,800 14,200 40,000
$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

 

Subscribe
Notify of
guest
30 Comments
Inline Feedbacks
View all comments
SENZA

Speaking of Precious 2 days ago this guy told his 47,000 Youtube followers that the World was going to end immediately – take cover now – Red Alert ! He most certainly must work for the Government

03-21-2022_071.jpg
Rich

Was it the aftermath of WW-Z ?

Oh, and congrats are in order; You beat Sir Kaiser again.

SENZA

I think he mentioned good stuff the Dentist gave him.

Kaiser must never know I was here 🙂

03-21-2022_083.jpg
Last edited 2 months ago by SENZA
Kaiser Wilhelm

As Kaiser one must know all.

1sfb4i.jpg
Last edited 2 months ago by Kaiser Wilhelm
SENZA

I accidentally got whisked into the room first and the cat ate my homework but this might fix it https://www.youtube.com/watch?v=5Cg-j0X09Ag

03-22-2022_003.jpg
Kaiser Wilhelm

All is forgiven, SENZA. A music video formulated out of collages is a first for me, and a marvelous one at that! Kudos, old buddy!

By the way, did the cat throw up?

OIP.jpg
Kaiser Wilhelm

Dagnabit and tarnation! Foiled again!

InkedOIP_LI.jpg
Kaiser Wilhelm

WW-X, Y, or Z regardless, this practice of posting the first comment in a thread had better not become a habit for SENZA. After all, nowhere in the Imperial Handbook does it say Der Kaiser has to be okay with playing second fiddle.

4rljas.jpg
Kaiser Wilhelm

The world did exceed its shelf life, SENZA. We are now but holographic constructs.

R.jpg
SENZA
Kaiser Wilhelm

SENZA,

How many guitars did that guy play in the video? I myself lost count.

i-would-like-to-play-this-instrument_o_3042813.jpg
Last edited 2 months ago by Kaiser Wilhelm
Kaiser Wilhelm

I wouldn’t deny that he works for a state entity, SENZA, but I would bet dollars to donuts it’s the Gummint of Rooshia!

By the way, are all we “Old Ladies” awake and (red) alert now?

94f063642932a9b7c1345a22edf56c32.jpeg
Major D

Following the ups and downs of the precious metals market gives me something to do, but it really doesn’t amount to much as I’m not cashing in or trading anything. I saw silver go up to $28 last year only to go down, and now it’s kinda going up again but seems stuck around $25. It just swings back and forth. Looking at the historical chart the peaks in 1980 and 2011 were very short lived. It’s hard to believe silver was 130 back in Feb 1980 and 50 in July 2011 (adjusted for inflation). Not sure I’ll be around… Read more »

Rich

Major D, excellent observations on the historical price trends of silver since 1980, which some people believe is in the control of JPMorgan. As Ted Butler recently commented on the price manipulation of silver, “… on the bright side to all this is that any investor, large or small, can do something constructive about this manipulation in silver since with silver, there are countless ways to own silver away from the COMEX and that is a big and positive factor. Plus, since silver is so cheap, due to the manipulation, it’s available at close to inflation-adjusted all-time price lows. Heck,… Read more »

SENZA

Unfortunately it’s only worth what people are willing to pay for it and the current hype of the Gold peddlers is not attracting any takers because they have already been taken for a ride.

In fact Gold has been a wild ride https://www.youtube.com/watch?v=gz_271z1A2U

03-21-2022_117.jpg
Kaiser Wilhelm

Now that is what I would call a R-I-D-E if there ever was one!

manipulation-gold-and-silver.jpg
SENZA

Got my shipping notification from the US Mint I’m getting 5 sets over-nighted and somebody else gets my other 20 sets.

03-08-2022_046.jpg
Kaiser Wilhelm

Overnighted, SENZA? Somebody does live in the fast lane.

R.jpg
Kaiser Wilhelm

J.P. Morgan ran things when he was alive and JPMorgan took up where he left off.

morgan_jp_sr.jpg
Major D

Rich, thanks for your insight. It makes me feel better about buying silver coins!

SENZA

I sold a lot of Gold in 2020 – right now nobody wants my Gold so I threw some of my “Cleaned” Morgans on Feebay and they went fast. The 1878-P is my personal favorite

03-21-2022_116.jpg
Kaiser Wilhelm

SENZA,

That’s alright, since those who have the gold make the rules! You win either way!

0634b46e4f245b401cf7a47c8ed595b3.jpg
Antonio

I still think the originals look better than the 2021s.

Rich

So true, Antonio. The originals’ mint luster and the cartwheel effect, best known for appearing on the Morgan silver dollars and Peace silver dollars, just ain’t there on the 2021 restrikes.

Kaiser Wilhelm

Major D,

Many thanks for the excellent info and corresponding commentary. By the way, rest assured you’re not the only one who has that general in the vicinity expiration date.

R.jpg
SENZA

I do believe some found this more appealing – just saying

03-22-2022_006.jpg
Kaiser Wilhelm

SENZA,

You’re right, they were a lot cuter when they were still just babies!

She, on the other hand, is just perfect the way she is.

1f5d49c122a5f4e84e5fed85b1b88843.jpg
Last edited 2 months ago by Kaiser Wilhelm
SENZA

I spent the whole morning canceling and refunding Sally Ride ebay orders thanks to the US Mints Glorious new Biden Picked Leader.

I also went to the US Mint website at noon just to see how it played out and those coins were sold out before they went on sale which solidifies my belief that that the sets taken away from me and others were just given directly to the Dealers and NGC

03-22-2022_098.jpg
Last edited 2 months ago by SENZA
Major D

Kaiser, I kid my daughter that she will have my head kept alive in a jar on the shelf like Richard Nixon’s in Futurama so that I can dispense nonsense about coins back in the “old” days.

Antonio

Like the Ride Sally Ride quarters.