Gold Slides 1.6% on Week; Silver Logs 3.8% Weekly Loss

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Gold kicked off the first trading day of the new month with a 1.6% loss, driving prices down on the week
Gold kicked off the first trading day of the new month with a 1.6% loss, driving prices down on the week

Most precious metals declined on Friday, and they all posted weekly losses — led by palladium. Gold slipped the least on the week and was poised for a weekly gain until the day’s drop.

On Friday, gold for June delivery fell $30.30, or 1.6%, to settle at $1,923.70 an ounce on the Comex division of the New York Mercantile Exchange — its lowest finish since Tuesday.

Gold prices lost 1.6% this week after rising 1.3% last week. On Thursday, the yellow metal marked increases of 2.8% for March and 6.9% for the first quarter. Gold is 5.2% higher on the year to date.

In looking ahead to next week, Kitco News offers the following forecasts via their Wall Street & Main Street surveys:

"This week, 18 Wall Street analysts participated in Kitco News’ gold survey. Among the participants, five analysts, or 28%, called for gold prices to rise next week. At the same time, ten analysts, or 56%, were bearish on gold in the near term, and three analysts, or 17%, were neutral on prices.

Meanwhile, 604 votes were cast in an online Main Street poll. Of these, 336 respondents, or 56%, looked for gold to rise next week. Another 170, or 28%, said lower, while 98 voters, or 16%, were neutral in the near term."

Elsewhere, silver for May delivery dropped 47.9 cents, or 1.9%, to close at $24.654 an ounce. The settlement was the lowest since March 16.

Silver tumbled 3.8% this week after climbing 2.1% last week. On Thursday, silver prices scored gains of 3.2% for March and 7.6% for the first quarter. They are 5.6% higher on the year.

In PGM futures on Friday and for the week:

  • July platinum shed $7.20, or 0.7%, to end at $988.60 an ounce, for a 2% weekly loss.

  • Palladium for June delivery added $11.90, or 0.5%, to end at $2,267.50 an ounce, but sank 5.3% on the week.

Both are higher on the year so far with pick ups of 2.3% for platinum and 18.6% for palladium.

US Mint Bullion Sales in 2022

Weekly sales of United States Mint bullion products slowed for gold coins and stalled for silver and platinum coins. In week-over-week comparisons:

  • American Gold Eagles rose 20,500 ounces against 58,000 ounces
  • American Gold Buffalos climbed 11,000 ounces compared to 26,500 ounces
  • American Silver Eagles were flat against 480,500 ounces
  • American Platinum Eagles were flat compared to 3,000 ounces

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)
Friday Last Week This Week January February March 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 52,500 19,000 123,500 86,000 140,500 350,000
$25 American Eagle 1/2 Oz Gold Coin 0 3,000 1,000 45,000 0 5,000 50,000
$10 American Eagle 1/4 Oz Gold Coin 0 6,000 2,000 64,000 4,000 20,000 88,000
$5 American Eagle 1/10 Oz Gold Coin 0 25,000 5,000 195,000 25,000 75,000 295,000
$50 American Buffalo 1 Oz Gold Coin 0 26,500 11,000 61,500 28,500 64,500 154,500
$1 American Eagle 1 Oz Silver Coin 0 480,500 0 5,001,000 1,500,000 1,080,500 7,581,500
$100 American Eagle 1 Oz Platinum Coin 0 3,000 0 N/A 25,800 14,200 40,000
$25 American Eagle 1 Oz Palladium Coin 0 0 0 0 0 0 0
Tuskegee Airmen 5 oz Silver Coin 0 0 0 0 0 0 0

 

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SENZA

HAPPY BIRTHDAY THE US MINT CELEBRATES 230 YEARS OF MAKING US MISERABLE APRIL 2

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SENZA

This also makes me the First On Thread to talk to myself first at the same time

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Last edited 1 month ago by SENZA
SENZA

It’s kinda scary being trapped in this thread all alone

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SENZA

Hellos is there anybody out there https://www.youtube.com/watch?v=LTseTg48568

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SENZA

HELP Anyone

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Rich

That’s telling yourself! Congratulations, SENA (again)! This is the only Mint Set you haven’t won yet and its a nice addition to the Happy Birthday Set, Born in the United States of America, Birth Set.

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Last edited 1 month ago by Rich
SENZA

Thanks Rich,

It was really getting claustrophobic in here all alone – now run for your life

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SENZA

I was recently lecturing some Prepper’s about the Civil War that’s inevitable between the Legal and Illegal population of America – And what can be said or done about people who reproduce and have no other skill set. https://www.youtube.com/watch?v=wrZkHKANrNw

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SENZA

I think I know what you mean; it’s a miracle that while fighting a war with Russia that Ukraine can still keep all of it’s Florida Strip Clubs running without interruption

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Major D

I think too many John Wick movies maybe?

Larry T

Senza,

Damn, do they have Florida Strip Clubs in Ukraine? I’m going there right now!

SENZA

Joe Bidens Ukranian Mafia aka NATO owns many strip clubs in America and have a strong preference to Florida because it’s easier to deal directly with the Head Pedophile Trump.

Of all the Strip Clubs and Strippers look what they idolized
Joe Bidens Ukranian Mafia aka NATO owns many strip clubs in America and have a strong preference to Florida because it’s easier to deal directly with the Head Pedophile Trump.

Of all the Strip Clubs and Strippers look what they idolized and how many drinks does it take to make that look good

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Last edited 1 month ago by SENZA
SENZA

Just One question WTF is NATO while Russia is destroying Ukraine?

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SENZA

The Strip Club will never be the same….

Did you know there is a significant number of coin collector’s whom refuse to buy any coin with Grandma on it?

I know this because I’m one of them!

In fact, a study was conducted resulting in the recommendation to produce coins without Grandma;

The findings indicated I’m not the only one who refuses to spend money on coinage featuring “Grandma” and the Coin Mafia now realize “Grandma” is hurting their business.

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SENZA

American Government needed someone to replace their friend (while it’s convenient) Saddam and Zelensky is the next puppet – look how well that worked out for the people of Ukraine.

When I look at Mrs. Zelensky I can’t help but remember how Barbara Bush was often mistaken to be George H W Bush’ Mother when in fact she was his wife. Not to mention how many times she was assumed to actually be a man.

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SENZA

Your talking to yourself again! But, this is how they explain it to 1st Graders “Joe Biden and NATO in Ukraine aiming Rockets at Russia is like Russia entering Mexico and Canada to aim Rockets at America.

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SENZA

He’s going to need an Ocean he is cruising around in this these days – he can really stretch that Presidential salary

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SENZA

Like I said before where the F is NATO oh wait I know asking Joe Biden to print American Tax Payer Dollars to pay for their membership in this invisible club

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Major D

SENZA, I have to call it as I see it, and that one is flat out racist. Beyond that, how exactly would an Illegal “army” have the means to wage a war without any cash to buy guns and ammo? If there is any future uprising between the “haves” and “have-nots” it’s going to be the 99% vs the 1% and that 99% is 99% “Legal population” as you put it.

Larry T

If you think 99% of our population is legal, you don’t live in the U.S.!

Jeff Legan

Geez Larry T., he is only off by around 3%. Anyone off by less than 10% did a pretty good job estimating in my book. Go after the employers that keep hiring undocumented immigrants if you want to stop them from coming. If they cannot get a job here they will not be able to afford to stay here.

Larry T

Jeff,

Do you really think it’s the employers paying for these illegals? If that were the case we wouldn’t have 11million open jobs available as of this past month. How do they afford to stay here? Look no further than your government. By the way, most people think the 11,000,000 illegal figure is pure BS. I’ve heard it to be more like 30,000,000 plus.

SENZA

Kaiser, if those criminals were not here taking those shitty jobs – those criminal companies would have to pay legal Americans livable wages to do those jobs and that is how it’s is supposed to work.

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Larry T

or they could just ship them overseas.

Larry T

Kaiser,

Of course they hold the lowest paying jobs. Do you see any individuals illegally crossing the border that looks like they have more than a 2nd grade education? If you want to let any of them perform surgery on you, go for it. I didn’t realize our biggest growth sectors involves the sales of tacos and burritos.

Larry T

You/re off your medication again. Am I right or am I right? Thank God, or whomever you worship, for Lord Biden. He is after all the one who is healing the ‘soul of America’,right? And he’s doing a wonderful job of it, I can’t think of a single problem out there now. It’s like nirvana in the U.S.A.!

Jeff Legan

Thanks for answering this one for me (and the rest of your posts, too), Kaiser Wilhelm. Nice job mentioning “red” states take in more in Federal subsidies than the “blue” states. It has been that way for a long time, too. Larry–I would also like to add that Trump managed to cut documented immigration substantially during his one chaotic term, so a fairly large portion (I do not know the official figure. I believe I read as high as a 40% reduction in one article, though I think that was in regard to foreigners coming here to go to college)… Read more »

SENZA

Absolutely and Joe is hosting nightly border crossings

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Rich

Sounds like the Immigrant Song

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SENZA

They built the indestructible Miami Condo’s and Twin Towers Some even said they felt safe https://www.youtube.com/watch?v=JTDZ5O5lH_0

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SENZA

I don’t care about Ukraine I’m from America and I care about America and Illegals working in my neighborhood – just so there is no further confusion.

As I have mentioned your TOTAL MISUNDERSTANDING or failure to differentiate Illegals from Immigrants has sent this thread into many directions it didn’t really need to go- just saying……..

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Jeff Legan

Hi Rich,
Back in my youth, there were only two sides–Black Sabbath or Led Zeppelin. I was, and still am, standing with Sabbath.

Rich

Same here, Jeff. Definitely no losers on either one of those two sides. Both bands are the gold standard of their era.

SENZA

I think we opened a can of worms here

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SENZA

I’ll just leave it at this

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SENZA

I googled funniest coin in the world and this is what it returned; although I don’t agree on it’s funniness I do actually have this coin

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SENZA

You will put your damn eye out

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SENZA

Now that would be an interesting coin

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SENZA

Damage is minimal if Major D changes his name the embarrassment will go away

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Larry T

Kaiser,

It really comes down to whether you believe in the law or not. I don’t know about you, but I think Law and Order is dead in this country. I also don’t follow any ‘militia’ groups, but are they as ‘traitorous’ as the Biden cabal is with their dealings with the Chinese, Ukraines, and Russians? As an amateur historian, you should realize history always repeats itself. And as an amateur prognosticator, I have no idea what our future holds!

Rich

Well stated Larry, without the Rule of Law we wouldn’t have a country.

SENZA

I don’t know what Planet YOU live on or what your trying to twist this into but it’s becoming obvious what the “D” represents and it ain’t “Dude”

Perhaps you have been drinking the Gov Kool-Aid or your one of those illegals working in a Scamazon warehouse who thinks unionization means legalization or citizenship

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Last edited 1 month ago by SENZA
Larry T

Senza.

Go easy on the ‘scamazon’ thing…that company’s stock has been very, very, very good to me over the years.

SENZA

It is what it is Larry, Congrats if you played the stock to your advantage but never forget:

SCAMAZON is a DOTCOM company created by the US Government (not a turd named Bezo’s) and that stock did nothing for decades until it was manipulated and REAL Companies pay Dividends – fake companies do stock splits and call it a Dividend.

While were discussing stocks I just dumped my ET stock for a nice 20% slice right off the top.

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Larry T

Senza, Just because a company stock doesn’t pay a dividend doesn’t mean it isn’t a real company. Amazon has rewarded shareholders by stock appreciation over the years which I can say has been much more lucrative than a dividend.I’ve owned it since 1995 and have bought several times since. I also own many companies stock that do pay a dividend, after all diversity is key in the risk/reward world of the stock markets.Apple is one of them and it just restarted paying a dividend in 2012. Are you saying Apple wasn’t a real company because it didn’t pay a dividend… Read more »

SENZA

Really, did you just ask me that !

Apple is the West Coast version of Disney home to illegals and pedophiles and Steve Jobs was worse than Epstein that’s why he bought a room at Disney.

And NO I would never own stock in a pedophile company therefore I would never own Apple and I never have.

As for “Diversity and risk/reward” those elements have not existed in the stock market for years now.

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Larry T

Senza, I could give an adam schiff about a company CEO’s personal lifestyle, whether they follow a light or dark path is their business. If having myriad sexual experiences translates to a better profit outlook, I’m all for it. And let me get this right, you wouldn’t buy Apple because you think Jobs was a pedophile, so what computer do you use? Does it use MicroSoft Windows? I seem to recall Billy Gates making some flights with one Epstein. No, he doesn’t appear the type to have sex with a 10 year old girl or boy? If we lived in… Read more »

SENZA

I choose to think outside the box – there is an safe, integral alternative to everything in our Universe but I get your point and I think were doing the same thing but differently

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SENZA

You didn’t really think Steve Jobs or Bill Gates actually invented anything did you LMAO

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SENZA

HAHAHAHAHAHAHAHAHAHAHA

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SENZA

And

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SENZA

That’s been going on since Hollywood and Joe Biden got married.

Oh and your talking to yourself again – I caught you 3 times on the same thread I do believe – Rich is there an ward for that?

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Rich

Why Soitenly, “The Triple Threader Three Stoogin’ Talking Heads Stop Making Sense Award”

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SENZA

Thanks Rich,

I knew we could count on you – the level headed one in the group

On another note, I just noticed the US Mint charged me for shipping on my purple heart coins H___ S___

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Last edited 1 month ago by SENZA
Larry T

Senza,

You need to place three separate orders before you get ‘free shipping’ for the rest of the year. I just received an email stating I only need to place 1 more order to get ‘free shipping.’ Whopee!

Rich

And those orders are counted at the time of fulfillment when your order ships and your credit card is charged.

SENZA

My Women’s Proof quarters shipped free

SENZA

Sounds like a conspiracy Kaiser,

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Rich

Now I’m starting to wonder if sam tweedy is actually talking to himself when he comments (tweets).

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SENZA

Thanks I feel better now

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SENZA

Your getting paid?????

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SENZA

Thank goodness your receiving it – I hope it’s still there when I request mine – we earned it or rather we freaking funded it

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SENZA

It’s out of this World Bro

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Larry T

Kaiser,

You are an anomaly to me. You clearly relish the liberal leanings of the DNC with their top ‘stars’ trying to ram socialism down our throats and have the gall to say you are a ‘capitalist?’ Is your Bernie Sanders, Chucky Schumer, AOC and squad also ‘capitalists?’ I don’t think we’re vying to become North Korea, but Venezuela is a distinct possibility.

SENZA

Kaiser,

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SENZA

I think we are on the same page now

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Larry T

Kaiser;

Turn off the MSNBC or CNN and go make yourself a strong drink. No…make two strong drinks and relax. Where do you come up with this stuff? Just asking.

SENZA

I think a 24 hour cooling off period is in order – no Internet for Sir Kaiser until the new Med’s kick in

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SENZA

IT’S A NEW DAY AND

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Last edited 1 month ago by SENZA
SENZA

You let us all lose our minds and it felt good – it’s that magical reset everyone has been talking about and we got it first

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SENZA

What hand

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SENZA

Kaiser, Kaiser, Kaiser

I’m discussing Illegals and your discussing Immigrants – now that we cleared that up ………………………………….. Please tell me you know the difference – actually don’t I’m done with this thread and moving on

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SENZA

It’s OK your confused too but I’m sure you will sort it out

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Larry T

Kaiser,

I’ve long wondered what the balance is for a sustainable planet and a healthy population. I’m certainly no expert on what that balance is, but I think our overall population has been much too high for some time. Isn’t it funny that you never hear a word about this from the ‘Climate Change’ fanatics. After all, the average human produces 4.8 tonnes of CO2 during their lifespan, and yet all we hear from the left is concern about ‘cow farts.’

Rich

Larry, haven’t you heard of the Soylent Green New Deal.

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SENZA

Right on Rich,

It’s a story about the then future year of 2022

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SENZA

It’s all good until we run out of Ben and Jerry’s

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SENZA

.

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Major D

SENZA, take to take your meds and climb back into your hole.

SENZA

Blah Blah Blah

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SENZA

Dizney JUST SAY NO – PROTECT YOUR KIDS https://www.youtube.com/watch?v=uqPwkzp_36E

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SENZA

But I like the Food

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Rich

SENZA and Sir Kaiser, how is this for an NGC – David Ryder hookup, combining his Advance Releases program labeling with a hand signature. Here is how to jack up a $73 2022-W ASE Proof to a $595 2022-W $1 ASE Proof NGC Advance Releases PF-70 UCAM David Ryder Signature Flag label.

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Last edited 1 month ago by Rich
SENZA

I knew we should have finished the job

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Larry T

Rich,

Where can I get mine? And can I buy more than one? I’ve always been amused by the fact that people are willing to pay so much $$$ for someones scribble. Like I’ve said before, it’s not so much about the coin anymore but the ‘capsule design and fluff’ that drives the price. Amazing.

SENZA

Somebody please start a new thread

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Larry T

Senza ans Kaiser,

Saw our favorite huckster, Mike ‘You must own this coin, you must own this coin NOW!’ Mezack touting your Angelou clad quarters on CSN. You get two of them, one graded MS65 and the other MS66 for $59.95. Man, I thought having to pay $73 for an ounce of silver was expensive!
I also received another email claiming all ASE’s have been sold through the Enrollment program. I can hear Mike already spewing out all his accolades on how rare these will be.

Last edited 1 month ago by Larry T
SENZA

Hey guys, I just observed a scam I never noticed before you brought the “Congratulations Set” to my attention; NGC and it’s dealers are offering “Allegedly” the Congratulations Silver Eagle in a graded slab however the buyer does not get the “Congratulations” packaging thus the buyer is taking on faith and trust that the graded ASE-W is actually from the Congratulations Set. Damn those deplorable dealers and graders.

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Larry T

I DVR it so I can fast forward! You hit the nail on the head, in a previous comment, about the gullibility of people. I’ve heard Mike state that he’s sold tens of thousands of a particular MS70 coin, and yet still claim it’s rare and valuable. Who in their right mind would pay exorbitant prices for that?

SENZA

Just think how bad those coins must be if they didn’t slap a perfect 70 on them

SENZA

Sounds like Larry isn’t the only frequent viewer of caffeine Mike do you guys have little bobble heads of caffeine Mike that shout “Red Oak”

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Rich

Sir Kaiser, I had originally thought the same thing regarding this years’ three ASEs. But why then is the 2022-W ASE Proof being listed as “Coming Soon” for release on April 14 and it is displaying data-available = 366,750. The 2022 Congratulations Set has been displaying data-available = 24,747, which is a 17.5% reduction from the product limit of 30,000, a bit more than the 10% cut for the 18 Advance Purchaser Dealers (Ten Percent For The Big Guys!).
BTW, nice work starting a new thread, the old one was tread worn.

Rich

I should have checked my email before replying. I did receive the same email from the Mint “American Eagle Silver Coin Enrollments are Closed” which you (and Larry) were referencing. I still think the Mint should change their online catalog listing for the coin to display it’s new updated status, as it is misleading especially for those who did not get the memo.

SENZA

Blah Blah Blah it’s all smoke and mirrors and lies but your right about one thing more have become available via cancellations as I just moved my ASE W Enrollment to inactive – I choose not to be a part of the lie and FOMO – we have no idea how many of these pieces of tin the US Mint is actually pumping out because they are a nefarious liars and con artists

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