Precious Metals Decline Wednesday, April 6

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Precious metals marked another day of losses on Wednesday — two in a row for gold, platinum and palladium and four straight for silver.

Gold for June delivery dipped $4.40, or 0.2%, to settle at $1,923.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since a week ago Tuesday, March 29.

"The ongoing war in Ukraine is providing a tailwind for bullion by keeping the market on edge as the situation evolves," MarketWatch quoted Thomas Westwater, analyst at DailyFX, in emailed commentary.

Gold futures traded between $1,916.20 and $1,937.60. They shed 0.3% on Tuesday and they edged 0.5% higher on Monday.

Silver for May delivery stepped back 7.6 cents, or 0.3%, to finish at $24.458 an ounce. The close was the lowest since Feb. 28 when silver settled at $24.366 an ounce. Silver prices ranged from $24.20 to $24.68. They lost 0.2% on Tuesday and they dipped 0.3% on Monday.

In PGM futures on Wednesday:

  • July platinum fell $20, or 2.1%, to $953.10 an ounce, trading between $950 and $975.30.

  • Palladium for June delivery declined $50.60, or 2.3%, to $2,184.70 an ounce, ranging from $2,166 to $2,275.

US Mint Bullion Sales in 2022

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.

US Mint Bullion Sales (# of coins)
Wednesday Last Week January February March This Week / April 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 19,000 123,500 86,000 140,500 21,500 371,500
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 45,000 0 5,000 1,000 51,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 64,000 4,000 20,000 6,000 94,000
$5 American Eagle 1/10 Oz Gold Coin 0 5,000 195,000 25,000 75,000 25,000 320,000
$50 American Buffalo 1 Oz Gold Coin 0 11,000 61,500 28,500 64,500 7,000 161,500
$1 American Eagle 1 Oz Silver Coin 0 0 5,001,000 1,500,000 1,080,500 425,000 8,006,500
$100 American Eagle 1 Oz Platinum Coin 0 0 N/A 25,800 14,200 0 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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Rich

First on Thread with First Initiator fuze INCOMING! DUCK!!

The sideways consolidation chop goes on…

Last edited 1 month ago by Rich
Rich

Thanks, Sir Kaiser! Sympathetic detonation is an oxymoron.

SENZA

That sounds like some Weird Science to me Dude CONGRATS https://www.youtube.com/watch?v=dJQbFAnBMbg

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SENZA

WoW at least we confirm she was a female in 1985 – were still not sure what the hell Elizabeth Hurley is https://www.youtube.com/watch?v=90h2gLgTz5g

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SENZA

Not to worry I found his Father https://www.youtube.com/watch?v=hWUaT5ovZ50

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SENZA

She is always reaching for her balls – something is not right there

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Rich

She Got The Jack

Last edited 1 month ago by Rich
SENZA

She’s Got Balls………………………… Historical note – back in the day when you had to sneak your video camera into the concert I made this recording and yes the quality is lacking https://www.youtube.com/watch?v=hGDPzdLrgCs

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Rich

Great Balls of Fire!

Rich

Holy Gravity! Sir Kaiser

SENZA

Sir Kaiser – Sir Rich,

Have you noticed anything strange about the upcoming American Innovation release?

Rich

Other than its not Ben & Jerry’s Ice Cream, no.

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SENZA

Damn it man I ran out today those old ladies stopped eating bats and started eating Cherry Garcia now the shelves are bare.

My old prehistoric computer implies American Innovation Vermont may be sold via Enrollments but I’m just not sure……..

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Larry T

Kaiser,

Is there such a thing as a ‘state of the art HP?’ I did not know that.

SENZA

That’s good to know – I will stop panicking now

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SENZA

But

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Antonio

IT’S MY FAVORITE SERIES! THE INNOVATION DOLLARS!

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SENZA

It appears that “Vermont” is accounted for via enrollments but in any case I believe the Mintage for this one is the lowest of the series so far…………………..

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Antonio

Never a dull moment.

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Rich

I Envy Us.

Rich

“Oh, we’ve got a bigger dressing room than the puppets. That’s refreshing.”