Gold and Silver Mark Third Gains on Monday, April 11

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Precious metals changed little on Monday. Palladium declined slightly while gold, silver and platinum posted their third straight gains.

Gold for June delivery added $2.60, or 0.1%, to settle at $1,948.20 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold and silver prices are posting moderate gains in midday U.S. action Monday, but prices have backed well down from their early-session highs on some profit taking by the shorter-term futures traders, and amid rising bond yields and a sell off in the crude oil market. Gold prices hit a four-week high early on today," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note. "Still, the metals are seeing some safe-haven demand on worries about inflation becoming even more problematic in the coming months."

Gold futures traded between $1,942.90 and $1,974.60. They gained 1.1% last week.

Silver for May delivery settled up 16.4 cents, or 0.7%, to $24.987 an ounce. Silver futures ranged from $24.79 to $25.60. They rose 0.7% last week.

In other precious metals futures prices on Monday:

  • July platinum edged up $2.20, or 0.2%, to $977.80 an ounce, trading between $973.70 and $997.

  • Palladium for June delivery shed $3.30, or 0.1% to $2,416.80 an ounce, ranging from $2,402 and $2,534.

Last week, platinum fell 1.3% and palladium dropped 6.7%.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales were unchanged on Monday. 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 April 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 21,500 123,500 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 6,000 64,000 4,000 20,000 6,000 94,000
$5 American Eagle 1/10 Oz Gold Coin 0 25,000 195,000 25,000 75,000 25,000 320,000
$50 American Buffalo 1 Oz Gold Coin 0 7,000 61,500 28,500 64,500 7,000 161,500
$1 American Eagle 1 Oz Silver Coin 0 425,000 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

Is a major breakout imminent?

Major D

The market giveth and the market taketh away. Silver peak in 1980, then 2011, so I figure next big one will be 2042….

Last edited 1 month ago by Major D
Major D

didn’t say I’d be around to see if I was right!

Rich

Sir Kaiser, I know its only Rock ‘N’ Roll but I like it.

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SENZA

The Lesbians will have to find someone other than I to pick on…….

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SENZA

Did that come all the way from Fra-Ji-Lee?

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SENZA

I think there is an upgraded model

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Rich

Or the Maximum Overdrive Trucking Company

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SENZA

Rich,

So that’s Who Made Those https://www.youtube.com/watch?v=PiZHNw1MtzI

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SENZA

But I wouldn’t be surprised to see them Back On The Road Again https://www.youtube.com/watch?v=Dva8aVJH8uE

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SENZA

Also, Gotcha

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Rich

Holy Sixteen Tons! Sir Kaiser

SENZA

Rich,

Holy missing Antonio’s…………………………………… It’s Rich First on Thread and like I said the Awards are bountiful today – because the factory is very backed up – you certainly are a Champion

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SENZA

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SENZA

The eminence is inevitable https://www.youtube.com/watch?v=BfrUQA2tb6M

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Rich

Wowsa SENZA, that’s really over the top! I think I’m gonna blow up my video!!

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SENZA

Rich,

You know that’s the way I want my Rock n Roll https://www.youtube.com/watch?v=3zy2pBoTuOQ

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SENZA

Actually, I think the opposite, it was an anti video response from the bands who wanted to evolve but not in the MTV kinda way so your stereo is safe….

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SENZA

I’m presenting you with the latest award out of the Award Factory – I hereby present to YOU The Kaiser Award for best JPG Image because memes don’t exist. https://www.youtube.com/watch?v=ZPRhV9hAv9U

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SENZA

Your due another award as well for the image that says “This image isn’t visible in your Country” pure genius – I just can’t remember which thread it was on

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SENZA

Yeah I think we use the same transit system – we probably crossed paths at the shrinkologist office.

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Rich

Sir Kaiser, is “intense peculiarity” like always wearing a red knit hat, even in summer?

SENZA

That’s some shark you got there –

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SENZA

Walmart leading the way with electric trucks

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SENZA

If Elon Musk tweeted it’s OK who are we to question the biggest Turd in the Bowl!

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SENZA

My biggest fear is that Elon Musk will stay on Earth instead of flushing himself into the atmosphere – I wonder if he does though, if all the planets will then create little Ponzi Scheme Planets and name them SpacePal and then Trump can sue all of them because he thinks it sounds like Spacefarce.

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Last edited 1 month ago by SENZA
Major D

Looks like the Uncirculated Mint Set enrollment is about to sell out soon, before there is even a release date. Less than 100 left.

SENZA

I still see the add to bag button but I can’t pull up a number – I used to collect this one but don’t anymore so I’m not enrolled……

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SENZA

Something is definitely Up – maybe the Politicians have stolen enough money from the unemployed and Tax Payers to just quit and go their own way and they are just tidying up before the go……. https://www.youtube.com/watch?v=VvCcD-BByOc

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SENZA

I honestly don’t know unless you know in which case you could let me know then I would know and then we would both know but I wonder if they would know we know- ya know

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SENZA

US Mint just notified me they are preparing to ship my American Innovation “Vermont” Enrollments and in the next sentence said there could be longer ship times due to Covid-19.

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