Precious Metals Drop Thursday, April 21

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Precious metals fell on Thursday. Losses in gold, silver and platinum were their third straight with platinum and silver ending at more than two-week lows and gold finishing at an over one-week low.

Gold for June delivery declined $7.40, or 0.4%, to settle at $1,948.20 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the lowest since closing at the same price on April 11.

"This week’s chorus of hawkish Federal Reserve comments and a return to positive real rates have reduced the appeal of both gold and silver," analysts at Zaner wrote in Thursday’s newsletter reported by MarketWatch.

Gold futures traded between $1,938 and $1,960.10. They shed 0.2% on Wednesday, they fell 1.4% on Tuesday, and they rose 0.6% on Monday — posting their highest settlement since March 10.

Silver for May delivery fell 65 cents, or 2.6%, to finish at $24.621 an ounce. The settlement was the lowest since April 6. Silver futures ranged from $24.48 to $25.31. They lost 0.5% on Wednesday, they dropped 2.9% on Tuesday, and they gained 1.8% on Monday for their highest finish since March 6.

In other precious metals on Thursday:

  • July platinum gave back $19.20, or 2%, to $967.80 an ounce, trading between $965 and $991.30. The close was platinum’s worst since April 7.

  • Giving back a tad more than half of its gain on Wednesday, palladium for June delivery declined $41.90, or 1.7%, to $2,420.20 an ounce, ranging from $2,372.50 and $2,480.50.

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 Last Week This Week February March April 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 39,500 86,000 140,500 61,000 411,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 2,000 0 5,000 3,000 53,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 8,000 4,000 20,000 14,000 102,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 0 25,000 75,000 25,000 320,000
$50 American Buffalo 1 Oz Gold Coin 0 0 10,000 28,500 64,500 17,000 171,500
$1 American Eagle 1 Oz Silver Coin 0 0 408,000 1,500,000 1,080,500 833,000 8,414,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 25,800 14,200 0 40,000
$25 American Eagle 1 Oz Palladium Coin 0 0 0 0 0 0 0

 

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SENZA

It comes in all forms but today we honor a Metal God whom has re-taken his Throne as First on Thread https://www.youtube.com/watch?v=QcURhfhPJiM

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Rich

A Metal God with a (Precious) Metal Heart

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SENZA

Kaiser can’t have all the fun https://www.youtube.com/watch?v=VdB19Wfn58E

Rich

Holy Flying Burrito Brothers!

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SENZA

This one is dedicated to Kaiser

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SENZA

New Gadgets for the Hobby

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SENZA

It’s a coin Microsope – more or less a basic camera positioned for top down views (exactly what we would use for coin observation) it can display the coin on the small screen or your computer.

My eyes are not what they used to be and this might up my numismatic pleasures – not as much as the black thong and high heels but enough – I seen prices as low as $49 and up to a couple hundred.

Glad to hear your day went well

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Rich

Sir Kaiser, TGIF!

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SENZA

I’m still on Tuesday but I’m catching up

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SENZA

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Rich

A Two for Thursday, special National Coin Week of Der Kaiser Award and Salutation for First on Thread once again. You’re Fast as a Shark!

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Last edited 1 month ago by Rich
SENZA

This feels so good maybe we should all have cake

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Rich

For the guy that collects everything Denver D-Mint, the Mint is looking for a few good men to be Mighty Denver Minters:
U.S. Mint Denver Facility – We’re hiring! For consideration, contact us

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SENZA

The opening is in quality control this is who has been shipping out all the chit to us

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