Precious Metals Rise Tuesday, May 17

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Precious metal prices increased on Tuesday with advances ranging from 0.3% for gold to 2% for platinum. Silver and palladium marked their third straight sessions gains.

Gold for June delivery tacked on $4.90 to settle at $1,818.90 an ounce on the Comex division of the New York Mercantile Exchange.

"The metals [gold and silver] were supported by rising crude oil prices that hit a nine-week high earlier today, and sharp daily losses in the U.S. dollar index," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.”

Gold futures traded between $1,815.90 and $1,834.80. They also edged 0.3% higher on Monday.

Silver for July delivery rose 19.9 cents, or 0.9%, to close at $21.75 an ounce. Silver futures ranged from $21.56 to $21.93. They surged 2.6% on Monday.

In other precious metals futures prices on Tuesday:

  • July platinum added $18.10 to $943.40 an ounce, trading between $923.20 and $950.10.

  • Palladium for June delivery gained $29.60, or 1.5%, to $2,032.20 an ounce, ranging from $1,965 to $2,069.50.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales increased Tuesday 425,000 ounces in silver coins and a combined 78,500 ounces in gold coins.

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)
Tuesday / This Week Last Week March April May 2022 Sales
$50 American Eagle 1 Oz Gold Coin 57,000 0 140,500 80,500 93,000 523,500
$25 American Eagle 1/2 Oz Gold Coin 1,000 0 5,000 3,000 2,000 55,000
$10 American Eagle 1/4 Oz Gold Coin 4,000 0 20,000 14,000 8,000 110,000
$5 American Eagle 1/10 Oz Gold Coin 0 50,000 75,000 25,000 50,000 370,000
$50 American Buffalo 1 Oz Gold Coin 20,000 0 64,500 27,500 36,500 218,500
$1 American Eagle 1 Oz Silver Coin 425,000 0 1,080,500 850,000 850,000 9,281,500
$100 American Eagle 1 Oz Platinum Coin 0 0 14,200 0 0 40,000
$25 American Eagle 1 Oz Palladium Coin 0 0 0 0 0 0

 

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Antonio

I see everything is up today, including petroleum.

SENZA

Congrats – you have earned the Chevron Award for First on Thread

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Antonio

How’d you know how much we’re paying for gas here? I keep telling people to cross the border to Mexico, gas is much cheaper there. Make sure you have a passport or passport card to get back though or you won’t be able to.

SENZA

I take the express bridge – no passport – no hassle – someone put up a wall to help support the bridge too

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Last edited 1 month ago by SENZA
Larry

Antonio,

That’s good advice but I’d spend at least two tanks of gas just to get to the border ( Is that really a thing anymore?) And I just don’t feel comfortable risking my life in a cartel controlled country for the sake of a $125 tank of gas.Isn’t it funny that you would need a passport to get back in when millions of illegals just walk in and are provided whatever they want. I’ll bet my weight in gold that someone is working on renaming this country. I’m thinking something like ‘The United Americas.’

Antonio

Or Los Estados Unidos del Norte America. It’s funny, Reagan said, “Tear down that wall” and Trump said, “Put up that wall.” One day we’ll ask, “What wall?”

SENZA

How about ObamadacAmerica

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SENZA

I think Trump even gets credit for that one too when he renamed America = 3rd World S___hole

Now they travel from afar to pray to their messiah Sleepy Joe –

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Rich

Balloon
Up, up, and away

Rich

SENZA, What happened to Sir Kaiser? All his previous posted comments have vanished. The shape of things to come…

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SENZA

I have not visited any old threads – even though I’m new here I have been here long enough to know this is not the first time he has vanished and wiped his slate clean.

Given my thought’s about the Coin Mafia and the probability this is one of the Coin Mafia’s Blogs – I’m surprised I have not been erased.

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Rich

Thanks, SENZA. Hopefully, he will get things straightened out and be back soon. It’s Rock or Bust!

SENZA

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Rich

Thanks, Bro

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SENZA

Be safe out there were treading in treacherous waters.

Breaking Newz: Man eaten by land shark while at roadside picnic

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Antonio

It’s a trap!

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Antonio

The Coin Mafia? They have a proposition you can’t refuse.

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Larry

Senza, Kaiser has had a very. bad week and is probably getting some rest. First, there was the shooting in Buffalo and now D.Trump has been proclaimed the ‘King Maker’ in politics by going 75-1 in his endorsements of candidates. That’ll soon be 76-1 when Dr.Oz is confirmed the winner in Pa’s senate race (my old home state.) For those who consider him the second coming of Satan, it has to be difficult to rationalise how popular he is with ‘the people.’ As I’ve said, I loved his policies but could do without a lot of his persona.That’s the one… Read more »

Last edited 1 month ago by Larry
Antonio

I thought Mike Mezack was part of the coin mafia. Buy ’em, flip ’em, return ’em. Heheh. I see none of the Morgans or Peace dollars reached their potential, and they could have. Those scoundrels!

Larry

Antonio,

I saw Mezack selling all 6 of the Morgan/Peace dollars for $599 on the CSN channel. These were just ‘ungraded’ coins which he claimed would grade anywhere from MS68 to MS70. Now I know Mike may be one of the most virtuous and honest individuals to ever walk on this planet, but even I had to laugh. I’d bet you’d be lucky if any graded MS68.

Antonio

I’m glad I got in under the wire and already have them from the mint. I’d watch them rise and fall before I make any price judgements. Just having them is a privilege for me, along with my 1995W ASE.

Larry

Damn, you have the Holy Grail of ASE’s! Were you lucky enough to buy the Gold/ASE set from the mint or did you buy a graded 1995W? I never knew about the set back then and really who would have thought it would sell for thousands of dollars years later. I sure wouldn’t.

Antonio

Bought the whole set in 1995. I had to sell the gold but kept the ASE. Had it graded by PCGS. PF68. Bummer. Not cameo enough, I guess. I figured with that limited number of ASEs, it’d be worth much more in the future. I guessed right.

Rich

Good call, Antonio. Current PCGS Price Guide price = $2,950 for your 1995-W ASE Proof PCGS PR-68 DCAM. PCGS Population Report shows 790 coins graded PR-68, 3,372 PR-69, and 458 PR-70.

SENZA

Just break it out of the holder and send it to “We only grade 70” NGC

SENZA

It was a despised set because you guessed it – it was over priced and sold poorly so the Caffeine Mike’s went to work branding the most unpopular and over priced set of it’s day as: “the lowest mintage and rarest of all time” aka the “hype” coin

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SENZA

As you clearly stated, Kaiser may need to take a breather however,after ranting for a whole day on the aforementioned topics – then finding out he was for the most part incorrect – it’s very convenient he can erase the evidence – should we all be so fortunate to have that power at our fingertips. Perhaps it’s only the similarities he despises – see image below. Yes, I turned off enrollments for Silver Eagles they have no value with those kind of numbers – were back to the future again- If the American Innovation previous 2 releases are future indicators… Read more »

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Antonio

T-R-U-M-P. Aw kin spil.

Larry

Senza,

I have to agree that these ‘sold out enrolments’ are a scam. I would normally put away 10 of the Uncirculated ASE’s, but having to pay nearly $70 for one is a bit too much. I’ve decided to reduce my enrolment to just two of them. I’ve said this before, in 2006 I bought the Uncirculated ASE for just $19.95. In 16 years we now have to pay $67, The Fed is doing a great job of converting the Dollar into a Peso.

Jeff Legan

Hi Larry, Are you exaggerating about his endorsement record? I can recall at least 3 candidates he endorsed who failed- Madison Cawthorn, The Lt. Gov. of Idaho, and one other I cannot remember his name, but it came out his wife had a restraining order out against him. I think a candidate he endorsed in Georgia is not leading currently, either. I do not follow this primary stuff much at all, Democrat or Republican so there may be more that failed. Did he really endorse 75 candidates? Also, it is a given that Trump is the Republican party now, so… Read more »

Larry

Jeff, I’m just referencing what is being reported by the ‘experts.’ Like you I don’t care much about the Primaries, but it’s all you see in the news. I’m just like you, someone getting screwed by the choices our great populous makes. Unfortunately, things are going to get much worse before they get better. I was glad to see Cawthorn lose in NC. He reportedly went on cocaine driven porn binges (I think he was trying to emulate Hunter Biden.) Is it possible to be elected to Congress and just do the work. Nothing will ever change until we get… Read more »

Antonio

It’s a downer day across the board, even crypto. heheheh

SENZA

Burn Baby Burn

Gold and Silver are worthless manipulated garbage

Crypto tracking the markets is proof it’s not what they said it was supposed to be – all the suckers are broke and Elon Musk is once again laughing all the way to the Bank

Target took a 25% hit today and it’s still way, way over priced
Burn Baby Burn

I’m a Fool for Her Stockings but not her Gold, Silver or Crypto https://www.youtube.com/watch?v=YSqBqueFtf0

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Last edited 1 month ago by SENZA
Larry

Thank God the Biden Administration doesn’t follow the Market! Just wait until the feckless Fed raises the rate by .75 basis points.

SENZA

You nailed that one Larry

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Rich

Sounds like Disco Inferno

SENZA