Precious metals declined on Wednesday, led by matching 2% drops in platinum and palladium. Losses in silver and palladium were their first in four sessions.
Gold for June delivery settled down $3, or 0.2%, to $1,815.90 an ounce on the Comex division of the New York Mercantile Exchange.
"Technically, June gold futures see a nine-week-old price downtrend in place on the daily bar chart. Bears have the solid overall near-term technical advantage. Bulls’ next upside price objective is to produce a close above solid resistance at $1,875.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,750.00," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.”
Gold futures traded between $1,805 and $1,822.90. They rose 0.3% on both Tuesday and Monday.
Silver for July delivery shed 20.6 cents, or 1%, to settle at $21.544 an ounce. Silver futures ranged from $21.38 to $21.75. They gained 0.9% on Tuesday and they surged 2.6% on Monday.
In PGM futures on Wednesday:
-
July platinum declined $19, or 2%, to $924.40 an ounce, trading between $918.60 and $957.30.
- Palladium for June delivery fell $39.60, or 2%, to $1,992.60 an ounce, ranging from $1,965 to $2,100.
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 | This Week | March | April | May | 2022 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 0 | 57,000 | 140,500 | 80,500 | 93,000 | 523,500 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 0 | 1,000 | 5,000 | 3,000 | 2,000 | 55,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 0 | 4,000 | 20,000 | 14,000 | 8,000 | 110,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 50,000 | 0 | 75,000 | 25,000 | 50,000 | 370,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 0 | 20,000 | 64,500 | 27,500 | 36,500 | 218,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 0 | 425,000 | 1,080,500 | 850,000 | 850,000 | 9,281,500 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 14,200 | 0 | 0 | 40,000 |
| $25 American Eagle 1 Oz Palladium Coin | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Silver and Gold were down some, but Stocks were a Wipe Out!
Least he has a leash.
All pet sharks must be kept on a leash
One time my harness tangled with some thick seaweed and I thought it was the End but this isn’t about me; it’s about who’s First on Thread and there is no denying it’s Rich = CONGRATS BRO YOUR IN THE RHYTHM https://www.youtube.com/watch?v=9YuLlHHukwU
Bitcoin up +995 on May 19th.
Now $1,467.00 looks like they got a couple suckers to jump in – it won’t end well = BitCon
Just ask John, wait you can’t -shortly after he proclaimed BitCon would put the US Government out of Business – he was “found dead”