Gold and Silver Gain on Monday, July 18

42

Precious metals posted gains in their kick off to the new trading week on Monday. Their advances ranged from 0.4% for gold to 3% for platinum.

Gold for August delivery rose $6.60 to settle at $1,710.20 an ounce on the Comex division of the New York Mercantile Exchange.

"Bullish outside market that see the U.S. dollar index sharply lower and crude oil prices solidly higher are helping to lift the precious metals markets to start the trading week. A lack of fresh, markets-moving economic or geopolitical news early this week has metals traders looking at the outside markets for direction," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,704.40 and $1,722. They fell 2.2% last week, for their fifth straight weekly loss, and ended Friday at their lowest price since March 30, 2021.

Silver for September delivery moved up 24.6 cents, or 1.3%, to end at $18.84 an ounce. Silver futures ranged from $18.58 to $18.95. They lost 3.3% last week. On Thursday, silver logged its weakest finish settlement since July 1, 2020.

In other precious metals prices on Monday:

  • October platinum added $25.10 to $856 an ounce, trading between $830.70 and $863.70. On Thursday, platinum posted its weakest finish since June 26, 2020.

  • Palladium for September delivery gained $19.70, or 1.1%, to $1,849.10 an ounce, ranging from $1,835 to $1,892.50.

Last week, platinum dropped 5.9% and palladium tumbled 15.2%.

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 May June July 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 18,000 164,500 31,000 33,000 659,000
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 7,000 6,000 3,000 69,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 8,000 18,000 2,000 130,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 50,000 135,000 5,000 510,000
$50 American Buffalo 1 Oz Gold Coin 0 14,000 56,000 21,500 23,000 282,500
$1 American Eagle 1 Oz Silver Coin 0 425,000 1,350,000 925,000 425,000 11,131,500
$100 American Eagle 1 Oz Platinum Coin 0 1,000 0 23,500 15,000 78,500
Subscribe
Notify of
guest
42 Comments
Inline Feedbacks
View all comments
Antonio

Small gains. Time will tell if it’s a trend.

Rich

… as we ride the time machine

TimeM.jpg
Antonio

Don’t forget a lighter, just in case.

images.jpg
SENZA

Talk about being way ahead of your time

07-19-2022_016.jpg
SENZA

I’m glad you Gold hoarders got some good Newz today

07-18-2022_001.jpg
Rich

Sir Kaiser, gold is trying to find a hard bottom.

SENZA

Seen this on Feebay today

07-18-2022_009.jpg
Major D

Granted it’s a PR70, but seeing the one quarter proof priced more than the entire 2022 Proof Set makes the set look like a pretty good deal at $32

Last edited 21 days ago by Major D
Antonio

Mine must be worth a mint (no pun intended). : P

Larry

Senza,

This is a good example of why we should be teaching financlal literacy in school instead of ‘how can I transition to the thing I really want to be.’ This country just gets dumber every day and the Chinese and their kids are just sitting back and laughing, while learning coding, math sciences and real skills. I’ve got to go practise my Mandarin.

SENZA

Right On! Larry,

And just when we thought it couldn’t get any worse Brandon is pushing this agenda again

When the Elite created Stocktwits and Robinhood to fleece 5th graders out of their lunch money we just took another turn for the worse – some financial education that was –

07-19-2022_007.jpg
Last edited 20 days ago by SENZA
Major D

Yeah, dang all those college-educated elites who actually think learning about real factual stuff actually matters (this is sarcasm…) instead of burning books and erasing history.

Rich

Harry Truman, Doris Day, Red China, Johnnie Ray South Pacific, Walter Winchell, Joe DiMaggio Joe McCarthy, Richard Nixon, Studebaker, television North Korea, South Korea, Marilyn Monroe Rosenbergs, H-bomb, Sugar Ray, Panmunjom Brando, “The King and I”, and “The Catcher in the Rye” Eisenhower, Vaccine, England’s got a new queen Marciano, Liberace, Santayana, goodbye Joseph Stalin, Malenkov, Nasser and Prokofiev Rockefeller, Campanella, Communist Bloc Roy Cohn, Juan Peron, Toscanini, Dacron Dien Bien Phu falls, “Rock Around the Clock” Einstein, James Dean, Brooklyn’s got a winning team Davy Crockett, Peter Pan, Elvis Presley, Disneyland Bardot, Budapest, Alabama, Krushchev Princess Grace, Peyton Place,… Read more »

beastie.jpg
SENZA

But……………………….

07-19-2022_017.jpg
Major D

Yeah, it really helps that the Trumpuglicans are anti-science, anti-math, anti-medicine, anti-education, etc….. (unless it’s teaching about Jesus wearing an AR-15 and riding a dinosaur). Makes our country more stupid each and every day.

Antonio

The three Rs.

41-KNcedqIL.jpg
Antonio

Nowadays

education-teaching-education-teachers-curriculum-reading-texts-rmon3936_low.jpg
Larry

Kaiser, Have you seen the Math and Reading skills for Baltimore? More than 75% test at elementary level in math and reading.These are high school students. Most have never even heard of ‘cursive’ writing.I’m not implying all schools are failing or no students are learning, but with the money that we shell out for education, the results should be much better.I’m not even going to touch the ‘speak’ component of your post.Nope.

SENZA

The High School I went to was so bad they had to create a special (EASY) math class called “Senior Math” which was a guaranteed “PASS” otherwise over 80% of every Senior class would not have been allowed to Graduate.

07-19-2022_018.jpg
Major D

When I checked at 1:50 pm today there were 346 ASE-W Uncirculated/Burnished still left, but as of 8:33 pm they are Not Available.

Antonio

Got mine. Just waiting for August 9th and the ASE-S Proof. That’ll do it for me. It’ll be sit back and enjoy the comments on CoinNews.net. 😉

SENZA

It just posted on the US Mint website

SENZA

Maybe if the penny and the dollar were Silver – collector’s would have an easier time thinking this is actually a Silver Set

07-18-2022_012.jpg
Major D

left out the nickel?

SENZA

Damn, your right – I missed that one – those cheap F’s

07-18-2022_014.jpg
Antonio

If you want all silver (or almost all silver), try the Canadian silver set. I believe only the dollar and two dollar are not silver, if I’m not wrong.

SENZA

Damn it Antonio, a Silver Set should be a Silver Set

Look at this Silver Beauty

07-19-2022_019.jpg
Larry

I happened to see Mezack selling a 2019 silver set for $79.95. It has as much silver in it as this set but costs $25 less. Isn’t a woman running the mint these days…she wouldn’t be ripping us off, would she?

SENZA

Good old Mezack – there is a Woman puppet for Brandon’s agenda but I still believe BlackRock aka Blackstone and NGC run the US Mint

Major D

Regarding the NPH commemorative coins, I placed 3 orders: #1 on March 4th for proof half, uncirculated $ and uncirculated half; #2 on March 24th for colorized $; and #3 on March 25 for another colorized $ after HOL was lifted. So far, I have had only #2 with any action (showing as processing since July 12th– 6 days now and it’s still processing?) and absolutely nothing showing up on credit card for order #1 and order #3. The original in-stock date when placing all of the pre-orders was June 15th. After one month and counting there has been no… Read more »

SENZA

I was watching a Youtube coin blog today, and all those sad suckers in the same predicament as us – were speculating that if the Mint didn’t at least make a statement and give a tentative date that something more sinister is at play.

I like how they say my CPH shipped on a “Sunday” and today tracking says USPS has not received the package yet

03-05-2022_087.jpg
Last edited 21 days ago by SENZA
Rich

I’m in the same boat
with Status Pre-Shipment Info Sent to USPS, USPS Awaiting Item July 18, 2022

senzboat.jpg
Last edited 21 days ago by Rich
SENZA

One of these days the US Mint will realize they are a Mail Order Company Too – wait no they won’t ……………………But you will enjoy the Ride

When I bought my SENZA in 1991 it had a 454 Magnum 365 HP but the shady dealer didn’t tell me that the new model was coming in with the 500 Magnum – however I did improvise.

07-18-2022_013.jpg
Last edited 21 days ago by SENZA
SENZA

We may have to

07-19-2022_004.jpg
Antonio

I received my 2022 mint set yesterday. Just sayin’.

22rj_a.jpg
SENZA

Damn it man post the real photo – I want to see it

And we must keep it Real

07-19-2022_020.jpg
SENZA

U.S. Marine Corps 2.5 Ounce Silver Medal
My Medal still has not shipped

Stock Market is Surging – are we in the wrong game

07-19-2022_010.jpg
Last edited 20 days ago by SENZA
Major D

if you’re talking about investments, then yes- real estate is where wealth is made. Coins are penny-ante compared to that.

Last edited 20 days ago by Major D
Antonio

Ah yes.

131149677_1301085013592649_6008081609614752657_n.jpg
SENZA

Good Point,

Every dollar I put in the shoe box under my bed is still there – I can’t say the same about every investment I made.

How many of you bought Microsoft, Crapple, Tesla or Scamazon stock years before any of them ever went up – time can be cruel and so can stock manipulation.

07-19-2022_021.jpg
Rich

SENZA and Major D, Rather than cherry picking individual stocks for comparisons (since some are all-time winners and some are all-time losers), consider the composite stock indices for this 21 year comparative analysis versus Gold over the period from the December, 2000 to December, 2021: DJIA: 2000 = 10,000, 2021 = 35,500, gain = 3.6 times S&P500: 2000 = 1,145, 2021 = 4,700, gain = 4.1 times NASDAQ: 2000 = 2,500, 2021 = 15,200, gain = 6.1 times Gold: 2000 = $270, 2021 = $1,800, gain = 6.7 times Footnote: At today’s close – DJIA = 31,827; S&P500 = 3,936;… Read more »

Last edited 20 days ago by Rich
SENZA

Great data as always Rich, So why the hell are we so depressed – Wait I just remembered – because the mint charged us 3 times the actual cost of the shiny stuff and we can never make that up. As a seasoned trader, I can tell you that the individual stocks in those indices did not perform nearly as well as those indices numbers and it was difficult to impossible for investors to match those numbers in their 401k’s etc. It is however, another argument in favor of Gold. There has always been a separation of reality between major… Read more »

07-19-2022_041.jpg