Gold Declines Slightly on Tuesday, July 26

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Precious metals divided Tuesday with silver and palladium rising and gold and platinum falling. Gold’s loss, while very modest, was its second in a row.

Gold for August delivery dipped $1.40, or 0.08%, to settle at $1,717.70 an ounce on the Comex division of the New York Mercantile Exchange.

"Gold needs to overcome heavy resistance at the $1,745.00 an ounce triple top before the gold bugs can really start to get excited. ​ It has support at $1,680.00, and then the longer-term support around $1,675.00 an ounce zone," Halley wrote in a note sent to MarketWatch.

Gold futures traded between $1,711.50 and $1,726.40. They shed 0.5% on Monday.

Silver for September delivery advanced 20.7 cents, or 1.1%, to settle at $18.535 an ounce. Silver futures ranged from $18.28 to $18.62. They fell 1.6% on Monday.

In other precious metals futures prices Tuesday:

  • October platinum declined $4.90, or 0.6%, to $864.40 an ounce, trading between $858.50 and $881.40.

  • Palladium for September delivery added $8.20, or 0.4%, to $2,011.20 an ounce, ranging from $1,968.50 and $2,020.50.

US Mint Bullion Sales in 2022

Published United States Mint bullion sales were unchanged on Tuesday. 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 May June July 2022 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 164,500 31,000 33,000 659,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 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 0 56,000 21,500 23,000 282,500
$1 American Eagle 1 Oz Silver Coin 0 0 1,350,000 925,000 425,000 11,131,500
$100 American Eagle 1 Oz Platinum Coin 0 0 0 23,500 15,000 78,500
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Antonio

But silver is up .20 cents today. \O/

Rich

Silver!

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Antonio

High Ho!

SENZA

oH nO

SENZA

I just lost 50 cents on my 2.5 ounce US Marines Medal – If I had not sold it for $1250 yesterday I could have made 50 cents today

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Antonio

Wait, isn’t 50 cents a rapper?

Rich

.

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SENZA

Offer only valid in Zimbabwe

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SENZA

actually, I asked if she had change for 50 Cent

SENZA

He’s been animated for his own protection but I still don’t see change for a dollar – maybe he left it in Zimbabwe

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SENZA

Where will it stop

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Antonio

Alright then, half dollar.

SENZA

According to Notch Johnson it’s also the cost of two very reasonably priced Hookers – all you need is 2 quarters from you coin collection because 5 dimes won’t work

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SENZA

Damn it Man

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Antonio

How about a half dollar coin?

SENZA

Now your back to 50 Cent- how can they split 50 Cent? Who’s on First!

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SENZA

Not to confuse

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SENZA

I’m afraid the girl who set next to me in Grammar class didn’t wear panties and always set facing me – I can’t even remember if their was a teacher or anyone else in that class – so you will have to fill in the dots as you see fit.

This is coin related as I used to drop my lunch money on the floor next to her desk multiple times during each class.

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Antonio

I still remember the little flowers on the panties of the girl who sat in front of me, leaning forward in her chair. I’d call it, a little crack in class.

Rich

Antonio, you Little Rascal.

Anton.jpg
SENZA

.

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Antonio

Inspiration, not to be confused with aspiration. I aspire to be inspired.

SENZA

Let’s rap about it Antonio, https://www.youtube.com/watch?v=XTwkTVjbn78

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Larry

you’re saying you sold a $160 medal for $1250. If that’s true, it gives a new meaning to the word ‘jarhead!’

SENZA

You know NGC would have asked $10k and how do you think I fund my diet – that’s stuff is not cheap –

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Antonio

But it’s worth every cent.

SENZA
Last edited 13 days ago by SENZA
SENZA

Almost forgot

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Rich

SENZA the Air Bender Wind Breaker!

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SENZA

Rich The Last Airbender The Jasmine Dragon Coach’s Jacket

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SENZA

Sorry I’m still laughing but relief is on the way- if tis doesn’t help perhaps my newly patented Ball Cooler will.

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SENZA

.

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Antonio

That’s a good one. Oldie but goodie. Reminds me of The Dr. Demento Show when I was in high school.

Antonio

Hmmm, looks like Breaking Bad Bread.

SENZA

Hmmm,

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SENZA

How did you survive 02-22-2022 crazy dates

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SENZA

Reminder of the more important things in life

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SENZA

If you don’t like Taco’s

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Rich

All or Nothing Day reminder of the two important economic releases this week: FOMC rate hike & FED statement on Wednesday and 2nd Quarter GDP on Thursday ==> Will Gold pop or drop?

Last edited 13 days ago by Rich
SENZA

Walmart said the consumer is broke as F – that much I know is true because it’s the same on Feebay –

We already know Gold isn’t popping like it’s supposed to but the lingering question is; will Wall Street make it surge when we least expect it and I don’t have that answer.

I do know that Silver pumpers are desperate and starting wild rumors on youtube so that is not good for Gold or Silver

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SENZA

It’s a repeat of the 1970’s and Biden was in on it then as he is deep into fleecing us today – shame on us for tolerating it-

The light at the end of the tunnel is that Hot Pocket variety is alive and well

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Antonio

So we can expect another “Crisis of Confidence” speech? 🙁

SENZA

They can tell our children they are making us suffer so the children will have a bright future but we were the children they told that to in the 1970’s and look how we turned out.

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SENZA

.75 points, Wall Street Surges, Gold ascends the poor and middle class get financially slaughtered

Wow who would have guessed

SENZA
Antonio

You can always trust Weird Al to do something to make your day. lol.