Gold Ends at 6-Week High as Other Metals Fall


In precious metals trading Wednesday, gold climbed to a six-week high while silver, platinum and palladium declined.

Gold for April delivery tacked on $20.40, or 1.1%, to settle at $1,931.30 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since Feb. 1.

"It’s a total safe-haven trade. There’s a lot of concern about Credit Suisse and now European banks are really coming under quite a bit of pressure. So it’s a complete flight to safety," Reuters quoted Phillip Streible, chief market strategist at Blue Line Futures in Chicago.

Gold futures traded between $1,889.50 and $1,942.50. They shed 0.3% on Tuesday and they gained 2.5% on Monday.

Elsewhere, silver for May delivery fell 15.8 cents, or 0.7%, to end at $21.882 an ounce. Silver futures ranged from $21.60 to $22.53. They rose 0.5% on Tuesday, registering their highest close since Feb. 10, and they soared 6.9% on Monday.

In PGM futures on Wednesday:

  • April platinum lost $27, or 2.7%, to $970.30 an ounce, trading between $953 and $997.70.

  • After ending at their highest price since Feb. 21, palladium for June delivery tumbled $72.90, or 4.8%, to $1,444.80 an ounce, ranging from $1,415 to $1,516.50. Last Wednesday, palladium at $1,363.10 an ounce logged its lowest settlement since June 7, 2019.

US Mint Bullion Sales in 2023

Published United States Mint bullion sales were unchanged on 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 January Sales February March 2023 Sales
$50 American Eagle 1 Oz Gold Coin 0 10,500 39,500 118,000 41,500 50,000 209,500
$25 American Eagle 1/2 Oz Gold Coin 0 1,000 0 37,000 8,000 1,000 46,000
$10 American Eagle 1/4 Oz Gold Coin 0 2,000 8,000 62,000 12,000 10,000 84,000
$5 American Eagle 1/10 Oz Gold Coin 0 10,000 0 115,000 85,000 10,000 210,000
$50 American Buffalo 1 Oz Gold Coin 0 4,500 14,500 59,000 19,500 19,000 97,500
$1 American Eagle 1 Oz Silver Coin 0 450,000 0 3,949,000 900,000 450,000 5,299,000
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Kaiser Wilhelm

“After ending at their highest price since Feb. 21, palladium for June delivery tumbled $72.90, or 4.8%, to $1,44.80 an ounce, ranging from $1,415 to $1,516.50. Last Wednesday, palladium at $1,363.10 an ounce logged its lowest settlement since June 7, 2019.” –
Palladium not only dropped like a rock but also exhibited an unusual price point.

Major D

The Army 2.5 oz silver medal is back available today. 53 as of 9:35 am EST March 16.

Kaiser Wilhelm

The 100% Genuine Official Magic Product Availability Yoyo of the Mint unspools again.

OIP (1).jpg
Major D

HOLs were just increased for all Morgan and Peace $’s

2023 Morgan Silver Dollar Uncirculated Coin


2023 Peace Silver Dollar Uncirculated Coin

HOL= 25

2023 Morgan Silver Dollar Proof Coin


2023 Peace Silver Dollar Proof Coin

HOL= 25

2023 Morgan and Peace Dollar Two-Coin Reverse Proof Set


Major D

And the Subscriptions page has crashed

Kaiser Wilhelm

My goodness. Magic Caffeine “Sold Out Limited Edition No One But Me Has Any Of These Once In A Lifetime Opportunity Coins But Hurry They’re Almost Gone” Mezack must have taken a cue from Pewtin and launched a multipronged assault on the system.