Gold and Silver Prices Fall on Monday, June 12


Aside from palladium, precious metals fell at the start of the new trading week on Monday, erasing much or all of their previous gains from last week.

Gold for August delivery declined by $7.50, or 0.4%, to settle at $1,969.70 an ounce on the Comex division of the New York Mercantile Exchange.

"A trio of bearish outside markets are pressuring the precious metals today: a firmer U.S. dollar index, solidly lower crude oil prices and a rise in U.S. Treasury yields. The marketplace is a bit quieter just ahead of the U.S. central bank monetary policy meeting and key U.S. inflation reports,” Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.

Gold futures traded between $1,963.10 and $1,981.40. They edged 0.4% higher last week.

Elsewhere, silver for July delivery fell by 35.1 cents, or 1.4%, to settle at $24.059 an ounce. Silver futures ranged from $23.95 to $24.40. They advanced by 2.8% last week.

In other precious metals prices on Monday:

  • July platinum dropped by $17.50, or 1.7%, to $995.30 an ounce, trading between $991.80 and $1,013.60.

  • Palladium for September delivery moved up by $36.30, or 2.8%, to $1,341.10 an ounce, ranging from $1,296 to $1,352.50.

Last week, platinum rose by 0.9% while palladium plunged by 7%.

US Mint Bullion Sales in 2023

U.S. Mint published bullion sales have been unchanged so far this month. The table below presents a breakdown of U.S. Mint bullion products sold, with columns indicating the number of coins sold (not total ounces) during different time periods.

US Mint Bullion Sales (# of coins)
Monday / June Last Week February March April May 2023 Sales
$50 American Eagle 1 Oz Gold Coin 0 0 41,500 211,000 159,000 60,500 590,000
$25 American Eagle 1/2 Oz Gold Coin 0 0 8,000 1,000 8,000 18,000 72,000
$10 American Eagle 1/4 Oz Gold Coin 0 0 12,000 10,000 12,000 32,000 146,000
$5 American Eagle 1/10 Oz Gold Coin 0 0 85,000 10,000 35,000 80,000 325,000
$50 American Buffalo 1 Oz Gold Coin 0 0 19,500 73,000 61,000 47,000 259,500
$1 American Eagle 1 Oz Silver Coin 0 0 900,000 900,000 900,000 1,593,000 8,242,000
$100 American Eagle 1 Oz Platinum Coin 0 0 N/A 7,500 500 1,200 9,200
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Seth said previous thread: “Kaiser,

There was a magazine once upon a time before the internet, that I cannot remember the name of, maybe Mad magazine, where they would show actual photos of about 4 real signs posted in public places on their last page each month. This was my all-time favorite! Lmao:

“Planned Parenthood
Parking in rear”


Too funny Seth! I vaguely remember something along those lines and I’m thinking MAD magazine might have been the one. Signs like these can be quite a mouthful! LOL

Seth Riesling


Too funny!
One of the funniest & strangest jokes I heard was on an HBO comedy special by some new guy I never heard of & can’t remember his name, & he said: “I really love babies…but, I can never eat a whole one!” Lol.



Precious Metals seeing a little action tonight. Pt and Pd; up 1/2% & 1% respectively and modest gains for Au and Ag.


For good measure, this one is priceless!


The US Mint has released their first bullion numbers for June also.(June 13, 2023)

1oz AGE 16000 Tot. Coins 16000, 1/2oz AGE 500 Tot. Coins1000 1/4ozAGE 1000 TOT. Coins 4000, 1/10oz AGE 1500. Tot. Coins 15000 , Total Ounces Gold 19000 Total Gold Coins 36000 l 1oz ASE’s 725000 Tot. Coins725000 l APtE’s 3500 Tot. Coins 3500 l


Wow, Kaiser you never cease to amaze me and thanks for the information on this German translation. I am a fan of always learning, so thanks for the education! “Ich möchte einen Toast auf Kaiser Wilhelm ausbringen! Cheers, Kanpai, Salud, ? Now I just need to learn how to remember as well as say it! A funny note is my brain wants to process the vowels like Spanish: Boy what a mess that would sound like to either native tongue if spoken as such! Hay Carrumba!