Most precious metals declined on Tuesday, but prices for most of them also registered significant gains in October. Despite slipping from a three-month high, gold was the biggest winner for the month, rising by nearly 7%.
Falling for the first time in five sessions, gold for December delivery dropped by $11.30, representing a 0.6% decrease, to settle at $1,994.30 an ounce on the Comex division of the New York Mercantile Exchange.
"Gold and silver prices are weaker at midday Tuesday, pressured by solid gains in the U.S. dollar index, lower crude oil prices and a slight uptick in U.S. Treasury yields. Routine profit taking in gold and silver from the shorter-term futures traders after recent gains is featured," Jim Wyckoff, a senior analyst at Kitco Inc, said in a daily research note.
In October, gold prices rallied 6.9%, and on Monday, the yellow metal registered its highest settlement since July 31. For the year to date, gold is 9.2% higher.
Falling for the sixth time in seven sessions and erasing most of the prior day’s gain, silver for December fell by 44.4 cents, or 1.9%, ending at $22.952 an ounce. Silver posted a 2.2% gain in October, reducing its year-to-date loss to 4.5%.
For other precious metals prices on Tuesday and for the month of October:
-
January platinum rose by $5, or 0.5%, to settle at $944.90 an ounce, bringing its monthly increase to 3.2%.
- Palladium for December delivery declined by $12.20, or 1.1%, ending at $1,126.10 an ounce, for a monthly tumble of 10.3%.
When evaluating their year-to-date performance, platinum has seen a 12.7% decrease, whereas palladium has encountered a more significant decline of 37.4%
US Mint Bullion Sales in 2023
U.S. Mint bullion sales last changed on Monday, Oct. 23, with reported gains totaling 9,000 ounces in American Gold Eagles, 1,019,000 ounces in American Silver Eagles, and 4,500 ounces in American Gold Buffalos.
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) | ||||||
|---|---|---|---|---|---|---|
| Tuesday / Week | Last Week | August | September | October | 2023 Sales | |
| $50 American Eagle 1 Oz Gold Coin | 0 | 7,500 | 78,000 | 27,500 | 93,000 | 865,000 |
| $25 American Eagle 1/2 Oz Gold Coin | 0 | 1,000 | 2,000 | 13,000 | 4,000 | 92,000 |
| $10 American Eagle 1/4 Oz Gold Coin | 0 | 4,000 | 2,000 | 30,000 | 18,000 | 182,000 |
| $5 American Eagle 1/10 Oz Gold Coin | 0 | 0 | 150,000 | 40,000 | 30,000 | 605,000 |
| $50 American Buffalo 1 Oz Gold Coin | 0 | 4,500 | 19,500 | 18,500 | 33,500 | 364,500 |
| $1 American Eagle 1 Oz Silver Coin | 0 | 1,019,000 | 3,124,000 | 2,970,000 | 3,306,000 | 21,215,000 |
| $100 American Eagle 1 Oz Platinum Coin | 0 | 0 | 0 | 0 | 0 | 12,700 |
Boo! It’s a very scary world this Halloween holiday with so many wars going on & the mass shootings in the USA & anti-Semitism running rampant…so sit back & swallow lots of that sugary Halloween candy & get a sugar rush & wash it down with some Mt. Dew soda for a sugar-caffeine coma so we can forget the fact that we are all seemingly going to Hell in a hand basket basically on this spooky Halloween nite. Where is Elvira Mistress of the Dark when you need her??!! Oh, and precious metals are all down on the spot market…time… Read more »
Kaiser,
Mazel Tov! Best wishes on your special day. And, your advice is wise, as I worry too much about things sometimes (OCD, etc.).
NumisdudeTX
Careful, auto correct might drop an accidental jigga in your comment.
Wow, Kaiser Wilhelm, talk about being out of the loop. I wonder what gives and why Major D deleted/removed his comments. I wonder. hmm…. Is there any chance that some commenters here upset him or he is unable to tolerate “some” peoples points of views or expressions of certain peoples thoughts.? I know that this thread in particular is making me second guess, visiting and sharing here. Just not a fan of the stereotypical, coin enthusiast, political, racist sexual orientation rants and don’t find it that entertaining, at all. Sure if we watch the news and see all the vitriol… Read more »
Hi CaliSkier,
Did you see his “leaving for health reasons” post a few days ago? I saw it later. I hope he will be back.
Now you know why there was conflict when you chewed me out a few weeks ago. You are repeating my words from August. I replied to one of your posts with details just a few hours ago, hope you get to see it before you make a decision about leaving. The thread with the copy/paste on it.
Jeff, thank you for bringing me up to speed in re: to the whereabouts of Major D. I responded to your above post in the same copy/reply thread errantly. For continuity sake I’ll repost here as well. If already having read, obviously don’t bother reading again, it’s long winded. BTW, I seriously doubt that I repeated any of “your” words from August? Maybe context, however probably not verbiage.”? Anyhow, this isn’t an us vs them, scenario. I’m a fairly free thinker as well a passionate defender of what “I believe” is correct/right! What starts out as subtle innuendo can and… Read more »
Repost from previous thread: “Why oh why did I find that article and read the crap you “guys” all posted? Thanks Jeff for trying to “help me” understand what has or is transpiring. Now I’m going to be blatantly and brutally honest. You, nor I can or will change others actions, words or thoughts, especially those you have a beef with here on Coin News. Unfortunate, but true, IMO. Now the brutal part, I have not done DD(due diligence?) on many topics, yet post. I do try hard to stick to or gather as many facts as possible. I am… Read more »
Hi CaliSkier, “In closing, Jeff I applaud your efforts/goal, just not necessarily the method. PS How are we not to be offended as you more or less look at us like “rats” as part of your “experiment”? LOL“—I wish I could radiate confidence I am right, but I cannot. It worked the only time before is the best I got. Your method didn’t seem to be working 3-1/2 years ago, but it doesn’t mean it might not now. I am one of the “rats” too as I am part of the experiment here as well. well, even if you still… Read more »
“BTW, I seriously doubt that I repeated any of “your” words from August? Maybe context, however probably not verbiage.”?“—-Remember you only saw a sampling. There are many more comments I made on many more articles. From before then as well. The point I directed you to was where I started pushing back. No, not the exact words, but overall we were saying the same things. Perhaps Major D deleted his after I already counted forth from the bottom. You were on the right post. You just missed the part I meant in it. First comment, Dazed and Coinfused. After the… Read more »
HI CaliSkier, I hit “post” on mine before I finished reading yours. “Much like some here may think I’m calling them ignorant implying something bad when I truly am using and meaning it from its definition, “lack of knowledge”.“—I have said this many times here probably all the way back to 3-1/2 years ago. I said ignorance is not an insult. It just means you do not know something. It is easily cured. Educate, don’t Decimate. “PS I also find it painfully difficult to see some that wouldn’t normally participate in such degrading behavior, get caught up in the “crap”.“—Mob… Read more »
I served next to many that died for that right. In a couple days you can post your empty thank you for your service post so that you can feel all warm and fuzzy. Also, voting is a right and not mandatory. If I don’t support either candidate why waste my time standing in line for hours, increase my carbon footprint driving across town to do a write in that will never get picked? I didn’t like Abbott so I voted by moving to Florida. Sadly DeSantis has turned into an Abbott clone. But with bidenomics can’t afford to move… Read more »
“I served next to many that died for that right. In a couple days you can post your empty thank you for your service post so that you can feel all warm and fuzzy. Also, voting is a right and not mandatory. “—-To “keep” that right. As I already thanked you the first time you mentioned that long ago now, I have no need to do it again. Especially if you tell me you do not want to be thanked. I can possibly understand that. Especially if I joined for any other reason than patriotism, which would not have been the… Read more »
I wasn’t fishing for a thank you. I was speaking generally. I tried to join as a young man out of high school when my parents said they couldn’t afford to send me to college. But I made a few bad calls and was disqualified from service. Unless several congressmen wrote a letter on my behalf. I wrote to a couple and they never replied. So writing congress is a waste of time for me. I tried it again when a dealership and lawyer was causing great hardship and violating business and ethics laws. No reply there either, but I… Read more »
Hi Dazed and Coinfused, Now this is a great post. As I passed through each paragraph I wondered when the tone would change for the worse and it never did. Thank you for explaining your background and why you feel the way you do. Now I know you are a good guy. A bad one would have resorted to insults now or not responded at all. This is the type of post that can start a conversation that may help people here see most political issues are far more complicated than one side is simply the enemy trying to destroy… Read more »
Thanks for your time. Lot to unpack. Ok. Border wall part, build the wall in Mexico bordering Guatemala. That’s how the wall gets smaller. Most immigrants now coming from countries south of Mexico. Also it would be Latino addressing Latino so you cant point fingers and blame racism. Although I have met blacks that hate blacks and Latino that hate Latino. Inside the people are bad, race (or religion or whatever) is the excuse used to own or condemn their actions. I learned from ferris Buehler that walls dont work, he even ran through people’s houses, the point made is… Read more »
Hi Dazed and Coinfused, “Ok. Border wall part, build the wall in Mexico bordering Guatemala. That’s how the wall gets smaller.“—This one made me laugh, but now I understand what you meant. Thanks! Do you think your political allies would agree? Do you suppose after a hard no to paying for a wall on their northern border Mexico will be willing to pay for one on their southern border? I would say nope again, but I am sure they would willing to allow us to pay for it, and then divert much of the money elsewhere. Oh, the irony. Would… Read more »
Congratulations Kaiser Wilhelm on your Anniversary! Also on keeping your focus on something besides the turmoilious world. Maybe someday I will gain this perspective. Often I struggle to apply a filter of sorts and find these many, many, many issues disturbing. Oh well, that’s my problem, much like what else I’m about to share. Again Congratulations to you and your wife and hope your spooky anniversary was as spooky as you’d desired! Thanks for being a valued member of the Coin News Crew! I’m second guessing my visitation rights here, due to my inability to skim/unread crap being shared here.
I am a day late, but happy 31st wedding anniversary to you and your wife Kaiser Wilhelm.
Ok, what is going on? What happened to all of Major D’s comments? They have been eradicated from all previous threads, as best I can tell? How does one get their comments removed from an ongoing open blog? The replies to Major D are still there but any trace of his actual comments from at least 3 threads with known comments, have been removed??? Did he ask for his comments to be taken down? Was there some kind of beef with the hosts or fellow commenters? I’m hoping he is doing well and there hasn’t been some kind of problem… Read more »
Thanks Kaiser Wilhelm for letting me know. I took a peak and found the feature you speak of disguised as an “upper torso/gear”! LOL Too bad IMO all that information, research, knowledge and data was purged by it contributor Major D. I wish his health wasn’t an issue and he hadn’t decided to eliminate any trace of his valuable contributions. He was blunt often times, however clear and provided data points often that helped to compare and contrast a coin or series specifics. Or at least led to coin related exchanges. Again, I didn’t see all of what transpired with… Read more »
Hi CaliSkier, We can’t really know unless he tells us himself, but I think he was tough so I think it is a physical health issue. Insults roll off me, I faced tons growing up. I could respond forever, and then chat amiably after it stops. Unless it happens again, and again, and again. Early 2000s I worked with a guy who kept accusing me of messing with his desk. Then he would apologize a day or two later. Eventually (usually 3 strikes, never less), I told him the only good apology going forward is to stop accusing me in… Read more »
Survived Halloween. Sure we’re a lot of kids dressed like 20 something year old black men. Guess all the costumes still sitting on ships of coast of California. But with all the gold in their teeth and around their neck, it convinced me to reduce my MP subs from 3 to 1. Isn’t it like stock advice, if your barber is talking about a stock it’s time to sell. I also see a lot of people dressed as refugees. I thought Taylor swift and Barbie were the big influences, but seems world leader HNIC (morgan freeman words) unky Joe has… Read more »
Hi Dazed and Coinfused, Ya make me wonder what is wrong with you. Did ya completely forget this is a coin site? Was there a point to this ramble, or did you forget to make it, like the other day? Want to continually talk politics here? I will stop when you stop. The great thing is, I read a ton of news a day. And the Trump Republicans are so corrupt, criminal or incompetent that I will have to plenty talk about with you here daily. For example, yesterday I saw the Republican Governor in Virginia under announced the number… Read more »
Jeff, this opening is what I’m talking about. Right off the get go, “what is wrong with you”? How is or why do you think that would or will lead to a positive exchange? Notice how quick Craig jumped in? I’ll try to stay out of it( however I see this going the same way as before, that’s why I “chewed “ you “ out before. You are fueling the fire and appear to be prodding for a fight that will not be won by either side and the rest of us , here are then subjected to, the ole’… Read more »
I hear what you are saying but my experience from the last time says letting him continue will do more damage here over the long term than confronting him now. Sure it is painful to do so. Americans used to do the right thing even if it was painful. Public shaming was an excellent deterrent. Doesn’t history show that too? How about the next time, you address the post to one of them, and mention me in that post? It would be helpful if someone other than me, Kaiser Wilhelm, Major D, or Seth say something to them. If you… Read more »
Don’t hate the player, hate the game. I didn’t make up the rules (gerrymandering, Mail in ballots, last minute ele turn rule votes, Iowa must vote first) buy if you can’t win playing by rules, change em. Like moving first vote to SC to highlight what 13% of the population thinks so they can sorta gerrymander what the other 49 states should think. Don’t forget that many blacks are wrongly in jail (just blacks, no other races ever) for felonies or served their time for felonies and can’t vote. Biden now asking for border money as part of Ukraine and… Read more »
I find it reprehensible that you complain, complain, complain about everything in the USA & our foreign policies etc., but you don’t even vote!! Talk about “dumb people”, you are one & are part of the problem!! Get off this coin/numismatic website & complain elsewhere from your basement of despair.
“in God We Trust” is on all our coins since 1864, & you should be thankful to “God” that you are lucky enough to live in the USA.
NumisdudeTX
Seth, Why are you bringing up ‘God’ and ‘In God We Trust’? I thought democrats wanted to purge ‘God’ from everything in the USA. Next thing you’re going to say is you’re a certified Preacher. Lol. I understand Dazed point of view with regards to voting. Many times I think it’s a waste of time and in today’s environment, where states can randomly change the long held rules of voting overnight, that feeling is only intensified. It’s opined that over 6 million illegal aliens have entered into this country in the past 3 years. Do you think anyone is going… Read more »
Craig,
I bring up “God” because this is a numismatic website & the law states that the motto “In God We Trust” has to appear on all our legal tender coins & all of our Federal Reserve banknotes in the USA. Remember when the Mint put the “God” motto on the edge of the Presidential $1 coins the first 2 years of that coin program (2007 & 2008) & many people had a fit & complained to Congress & it was moved to the obverse in 2009?
My Grey Goose dirty martini time is now…
NumisdudeTX
Hi Craig, When did you start thinking? Lol (does that help make the comment better?). You know who else wanted to keep God out of Government? Our founding fathers. You guys are already criticizing Jesus now as too woke. How much longer til the founding fathers are cancelled by the TRINO as well? Good thing many owned slaves, that should keep them on your sides good graces. That is why it did not appear on coins in the 1700s. But that is because they wanted to actually govern, instead of just praying for guidance without a plan, like MAGA Mike… Read more »
Ohhh, someone noticed. Reprehensible indeed. I felt the same. Thanks Seth!
1st amendment. I have right to express my views. I have the right to vote or not vote. Obviously I am on the other side of the coin from your side so one would think you’d be happy to not have a Republican leaning vote removed, increasing chance your guy wins. What? LGBT not claiming Santos as one of their own? Dems vote all or nothing 100% yay or nay, never a middle ground. Of course those up for reelection and scared to lose seat vote present or give power of attorney for other rep to vote for them in… Read more »
Ok, Dazed and Coinfused. I can see this was before the good one I just replied to and there is one I was working on yesterday night when my internet went out that I will still answer below. I see plenty of erroneous statements below so I am still going to respond to them but I think you are playing nice now again, so do not get too upset. Of course, I have thought you finally got it multiple times already and was almost immediately proven wrong. Another good reason for me to respond. “1st amendment. I have right to… Read more »
So you think felons deserve to keep right to vote. Insurrection is a felony. Guess you believe they should vote. If criminal can vote, why not serve office too? Obama as president. The vote comment was about if the country is so racist, no matter what happens blacks wouldn’t hold office, so obviously Obama winning twice is either blacks finally showed up (reverend Jessie Jackson must not have cut the mustard for them apparently, or they didn’t vote and are complaining trump won, I don’t know). But point was that there are those that reached across the aisle and voted… Read more »
“So you think felons deserve to keep right to vote. Insurrection is a felony. Guess you believe they should vote. If criminal can vote, why not serve office too?”—-Yep. And I am guessing Trump’s party will agree with me soon. Again with you. All or none, huh? I guess if they are still allowed to vote, just eliminate jails now too, huh? Holding office is a privilege, not a right. Geeez. Do you lose your citizenship when you are a felon? That is a no, if you are unsure. Then why should you lose your “right” to vote? Banana Republics… Read more »
“Don’t hate the player, hate the game. I didn’t make up the rules (gerrymandering, Mail in ballots, last minute ele turn rule votes, Iowa must vote first)“—-But you are not trying to do anything about it except complain. Same as ever. Like a broken record. Do you ever vote? I mean it is pitiful enough that you are not registered to vote now. Have you ever voted? Why should anyone listen to your political viewpoints anywhere, must less here? You still blast out a load of pellets that rarely hit a target. Like this: “If ya don’t like tuberville don’t… Read more »
Owning the cons. I guess that is something, but how does it compare to Owning actual people? Ah yes, go back to my old posts and see the info pertained to the history and had some thought provoking comments. But ya know, like you, eing accused over and over and over and over for stuff I didn’t do put me in a corner. Black black black. Sure. Because I know how they are. Did you ever live in a 90% black city? Work around 90% black company? Yeah it’s fun. The very things they chanted while burning down stores of… Read more »
Hi Dazed and Coinfused, I typed most of this yesterday (my internet went out), so some comments might be a bit out of date concerning your personal history that I just read about today. Again, I know you had a great one above from today, so do not get too upset at anything in here, unless you already backslid and I don’t realize it yet. Then feel free. “Owning the cons. I guess that is something, but how does it compare to Owning actual people?“—I don’t know, how does that compare to “owning the libs”? Does slavery have something to… Read more »
Dazed,
Another great read, my friend! I thought Biden was going to unify this country and save our ‘soul’. Judging by his dismal poll numbers, it doesn’t look like he’s been very successful in that endeavour, but at least he’s gotten a nice tan from being at the beach all summer.
You sold your soul in 2016, if not earlier. The country however, is still savable. How does Biden’s real tan compare to BD’s bottled one, I wonder?
Thanks for the humor, Kaiser Wilhelm. I even liked the meme this time, and that is unusual for me.
Not to mention the real very scary Boogeyman – gay, Republican congressman (Drag Queen) George Santos (R-NY) & his very scary blob body & fat meat head…he is 90% bologna & drives an Oscar Mayer WeinerMobile part-time, consuming Kosher weiners by the dozen. He’s a disgrace to us “normal” Queer Nation members like myself.
Did I say that out loud??!! Lmao.
NumisdudeTX