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It was another quiet day in the gold and silver markets on Tuesday, with the gold price down $6, and silver up 16 cents.

I’m just getting back from the Rick Rule Symposium, and today’s charts have already reset for the new day. But you can still see how the metals traded throughout the day.

In terms of the symposium, today was only the first day I was there, but at least upon initial glance, I would say there is a change in the sentiment versus last year. Even though both the gold and silver prices had already begun rallying by last year's symposium (which was also in July), it felt like the enthusiasm was a bit more restrained in 2024.

I'm guessing the fact that the mining stocks have finally started to move this year has a lot to do with how people are feeling. But in either case, I will have some video coverage of the symposium, most likely next week.

But for today's theme, I wanted to take a look at a recent Bloomberg article, that details how Americans are selling their precious metals, while in China and the Far East they remain buyers, particularly of gold.

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