Central bank buying continued in February with global gold reserves up by 52 tons, higher for the 11th consecutive month. January and February net purchases totaled 125 tons, the strongest start to a year since 2010.
Investing is one of the most difficult industries to get rich at, but not getting rich slowly. The biggest mistake many novice and other investors do is try to get rich quick.
Markets are trying to go higher but face headwinds. Last week was quite mixed as we are starting to see signs that the economy could be slowing but also are sometimes surprised at unexpected strength.
It was critical for the banking cartel from preventing the gold price from breaking out to new record highs and I warned traders last week to get out of leverage.
