Business

Submitted by Mark O'Byrne via GoldCore.com,

Russia gold buying accelerated in October with the Russian central bank buying a very large 48 metric tonnes or 1.3 million ounces of gold bullion.

This is the largest addition of gold to the Russian monetary reserves since 1998 and could be seen as a parting 'gift' by Putin to his rival ex-President Obama.

The Russian central bank gold purchase is the biggest monthly gold purchase of this millennium.

If you’re serious about making money from investing in the financial markets, you need to be able to read the crowd… and go against it.

Let me give you an example… Currently one of the biggest consensus views is that the Gold rally is over and Gold is dead as an investment.

Right off the bat, you know this sentiment is at an extreme and off-base. Despite its recent sell-off, Gold is still crushing stocks in terms of performance year to date.

Some thoughts for tomorrow...

Submitted by John Rubino via DollarCollapse.com,

Some pretty good economic reports have energized various parts of the financial markets lately. Consumer spending is up, GDP is exceeding expectations and even factory orders, that perennial downer, popped this morning.

IHS Markit today released their annual study on the average age of light vehicles registered in the U.S..  As expected, the average fleet age continues to tick up and currently stands at 11.6 years.  While this may be great news for consumers, higher quality and longer useful lives can have a detrimental impact on annual auto sales.

“Quality of new vehicles continues to be a key driver of the rising average vehicle age over time,” Mark Seng, global automotive aftermarket practice director at IHS Markit, said in a statement.