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We own gold bullion to "support national security" - Russian Central Bank

US equity futures continued their push higher into record territory overnight (ES +0.1%), and the VIX is 1.5% lower and back under 10, after yesterday's blistering surge in US stocks which jumped 1%, the most since Sept. 11, following Powell's deregulation promise, ahead of today's 2nd estimate of U.S. Q3 GDP which is expected to be revised up. U.S.

In a surprising, and unexpected warning - which seemingly came out of nowhere - Russia's Finance Minister Anton Siluanov cautioned Washington yesterday that "If our gold and currency reserves can be arrested, even if such a thought exists, it would be financial terrorism."

Authored by Nick Cunningham via OilPrice.com,

OPEC is on the verge of extending its production cuts for an additional nine months, pushing the deal through the end of 2018. 

But the determination to keep the cuts in place comes at the same time that U.S. shale seems to be accelerating in response to higher oil prices.

DB’s Jim Reid has released his “2018 Credit Outlook”. In our first pass on this 60-pager earlier, we noted that Reid characterised 2017 as the most “boring year ever”, since it will go down as one of, if not the least, volatile year for the majority of asset classes.