More positive economic news this morning has the markets on the rise, following gains from yesterday’s pronouncements from the FOMC regarding its commitment to low interest rates for the foreseeable future. The Fed also seemed to hint at a possible QE3 regime. The dollar got hit, and equities and commodities rose. Gold, especially, has seen a return to favor, easing our concerns over our $2200 price target.
Energy Overview — TotalView™ of the Energy Markets