We have our eye on two areas today: the U.S. and China. It is a tale of two economies. One is obviously more mature than another. One sends out reports that often seem fictional in nature yet helps to drive markets.

As of midafternoon, West Texas Intermediate is up around 4.5% with Brent North Sea Crude following closely behind.

Today’s big news is coming from gold and the rest of the precious metals complex.

Gold is up 1.35% and silver is up 3.50%. Platinum higher by 2.25% and palladium is bringing up the rear with a 1.00% gain.