Yo CJR,
Seems going by gold price, there are many not going for today's relief rally because it could be a head fake. Short term might be ok, but the trend is still not our friend.
I'm quite confused on the bond buying myself. But, smart money has more resources (why they are the "smart" money) so maybe they know something. The recent selling, brutal at times, makes sense because of the economy and debt worldwide. Market correction has been in the cards. Was just a matter of when. Be nice if the rally holds. Intraday low is higher than yesterday's, which is a good sign it may hold. If up tomorrow, Jobs numbers on Thursday may help because they always spin 'em as good.
Commodities should do well because the inflation monster is about to come out from under the bed in the US. It's already running around China like crazy.