Stocks were attempting to rally from the early morning hours today, and the spokesmodels had their pom poms out and were doing backflips.

But alas, it once again proved to be just another illusion of The Recovery™. But we do love our illusions.

This is the second rally attempt that failed badly into the close. 

Gold and silver were hit early with silver maintaining its balance. Gold came back into the close.

Despite the clean bill of health given by Obama's CFTC in their summary finding, it appears that JPM may be risking another felony for manipulating the precious metals markets over a period of years. 

The merry marketeers are hoping for a rate cut from the Fed next week.The first rate cut that we see may signal that the beginning of the end is at hand. 

Have a pleasant evening.

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