Video Update

Video: Strong Jobs Report & Stock Market Breakout Pressure Gold

The oversold bounce in precious metals reversed course quickly on Friday amid the strong jobs report. Gold was hit the hardest while Silver and the miners declined less than Gold.

The question is if this news carries into next week and causes more of a decline in precious metals (which were short-term oversold three days ago) or if it fades quickly and the oversold bounce continues.

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