Gold is down big in anticipation of, and then confirmation of, a better than expected jobs number. Big surprise in today's markets, ya right!
Fact is gold needed a good correction, and some sideways action for a few days at least from here will be welcome.
The thing encourging me at the moment is that the miners are not down much. XAU and HUI only down 3% rather than 7,8,9% some might expect. GORO down less than 1%. Volatile SLW down only about 2%.
I like what I see!