The big news for traders today is that we ran into a plunge in gold and silver prices that caught most people off guard. The regular selling was based on the technical apprehension that gold failed to break through the $1300 mark Friday.

The disappointing jobs report for April issued by the Labor Department today might be just the prescription for stabilizing markets across a broad spectrum.

Regular trading in gold and silver came back to life today. It could not, however, push hard enough against the strengthening of the U.S. dollar, which, when all is said and done, is the key component in markets.