Gold & Silver Spiking on Huge Payrolls Miss

beach ballGold & silver have gone vertical this morning on the release of a terrible January Non-Farms Payrolls report:
+74k on expectations of +197k, the biggest miss in nearly 5 years!
Silver instantly spiked up through $20 to $20.31, and gold is heading towards $1250 with a last of $1246.

 

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Gold is now trading nearly $70 off its late 2013 lows near $1179:

Silver is back above the critical $20 level- this time food good?