Happy Friday, Apes!

Grab the last of the week's double-doubles: gold and silver just had their best trading day in weeks, an Alberta giant hit pause on billions in shovels, and a tiny BC junior turned two historical drill targets into five without spinning a single bit.

Payday for the Fed doves, patience for the pipeline builders, five new porphyry targets for the geophysics crowd.

Let's dig in.

What happened: Gold ripped 2.67% to $4,352.60/oz Friday morning, and silver did it one better, up 4.20% to $63.97/oz, after a surprise US jobs report showed payrolls falling by 23,000 in July instead of growing.

The unemployment rate ticked up to 4.1%, the 10-year Treasury yield dropped to about 4.60%, and Fed funds futures cut the odds of a September hike to 44.0% from 54.7% overnight.

Why it happened: A weak labour market is rocket fuel for gold. It drags real yields down, it makes the Fed's hawkish hold from July 29 look shakier, and it landed the same week the US and Japan ran a coordinated yen intervention (the first joint move of its kind since 1998), which leaned on the dollar too.