Tech craters, bitcoin tumbles and gold doesn't look that bad

Gold is holding up relatively well compared to everything else, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris after a tumultuous week for markets and metals. On Wednesday the Fed announced a 50-basis point hike, the biggest in 22 years. The U.S. dollar and U.S. Treasury yields all soared this week, while there was carnage in the markets. NASDAQ composite is down 22% year to date, while the S&P is down 13%. Bitcoin is also down 23% since Dec. 31. Gold hasn't been all that bad. The metal is still up about $80 on the year. Winners have been the senior gold miners. Barrick and Newmont are both up 20% year to date. GDXJ just 2%. The week culminated in Friday job's report. The U.S. Bureau of Labor Statistics said 428,000 jobs were created in April. The data beat expectations. Economists were forecasting job gains of around 390,000.As of recording Roundtable June gold futures last traded at $1,887.20 an ounce.Kitco Roundtable was sponsored by Libero Copper