Trump's Fed pick has sparked a gold and silver meltdown

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• Silver and gold plummeted on Friday. Stocks also pulled back sharply.
• Gold dropped 12% while silver plunged 30%, as traders reacted to Trump's pick for Fed chief.
• Kevin Warsh's nomination boosted the dollar and took the wind out of the debasement trade.

The yearlong party in precious metals looks like it might be coming to an end.

The blistering rally that's pushed gold and silver to a series of all-time highs in the last...