This was just posted as part of Dan Norcini's chart commentary on the action in gold and commodity markets today.

The plunge in silver, losing 11% overnight, literally had the smell of a fund(s) blowing out written all over it. There is obviously some major fund(s) going belly up right now as selling of this nature is distressed and forced. I suspect we will learn that more than a few funds simply blew out of all their positions. Every major commodity market is sharply lower today as speculative money seems to be taking wings out of fear of another major player being forced out.

The weekend's news will tell if his supposition is correct.

This statement I heard on a TV podcast clip re the dollar's current strength.

The rise in the dollar is taking place because people are running to the leper with the most fingers when compared to the other currencies. It will not last.

In the second case the quote is not exact but the essence is there.

Both are interesting takes on the current state of things. Time will tell.

The fundamentals have not changed and they will win out.

P.