this from ed steer of casey reserearch:

Needless to say, I spent some time on the phone with Ted Butler yesterday. He feels (and I sadly agree) that both gold and silver are being set up to be smashed down one more time before the 'all clear' can be sounded. Monday was just the start. The prices that both metals sell for at the very bottom is not as important as the number of long contracts that the bullion banks can get the tech funds/small specs to liquidate. In gold, it could be around $870...and don't forget that the boyz got silver $2 below its 200-day moving average in August 2007. So be prepared for anything.

http://caseyresearch.com/displayDrp....

the other rumor is even better; that a commodity fund blew up and had to liquidate its positions in everything.