See Commodities Continue to Crash
The liquidation wave has arrived, as the entire commodities (NYSE:RJI) complex, with an emphasis on silver (NYSE:SLV) and crude (NYSE:USO), continues to feel the wrath of a bipolar market which from inflation has suddenly realized that the underlying deflation needs to exhibit itself before the US Central Bank has a justification for more monetization. Elsewhere, the by bar biggest bubble in the world: the dollar short (NYSE:UDN), is blowing up, with the EURUSD on route to post a 300 pip move in a few hours. Basically, the tit for tat repeat of 2010 in this Anno Domini 2011 continues.
And liquidation update:
Tyler Durden is the founder of Zero Hedge.