Do Internal Links Lead To Penguin Slap / Algorithm-Based Penalties?

[Planet13]

Does anyone have any evidence (or strong suspicions) that over-aggressive INTERNAL linking can lead to either the de-indexing of a page or a serious Penguin / Algorithm slap?

After analyzing external back links pointing TO our site, it appears that the page that suffered the most damage had ONLY two back links; one questionable, one from a major US news outlet.

However, this page has the highest number of INTERNAL links pointing at it, and the INTERNAL anchor text is optimized.

[smallcompany]

What tool is good for internal link analysis, something that checks all pages on one domain and shows how links and anchor text correlate?

Thanks

[mike1019]

Any update from those that made changes?

I recently went ahead and removed a plugin which allowed you to choose which link appear below the content, all related of course.

However, I had quite a few links on a every page. We're talking 60 internal links below the content that reciprocated on each page, using the same anchor text as the title.

I took a hit on Aug 25 and haven't recovered yet. I'm giving this a shot.