Clive Maund june 2010, just before the run from 1200 to 1500 in gold.

" once the broad market breaks down and there is another “flight to safety” into bonds and the dollar, very similar to that which occurred in 2008, although with the underpinnings of the US economy and Treasury market coming apart, many investors who will think that they have found safe haven will eventually come to realize that they have jumped from the frying pan into the fire."

http://www.clivemaund.com/article.php?art_id=2292

Broken record that guy.