Markets are looking very dangerous now. European markets are...

Markets are looking very dangerous now. European markets are getting smashed. The Dow could get hammered tonight as futures are already well down. What is interesting is US 10 year bonds are 3.93%. This surely must indicate that there is ultimate confidence in the US dollar. Otherwise you wouldn't be scrambling to get such low interest rates on non-inflation protected bonds over a 10 year period. In 1987 the US stockmarket crashed and gold rose to US$500 after teh crash. But it didn't matter. Gold shares were slaughtered in the crash and after because confidence was destroyed. Are you so sure that gold will continue rising? And if it does why should gold shares rise if confidence is destroyed? So think about this gold bulls. Even if you are correct and gold rises and that surely is a big if, if confidence is destroyed it doesn't mean your gold shares will rise. They can get belted like the rest of the market. The same with oil shares. Gold and pride and being sure and smug comes before a big fall and a big reality check. When the markets really lack confidence they don't take any prisoners; they leave a swathe of indescriminate destruction in their wake.