Uh-Oh: Gold on the Cover of NYT Magazine ?

http://www.ritholtz.com/blog/2011/05/uh-oh-gold-on-the-cover-of-nyt-magazine/

I am not quite sure what to make of this NYT magazine cover. On the one hand, it is gold on the cover of a mainstream magazine.

But its less convincing as a magazine cover contrary indicator. Compare it to the Housing peak covers inFortune (May 2005) or Time (June 2005).

The focus here is not on the investment aspect, but rather is a profile on a gold surveyor, and on Gold “as the world’s most primitive form of wealth.” Hardly the gushing endorsements we typically like to see as contrary indicators.

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