Uh-Oh: Gold on the Cover of NYT Magazine ?
Posted By Barry Ritholtz On May 15, 2011 @ 4:48 pm In Contrary Indicators,Gold & Precious Metals | Comments Disabled
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 in Fortune [1] (May 2005) or Time [2] (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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Full article here:
Gold Mania in the Yukon [4]
GARY WOLF
NYT, May 11, 2011
http://www.nytimes.com/2011/05/15/magazine/mag-15Gold-t.html
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2011/05/uh-oh-gold-on-the-cover-of-nyt-magazine/
URLs in this post:
[1] Fortune: http://www.ritholtz.com/blog/2005/05/uh-oh-fortunes-cover-real-estate-gold-rush/
[2] Time: http://www.ritholtz.com/blog/2005/06/uh-oh-time-magazine-on-housing/
[3] Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/05/15magcover-051511-sfSpan.jpg
[4] Gold Mania in the Yukon: http://www.nytimes.com/2011/05/15/magazine/mag-15Gold-t.html
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