Gold Still Not Mainstream
The June 12th edition of the NY Times has an article about gold on its front page. Normally we would see this as a contrarian red flag. By the time an investment is touted by a national newspaper or magazine, the ride is usually near its end.

In the case of gold we look around see if the trade is crowded and we find it is not. The majority of main stream analysts are still not recommending it and your brother-in-law still has never bought a gold coin. Your next-door-neighbor thinks it is a risky investment.
Peter Degraff