From the S&A Digest:

"A clear sign to head for the exits [and sell gold] is when you see a golden bull tearing up the NYSE on the cover of Slime or Newspeak," our friend Doug Casey likes to say, referring to mainstream magazines Time and Newsweek.

Doug is talking about the "magazine cover indicator." That's when an idea has become so popular, it can be used to sell more magazines. When a mainstream publication trumpets an idea, the trend is likely to correct (despite underlying fundamentals).

We saw this happen on Tuesday, with USA Today's story about our nation's $62 trillion in debt. And today, Slime (aka Time) ran the cover, "What Recovery? The Five Myths About the Economy."



On cue, the S&P 500 reversed its seven-day slide. And the dollar gained against the euro and pound. We're still bearish on the dollar and U.S. economy. Our debt problem is insurmountable. But with Time and USA Today bearish, contrarians should be cautious in the near term.

Steve Sjuggerud called for a bull market in stocks before either publication dedicated their front page to the bear case. At his presentation [this week] at our Editors Conference in Nemacolin Woodlands Resort, he told the crowd, "We are about to enter the greatest bull market in history."

This latest bull market is courtesy of Ben Bernanke and the magic printing press. Steve argued stocks are the cheapest they've been in 20 years. And thanks to the huge amounts of money flooding the system, "assets could soar in price far higher than you can imagine, for longer than you can imagine."

Steve believes the end game is disaster. Again, the U.S. cannot simply continue adding to the massive debt load. However, in the meantime, he believes when U.S. interest rates rise, stocks will rise. He presented a 20-year chart showing the S&P 500 has historically risen in tandem with rising interest rates.

Crux Note: In this month's issue of his True Wealth newsletter, Steve reveals several of his favorite stocks to profit from the coming bull market. To learn more about True Wealth and get immediate access the latest issue, click here.

More on stocks:

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Porter Stansberry: The terrible reason stocks are soaring now