Gentle Ben Bernanke may not be the most exciting guy on TV, but he sure got the market revved up today—the old portfolio made a good showing after he made an early speech.
At noon, the Fast Money guys (including ex-officio member, Dennis Gartman) all agreed that stocks are heading higher and they were unanimous in their praise for gold, as represented in the GLD ETF, which is significantly off its highs of last year. So I took half my cash hoard and bought some, giving it an allocation of 2.3% among its peers. I missed most of the move for the day, but closed up from my purchase price.
The numbers for the month and the year are looking good.