Gold is Golden?
It was an interesting day for commodities. FCX was up sharply (over 4%) and is now up a snappy 28% since I bought them in December. Then I bought AUY last week as Jim Jubak added it to his fifty stocks for a decade portfolio. It went up almost 10% today. Finally, I added NSU today (an MFI stock that is a gold miner) to my dividend portfolio (they pay 1.8%) and they were up 4%.
Clearly something is afoot as markets are losing confidence in the value of money. I do wonder if QE3 (The Fed Just Telegraphed: Buy Silver And Gold Now) is on its way, which tends to inflate all assets.