RE: managed Yup that's the way to play it. Buy on the dips.
Bernanke implied more QE today so up go the PMS and therefore up go PM miner/explorer prices too.
Definitely not rocket surgery.
Problem is the markets are totally manipulated now so seeing this run up in PM's may cause Bernanke to make a statement that he didn't mean QE for sure and down the prices will go.
But IMO if you continue to buy on those dips you can't go wrong. Longer term the price of PM's have no where to go but up.