So it begins. After one of the tightest trading ranges in history, stocks are coming back to life after an eagerly anticipated speech by Federal Reserve Chairman Ben Bernanke at the Kansas City Fed's Jackson Hole symposium. There, Bernanke laid the groundwork for additional stimulus measures at the Fed's upcoming policy meeting on Sept. 13, noting that labor market weakness is a "grave concern" and that the central bank has the tools and capacity to do something about it.

But really, it's gold, silver and the related mining stocks that are perking up in a big way. Not only are traders reacting to the likelihood that the Fed will take action -- thereby pushing inflation higher and the dollar lower (both positives for gold) -- but the European Central Bank is also preparing to take action next Thursday.

Here's how investors should play it.

The simplest and plainest way to get exposure is via raw-metal ETFs like the Gold Trust (GLD) and the iShares Silver Trust (SLV), both of which I've been talking about in my columns and blog posts. While they are a little short-term extended, both are just emerging from long medium-term downtrends dating back to the beginning and middle of 2011. If inflation kicks higher, as I expect, both should have more upside progress yet to come.

At this point, I am recommending my readers and newsletter subscribers focus more on mining stocks, many of which are just now breaking out of consolidation patterns. The list of new ideas includes Newmont Mining (NEM), which is just starting to move. As a result, I'm adding NEM to my Edge Letter Sample Portfolio.

Existing holdings that look good for new money include Kinross Gold (KGC), Keegan Resources (KGN), and Endeavour Silver (EXK). Other highlights include the VelocityShares 3x Silver (USLV) a triple leveraged bet on silver that's up 51% since I added it on July 25.

Disclosure: Anthony has recommended EXK, KGN, USLV, and NEM to his newsletter subscribers.

I found NEM with the help of technical screens developed with Fidelity's Wealth Lab Pro back-testing tools, which you can find here. (Fidelity sponsors the Investor Pro section on MSN Money.)

Check out Anthony's investment advisory service The Edge. A two-week free trial has been extended to MSN Money readers. Click here to sign up. Contact Anthony at anthony@edgeletter.c​​​​om and follow him on Twitter at @EdgeLetter. You can view his current stock picks here. Feel free to comment below.