Been a while, eh?
Yeah, I've been busy these last 6 months trying to get my country back from grubby socialists.
Which is why I built up my gold positions last year. Bottom line......money printing equals inflation. Period.
Going with my last entry, I've held on to my BEXP and have enjoyed seeing it go from 1.20/share to over 15.00 in about 9 months.
XTO Energy got a nice 20% bump in mid December after announcing that XOM was buying them out. Exxon is trying to get in to the natural gas market. XTO is the company that purchased Headington Oil who has wells in the Bakkens. My parents received mineral rights checks every month from Headington but are now getting them from XTO. I guess they will now be sent by Exxon.
I'm not sure how 2010 will play out yet with so many unknowns about what the government is going to do as far as legislation and regulations. I'm cautiously a buyer of a few stocks but mostly building up cash in anticipation of a big pull back and a lower entry point.
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