Wow...Gold and XTO looking good with gold holding the 1100 level today.Friday or Monday
well see what happens and which way the traders go.I agree with Nymph by opening lower
tomorrow,Even Cramer says take a little off the table.

Paper trading Goldman Sac options really far out like Oct 210 calls and made a cool 11% in
2 days.I had March 170 Calls and made that 8% and forgot it WAS March.Then switched to Oct
Calls.Took off 5/6 today and I'm in a wait and see mode.

I watched IHG(hotels) yesterday-today and it has some nice dividends couple of years
ago.Some cool $2.00 and $4.00 and some change.Probably a good time to buy when the dollar
gets weak.

It has more than 48 million members, IHG’s Priority Club Rewards is the first, largest
and fastest-growing guest loyalty program in the hotel industry.
IHG has more than 190 hotels in Mexico, Central and South America and the Caribbean,and
has been serving Latin America for more than 60 years.

Is XTO Energy Setting up for a Break Out?

XTO's stock price action indicates that both sellers and buyers are materializing very
close to each other, which is indicative to a momentum building area,as the stock can
resolve by breaking out of the tight range that developed.

Traders wanting to establish a position should place close attention to XTO's price
action, as any movement outside its predefined range of $44.0499 and $46.67 could grab the
attention of momentum buyers,looking for a big movement in the price of the stock. Traders
need to be aware that tight range resolution works both ways, hence, a move below support
at $44.0499 could spark above average selling.A tiered approach can be a good way to
approach starting a position in XTO's,by establishing a starter position while the stock
is in the tight range, and then adding to the position as it breaks and closes above
resistance.

Cramer has been talking about the Shale plays so this stock makes sense.XOM owns XTO I
think.

Spot of gold $1138 ..nice $18 jump today.

Drew- I agree..
When Gold had that big drop,I read just One guy saying that gold may go to $5,000 an
ounce.I had my skepticism about that.We were going down at that time.Now I can't find that
guy ! lol

Last year my Favorite shirt said "Don't write checks that your butt can't cash"

2008 Year it was just "DUH"
A very skinny guy like Gumby in the front.I'm a semi-weight lifter so it's a funny shirt
to scare the tiny man.

Back to the subject.Gold seems to be holding $1150-$1100.I agree even Warren Buffet says
the Economy is having a little growth or stable holdings.I feel pretty good since I told a
buddy to jump in BRK-B around $71-$74.

DoD, my favorite T shirt saying..."How can I think outside of the box if they won't let me
out of it?"

$5,000 an ounce, not likely in my opinion. When GDP and business growth become
sustainable(consistently), gold will take the elevator down. Like the cable broke on the
tenth floor down...

Last edited on: 03-01-2010 04:33 pm

Drew-I used to read this on someone's T-Shirt, "When you're top dog..the view never
changes." lol

But really,I've heard gold may hit $5,000 an ounce,So this is an very interesting Market
and probably first for anyone.

DOD, do you ever feel like you are talking to yourself? lol

Spot of gold is hitting triple top at $1120 Spot.It may breech that barrier since I'm
seeing cash is not going to be king if Cash is Not there.JPMorgan says 200 banks may-going
to fail in 2010-2011 and Fannie asking for 15.3 billion more.

Billions? Woooo,thats alot 'ole cash!

Poor Toyota...One of the things that piqued me about the mechanicals of one of the cars
was that the brake and GAS pedal are hydraulics-assisted.

I think thats really nasty and REALLY bad.

Power goes out in the cars and the gas is stuck? HOLY CRAP!!..Better hang on or slip that
thing in neutral or use the emergency brake.

Unless the damn emergency brake is hydraulic too,then one is screwed 7 ways to Sunday and
its raining and peeing on your leg.

Spring loaded gas pedals Are the way to go..ALWAYS.

Netflix got some legs on it,but NFLX CEO Reed Hastings sells 10,000 Shares Friday Showing
Bullish Technicals With Support At 62.88.