Only one week left ...

This is just a quick update on the "Guess the Mid-Year Price of Oil and Gold" contest that comes to what just might be a very unexciting conclusion next Friday.

[Someone please remind me to allow more than six or seven weeks for this to run when it is repeated at the end of the year - with prices for both oil and gold stuck in a fairly tight range, it might be more entertaining to watch paint dry.]


Interestingly, the movement of the last week has turned this into a bit of a horse race as MT is still in the lead, but is now followed closely by WT, MT, dtmwp, Chuck Ponzi, Blue Event Horizon, and RC.

The contest concludes one week from today with the winner receiving a free one-year subscription to Iacono Research where, this week, the model portfolio declined only modestly and remains up 9.1 percent for the year.

The model portfolio is now two or three percentage points clear of all major U.S. equity indexes with the Dow now up +7.2 percent, the S&P500 up 5.9 percent, and the Nasdaq having gained 7.2 percent.