Wikinvest Wire

Oil and gold contest update #7

Friday, December 28, 2007

Wow. What a difference a week makes. What appeared to be a battle between SC, IIO, bBdaBeerman, and lowercase cp in the "Guess the Year-End Price of Oil and Gold" contest has now turned into a three-way race between uppercase CP, VP, and Eric.
Markets are open a half-day on Monday and who knows how much the price of oil and gold might move during thin trading in the morning. Whatever happens, a winner will be announced sometime on New Year's Eve or New Year's Day.

Largely due to the continuing declines in crude oil stockpiles, a weaker dollar, and political events now unfolding in Pakistan, crude oil finished the week at just over $96 per barrel and gold ended at almost $839 per ounce.

Here are the top eleven guesses at this point (yes, it's eleven and not ten so that your humble scribe can get his name mentioned once again).
For a complete list of entries and other fascinating details about this contest, see this post from October and this one from September.

The winner will receive a free one year subscription to Iacono Research where the model portfolio rose 2.5 percent on the week and now sports a +23.5 percent gain for the year.

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To learn more about investing in natural resources using commonly traded ETFs, stocks, and mutual funds, see this description at Iacono Research. Or, sign up for a free trial.

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