Thursday, October 09, 2008
Welcome to the fifth semi-annual "Guess the price of oil and gold contest" where readers can enter a friendly competition to win a free one-year subscription to the companion investment website Iacono Research. Past contests have produced the following results:
That was quite a break in the trend since the end of the last contest in June - with almost three months left until this contest ends, who knows where prices will end up.
Last time around, it was TP who snagged the prize as shown below. Presumably, he is now enjoying the benefits of the subscription site.
The rules remain the same - only the dates have changed.
The contest is based on the combined percentage differences between the guessed values and the closing prices on December June 31st, 2008 using the near-month (February) Nymex futures contract for WTI crude oil and the COMEX closing price for gold bullion.
Entries may be made either by posting them in the comments section of this post or sending mail to either tim-at-iaconoresearch.com or tliacono-at-yahoo.com. All entries must be received no later than October 23rd, two weeks from today - there will be two more notices such as this one as reminders and current subscribers can win a free one-year extension to their existing subscription.
The winner will be announced on December 31st - good luck to all!