Friday, December 18, 2009
With just eight full trading days left to go, there were more big moves last week in the top ten standings for the "Guess the year-end price of oil and gold" contest. Here's the latest data:
The price of crude oil surged from just under $70 a barrel to over $73 while gold declined modestly to $1,112.40 an ounce, though you wouldn't know that by looking at Wednesday and Thursday's price action where the metal plunged almost $50 in less than 24 hours.
The top ten spots are shown below - APB (All Points Bulletin? - you probably get that all the time) moved up from second place to first and GW rose from fourth the second while DEL fell from first to fifth place. New to the top ten this week are Ted S., RA, CG, and Tom C.
Yours truly apparently had his 15 minutes last week with an appearance in position 7 but tumbled about 10 places due to the rising oil price.
Recall that the winner will receive a free one-year subscription to the companion investment website Iacono Research , valued at $159, where the model portfolio saw a modest decline of 0.2 percent this week, still up almost 17 percent for the year.
There will be one more update next Friday and then a winner will be announced a week later, sometime around New Year's Eve or New Year's Day.
Good luck to all!
To learn more about investing in natural resources using commonly traded ETFs,
stocks, and mutual funds, see this description at Iacono Research.For subscription details, click here.