Oil and gold contest update #3

The odds of a change in scale for the chart below between now and the end of the year dropped precipitously over the last ten days as the price of gold tumbled from almost $845 per ounce to just $785 and crude oil fell from almost $98 per barrel to just $95.
One look at the chart makes clear that even the generally bullish readership of this blog has underestimated the surge in prices for these two important commodities - the average guesses were $83 for crude oil and $773 for gold.

There are about six weeks left to go in this contest and the winner will receive a free one year subscription to Iacono Research, valued at $129, where the model portfolio gave back some of its year-to-date gains this week but still sports more than a 22 percent increase on the year.

For those of you who haven't heard, the current promotion for a $99 annual subscription rate (based on a two-year subscription) expires next Wednesday:

Two Year Subscription - Only $99 per Year

If you begin a 30-day free trial between now and then, you will still be eligible for this special rate for the duration of your 30-day free trial.

As for the contest, leading the pack at this point are bBdaBeerman with guesses of $92 and $792 followed by SC at $94 and $810. In positions three through six are IIO, VP, cp and CP (yes, there's a lower case cp and an upper case CP).

The next two updates will occur in two week intervals and then the contest will build to a nerve-wracking conclusion with weekly updates beginning in mid-December.

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.