Wikinvest Wire

Oil and gold contest update #6

Friday, December 21, 2007

There are four entries in the "Guess the Year-End Price of Oil and Gold" contest around which the combined oil and gold price has moved in the seven weeks since early last month - SC (partially obscured below), IIO, bBdaBeerman, and lowercase cp.
For everyone else, this may have been quite a dull affair, but for these four individuals, this must have provided at least a little excitement - especially for SC who is once again in the lead with about ten days to go.

Lowercase cp has been pushed out of the top five with VP ($95/$825) now in third place and Vespucian ($90/$825) in fifth - if crude oil holds steady and the yellow metal pushes upward just a bit in the week ahead, one of these two will likely win.

For a complete list of entries and other fascinating details about this contest, see this post from October and this one from September.

Crude oil finished the week at just over $93 per barrel and gold ended at almost $812 per ounce, far above the average guesses of $83 and $772, respectively, from three months ago, but with only about four more days of relatively thin trading to go, anything could happen.

There will be one more update next Friday afternoon and then a winner will be announced on New Years Eve.

The winner will receive a free one year subscription to Iacono Research where things have turned around rather dramatically in just the last day or two and another year of 20+ percent gains now seems within reach.

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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.

1 comments:

EconomicDisconnect said...

After golds drop a little while back, I would not have bet it will close over $800 at years end. Still some time left. I cannot figure out how with all the cash infusions from the central banks all over that gold is not climbing higher? The dollar is also strong recently. Who knows? next year should be wild. Thanks for the content Tim.

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