Inflation Contest: Crude 1 - Gold 0

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This year's average price for West Texas Intermediate spot is now $106 a barrel. That's a 47% hike from last year's average of $72. With a middling spot gold price of $917 an ounce, this year's crop of gold bugs could have raked in a 27% gain from last year's $722 average price.

Yesterday's musings on oil prices and inflation (see "Don't Think And Drive") got me thinking (I know ... a seemingly rare circumstance). We've now slogged through the first five months of the year, a year that seemed to hold the promise of riches galore for oil and gold bulls alike.

On average, those that sought their fortunes in black gold have fared better. Much better. That's obvious just from looking at a price chart. This year's average price for West Texas Intermediate spot is now $106 a barrel. That's a 47% hike from last year's average of $72.

With a middling spot gold price of $917 an ounce, this year's crop of gold bugs could have raked in a 27% gain from last year's $722 average price.

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