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Gold Futures’ Dirty Secret (Part 1)
Cash markets and futures markets carry both similarities and differences. For example, both markets are a form of price discovery. Also, both markets are used by commercials and speculators alike. Given that, their differences are much more pronounced.
In a cash market, the physical product changes hands immediately. Both buyer and seller are looking for delivery of the commodity. This only happens in futures markets if you are left with an open position when the futures contract expires. In most cases, futures deliveries are intentional. If a market is more illiquid, unintentional deliveries are more common.
What I’m essentially getting at is…
2Sep2008 | Oxbury Research | Comments Off | Continued“Big Four” Struggle to Survive Media Wars
It’s been a bad time for the music industry. The “Big Four” corporations that make up the RIAA have all posted losses or seen their shares plummet. Warner Music saw their shares drop by 74 percent in the fourth quarter of 2007, while EMI lost 260 million pounds in the 2006/2007 fiscal year.
How did they get to this point? If you ask the RIAA, they’ll point to rampant piracy online, cutting into their shares and stealing money from the artists’ pocket. There’s another cause, though, and it’s one the RIAA might be less willing to admit—they have simply failed…
20Aug2008 | Oxbury Research | Comments Off | Continued
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