TABLE OF CONTENTS -- DEDICATION -- FOREWORD-MORE PROFITS IN COMMODITIES THAN STOCKS -- HOW TO MAKE PROFITS IN COMMODITIES-CAN MONEY BE MADE IN COMMODITY FUTURES? -- CHAPTER I-CAN MONEY BE MADE IN COMMODITY FUTURES? -- CHAPTER II-FORM READING -- CHAPTER III-FORECASTING COMMODITY MOVES -- CHAPTER...

We study the impact of analyst forecasts on prices to determine whether investors learn about analyst accuracy. The straight-forward relationship between supply and price, the economic importance of the market, the predictable timing of forecast error realizations, and the high frequency of the...

We develop a model of illiquidity transmission from spot to futures markets that formalizes the derivative hedge theory of Cho and Engle (1999). The model shows that spot market illiquidity does not translate one to one to the futures market but, rather, interacts with price risk, liquidity...

We develop a model of the illiquidity transmission from spot to futures markets that formalizes the derivative hedge theory proposed by Cho and Engle (1999). The model shows that spot market illiquidity does not translate one-to-one to the futures market, but rather interacts with price risk,...