Research Area
Commodities
Connect physical balances, spot prices, futures curves and the instrument actually held.
Commodities
Commodities
Commodities
Commodities
Commodity spot prices and futures are different research objects
Identify physical benchmarks, delivery terms, futures maturities, and cash-flow conventions before comparing commodity price series.
Reading oil supply and demand through a balanced ledger
Reconcile flows and inventories, distinguish product supplied from end-use consumption, and test alternative explanations for petroleum data.
Gold and real yields: test the relationship, not the slogan
Distinguish real-rate measures, choose compatible gold returns, and investigate why an opportunity-cost relationship varies across samples.
Commodity roll yield without the accounting shortcuts
Understand maturity replacement, curve convergence, collateral income, and the difference between a roll spread and realized strategy profit.