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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Tuesday, July 22, 2008
Cage Fighting Returns to Spotlight 29 Casino With 'Apocalypse'
Comtex
COACHELLA, Calif., July 22, 2008 /PRNewswire via COMTEX/ ----There is nothing like the intense live action of cage fighting, and now Spotlight 29 Casino is proud to welcome cage fighting back to the Coachella Valley.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050203/LATH047LOGO)
Alliance Fight Club presents "APOCALYPSE" on August 7 in the casino's Spotlight Showroom. The bouts feature a lineup of tough fighters from the Coachella Valley and surrounding areas and across the country. The night is complete with a special appearance by WEC Fighter Cub Swanson.
The card currently stands as follows: -- Rico Gallardo (1-0) vs. John Morgan (0-0). Gallardo, from Cathedral City, had a performance that made front page news after his appearance in the last cage fight event at Spotlight 29 Casino -- Steve Hargett (2-0) of Indio vs. Joe Nicholas (3-3) of Palm Desert -- Gorge Valdez (1-0) of Coachella vs. Art Ramirez (1-0) of Riverside -- Rigo Oropeza (1-0) of Indio vs. Chris Gruetsmacher (0-0) -- Ed West (10-4) vs. Del Hawkins
The Alliance matchmaker is putting the finishing touches on bouts between Reggie Orr (5-4) vs. Jon George (4-6), Virgil Zwicker (2-1) vs. Abraham Espinoza (0-1) and will soon have fights for Mike Mirelez (3-1) of Palm Desert, Ben Ryan (1-0) of Palm Springs and Steve Swanson (0-0) Desert Hot Springs as well as James Wilks (3-2).
Tickets for APOCALYPSE are $65, $50, $40 and $30 and are available now at Spotlight29.com and at the Spotlight 29 Casino Gift Shop or by calling (800) 585-3737. Show time is 6:30 p.m. Under 21 must be accompanied by adult 21+.
Put the spotlight on fun at Spotlight 29 Casino, the Coachella Valley's most exciting place to play. Spotlight 29 Casino is a business venture of the Twenty-Nine Palms Band of Mission Indians. Turn it on at http://www.Spotlight29.com.
Contact:
Paul Speirs, Steinbeck Communications
(702) 413-4278, paulspeirs@cox.net
SOURCE Spotlight 29 Casino
http://www.Spotlight29.com
Copyright (C) 2008 PR Newswire. All rights reserved
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