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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 01, 2008
RAY LAVENDER Hits the Road With Lyfe Jennings for 19-City Tour
Comtex
SANTA MONICA, Calif., July 1, 2008 /PRNewswire via COMTEX/ ----In support of his upcoming, self-titled debut album, Akon protege and Geffen R&B rising star RAY LAVENDER, hits the road with Lyfe Jennings for the "Baby I'm A Star," 19-city tour beginning today, July 1st in Atlanta, GA (check the cities Ray will be performing in below).
After gaining recognition from the success of last summer's street single, "My Girl Gotta Girlfriend," which landed RAY LAVENDER a performance on Showtime at the Apollo, Ray's sexy performance of the single literally caused him to be pulled off the stage. Click on the link to see the performance for yourself:
http://geffen.edgeboss.net/qtime/geffen/ray_lavender/video/x-
rayted/showtimeatapollo-mygirlgottagirlfriend/600_hi.mov
"Stay," the lead single from RAY LAVENDER'S debut album, written by R&B star Tank, is an anthem of unconditional love. The ultimate ode to women where Ray stresses dedication in a relationship despite the tribulations. The video for "Stay," is directed by none other than video director Erik White and has recently been added to BETJ.
RAY LAVENDER'S model looks have recently landed him the role of Akon's Konvict clothing spokes model. Ads are currently featured in GQ, THE SOURCE, VIBE and XXL magazine.
July 1 Atlanta, GA Center Stage Atlanta July 3 Memphis, TN Cannon Ctr/ Performing Arts July 4 Dallas, TX House of Blues July 8 Denver, CO Ogden Theatre July 10 Anaheim, CA House of Blues July 11 San Diego, CA House of Blues July 12 Las Vegas, NV House of Blues July 13 West Hollywood, CA House of Blues-Sunset July 14 San Francisco, CA The Fillmore July 16 Seattle, WA Showbox at the Market July 19 St. Paul, MN MYTH July 20 Milwaukee, WI The Rave July 22 Chicago, IL House of Blues July 24 Philadelphia, PA The Fillmore at TLA July 25 New York, NY The Fillmore NY at Irving July 26 Washington, DC Constitution Hall July 27 Baltimore, MD Sonar July 29 Norfolk, VA The Norva July 30 Richmond, VA The National Catch RAY LAVENDER in a city near you.
SOURCE Interscope Records
Copyright (C) 2008 PR Newswire. All rights reserved
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