Given the increased attention of precious metals by investors and the finance literature as well as the growth of high frequency trading, the behaviour of intraday precious metal markets is of great interest and importance. Therefore, this paper examines the stylized facts, correlation and...

This paper explores whether price relevant information contained in managerial commentary released concurrently with the earnings announcements are fully reflected in stock prices. Efficient Markets theory predicts that such information should be instantly and fully reflected in the price. We...