1. The document discusses the determination of forward and futures prices for different types of assets, including consumption assets like oil and investment assets like gold. It provides formulas for calculating forward and futures prices based on the spot price, interest rates, storage costs, income or yield from the underlying asset. 2. Short selling is discussed as selling securities you do not own by borrowing them from another client. Arbitrage opportunities between spot, forward and futures prices are explored for gold. 3. Formulas are provided for valuing forward contracts based on the forward and delivery prices, as well as the relationship between futures prices and expected future spot prices. The cost of carry concept is introduced.