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Good afternoon, this is James Cordier of OptionSellers.com, with a market update for November 4th. Well, November 4th is certainly close to the election now and the next time we get to chat we will know who is governing our great country, and the world for that matter, next time we speak. What is so interesting right now is we have investor after investor contacting both us and certainly conversations that you hear when you’re out and about. I know I sound like I’m from Canada- I’m really not.

Talking about do you want a Clinton presidency or a Trump presidency to help the market… that part is certainly a difficult thing to understand. Quite often, the republican is considered bullish for the stock market and, lo and behold, the democrat wins and the stock market rallies, or sometimes vice versa. Once again, as Michael Gross and I continue to point out, that matters to us very little.

What a lot of people right now are trying to do is diversify their portfolio, not only because there’s an election coming but also because the stock market appears to be at somewhat lofty levels, considering the state of the U.S. economy and the levels that the stock markets reached over the last several years. What Apple does and what the price of cocoa trades to has very little to do with each other. Gold and what McDonald’s does has very little to do with each other. A lot of new investors are investing in diversification and that’s something that I think we provide quite well.

Whether we have a blue win or a red win here in the next few days, we think that commodities are going to continue trading on their own fundamentals; however, what we are very excited about, just like the BREXIT vote back in July, the U.S. vote for presidency coming up is dramatically increasing premiums in both puts and calls across the board in commodities.

As our clients, you know that we’ve been taking profits and letting commodity options fall off recently as we’ve gone to quite a great deal of cash going into the election. Not that the election is going to change fundamentals and commodities, but what it does do is it offers great opportunities as premiums on both puts and calls increase, just like it did early in July with the British vote.

What we’re looking at doing right now is positioning based on the fact that commodity fundamentals will not change but premiums continue to increase. The additional funds that we’ve captured recently, we are going to be putting to use just before and just after the election by selling what, we think, are extremely over-inflated premiums on the commodities that we follow.

A couple interesting things that we’re looking at right now is in 2016 OptionSellers.com has been neutral to negative on commodity prices based on overproduction and smaller demand than what we’ve seen over the last several years. Crude oil supplies continue to balloon here in the United States. Crude oil is pushing down towards the mid-40’s recently after currently trading in the 50’s. We still think crude oil has a little bit further to go down in the months of November and December, setting up what we think is going to be a great put selling opportunity as we approach the holidays. The June/July timeframe will be the puts that we’re selling for next year’s driving season. We love that trade and looking forward to doing so.

One of the other things that are setting up for the first time that we’ve been seeing in quite some time is the first dream shoots considering inflation. Inflation we see coming back slightly in 2017 and the magical part about it, central banks around the world, in our opinion, will be very slow to try and slow inflation, and thus we might get higher prices in many commodities starting in the 1st and 2nd quarter of next year.

Chances are, we’re going to see gold and silver prosper from the situation and we really like being long gold from 1,000, long silver from $12.50 an ounce. We probably see t(continued)

Michael: Hello, this is Michael Gross here with James Cordier of OptionSellers.com. We’re here with your October edition of the Option Seller Radio Show. This will probably be or will be the final Podcast you’ll here from us prior to the election. The next time we speak we will have a new President-elect. We have a lot of things going on this month. Some investors worried about the stock market looking like it might be getting a little bit toppy, a lot of interest in diversification and uncorrelated assets. Right now, we’d like to talk to James a little bit. James, maybe just give your overview on the state of the markets right now leading up to the election. What’s your feel on just the general vibe right now?

James: Well, Michael, quite often people try and front run the candidate who looks the best and some people actually, investors alike, want to try and take advantage of who they think is going to win the election. Quite often, what does best is when we have status quo. Quite often, everyone’s expecting “Well, if a democrat is elected President, then the market is going to do this. If it’s a republican, it’s going to do that.” Looking back on the history and looking at the 12 months post election, there really doesn’t seem to be a strong correlation. It appears to me that what the Federal Reserve is doing is more important. Chances are, going into 2017, I think that’s the same way it’s going to play out if we continue to have interest rates at a quarter and a half, if Janet Yellen and the Federal Reserve continues to keep hands-off of interest rates going higher more than a quarter percent. I think we’re going to have basically the same market that we have right now, probably for the next 12 months. I don’t see a big change no matter who gets elected; however, there will be some extreme movements in the market prior to the election and probably right after. I also then see the market just kind of steadying out and then going back to the fundamentals and they’ll quite possibly be the fundamentals that we have right now.

Michael: James, that’s a great point. A lot of investment shows right now and magazines are talking about which stock you want to buy if Hillary wins and which stock you want to buy if Trump wins. Do you go short the market or do you go long the market ahead of the election. Like you said, I’m guessing a lot of that’s going to be knee-jerk type reaction stuff and serious investors are looking 1-5 years down the road, they’re not looking 2 or 3 weeks into the future. On that note, we’re going to talk a little bit here about getting diversified and, of course, what we do is in the commodities markets. A very interesting sector we’re going to cover this month is the softs markets. We have some great fundamentals and seasonals but also some complete non-correlation of what’s going on there. I know you wanted to talk a little bit about that. Let’s talk about coffee and sugar, first. Some strong bull markets there. What’s going on in coffee? What’s your take right now?

James: The coffee market is almost similar to the oil market, where Brent crude oil and WTI crude oil, in some cases, have different fundamentals. Clearly, if Brent is rallying $5 a barrel then WTI’s going to rally 3 or 4… they usually go in the same direction. Robusta coffee is completely in the news right now in stealing the headlines as Robusta coffee, which is produced in several different countries, namely Brazil and Vietnam. We definitely have a shortfall in the more acidic coffee bean known as Robusta. It’s normally grown in lowlands, it’s not as sweet as Arabica coffee; however, it does make up a large portion of world supply and demand. Production in Brazil right now is going to be down about 10-15% because of dry conditions for the Robusta beans. At the exact same time, production in Vietnam because of weather problems and concerns is down some 20-25%. Robusta coffee beans are absolutely on fire right now. They conti(continued)

Welcome to Option Seller Radio, the podcast for high net-worth option writers. Here, you’ll learn option selling strategies you can use right now in diversified commodities markets, such as crude oil, gold, coffee, and soybeans. So, listen in and start putting decades of knowledge from the OptionSellers.com team to work for you. To learn more about OptionSellers.com, and their managed portfolios for high net-worth investors, visit www.optionsellers.com.

Michael: Hello everyone, this is Michael Gross at OptionSellers.com here with your November issue of OptionSellers.com podcast. This is a special Thanksgiving edition and, boy, the world has turned upside down since our last radio show. The title of this month’s show is Trump, the Fed, and 2 BIG Markets for Taking Premium Now. I’m here with James Cordier, head trader here at OptionSellers.com. James, welcome to this month’s radio show.

James: Thank you, Michael. It’s always a pleasure and, boy, have things changed since we met last.

Michael: Well, if you’re listening to this before or after you’ve had your turkey-day, we hope to bring you some good insights here for selling options and understanding the commodities markets over the next 30 days. As we all know, on November 8th Donald Trump won the presidency and that has certainly presented a list of pitfalls and opportunities for the markets. We’re going to touch on some of those today. Also, have big Fed announcement coming up in December that will have a big impact on the markets, and we are going to discuss those today. James, why don’t we start out by just you giving your general comments on the election, what you think this means for commodities markets.

James: What’s interesting, Michael, the pollsters both in England for the Brexit and here in the United States for the presidential election really did not get it. They weren’t even close. Hillary Clinton had a 5% lead going into election night and we all know what happened there. So interesting was the initial response to Donald Trump apparently winning the election. First thing was to sell stocks with both hands and buy gold, with the idea that is just so much uncertainty and how can this gentleman out of nowhere come in and run the greatest and largest economy in the world and, lo and behold, everyone said, “You know, maybe he can. He’s a great businessman, he has been very successful, and he doesn’t mind borrowing money and building things.” Certainly, that’s something that could definitely propel the U.S. economy to levels that it hasn’t seen in quite some time. I think, personally, that both the economy and inflation, something we haven’t had grow at any marketable levels in a long time, is going to really open some eyeballs here the next 12-24 months.

Michael: We also have the other big news on the horizon here is the Fed is expected to raise interest rates in December. That could also bring some changes to the market, potential opportunities. Do you have any thoughts on that at this point?

James: Michael, the topic of discussion, I think, going forward will be U.S. growth no longer at 1%, no longer at 1.5%. We think it’s going to have a crooked number for years to come, in other words, 2%, 3%, and 4% growth. What the Federal Reserve does in order to rein in potential inflation, I think, is going to be headlines constantly with the Federal Reserve talking about raising interest rates to fight inflation, but, lo and behold, I think that’s something that the Federal Reserve has just been waiting so long for and I think we’ll, behind closed doors, do everything they can just to stoke it a little bit and let it run hot.

Michael: James, that’s a point you’ve been making in a lot of our articles recently, and recently, also on CNBC here this past Friday, you had a pretty informative interview on the gold market. Your big theme and our big theme here at OptionSellers.com is that we see inflation picking up in 2017 for a variety of reason(continued)

Good afternoon, this is James Cordier of OptionSellers.com with a market update for August 29th. Well, in the last couple weeks we saw gold and silver finally knocked off its perch as the idea of no inflation, low commodity prices everywhere, and a very stable stock market have caused some people to cash in their chips on the two precious metals. The gold market was pushing up towards $1,400 and everyone was bullish. The silver market rallied up to $21 an ounce, and it appeared that both markets were going to continue rallying the rest of the year.

We started to argue the fact that we expect energy prices at the end of the year to be low. Food prices are extremely low. One needs to simply look at the price of corn or protein markets, such as hogs or cattle, something we don’t trade but something we do follow. Also, the copper market is now pushing towards $2 a pound. That would be industrial inflation, or lack thereof.

With prices of practically every commodity heading lower as we go into the 3rd and 4th quarter this year, it’s hard to anticipate the gold market, which often is a measure inflation doing much to the upside. We think that this recent pullback in the precious metals are probably now a fair value. We don’t see commodity prices falling too much further from the level that they’re at, and, as far as gold and silver, likely will be supported by the idea that we have negative interest rates around the world. Many people are weary of the stock market. That will bring a certain amount of investors going into both gold and silver on dips.

Something that we’ve seen recently happen, silver has fallen $2.50 dollars an ounce recently and gold has fallen approximately $30-40 from its recent high. Later in September, of course, we’re going to be all waiting for the Federal Reserve to explain why they are raising interest rates or probably not. When they don’t raise interest rates, and that would be my guess, we’re going to probably see a possibly weaker U.S. Dollar and possible more buying into precious metals. That announcement from the Federal Reserve will determine whether gold is $50 under priced or $50 over priced. We don’t see the gold market busting out of this channel that we’re in right now.

We think gold and silver are fairly priced. We love the idea of being long gold at $1,000 an ounce and also being short gold at $2,000 an ounce. That is basically the strangle in the position we have as one of our core positions in our accounts. We like strangling in silver, as well. Of course, going into September, that is the end of harvest for coffee season in Brazil, the largest coffee producer in the world. Coffee bags will be produced by approximately 56-57 million bags in Brazil this year, the largest crop ever.

At the same time, in New York, warehouse stocks are at 13-year highs, so we don’t see coffee going much higher than where it is right now. It’s trading in the middle 140’s per pound. Can it get into the 150’s? Possibly, it can. We are looking at selling coffee calls double the price going into September and October. We think that is definitely low-hanging fruit and we think that is going to serve our clients quite well.

Anyone wanting more information from OptionSellers.com can visit our website. If you’re not already a client, feel free to contact our office and speak to Rosemary about becoming one, if you wish. As always, it’s great chatting with you, and looking forward to doing so again in 2 weeks. Thank you.

Michael: Hello, everybody. This is Michael Gross from OptionSellers.com, here with your August Option Seller Radio Show. I’m here with founder and head trader James Cordier and we’re going to talk a little bit about the markets here and things going on as we start September, back to school month, or, for a lot of investors and financial professionals, it’s back to work month. A lot of people go on vacation in August and when we get back in September it’s back to business. A lot of people start focusing on some of the stories they may have overlooked over the last month or two. James, welcome to the show – a lot to talk about this month.

James: Thank you, Michael, there certainly is. Both markets moving, instruments happening, as well as the stock market, of course, the Federal Reserve is always interesting, and new highs in the stock market. We were talking recently about a couple articles that have some of the largest, most well known investors in the world saying that not only is the stock market going to pause but go into a bear market, then it continues to rally. Its just really interesting times right now with both the Federal Reserve and what a lot of people are considering with the stock market what it might do over the next year or so.

Michael: You know, we’re going to talk about oil here in a little bit, but some of the stories coming out of OPEC talking maybe about a production freeze, and some people think maybe that’s helping the stock market, too, a little bump in oil here.

James: It really is. This is so interesting how the oil market, especially, is a great example of a market that has extremely soft fundamentals. In the United States, we have all-time record supplies. We have Iran and Iraq and Saudi Arabia who are going to just duke it out for market share starting in October and November. What is OPEC come up with going into the soft demand season? Well, we are going to talk. We’re going to come up with some ideas and we’re going to try and freeze production. The part that is so interesting about freezing production, as we all know, is that productions are at record highs right now, so the market really is trying to grasp onto anything it can to try and get insight on what the market might make the next move. What’s so interesting is, as all OPEC discussions over the last few years, each country needs a specific amount of money to run their economy and if oil goes down to 40 or 38, they’re going to need to pump that much oil and everyone really knows it. This buying the market because of OPEC discussions coming up, that’s going to be a feudal end. I’ve seen it before the last several years and when the market rallies up because Iran is now going to join into the talks, they know that all they’re doing is jawboning. When push comes to shove and demand is low in winter, they’re going to be pumping oil like never before.

Michael: Yeah, that’s a great point and we are going to talk about that in a second, too, because we have a big seasonal coming up in crude. I know you’re eager to point it out as well. September, as we discussed earlier, is a big month for seasonal tendencies. If you’re listening and you’re unfamiliar with seasonal tendencies, these are the type of things that happen at different times of the year - fundamentals in these underlying markets that can have an outside impact on price. So, being aware of what the seasonals are can really have an impact on your trading, really give you some direction when you’re starting to identify trading opportunities. It’s certainly where James and I start when we’re looking at markets and being aware of that underlying seasonal. September is a huge month for seasonals and one of those markets, in particular, is one of your specialties, James. That is the coffee market. As we end the Brazilian growing season here, we are at the end of harvest, some certain things happen when that harvest is done. Do you want to talk about that a little bit(continued)

Good afternoon, this is James Cordier of OptionSellers.com, with a market update for August 11th. This past weekend, I was reading the Barron’s newspaper and came across a really interesting article. The article was named Billionaire Bears Club, and, as the name suggests, just that. It was talking to several of the very well known traders over the years that have amassed great fortunes by calling the market correctly. As the name suggests, you know what they were thinking. They were thinking to sell stocks and that we were about to go into a bear market. But what gives?

Over the last few weeks the stock market, both S&P and Dow Jones, continues to make new all-time highs, yet all this bearishness from some people that should actually know which direction the stock market will be traveling. What’s so interesting right now is something called helicopter money is probably being the rationale for the market going up. Of course, all throughout the world, we have negative interest rates. Here in the United States we have practically flat interest rates.

Certainly, what that does is it pushes investors into buying stocks, something that they probably wouldn’t be normally doing. They would love to have some of their money and interest bearing fixed income, and, of course, that’s not available. Of course in Europe, putting your money in the bank you lose money. That will cause a certain percentage of investors to buy something. Having the idea of getting no return for your hard earned dollars just doesn’t sit well with many investors, and why should it? Thus, the exact same rationale for why we have negative interest rates around the world is the same reasoning why billionaires around the world also think that the stock market’s a sell.

So, which one’s going to win out? It’s really interesting. Looking at stocks right now, we just concluded the 4th quarter of negative earnings in a row, something we haven’t seen in a very long time, yet stocks are making new highs. We have a GDP here in the United States of .08 for the first quarter and 1.2 for the first quarter. Supposedly, and well documented, the worst economic rebound in the United States since 1949, and yet stocks continue to rally.

I am quite sure and quite glad that I don’t have to figure out what the stock market’s going to do. Having billionaires, the most famous people, the most well-known guru’s in the world saying to sell and then having the market rally because of negative interest rates. All of this uncertainty provides a great deal of interest in buying and selling, whether it’s stocks, commodities, or something else, it creates volatility, it creates the markets to exceed, in some cases their fair value on the upside as well as the downside. Look what happened to crude oil these past 2 or 3 weeks. It went from 51 down to 39, simply on speculative selling.

This past week, we noted that fund speculators here in the United States amass the largest bear position ever in history. It’s just fantastic how traders around the world are forced to try and find return. Basically, we are helping them do that. If they sell a market too low, we’re going to sell puts. If they buy a market too high, we’re going to sell calls. In my opinion, they’re playing right into our hands. This is truly low-hanging fruit when the markets are pushed too high or pushed too low based on speculation.

Fundamentals is the name of the game. Waiting is what we get paid to do and we are going to continue to do this over the next several months. We will let stock pickers try and decide whether it’s a great sell or still a great buy. We will continue counting barrels of crude oil and bags of coffee in Brazil.

Anyone wanting more information from OptionSellers.com can visit our website. If you’re not already a client of ours, you can call Rosemary at our home office and talk about becoming one. As always, it’s great chatting with you and looking forward to doing so again (continued)

Michael: Hello, everyone. This is Michael Gross of OptionSellers.com, here with head trader of OptionSellers.com, James Cordier. We’re bringing you your monthly Option Sellers Radio Show. This is for the month of July. Today, we’re going to talk about quite a few things. I want to start off with the gold market, because, James, you were featured on CNBC this month talking about gold, taking a little bit less than bullish view on that. Is that still your view on the gold market right now?

James: Well, Michael, as you know, everyone’s bullish gold simply because of 0% interest rates and negative interest rates around the world. The last time that quantitative easing was introduced in the United States, that’s what raised gold from $1,100 up to $1,900. Now, a lot of investors are thinking basically along the same lines. Quantitative easing was supposed to create inflation. Several years ago in the United States, when we went to QE, it didn’t happen. Now, I believe investors are falling maybe into the same trap, thinking inflation’s on the way. Because of negative interest rates, it may not play out that way. As a matter of fact, lower prices for commodities because of a weak global economy, we think, is more likely.

Michael: That’s counter to what a lot of people feel right now because of times of anxiety, we have terrorist attacks again in Paris this month, seems to be a lot of turmoil in the world right now that’s bringing a lot of investor interest into gold. You seem to feel that the inflation argument probably will be what dictates the direction here over the longer term. Is that correct?

James: Michael, eventually it always does. Quite honestly, inflation is the catalyst for gold and silver to go higher. If we have deflation, we just don’t see how it can produce gold prices of $1,600, $1,700, $1,800 an ounce, which a lot of investors are looking forward to. But the fact of the matter is, gold did rally to $1,800 and $1,900 an ounce several years ago. Commodity prices were raging, soybeans were at multi-decade highs, so was copper, so was crude oil, so were many of the foods. We are going into a very weak economic/global state as far as demand for commodities. We have overproduction of everything from steel, to zinc, to iron ore, to copper, and silver. We just don’t see the inflation scenario taking place. Is gold good for hiding out when there are situations going on around the world? I guess it is; however, inflation eventually dictates the price, and we’re seeing probably deflation at the end of this year.

Michael: Well James, you make some good points, and maybe they’re listening to you because since your appearance on CNBC at the beginning of July, gold has had a pretty good retracement down. I also noticed, and this is something that we mentioned in the article that you did last week, that we have a very big speculative long position in gold futures. It’s on the record that with 50,000 contracts it’s pretty heavy, so oftentimes when you have that heavy speculative yet small speculators pouring into the market, they’re heavy along the market and you have commercials getting short. Sometimes that can be an indication of a trend change.

James: Michael, we think this is one of the most crowded trades ever. Just about practically everyone who’s a gold bug is double down on getting long gold. We have had a decent rally. It rallied nearly $100 an ounce. We’ve come back about $50 real rapidly over the last 2 weeks or so. Basically, the U.S. economy is doing okay. We’re not looking at negative interest rates anytime soon here. We think that the smart money, who probably was buying gold around $1,100 and $1,200, probably feels that they just have too much company right now. We see gold probably retracing into the $1,200’s over the next quarter or so. We think gold is a great market to trade. We would not be stuffing it under our mattresses… not at this price, certainly with commodities headed lower, (continued)

Good afternoon. This is James Cordier with OptionSellers.com with a market update for July 7th. During our last update, I ventured a guess that when we look back on the months of June and July that we’re going to see that commodities and commodity volatility likely hit a crescendo. With the Brexit now behind us and the dust starting to clear, at my desk it’s starting to look more and more likely that that’s going to be the case.

Coming November and December, we’re going to look back on June and July and that was quite an event. The volatility that spiked during this event was likely the high of the year. 2 things that we know now about the Brexit now that it has come and gone is: 1) Owning commercial real estate that houses banking in London is probably not feeling very good right now. 2) The other thing that we’ve learned from it is an already sluggish global economy is going to likely slow even more because of the deals that Great Britain had with the rest of the world, and they’re apt to be re-written. In some cases, they won’t be rewritten at all.

3 or 4 things that are going to come out of this that we see going forward for the rest of the year is this: Copper prices. 3 or 4 years ago when gold and silver prices were spiking to levels not seen in a long time, they were nearly $5 a pound. Currently, they’re sitting around $2. When gold and silver prices spiked to very high prices several years ago, crude oil was at $110 a barrel. With a slow global economy, we see that getting down to around $35 later this year. This environment is very deflationary.

Quite often, a lot of investors look at gold and silver as being currencies, and maybe during some cases they are, but eventually gold and silver are hedges against inflation, they’re barometers of higher prices or lower prices, and it looks like in the end of 2016 we’re going to have lower prices for a lot of commodities. Can gold rally during a situation like this? I suppose it can. If it does, it will be the first time its ever done since I’ve been watching it for over 25 years. We don’t think that’s going to be the case.

Volatility in gold and silver spiked dramatically over the 3-day weekend, as Chinese were buying silver hand over fist, pushing the market up, limit-up 3 days in a row. We think that simply silver, which started out 3 weeks ago at $17 and $18 an ounce, maybe was slightly underpriced. There were some ration traders that were thinking that silver was underpriced vs. gold, and maybe it was. Fair value of silver, we think, is around $19-$20 with a very easy FED. We have jobs numbers coming out today at a lot of movement will be significant in the market, no matter how that plays out. We see the gold and silver market probably hitting a crescendo at this level.

Later this year, we see commodities and inflation very, very low. We think that gold and silver will track them quite closely. When volatility hits the market, it’s very interesting and sometimes scary for a lot of players in the market. It is truly low-hanging fruit and you have to look at it that way. We’re long-term traders and long-term investors, and at the end of the year, we think that is going to play out quite well.

Anyone wanting more information from OptionSellers.com can visit our website. If you’re not already a client, you can contact Rosemary at our home office and see about becoming one. As always, it’s a pleasure speaking with you and looking forward to doing so again in 2 weeks. Thank you.

If you are a high net worth investor, preserving and growing your wealth is likely a high priority for you. You worked hard for your money. Now you feel it should be working hard for you. But chasing maximum return and yield is hard, isn’t it? Stocks are great, until they aren’t. Getting responsibly diversified is more difficult than ever. Hedge funds can work, but you’re never really sure what they’re doing with your money. Options can be a great alternative, but most make the mistake of buying them. Stock option sellers may think they’ve found an answer, but premiums can be small, and margin requirements huge. Most will simply give up and settle for what they get. The market will decide their fate – it goes up, they will feel good. If it goes down, they will feel bad. However, if you always felt there was a better way to invest and all you had to do was find it, you may finally be home. It’s called selling options. Not in stocks, but in a completely separate asset class – commodities. This investment strategy can provide you with some flat out advantages as an investor. You won’t hear about it from your broker or financial advisor. But it exists and it’s real. There is only a small segment of the investment community that knows how to deploy it in a portfolio. The tough part is finding somebody that knows how to do it – right. Having found this website, you’ve already done that. Whether you are seeking diversification from equities, an attractive rate of return or are simply tired of trying to pick market direction, here you will discover an approach that can potentially deliver all three. Option selling, of course, does involve its own set of risks as well. Here you can not only gain a wealth of option selling insights from real portfolio managers, you have the ability to work directly with two of the country’s top option selling experts – the authors of McGraw-Hills classic book on selling options – in managing your portfolio. Your first step Request our Complimentary e-Report for high net worth investors – The 5 Crucial Keys to building a high yielding, low stress, option Selling Portfolio. Serious investors make serious investments. Smart investors don’t only want the highest odds of success when putting money to work, they seek out the best expertise they can find to help them manage it. OptionSellers.com is recognized as the global authority on selling commodity options. Our flagship book, The Complete Guide to Option Selling, now in its third (McGraw Hill 2015) edition, was authored by OptionSellers.com’s James Cordier and Michael Gross. You may know them from regular media appearances on CNBC, Bloomberg Television, Fox Business, or their regularly published articles or market comments in The Wall Street Journal, Barrons, Forbes, and MarketWatch. Founder James Cordier has been interviewed on his strategy and the markets by the likes of Larry Kudlow, Neil Cavuto, Robert Lenzner of Forbes and Dr. Donald Moine of Morningstar Advisors.. As a client of OptionSellers.com, you have the ability to work directly with the authors in the managing of your option selling portfolio. Since 1999 OptionSellers.com has helped investors across the globe employ funds in an option selling approach. If you are a high net worth investor who qualifies for our program, perhaps we can help you too. To learn more, first get your complimentary e-report at the top of this page.

Michael: Hello everyone, this is Michael Gross at OptionSellers.com. We’re here with your monthly Option Seller Radio Show for June. We have a lot of stuff to talk about here this month, simply because of the news going on this month. Probably first and foremost, James, what we want to talk about here is the FED decision or inaction, as we say. Obviously, that was a big topic on Investor Mines here in June. The FED did not act – the reasons why were kind of obvious to everyone so we don’t need to talk about it here. I think probably one of the first things we should talk about for out listeners is what the means for commodities right now. What’s the macro picture in commodities? James: Michael, the macro picture right now is perfectly mixed. We have 0% and negative interest rates all around the world, which is extremely the main reason why the Federal Reserve here won’t be raising interest rates at all this year, possibly once maybe after the election, something along those lines. U.S. companies certainly can’t afford to have a strong dollar. With everyone else racing to zero and now below zero for interest rates, clearly the Federal Reserve is going to hold off on raising interest rates here. The strong dollar would be a catalyst for other strong economies to do well, and for the U.S. economy to suffer, and certainly we don’t see that happening. So, we’re looking at the newly 0% interest rates here in the United States, negative interest rates everywhere. Generally speaking, historically, that is going to be bullish for commodities; however, the fact that we have such low interest rates because economic growth around the world is so weak right now. So, on the flip side of 0% interest rates is that economic growth right now is small. Copper demand, steel demand, zinc demand, and soybean demand is way down. For that reason, we see a very mixed picture for commodities for the last half of 2016. We see a lot of up and down because of that, and we think a lot of commodities are fairly priced, and what the Federal Reserve is doing right now is simply jawboning to get the market to do what they want it to do. At the end of the day, we’re looking at very few interest rate hikes this year. That is, I think, what Janet Yellen spelled out in June. Michael: Yeah, it has been all the talk on the financial channels and the paper and what the effect is going to be on equities now, and you have Jim Cramer talking about buying defensive stocks because he’s more concerned about the global financial picture. Do you have any thoughts on that? Stock traders have two choices: they can be long or short. The typical investor gets advice like “Well, you buy defensive stocks and hope to try and ‘ride it out’.” So, they’re playing defense if they’re expecting lower prices. A lot of times, shows like Cramer’s don’t cover “Well, why not go on the offense with strategies like options?” You certainly brought that to my attention, because now’s the time you can go on the offense with different commodities markets, even the stock market if you want, but commodities in particular. James: Michael, I think that’s why we have so many investors knocking on our door right now, simply because they do want to diversify away from the stock market. Buying defensive stocks, if the stock market falls, isn’t going to help your portfolio all that much. Basically, as Mr. Cramer’s referring to, getting involved with defensive stocks is simply going to make your portfolio fall less. As we know here at OptionSellers.com, if we see something developing, whether it’s a bull market, bear market, or something in-between, take advantage of that, and that’s what we’re able to do selling options on commodities. We can actually bet on lower values. As a matter of fact, that’s what we like doing best, as you know. Of course, call options on commodities, sometimes 50% and 100% out-of-the-money, certainly a great way to participate in what might be a bear market 2016 and 2017(continued)