Optionsellers.com

Good afternoon. This is James Cordier of OptionSellers.com with a market update for June 3rd. Later this year, we’re going to look back at the months of May and June. I think we’re going to see that we had quite a crescendo in option values as premiums have ballooned over the last 30 to 60 days, with much Fed talk trying to manipulate interest rates and manipulate the value of the dollar, and they’ve become very successful at this. Over the last several weeks, Fed Reserve Janet Yellen has been talking about raising rates. Whether they do or whether they don’t, they’ve been very successful in increasing the value of the dollar. This hawkish talk has brought down several commodities; namely, precious metals, and we now have a hawkish stance priced into both gold and silver. The gold market rallied briskly earlier this year, up to 1,300, and we now lost 100,000 contracts in open interest as people piling in with dovish talk have now left the market. Gold recently tested the $1,200 level recently, over the last