Howard, I've got gold stocks. I don't have any of the glittery stuff. I have a palladium position I zip in and out of regularly, but I am out at the moment. I have a long term platinum holding that I haven't touched for months. I have had copper in the recent past, but none right now.
I don't know if this move is sustainable in most commodities. The latest economic numbers weren't so good for capacity utilization or housing, so the rise in basic materials seems kind of odd. Gold and platinum, of course, march to a different drummer and I like them both, with more weighting on the platinum/palladium/rhodoium complex.
Options income is tough. Since you are actually selling secured puts, I prefer to play the options income game at bottoms. The bond option income plays are, IMHO, a better deal. But they are big bucks, with $100,000 per contract minimum.
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