DISCLOSURES: The opinions expressed in this interview are those of DeFred G Folts III of 3EDGE Asset Management (“3EDGE”) and are subject to change without notice. Mr. Folts’ opinions are not intended to provide personal investment advice and do not take into account the investment objectives and financial situation of the listener. Investors should only seek investment advice from their individual financial adviser. Mr. Folts’ observations include information from sources 3EDGE believes to be reliable, but the accuracy of such information cannot be guaranteed. Investments in securities, including common stocks, fixed income, commodities and ETFs involve the risk of loss that investors should be prepared to bear. Past performance may not be indicative of future results.