Metals – Market Recap Options Activity – Aug 12,2009

Reuters (Reported 8.12.09):

“TOKYO, Aug 12 (Reuters) - Gold prices steadied at around $950 per ounce on Wednesday, propped up by light short-covering ahead of the Federal Reserve's policy statement due later in the day at the end of a two-day meeting.
The dollar's firmness after stronger-than-expected U.S. jobs numbers late last week put weight on bullion. But recently built-up positions have mostly been squared off, with investors bracing for the Fed's assessment of the economy.” PRECIOUS-Gold steadies at $950/oz, FOMC eyed, ETF dips

Bloomberg (Reported 8.12.09):

“Aug. 12 (Bloomberg) -- Gold fell for a sixth day in London, heading for the longest decline in five months, as a stronger dollar curbed the metal’s appeal as an alternative asset.

The dollar climbed as much as 0.4 percent against the euro to this month’s highest level before the Federal Reserve’s announcement today on interest rates. Bullion, which typically slides when the dollar gains, also dropped as crude oil, Asian equities and U.S. index futures declined. ” Gold Falls in London, Heads for Longest Decline in Five Months

Gold Options Activity – Highlights – As Of Aug 11,2009

Silver Options Activity – Highlights – As Of Aug 11,2009