Metals – Market Recap Options Activity – Aug 13,2009

Reuters (Reported 8.13.09):

“TOKYO, Aug 13 (Reuters) - Gold rose to trade above $950 on Thursday, after the Federal Reserve said it would keep interest rates near zero, while a decline in the dollar provided an additional boost. The U.S. central bank also made its clearest statement to date on Wednesday that it sees the recession nearing an end.” PRECIOUS-Gold rises to trade around $950, ETF stable

Bloomberg (Reported 8.13.09):

“Aug. 13 (Bloomberg) -- Gold gained for a second day in London as the dollar weakened, increasing the metal’s appeal as an alternative investment. Other precious metals also rose.

The dollar slid as much as 0.6 percent against the euro after the German economy, Europe’s largest, unexpectedly expanded in the second quarter and the Federal Reserve yesterday said it will keep interest rates low for an “extended period” and that the U.S. recession is easing. Bullion tends to climb when the greenback weakens.” Gold Gains a Second Day in London as Weaker Dollar Spurs Demand

Gold Options Activity – Highlights – As Of Aug 12,2009

Silver Options Activity – Highlights – As Of Aug 12,2009