Metals – Market Recap Options Activity – Aug 14,2009

Reuters (Reported 8.14.09):

“TOKYO, Aug 14 (Reuters) - Gold prices rose closer to $960 an ounce on Friday as oil extended gains and strengthened bullion's appeal as a hedge against inflation.

While U.S. government data on retail sales and weekly jobs claims were disappointing, better-than-expected earnings by Wal-Mart Stores Inc (WMT.N) reinforced hopes for an economic recovery and boosted U.S. stocks on Thursday.” CORRECTED - CORRECTED-PRECIOUS-Gold rises towards $960, firmer oil helps

Bloomberg (Reported 8.14.09):

“Aug. 14 (Bloomberg) -- Gold climbed for a third day and headed for a fifth weekly advance as investors sought an alternative to a weakening dollar and commodities rose on signs of an economic turnaround.

Bullion is on course for the longest weekly winning streak since November 2007. The Dollar Index, a six-currency gauge of the greenback’s value, fell as much as 0.7 percent yesterday after the German economy, Europe’s largest, unexpectedly expanded in the second quarter. Hong Kong’s economy probably grew 1.2 percent last quarter from the previous three months, a Bloomberg survey showed.” Gold Heads for Fifth Weekly Gain as Dollar Drop Fuels Demand


Gold Options Activity – Highlights – As Of Aug 13,2009

Silver Options Activity – Highlights – As Of Aug 13,2009