Metals – Market Recap Options Activity – Aug 18,2009

Reuters (Reported 8.18.09):

“TOKYO, Aug 18 (Reuters) - Spot gold prices rose closer to $940 an ounce on Tuesday as investors scooped up bullion after prices fell sharply when doubts about an economic recovery triggered sharp selling of cross-market assets the day before. The euro inched up after falling against the dollar on Monday, while oil and other commodities turned positive after sinking the previous day when growth concerns led investors to trim risk exposure and buy dollars.” PRECIOUS-Gold rises as USD softens vs euro, eyes risk aversion

Bloomberg (Reported 8.18.09):

“Aug. 18 (Bloomberg) -- Gold rebounded as the dollar declined and after the biggest drop this month boosted the metal’s appeal as an alternative investment.

Bullion, which typically moves inversely to the dollar, snapped a two-day decline as the Dollar Index, a gauge of the U.S. currency’s strength, slipped after two days of gains. ” Gold Gains as Biggest Drop This Month Boosts Investment Appeal

Gold Options Activity – Highlights – As Of Aug 17,2009

Silver Options Activity – Highlights – As Of Aug 17,2009