Metals – Market Recap Options Activity – Aug 26,2009

Reuters (Reported 8.26.09):
“TOKYO, Aug 26 (Reuters) - Gold prices rose on Wednesday with the dollar barely moving after slipping the day before, but investors were wary about rising equities drawing money away from bullion, and also before U.S. housing data later in the day.
Investors kept their focus on the greenback for near-term market direction, as a firmer dollar makes gold priced in the U.S. currency more expensive for non-dollar holders and dampens interest in bullion as an alternative asset.” PRECIOUS-Gold rises on steady dollar, eyes equities

Bloomberg (Reported 8.26.09):
“Aug. 26 (Bloomberg) -- Gold advanced for a second day on signs a recovery in global economies may be weakening, spurring haven demand for the precious metal.

Bullion extended gains after Japan’s export slump deepened in July and U.S. home prices fell 6.1 percent in the second quarter as a record number of foreclosures eroded the value of real estate. ” Gold Gains for Second Day as Slowing Recovery Signs Spur Demand

Gold Options Activity – Highlights – As Of Aug 24,2009

Silver Options Activity – Highlights – As Of Aug 24,2009