Metals – Market Recap Options Activity – Aug 27,2009

Reuters (Reported 8.27.09):
“ TOKYO, Aug 27 (Reuters) - Gold prices held steady above $940 an ounce on Thursday, underpinned by light physical buying, but the topside was capped by firmness in the dollar, which makes the precious metal expensive for investors holding other currencies.
Trade was slow with many major players away on summer vacation, and it could stay that way until after the U.S. Labor Day holiday in early September, traders said.” PRECIOUS-Gold steady above $940/oz, firm dollar weighs

Bloomberg (Reported 8.27.09):
“Aug. 27 (Bloomberg) -- Gold, little changed in London today, may decline as a stronger dollar reduces bullion’s appeal as an alternative investment and a drop in industrial metals curbs demand for other commodities.

The dollar, which earlier rose as much as 0.2 percent against the euro, was little changed after a three-day gain. Gold tends to fall when the greenback strengthens. All of the six industrial metals traded on the London Metal Exchange except tin fell today as China said it’s studying curbs on overcapacity in some industries, potentially dampening commodity demand. ” Gold May Decline as Stronger Dollar, Lower Metals Curb Demand

Gold Options Activity – Highlights – As Of Aug 26,2009

Silver Options Activity – Highlights – As Of Aug 26,2009