Metals – Market Recap Options Activity – Aug 28,2009

Reuters (Reported 8.28.09):
“TOKYO, Aug 24 (Reuters) - Gold was steady above $950 an ounce on Monday with light buying encouraged by extended gains in oil and equities markets, although it was off a one-week high near $960 the previous session.
But there was no strong follow-through buying as investors mostly sat on the sidelines before U.S. data on housing and consumer sentiment later this week.” PRECIOUS-Gold steady above $950/oz, ETF up 0.92 tonnes

Bloomberg (Reported 8.28.09):
“Aug. 28 (Bloomberg) -- Gold climbed for a fourth day after the dollar fell on reduced demand for the relative safety of the currency as crude oil and equities rallied and optimism increased that a global economic recovery is underway.

Bullion gained, trimming this month’s loss to 0.4 percent, as the U.S. currency declined against the euro for a second day, heading for its first two-month drop since March 2008. Asian stocks advanced ahead of a U.S. report that may show consumer confidence rose this month. The precious metal typically moves inversely to the dollar.” Gold Advances as Dollar Drops on Optimism Recovery Is Underway

Gold Options Activity – Highlights – As Of Aug 27,2009

Silver Options Activity – Highlights – As Of Aug 27,2009