Metals – Market Recap Options Activity – Sep 1,2009

Reuters (Reported 9.1.09):
“TOKYO, Sept 1 (Reuters) - Gold hit $955 an ounce on Tuesday as Chinese stock markets showed signs of stability and oil prices gained ground.
The precious metal dropped 0.5 percent the previous day on selling by short-term investors due to caution in the face of tumbling Chinese equities and a fall in oil.” PRECIOUS-Gold hits $955 as China stocks, oil firm

Bloomberg (Reported 9.1.09):
“Sept. 1 (Bloomberg) -- Gold, little changed in London, may gain as a weaker dollar and higher oil prices increase demand for the metal as an alternative investment and hedge against rising consumer prices.

The dollar lost as much as 0.3 percent against the euro after a German report showed retail sales rose for the first time in three months. Crude oil, used by some investors as an inflation guide, traded as high as $70.64 a barrel in New York after a report showed manufacturing in China expanded in August. ” Gold May Advance as Weaker Dollar, Higher Oil Increase Demand

Gold Options Activity – Highlights – As Of Aug 31,2009

Silver Options Activity – Highlights – As Of Aug 31,2009