Metals – Market Recap Options Activity – Sep 2,2009

Reuters (Reported 9.2.09):
“TOKYO, Sept 2 (Reuters) - Gold inched down on Wednesday, a day after failing to top key resistance at $960 an ounce, but investors refrained from betting heavily in either direction due to an opaque outlook.
Trading in the precious metal has largely been confined to a range between $930 and $960 over the past three months, pressured by a resurgent dollar but drawing support from inflation worries and an uncertain economic outlook.” PRECIOUS-Gold slips below $955, investors cautious

Bloomberg (Reported 9.2.09):
“Sept. 2 (Bloomberg) -- Gold fell as a slump in equities, triggered by concern that U.S. financial institutions will suffer more losses, boosted the dollar.

Bullion, which typically moves inversely to the U.S. currency, retreated as the dollar advanced against the euro. The MSCI Asia Pacific index of regional shares dropped 1.6 percent, the most since Aug. 17, after U.S. stocks fell for three consecutive days. ” Gold Declines as Slump in Equities Triggers Gain for the Dollar

Gold Options Activity – Highlights – As Of Sep 1,2009

Silver Options Activity – Highlights – As Of Sep 1,2009