Metals – Market Recap Options Activity – Sep 4,2009

Reuters (Reported 9.4.09):
“TOKYO, Sept 4 (Reuters) - Gold hovered a hair below $1,000 an ounce on Friday, consolidating the biggest two-day gain since March after a mix of inflation anxiety, a retreat from risk assets and a technical break stoked renewed investor interest.
The biggest one-day percentage rise since March in the SPDR Gold Trust, the largest gold-backed exchange-traded fund, underscored the fresh burst of investor demand for a safety hedge against a halting economic recovery and the risk that this summer's stock market rally may be unsustainable.” PRECIOUS-Gold flirts with $1,000 after six-month high

Bloomberg (Reported 9.4.09):
“Sept. 4 (Bloomberg) -- Gold traded near $1,000 and was set for its strongest weekly rally since April after the price broke through a technically important level, luring investors.

Gold was at $989.68 an ounce, close to a six-month high, after climbing 3.6 percent this week. A move through $976 means gold may have resumed a “bull-run,” targeting $1,033 and then potentially a high of $1,106, according to Barclays Capital. ” Gold Trades Near $1,000, Heading for Best Week Since April

Gold Options Activity – Highlights – As Of Sep 3,2009

Silver Options Activity – Highlights – As Of Sep 3,2009