Metals – Market Recap Options Activity – Sep 8,2009

Reuters (Reported 9.8.09):
“SINGAPORE (Reuters) - U.S. gold futures hit $1,000 an ounce for the first time since February as the dollar's weakness, concerns about the sustainability of global economic recovery and worries about future inflation underpinned sentiment.
Gold for December delivery touched $1,000, shortly after spot gold hit a six-month high above $997.20.” INSTANT VIEW: U.S. gold futures hit $1,000, first since Feb

Bloomberg (Reported 9.8.09):
“Sept. 8 (Bloomberg) -- Gold rose to the highest price since March 2008, passing $1,000 an ounce, while silver climbed to a 13-month high as a weaker dollar and concern that inflation may accelerate boosted the appeal of precious metals.

Bullion for immediate delivery surged to $1,007.70 in London, taking this year’s increase to 14 percent. Gold, which reached a record $1,032.70 in March 2008, is set for a ninth yearly gain. Crude-oil futures and all six industrial metals on the London Metal Exchange rallied as the Dollar Index lost as much as 0.8 percent. Raw materials typically move inversely to the U.S. currency.” Gold Rallies to 18-Month High on Dollar’s Weakness, Inflation

Gold Options Activity – Highlights – As Of Sep 4,2009

Silver Options Activity – Highlights – As Of Sep 4,2009