Metals – Market Recap Options Activity – Sep 9,2009

Reuters (Reported 9.9.09):
“LONDON (Reuters) - Gold eased below $990 an ounce on Friday after a two-day rally that took the market to within a whisker of $1,000, as an uptick in the dollar index after U.S. non-farm payrolls data prompted some traders to cash in gains.
But prices remain well-supported near Thursday's close by risk aversion on the one hand and inflation fears on the other, and could be poised for further gains, analysts say.” Gold slips below $990 after U.S. jobs data

Bloomberg (Reported 9.9.09):
“Sept. 9 (Bloomberg) -- Gold, little changed in London today, may rise for a seventh day on speculation that a weakening dollar will boost the metal’s appeal as an alternative investment.

Bullion will post its longest winning streak in nine months if it gains today. Gold reached $1,007.70 an ounce yesterday, the highest price since March 2008. The dollar was little changed near this year’s lowest level against the euro. Gold, which is trading 3.5 percent below a record, tends to rise when the U.S. currency weakens.” Gold May Rise on Weaker Dollar for Longest Gain in Nine Months


Gold Options Activity – Highlights – As Of Sep 8,2009

Silver Options Activity – Highlights – As Of Sep 8,2009