Metals – Market Recap Options Activity – Sep 11,2009

Reuters (Reported 9.11.09):
“ TOKYO, Sept 11 (Reuters) - Gold rose above $1,000 on Friday as the precious metal continued to benefit from a weaker dollar amid growing risk appetite and inflation fears due to stronger oil prices.
The precious metal topped $1,000 an ounce on Tuesday for the first time since February, with spot gold staging a stunning run to an 18-month high of $1,007.45 on the same day, on technical buying momentum and a slide in the dollar.” RPT-PRECIOUS-Gold rises on back of sliding dollar

Bloomberg (Reported 9.11.09):
“Sept. 11 (Bloomberg) -- Gold climbed above $1,000 an ounce for the third day this week, poised for a fourth weekly advance as a declining dollar bolsters demand for the precious metal as an alternative investment.

Bullion traded near the highest since March 2008 as deficit spending by governments around the world erodes the value of paper currencies relative to gold and commodities. Gold has risen 14 percent this year, while the Dollar Index, a six- currency gauge of the dollar’s value, shed 5.6 percent. ” Gold Heads for Fourth Weekly Gain as Dollar’s Drop Fuels Demand

Gold Options Activity – Highlights – As Of Sep 10,2009

Silver Options Activity – Highlights – As Of Sep 10,2009