Metals – Market Recap Options Activity – Sep 18,2009

Reuters (Reported 9.18.09):
“TOKYO, Sept 18 (Reuters) - Gold steadied on Friday as light buying emerged on dips toward $1,000 per ounce, after it declined $12 in the previous session from an 18-month high.
Despite some technical indicators suggesting the market may be overbought, sentiment remained firm, analysts say, and many market participants still expect gold to break through its record high of $1,030.80 an ounce.” PRECIOUS-Gold steady, halts retreat from 18-mth high

Bloomberg (Reported 9.18.09):
“Sept. 18 (Bloomberg) -- Gold headed for a fifth weekly advance, the longest winning streak since November 2007, as investors bought precious metals and other commodities on speculation a reviving economy will stoke inflation.

Bullion closed above $1,000 for a fifth day yesterday as the Dollar Index, which gauges the strength of the U.S. currency against those of six major trading partners, yesterday dropped to the weakest level in almost a year. U.S. housing starts rose to the highest level in nine months and manufacturing in the Philadelphia region expanded more than forecast, adding to signs that a recovery in the economy is taking hold. ” Gold Heads for 5th Weekly Advance on Demand for Inflation Hedge

Gold Options Activity – Highlights – As Of Sep 17,2009

Silver Options Activity – Highlights – As Of Sep 17,2009