Metals – Market Recap Options Activity – Sep 21,2009 UPDATE 1

Bloomberg (Reported 9.21.09):
“ Sept. 21 (Bloomberg) -- China may purchase some of the 403.3 metric tons of gold being offered by the International Monetary Fund, Market News International reported, citing two unidentified government sources.
China will consider the purchase to diversify its reserves if the price is right and the potential return relatively high, the report said, citing one of the sources. There is no indication China is seeking to buy all of the gold on offer, the report said, citing no one.” China Said to Consider Buying Gold From IMF, Market News Says

Reuters (Reported 9.21.09):
“NEW YORK, Sept 21 (Reuters) - U.S. gold futures dropped below $1,000 an ounce on Monday as a broadly higher dollar and sharp drop of crude oil prompted across-the board selling.” US gold drops below $1,000/oz on dollar rally

WSJ (Reported 9.21.09):
“ NEW YORK (Dow Jones)--December gold futures are expected to open floor trading in New York around $8 an ounce lower Monday, based on electronic activity ahead of the pit session at the Comex division of the New York Mercantile Exchange. December silver is expected to be down about 30 cents an ounce.
In overnight activity, spot gold recouped some earlier losses in Europe, but remained around $1,000 a troy ounce, vulnerable to selling if the dollar rallies further.
Gold fell below $1,000/oz in Asia but then recouped some of its losses in Europe, helped by some weakening in the dollar.
News late Friday that the International Monetary Fund board approved a plan to sell one eighth of its total gold holdings also weighed on prices, traders and analysts said. ” PRECIOUS METALS: NY Gold Seen Down $8, Silver Down 30 Cents

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