Source: www.jlnoptions.com - Monday, August 06, 2012
LEAD STORIES Speculators Pile Into Gold Futures, Options -- CFTC Debbie Carlson, Kitco News As gold prices rose during the last week of July, speculators sought out to buy the yellow metal on the Comex division of the New York Mercantile Exchange, according to U.S. government data. For the week ended July 31, speculators in the Commodity Futures Trading Commission’s weekly commitment of traders report saw their net-long positions in gold rise significantly in both the legacy and disaggregated reports. Silver saw a similar strong rise in the net-long positions, while palladium’s net-long position rose modestly. Platinum activity was divided in the two reports, as it was also for copper. http://jlne.ws/N98cJ0 July adds to options trading decline Helen Bartholomew, IFR Asia Just over 306m contracts changed hands over the month across 10 US options exchanges, compared to 348m a year previously. Average daily volume fell more than 16% during July to 14.6m. The ongoing slump puts volume for the year at 2.39bn contracts - 6.8% below levels at the same point a year ago and keeping 2012 on course for the first decline in trading puts and calls for a decade. http://jlne.ws/Rcwrqz Antitrust suit against CME Group gets judge's go-ahead Ann Saphir and Tom Polansek, Reuters A federal judge in Chicago is allowing an eight-year-old antitrust lawsuit against CME Group Inc to go forward, reopening a particularly acrimonious chapter in CME's battle