Gold Fields call options are seeing action Thursday morning, as a weaker dollar and high crude conspire to push gold to $1,000 an ounce. Crude was recently up 8 cents to $110 a barrel. Meanwhile, GFI is leading the mining sector higher, up 57 cents to $16.27 a share with aggressive call buying in the October contract. More than 18,000 calls have already traded, compared to 845 puts. Sentiment is 87 percent bullish.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.