Gold Fields International (GFI) is seeing double its normal trading volume on active trading in the October 15 calls. 12,000 contracts have traded, with 100 percent trading on the bid. Shares are down three cents to $12.53 despite a rally in the yellow metal. Gold was recently trading up $20.5 to $896 an ounce on dollar weakness and crude oil strength. Crude is up $5.63 to $133.42. The buck is extending its post payroll sell off, now falling to 1.57 on the euro.
About the Author (Author Profile)
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.