In precious metals, gold ETFs were fractionally higher as investors remained focused on leaders’ attempts to stem the European debt crisis. [Gold ETFs Stumble After Central Banks Provide Liquidity]
On Thursday, bearish buyers of near-term calls were present in SPDR Gold Shares (NYSEArca: GLD) as the precious metal has drifted lower this week on lighter volumes, Street One said. “Apparently these options traders are playing for a bounce in the metal.”
SPDR S&P 500 ETF
Full disclosure: Tom Lydon’s clients own GLD and SPY.