Around noon in New York Wednesday, 5,000 lots of a gold option giving the holder the right to buy the precious metal at $4,000 an ounce in June 2021 changed hands. The bets were sold at $3.50 an ounce. This seems like a very aggressive position for the people who bought the call options. Insiders take positions based on upcoming geopolitical events that the general investing public is not aware of. Similar trades take place with the oil market when someone knows a war is going to break out in the middle east. This could just be a foolish bet. I don’t discount trades like this completely. It could be someone does know something.