MORE ON GOLD

Here's another view of the precious metal so hated by MSM and those who fear the unraveling of their fiat monetary scheme.

We don't know Mark Cuban, we don't follow him and we don't like the playground game called  professional basketball. It's boring. All that despite our trying to keep an open mind about being open minded. So here's a read you might find of interest from a guy known for being smart. You can take it from there. In this semi-free nation he's entitled still to his opinion.

At least for now.

Billionaire Mark Cuban admitted Thursday that wild market movements have left him "confused." But he has placed a bet on gold — a so-called "safe haven" asset — as investors rush to the precious metal. Cuban said earlier Thursday that he bought "a lot" of call options on gold. He noted he did not think gold was a hedge, but that people looking for momentum would push the price of the metal higher. 

"I think people are so confused about this market. Nobody really understands what's happening, including me. So, things that I thought made sense didn't make sense and weren't working. ... When traders don't know what to do, they go where everybody is. And I thought that would be gold," Cuban told CNBC's "Fast Money: Halftime Report."

Dallas Mavericks owner Mark Cuban shares his trade on gold.

Billionaire Mark Cuban admitted Thursday that wild market movements have left him "confused." But he has placed a bet on gold — a so-called "safe haven" asset — as investors rush to the precious metal. 

Cuban said earlier Thursday that he bought "a lot" of call options on gold. He noted he did not think gold was a hedge, but that people looking for momentum would push the price of the metal higher. "I think people are so confused about this market. Nobody really understands what's happening, including me. So, things that I thought made sense didn't make sense and weren't working. ... When traders don't know what to do, they go where everybody is. And I thought that would be gold," Cuban told CNBC's "Fast Money: Halftime Report."

Gold futures for April delivery jumped about 4 percent Thursday as investors fled to safety. The move came as U.S. stocks broadly fell and Treasury yields dipped.

Earlier, Cuban wrote on social platform Cyber Dust that gold would not have to go much higher than its Thursday price for his trade to make him "happy." However, he added that he was not recommending to buy gold, noting that "if you don't know what to do, do nothing."