Silver Punches Through $15 For First Time Since 'Nixon Closes The Gold Window' Anniversary

By “Nixon closing the gold window” / December 26, 2018 / www.silverdoctors.com / Article Link

Silver has punched through $15, nearly erasing all losses from the August 15th beat-down. The gold chart isn't too shabby either. Here are the details...

Silver has just punched through the $15 price level:

This is even before the opening bell.

Let's see if silver can get put in a close above this psychologically-important whole number.

The last time one ounce of silver cost $15 was on August 15th, 2018, and that day was the anniversary "Nixon closing the gold window":

Here's a look at silver's daily chart:

That August 15th, 2018 candle was a $0.71 loss on the day.

look closely on silver's daily chart, however, and you will see that silver just put in the all important "higher-high" (at least on an intra-day basis).

Gold is not too shabby either right now.

In fact, gold is within spitting distance of finishing the year "unch" (unchanged):

That is amidst a stock market decline, the Oil Bust 2.0, and a housing market bubble that is clearly popping.

Gold is now down just over 2% year-to-date.

For comparison, the stock market, in this case the S&P 500, is down over 12% year-to-date:

Not only is S&P down over 12% year-to-date, but the S&P is down over 20% peak to trough.

Being down over 20% is considered a "bear market", and that S&P 500 chart looks absolutely terrible.

I have been saying for some time that the downside in gold & silver is limited.

I am also not expecting a "crash" in gold & silver prices if the stock market is actually going to crash by some 40% or more.

I have been basing my 'limited downside' statement on the rising price of crude oil, but as the year played-out, however, it is clear that in late December, gold & silver are in the beginnings of catching their "safe haven" bids.

I have also been saying the window is closing for gold & silver at dirt cheap prices.

And that window for silver my have just closed on fourteen.

Stack accordingly...

- Half Dollar

About the Author

U.S. Army Iraq War Combat Veteran Paul "Half Dollar" Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.

Paul's free book Gold & Silver 2.0: Tales from the Crypto can be found in the usual places like Amazon, Apple iBooks & Google Play, or online at PaulEberhart.com. Paul's Twitter is @Paul_Eberhart.

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