Did You Miss This Notorious Anniversary?

Did You Miss This Notorious Anniversary?

Posted On August 16, 2021 2:47 pm

Do you know what happened 50 years ago – to the day – yesterday?

It was August 15th, 1971 when President Nixon “temporarily” closed the gold window to protect the US from a run on our gold reserves. 

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Basically, Europe – led by French President Charles De Gaulle –  started cashing in their dollar reserves to reclaim gold.  

The US had printed too much money and wasn’t able to keep giving gold to the holders of dollars…

So rather than see all of the US gold reserves depleted, Nixon stopped allowing the exchange. 

That is the point where the US, and the world, left the gold standard.  

Prior to Nixon’s actions, a wage earner in the US could save money in the bank and retire on the interest from their CDs.  

Since 1971, people needed to put their money in mutual funds or ETFs and use the capital gains to fund their retirement.  Just saving was no longer enough…

However, NOW,  just putting money in managed funds is no longer enough – in my opinion.  

Today you need to actively trade

And the best way for retail investors to actively trade is in the options market.  At least that’s my opinion.  

Obviously, I have a biased point of view, but think about it…

You can capture the upside of any stock movement with a fraction of the money you’d need to buy the stock…

And you can even short a stock without all the risk of a traditional short. (I don’t recommend retail investors sell stock short.)

That’s why Options360 is such a great service for all traders.  

I do all the research, all the grunt work, and then I share my recommendations with you and explain why I made the reco.  

Twice a week I host a training webinar where I explain all the trades, share my outlook on the market, and answer your questions…

And you even get my direct email address in case you have questions between the webinars.  (No personal trading advice).

Grab Your Trial Membership for Only $9 Now!

If my track record since 2015 is any indication, we are in for more good times this year and in the years to come. 

Every year we have substantially outperformed the market.

2015: up 122% (S&P was down .73%)

2016: up 39% (S&P was up just 9.54%)

2017: up 61% (S&P was up just 19.42%)

2018 up 67% (S&P lost a whopping 6.24%)

2019: up 77% (S&P up just 28.9%)

2020: up 46% (S&P was up just 16.26%) 

And on top of that, we have been on fire this year…


For example, in just the last few weeks alone we have closed positions like:

  • 98.5% ROI in QQQ in 6 days

  • A strong 30.9% Return in AKAM

  • And CRM for 42%

  • EA for a 48% return

  • TDOC for an incredible 52% overnight windfall

We all know that past performance is not an indication of future gains, but it beats the heck out of a losing track record!

Look, it’s time to climb on the train.  In acknowledgment of the 50 year anniversary of Nixon closing the gold window, I am going to keep the $9 trial open one more day. 

Get in on it now!

To Your Success,


About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.