Reflecting on last month's Trading Strategies, during which he warned of an impending market crash, gold expert David Yoe Williams admitted that September bucked the trend and was very good, but there may be a caveat.
"For the last 60 years or so, two-thirds of Octobers are positive and one-third are negative," Williams said. While he noted that most of the Octobers that fall into the one-third are fairly mild, he referenced four or five major October crashes, with the 2008 crash being the most recent.
Williams stressed that he remains bearish as we head into the first days of October. "September being a good month kind of sets up October not being such a good month," Williams said.
Will the market fall with the leaves?
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