When you bring up the potential of a market crash occurring, the September to October timeframe is typically when they occur. We saw crashes in September of 1791 when the First Bank (NASDAQ:) of the United States failed. The Panic of 1907 occurred in October.
The Wall Street Crash of 1929 was in October. Black Monday was in October of 1987 followed by a mini-crash in October of 1989 and another mini-crash October of 1997. The market got hit in September of 2001 with the 9/11 attacks.
October of 2002 saw another market downturn begin. In October of 2007 the bear market began lasting till 2009. September of 2018 saw the S&P 500 index fall almost 20% along with a crash in .
We are close to the September/October 2024 timeframe and the question is, will we get another crash? And if we do, will it affect the price of and at the same time?
Lots of selling has been occurring with insiders the last week as almost all of the trades you see in red are insiders locking in profits. The buys are in green and only a couple. This selling tells me something is up.
The trading system that I will be introducing with the release of my new book has had nothing but selling going on the last 3 weeks, meaning getting out of trades that have been profitable. It was just 2 weeks ago we had the fall 1000 points and the post its worst day since 2022 as global markets sold off. But since that time we have recovered.
Why have the markets recovered? What will markets do next? What will the effect be on gold and silver? Let’s dive into these questions and see if we can come to some conclusions.
Why Have the Markets Recovered?
One doesn’t have to be a conspiracy theorist to understand that the decline we saw a couple weeks ago was getting blamed on the current administration. The Presidential candidate Donald Trump was calling it the Kamala Crash which was trending on X. There was a threat of an extension of the Israel/Gaza conflict into Iran with a threat of retaliation. But at the same time, the Olympics were going on and I had told a few people that I didn’t see anything…
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