1. SEPTEMBER MARKETS
2. UP STARS/DOWN STARS
3. GOLDEN OPPORTUNITIES
4. ASTRONUT
5. QUOTES
6. ON THE WEB
7. LETTERS 

1. A FULL MOON, FOMC MEETING & OPTIONS EXPIRATION
If you wish to buy stocks today, you should have DEEP POCKETS AND DEEP CONVICTIONS. 
Where to buy and when are two big questions. Will it be safe for long term investing again in 2008? MAYBE NOT! 

WE LOVE GOLD H2 SEPTEMBER & NOVEMBER 2008!
September 11 WSNW Alert: “Hopefully last Special Wall Street Alert this month - September 12 is coming!
Stock Market bottom in place?  Gold bottom in place?  If Oil drops below much $100, then not yet here or if Euro falls below 138.  Our P1 Oil target is $91, but that is sometime by Spring 2009.
My trader thinks gold going to $650.Another said $750; My broker thinks 700-720. I think they are wrong, but maybe not.
Tomorrow Friday September 12) is the IMPORTANT day for me in gold and we are now fully invested. If not working after Monday, trades will be reduced or stopped out.  However, for gold investments, will remain as well as gold hedges!”
So far, we are in $20+ in the money. 

However, there are many cross-currents for gold as with most market instruments today.
For example, Oil has a Fair Value of $70-$80 and a P1 Trading Target of $91. Also negative for Oil is the upcoming November US Presidential election (4 years ago Oil dropped from the Republican convention into early November- A “coincidence” to be repeated?
However, Oil has some positive astro as well as support from numerous potential geo-political crises.
Also the US Dollar I believe is overvalued but until this week had positive momentum. Yet, until Friday September 12, our key date, gold had a somewhat negative short term negative technical chart.

BOTTOM LINE:
Traders:   Watch to see that September 12th numbers hold.
Investors: Remember gold’s fair value is $900.
Hedgers:  Owning gold helps insure a sound sleep.
 

KEY DATES:   SEPTEMBER 15, 16
DJIA:                11425 SUPPORT R1 11500 R2 11650 R3 11800
SPX:                  1250 PIVOT
NASDAQ:        2180 SUPPORT 2350 RESISTANCE
XAU:                118 SUPPORT 140 RESISTANCE
DEC GOLD:      $900 FAIR VALUE
XOI:                  1240 SUPPORT
OCT OIL:          $100 PIVOT $111 RESISTANCE  

The Market Marker Sentiment OIL ON THE BRAIN UNTIL OCTOBER 3!
DON’T BUY AND HOLD: BE LIQUID WITH A BALANCED AND DIVERSIFIED PORTFOLIO!
2007 CLOSE:           DJIA 13264, SPX 1468 & NASDAQ 2655
2006 CLOSE:           DJIA 12463, SPX 1418 & NASDAQ 2415
2005 CLOSE:           DJIA 10717, SPX 1248 & NASDAQ 2205
DIJA:                       2 ~ FV 1 UV; 7 offer 4%+ Dividends 5 offer 5%+ Dividends.
Looking ahead, my question is whether 2008 will show less than 2% growth or be a classical recession?  
THINK SWISS AND PRESERVE CAPITAL: FOCUS ON PROTECTING AGAINST DOWNSIDE RISK. 

2. Our play this week is AIG.  We recommended buys from $12.14 and earlier from $14 to $16.  Depending on Lehman (LEH) and Washington Mutual (WM), AIG could or could not be next.

Hence, we will be watching very closely.  As traders, we are willing to take 20% profit, hence we must limit losses to 20%.  As investors, we believe that AIG can easily go back to test $20-$24+.

We will make a judgment depending on market reactions to the Lehman crisis and Tuesday’s FOMC.  Given Monday is a Full Moon- high energy date, it may be difficult to judge.

However, while one always hopes for the best, always be prepared for the worst. While we made money trading AIG before, there is a great danger, and Money management issue should b number 1.

As for precious metal stocks, we have long recommended full commitment by September 12.  We will soon know if this advice was timely, early or wrong!

Friday’s closing prices on a number of quality gold and silver stocks such as Nova Gold (NG) and, Silver Standard (SSRI) are clearly undervalued with gold selling around $750 gold and Silver $11.

WSNW Subscribers may wish to review our premium post S: MINING (9/12/2008) for more stocks. 

2. Vedic Astrology: Gold Prices and Vedic Astrology

Go for the Gold

Reader: Most people believe we will have 1 more break of gold and we should test the 700 to 720/730 level before going back up. 
We will know soon if your call [RE: gold is testing 784 long term support now We think a GREAT trading buy R/R] is the right one.

Do you think after the 15th of September gold will rise from the lows?
HW: My Key gold date to begin a major rally is September 12, not September 15.  However, that date is plus or minus one day.

Friday 9/12 our KEY date gold rose over $20 from a Thursday close of $749 to reach $770!We long recommended fully investing in gold as well as being long gold and silver as a trade by September for a  rally to retest the highs by February 2008. WE ARE NOW FULLY INVESTED and expecting a $100 move [80 to go] up in the short term and double that in intermediate term. 

4. INFLATION EVERYWHERE YOU LOOK
Eric Schiffer, CEO of 99 Cents Only Stores [NDN] said, "In response to dramatically rising costs and inflation, 99 Cents Only Stores(R) is forced to raise its price by almost one full penny to 99.99 cents. This nearly one cent price raise will help 99 Cents Only Stores(R) offset some of the increased costs of doing business including higher fuel and commodity costs. "Just as Motel 6(R) was eventually forced to raise its price above $6, after 26 years we are forced to raise our price by just about one cent.  "This year we are doing more business than we have ever done and same-store sales have continued strengthening in the current quarter. 99 Cents Only Stores(R) has 277 stores with its busiest store located on Wilshire Boulevard adjacent to Beverly Hills, California!
So will NDN out perform WMT or the SPX going forward?  

5. “`There's a big question mark over the performance of the economy over the next six months. ' We have to be braced for a decidedly slower pace of consumer spending.''

John Lonski, chief economist, Moody's Investors Service

HW: Duh!

"Based on the average length of the currency cycle, I would say we have just ended seven years of dollar weakness and are now looking at seven years of dollar strength."

Adam Boyton  senior currency strategist, Deutsche Bank,

HW: I thought it was 7 years of famine ahead after 7 years of feast?

“The dollar has been one of the only beneficiaries of safe haven flows. All of this money is being repatriated into the states en masse, causing the dollar to go hyperbolic."

Ralph Preston, senior market analyst, Heritage West Financial

HW: No I don’t think it is a safe haven play as a “fire sale play.” The US is now for sale as we forecast before.  In order to buy US companies, it takes US dollars.  The problems of the US have NOT gone away. It is true other currencies/countries have similar problems, which is why the ONLY major good currency right NOW is GOLD!

6. Is the U.S. Going Broke?

Now that the federal government has bailed out Fannie and Freddie, who's going to bail out the federal government?

Don't Hold Too Much of One Stock

Memo to the Uneasy Investor: Be Strong
Now is the time for taking deep breaths and chanting mantras, but it’s not a time to get out of the stock market. 

7.    READER: Can I ask your opinion of Nova Gold is it still a good company to invest in?
HW: Yes I believe so. I recommend NG as a core long tem holding. 

Reader: Thanks for the updates on Gold and Silver, I have a question for you in one of your previous newsletters you said "make sure you are out of all stocks by November", are you expecting a market crash and if so what extent could the Dow fall?
HW: That wasn't me but someone else. I do agree this November is SUPER RISKY and you want to own gold then. I would never say sell all stocks. I would say have plenty of cash and be VERY liquid and defensive. 

READER: Is there a deliberate attempt to trash these juniors shares so they are so broke and can't get financing they have to sell themselves? Also, I’m curious about this too, can they keep the market from falling before the election?
HW; Today credit is tight and investors are risk adverse juniors are considered risky.
Markets will be Down and UP before the election.  Whether down again before November I don’t know, but I do believe when way up you sell, when way down you buy. 

READER: Please be so kind and send me the complete name and number of AIG.
HW: American International or AIG is a Dow 30 Stock. Note: our buys are MOC at our price or better - AIG closed at 12.14.  As you have not bought it, watch its open Monday. If it drops below $10 (20% loss for us) we could be stopped out given high market volatility due to the both the Full Moon, FOMC meeting and the Lehman-NY Fed weekend drama. 
READER:   Thank you for the information. But I assure you that AIG will drop down to $ 4,- very soon.
HW: Yes that is also a possibility but should it happen I believe our gold trades should more than compensate.