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

Will markets continue to rally, be range bound, or have the annual Fall correction on time, or later in November, or perhaps even February?!
Given my bearish economic fundamental views, the risk/reward of most long positions is unacceptable. This leaves three potential plans of action:

1) Stand aside

2) Trade more frequently

3) Do tactical rather than strategic shorting until momentum is broken.  This can happen as early as this week when September 30 Mercury (thinking) turns direct.
The next strongest astro after the October Key dates listed below is mid November.
BOTTOM LINE: Markets could correct as early as this coming week, Mid October, or as late as MidNovember. 

September 16th Markers:  DJIA 9791 NAS 2133 SPX 1068 Shanghai 2999/3050 Dec Gold 1020 Dec Silver 1743 Dec Oil 73.25 Dec Copper 293
September 25^th Markers:      DJIA 9665 NAS 2091 SPX 1044 Shanghai 2838         Dec Gold   992 Dec Silver 1605 Dec Oil 66.49 Dec Copper 273

GUEST HYDE PARK SOAPBOX: Emphasis on Growth Is Called Misguided 

ASTRODATES
09/29 Mercury SD
10/04 New Moon
10/13 Jupiter SD
10/18 New Moon
10/23 Sun enters Scorpio 2.44am 

KEY DATES:    OCTOBER 1, 8, 13, 15
DJIA:                9660 PIVOT S1 9500 S2 9400 S3 9300 S4 9000
SPX:                1068 PIVOT S1 1040 S2 1010 S3 990
NASDAQ:         2133 PIVOT
XAU:                145 SUPPORT 180 RESISTANCE
DEC GOLD       1000 PIVOT S1 970 S2 960 S3 950
DEC SILVER:    16 PIVOT 15 or 14.50 SUPPORT? 18 RESISTANCE
XOI:                  1010 PIVOT 960 SUPPORT
DEC OIL:           62 INTERMEDIATE TARGET ACHIEVED THIS WEEK?  

Market Marker Sentiment until 2010 is Less Volatility with Market Cross Currents.
Stocks Meander slightly ahead and favor defensive plays.
The US$ doesn't collapse & Commodities may not be needed as a safe haven panacea.  
7/21 PRE-ECLIPSE: DJIA   8915. SPX   954 & NASDAQ 1916
2008 CLOSE:           DJIA   8776, SPX   903 & NASDAQ 1577
2007 CLOSE:           DJIA 13264, SPX 1468 & NASDAQ 2655
2006 CLOSE:           DJIA 12463, SPX 1418 & NASDAQ 2415
2005 CLOSE:           DJIA 10717, SPX 1248 & NASDAQ 2205
DJIA:                       6 ~ FV 2 UV; 5 offer 4%+ Dividends 3 offer 5%+ Dividends.
THINK TRADITIONAL SWISS AND PRESERVE CAPITAL: FOCUS ON PROTECTING AGAINST DOWNSIDE RISK. 

2.  Given an ongoing subdued US economy, we are beginning to revisit defensive companies that prosper during recessionary times. They should perform in H1 2010 with relatively low risk.
However, from a COSMC VALUE perspective, I don’t consider it time to buy until we see at least a 10% market correction.
At that time, I will revise and update our premium subscriber post S:UNCERTAIN TIME STOCKS.
Note: 11 of our 12 stocks in this sector comfortably reached or exceeded their price/profit targets.  The 12^th Walmart [WMT] had a recommended buy under 50 and did not lose money. 

If a Tree Falls in a Forest, Does It Generate an Adequate Return?
HW: We continue to favor the accumulation of Plum Creek Timber [PCL] at 28 OB. 

3. Gold’s No Bubble vs. Sorry, gold bugs, but the facts just don't add up
HW: Where and when to buy Gold Silver?  While we are intermediate term bulls, we remain short term cautious from a pricing standpoint.
As we wrote in last week’s WSNW, at our July Triple Gold Conference we proposed the following: 

We will be long Silver from after September options expire into Feb 2010.
We will be short Gold stocks at the same time (October options).
We will be doubly long Silver circa second week of October – 3 weeks or less.
We will be selling Gold circa 10/27 into November expiration.
We will be long Gold stocks just before second half of December two weeks.

 What is the bottom line?

1)  Ideally, we would like to do an initial buy of precious metal stocks 10-20% BELOW current pricing.

2) Our first Silver Buy:  TIME- within 10 days PRICE under $16, and ideally circa $14.80-$15 OB! 

Note: Coming October 15: AFUND 50 TRIPLE GOLD NATURAL RESOURCE PICKS.
Our Triple Gold Natural resource sector allocation/stock picks to buy and hold for long term investment, designed to out perform natural resource benchmarks in both UP and DOWN markets, as well as a  partial US$ hedge.
Our original Triple Gold portfolios were Gold (precious metals), Black (Oil) and Blue (water).
We later expanded this to Green (agriculture and alternate energy) and finally White (all other natural resource plays from base & industrial metals to infrastructure and services). 

4. “There’s a little bit of a wall of worry right now, but the market just feels like it wants to go up. There’s going to be a very strong near-term economic rebound greater than expectations. I think we’ll end the year higher.”
Michael Mullaney, fund manager, Fiduciary Trust
HW: If so, I would bet less than 5%, while the short term downside risk is more than double that. 

 “What the markets want to see, what investors want to see, is demand is picking up. We should see a pullback and the market just waiting for the data to come in. Much will depend on the earnings and guidance.” 
Quincy Krosby, a market strategist, Prudential Financial
HW: Comparisons to last year will be favorable. However, accurate forecasts for 2010 will not be robust.

 “There is no inflation on the horizon, The market is comfortable that the Fed will keep rates low and there isn’t much of an alternative.”
Michael Cheah, manager, SunAmerica Asset Management
HW: Dream on. 

4. Record cash flow could lead to M&A boom 

Rally is for suckers

Record loan losses hit U.S. financial sector 

6. READER: RE:  We will be short Gold stocks at the same time (October options).  We will be selling Gold circa 10/27 into November expiration.1.......so does this mean to stay out of Gold until December now?
HW: We advise long term accumulation on weakness.  Some gold positions are always advisable both to hedge against potential US$ weakness and/or inflation after Christmas.
RE: We will be doubly long Silver circa second week of October – 3 weeks or less What is doubly long mean....invest double what you normally would sometime between now and second week of Oct....and how do I know when to get in the next 3 wks or less?
HW: If you already have an allocation to silver or silver stocks, it is a time to BUY MORE.  If you don’t it will be time to have some.

READER: Any suggestions on natural gas stocks to get into now?
HW: While the Sell Oil/Buy Natural Gas pair is working, many natural gas stocks have yet to correct appreciably.  You could look to accumulate on weakness CHK, DVN, APA and/or  XTO. 

READER: What I am concerned is near term, there is 3 cycles:
First is Sun-Saturn semi-square that caused gold lows in last 8 years, EVERY YEAR!!! even last year 2008-Oct-24 happened what Sun-Saturn make semi-square aspects, I don't know why but it is so consistent.
Second, Venus in Libra, this is also quite consistent since 2005. they are 2005-August-31 low, 2006 Oct 4 low, 2007 Nov-19 low, 2008-Sep 11 low, all happened when Venus was in Libra, which is trine to Neptune.
Third cycle is Pluto semi-square with small planets, for example. 2008-Oct 24 low have Mars-Pluto semi-square, also 2007 Dec 17 low have Venus-Pluto 45 degree. 2008-Nov-13 too, have Mercury-Pluto 45 degree, plus 2002 Dec 1 with Venus/Mars semi-square to Pluto.
So this looks like a few bearish transits during Oct-Nov period. I agree that after Nov. sometimes in Dec, gold will jump big.
HW: For different reasons, I agree with your conclusions.