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Bill Cara’s Blog for Sept 2, 2010 [See post-close report]

Morning Call [6:58am ET] My trading firm's letter to clients in August was headlined: "Gold may glitter in an environment of rotating sovereign crises". We'll discuss this today as the gold market could be close to the point of lift-off.

Yesterday’s gold monitor:

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Tables & Charts for Wednesday, Sep 1st, 2010

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Bill Cara’s Blog for Sept 1, 2010 [See post-close report]

Morning Call [7:29am ET] With 21 minutes remaining in yesterday’s session I sold a 30% portfolio weighting in EDZ, which is a 3x emerging markets bearing position, so my exposure was 90% of the index. I sold at 38.83 a position that had cost 38.54 a few hours earlier. For a while as you know I was underwater, putting the trade on four minutes before positive economic data had been released.

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Tables & Charts for Tuesday, Aug 31st, 2010

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Bill Cara’s Blog for Aug 31, 2010 [See post-close report]

Morning Call [7:23am ET] It’s not a given, but indications are there will be a rebound in equity prices in New York today. Equity futures are clearly pointing down, and the results earlier in the day, particularly Tokyo where the Nikkei 225 dropped -3.55% and Europe where trading at this minute is down on average about -0.85%, are ugly.

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But traders must learn to follow the action of central banks and their trading in currency markets. Money flow speaks volumes. In fact, in a noisy marketplace, it speaks loudest.

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Tables & Charts for Monday, Aug 30th, 2010

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Bill Cara’s Blog for Aug 30, 2010 [See post-close report]

Morning Call [6:21am ET] In the Friday Morning Call, I gave a heads-up as to a currency market being put in play to try to stimulate economies and capital markets.

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Bill Cara's Week in Review #35, 2010

[5:27pm ET Sunday] Capital markets are not perfect, but sometimes events occur to make us question whether they are manufactured. This week offered a perfect example.

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Tables & Charts for Friday, Aug 27th, 2010

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Bill Cara’s Blog for Aug 27, 2010 [See post-close report]

Morning Call [8:30am ET] As we await the report of the recent quarter US GDP estimate at 8:30am ET, the UK Office for National Statistics unexpectedly reported that Britain’s economy had grown faster than expected, faster they say than in any quarter year in the past nine years. Bernanke is likely to discuss a slowing US economy in his speech to a Fed sponsored gathering in Wyoming today. What impact will these events likely have on capital markets?

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Tables & Charts for Thursday, Aug 26th, 2010

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Bill Cara’s Blog for Aug 26, 2010 [See post-close report]

Morning Call [8:00am ET] Trading strategy must be based on the principle of capital preservation, which means that whenever capital markets go into panic mode the idiom ‘Discretion is the better part of valor’ must underlie your tactics. Yesterday, shortly after the open, the market, which earlier had been shown a disappointing US Durable Goods report, was facing absolutely ugly New Home Sales data, and started to panic.

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Tables & Charts for Wednesday, Aug 25th, 2010

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Bill Cara’s Blog for Aug 25, 2010 [See post-close report]

Morning Call [8:30am ET] Yesterday morning, I gave you an insight into how I had backed into a corner as the Bears were breaking through all defenses put up by the Bulls. Here is a follow up to that discussion, taken from the end of the day log:

[8/24/2010 4:03:47 PM] Bill Cara: at 3:20 I had recovered and then some in the emerg mkts, then boom

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Tables & Charts for Tuesday, Aug 24th, 2010

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Bill Cara’s Blog for Aug 24, 2010 [See post-close report]

Morning Call [7:53am ET] Yesterday afternoon I messaged my trading team as follows:

[8/23/2010 3:27:36 PM] Bill Cara: dip in the TNA, euro, aussie, loonie here
[8/23/2010 3:27:58 PM] Bill Cara: not good for the Bulls going into the close
[8/23/2010 3:28:17 PM] Bill Cara: I'm hanging onto eem though
[8/23/2010 4:00:17 PM] Bill Cara: ugly close

There are times when you just want to kick yourself.

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Tables & Charts for Monday, Aug 23rd, 2010

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Bill Cara’s Blog for Aug 23, 2010 [See post-close report]

Morning Call [8:05am ET] Over breakfast this morning, while perusing the Toronto Star, I discovered an eye opening article inspired by filmmaker Steven Spielberg who directed the latest Tom Cruise film, Minority Report. At first I was taken by the words, “envisions a plausible society where privacy is non-existent and no one is anonymous,” which apparently is the plot, but then I realized the article was about me.

http://www.thestar.com/living/article/850671--futurists-guides-on-the-ro...

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Week in Review #34, 2010

[12:45pm ET Sunday] In terms of the things that matter most in capital markets, like risk perception and trend direction, very little was decided this week. By Friday morning there were some negatives creeping in, mostly due to a potential rally in the US Dollar, but by the afternoon, traders seemed to go into the weekend fairly content.

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Tables & Charts for Friday, Aug 20th, 2010

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