The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
MICHAEL KORS HLDGS LTD SHS G60754101 1,058 14,200 SH   SOLE   0 0 0
SINA CORP ORD G81477104 758 9,344 SH   SOLE   0 0 0
AK STL HLDG CORP COM 001547108 345 92,072 SH   SOLE   0 0 0
ALCOA INC COM 013817101 6,286 774,143 SH   SOLE   0 0 0
AMARIN CORP PLC SPONS ADR NEW 023111206 373 59,043 SH   SOLE   0 0 0
AMAZON INC COM 023135106 6,418 20,527 SH   SOLE   0 0 0
AMERISOURCEBERGEN CORP COM 03073E105 249 4,073 SH   SOLE   0 0 0
AMGEN INC COM 031162100 228 2,039 SH   SOLE   0 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 245 18,414 SH   SOLE   0 0 0
APPLE INC COM 037833100 12,652 26,538 SH   SOLE   0 0 0
APPLIED MATLS INC COM 038222105 1,301 74,231 SH   SOLE   0 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 620 45,327 SH   SOLE   0 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 217 5,877 SH   SOLE   0 0 0
BCE INC COM NEW 05534B760 2,851 66,758 SH   SOLE   0 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 1,180 85,016 SH   SOLE   0 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 558 49,891 SH   SOLE   0 0 0
BANCO SANTANDER SA ADR 05964H105 544 66,574 SH   SOLE   0 0 0
BANK OF AMERICA CORPORATION COM 060505104 16,332 1,183,480 SH   SOLE   0 0 0
BAXTER INTL INC COM 071813109 1,072 16,315 SH   SOLE   0 0 0
BECTON DICKINSON & CO COM 075887109 397 3,968 SH   SOLE   0 0 0
BED BATH & BEYOND INC COM 075896100 232 2,996 SH   SOLE   0 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 998 8,791 SH   SOLE   0 0 0
BLACKBERRY LTD COM COM 09228F103 2,519 317,030 SH   SOLE   0 0 0
BRASKEM S A SP ADR PFD A 105532105 589 36,921 SH   SOLE   0 0 0
CDN IMPERIAL BK OF COMMERCE COM 136069101 226 2,837 SH   SOLE   0 0 0
CANADIAN NATL RY CO COM 136375102 346 3,413 SH   SOLE   0 0 0
CENTURYLINK INC COM 156700106 940 29,967 SH   SOLE   0 0 0
CHURCH & DWIGHT INC COM 171340102 427 7,118 SH   SOLE   0 0 0
CLIFFS NAT RES INC COM 18683K101 3,417 166,664 SH   SOLE   0 0 0
COBALT INTL ENERGY INC COM 19075F106 369 14,862 SH   SOLE   0 0 0
COLGATE PALMOLIVE CO COM 194162103 577 9,732 SH   SOLE   0 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 4,001 936,017 SH   SOLE   0 0 0
CONSOLIDATED EDISON INC COM 209115104 504 9,132 SH   SOLE   0 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 333 10,886 SH   SOLE   0 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 473 8,099 SH   SOLE   0 0 0
DEERE & CO COM 244199105 2,024 24,868 SH   SOLE   0 0 0
DELL INC COM 24702R101 1,029 74,805 SH   SOLE   0 0 0
DENDREON CORP COM 24823Q107 1,835 626,197 SH   SOLE   0 0 0
DEVON ENERGY CORP NEW COM 25179M103 1,219 21,103 SH   SOLE   0 0 0
DIREXION SHS ETF TR DLY EMRGMKT BULL 25459Y686 990 37,116 SH   SOLE   0 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 1,927 32,913 SH   SOLE   0 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 433 7,007 SH   SOLE   0 0 0
FOREST OIL CORP COM PAR $0.01 346091705 247 40,439 SH   SOLE   0 0 0
FOSSIL GROUP INC COM 34988V106 476 4,091 SH   SOLE   0 0 0
GAFISA S A SPONS ADR 362607301 134 41,869 SH   SOLE   0 0 0
GERDAU S A SPON ADR REP PFD 373737105 1,306 175,004 SH   SOLE   0 0 0
GOL LINHAS AEREAS INTLG S A SP ADR REP PFD 38045R107 469 95,993 SH   SOLE   0 0 0
GOLDCORP INC NEW COM 380956409 1,032 39,684 SH   SOLE   0 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 8,013 50,648 SH   SOLE   0 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 2,816 125,438 SH   SOLE   0 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 1,654 53,728 SH   SOLE   0 0 0
HOME DEPOT INC COM 437076102 2,352 31,011 SH   SOLE   0 0 0
HONEYWELL INTL INC COM 438516106 498 5,998 SH   SOLE   0 0 0
ICICI BK LTD ADR 45104G104 2,537 83,234 SH   SOLE   0 0 0
INFOSYS LTD SPONSORED ADR 456788108 2,337 48,576 SH   SOLE   0 0 0
ISHARES INC MSCI BRAZIL CAPP 464286400 7,676 160,217 SH   SOLE   0 0 0
ISHARES INC MSCI PAC J IDX 464286665 1,763 36,998 SH   SOLE   0 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 1,648 44,457 SH   SOLE   0 0 0
ISHARES TR MSCI EMERG MKT 464287234 15,696 385,136 SH   SOLE   0 0 0
ISHARES TR S&P LTN AM 40 464287390 369 9,646 SH   SOLE   0 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 1,473 70,475 SH   SOLE   0 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 963 68,187 SH   SOLE   0 0 0
JABIL CIRCUIT INC COM 466313103 212 9,772 SH   SOLE   0 0 0
JOHNSON & JOHNSON COM 478160104 6,150 70,937 SH   SOLE   0 0 0
KELLOGG CO COM 487836108 539 9,183 SH   SOLE   0 0 0
KINDER MORGAN INC DEL COM 49456B101 608 17,091 SH   SOLE   0 0 0
KINROSS GOLD CORP COM NO PAR 496902404 306 60,556 SH   SOLE   0 0 0
KRAFT FOODS GROUP INC COM 50076Q106 255 4,868 SH   SOLE   0 0 0
LIFE TECHNOLOGIES CORP COM 53217V109 215 2,873 SH   SOLE   0 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 3,286 131,338 SH   SOLE   0 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 6,579 233,480 SH   SOLE   0 0 0
MCDONALDS CORP COM 580135101 217 2,253 SH   SOLE   0 0 0
MEDTRONIC INC COM 585055106 473 8,891 SH   SOLE   0 0 0
MICROSOFT CORP COM 594918104 2,799 84,110 SH   SOLE   0 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 372 16,708 SH   SOLE   0 0 0
MOLYCORP INC DEL COM 608753109 2,362 360,040 SH   SOLE   0 0 0
MONDELEZ INTL INC CL A 609207105 1,342 42,699 SH   SOLE   0 0 0
MOSAIC CO NEW COM 61945C103 2,250 52,309 SH   SOLE   0 0 0
NEWMONT MINING CORP COM 651639106 717 25,524 SH   SOLE   0 0 0
NIKE INC CL B 654106103 239 3,292 SH   SOLE   0 0 0
NOKIA CORP SPONSORED ADR 654902204 120 18,379 SH   SOLE   0 0 0
NORTHROP GRUMMAN CORP COM 666807102 1,077 11,301 SH   SOLE   0 0 0
NVIDIA CORP COM 67066G104 394 25,346 SH   SOLE   0 0 0
PEABODY ENERGY CORP COM 704549104 360 20,856 SH   SOLE   0 0 0
PEPSICO INC COM 713448108 214 2,696 SH   SOLE   0 0 0
PLUM CREEK TIMBER CO INC COM 729251108 267 5,693 SH   SOLE   0 0 0
POTASH CORP SASK INC COM 73755L107 450 14,392 SH   SOLE   0 0 0
PROTECTIVE LIFE CORP COM 743674103 265 6,222 SH   SOLE   0 0 0
QUALCOMM INC COM 747525103 800 11,889 SH   SOLE   0 0 0
RADIOSHACK CORP COM 750438103 173 50,741 SH   SOLE   0 0 0
RALPH LAUREN CORP CL A 751212101 1,088 6,607 SH   SOLE   0 0 0
RIO TINTO PLC SPONSORED ADR 767204100 917 18,797 SH   SOLE   0 0 0
ROCKWELL COLLINS INC COM 774341101 393 5,792 SH   SOLE   0 0 0
ROSS STORES INC COM 778296103 523 7,189 SH   SOLE   0 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,529 26,955 SH   SOLE   0 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 463 3,610 SH   SOLE   0 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 691 10,487 SH   SOLE   0 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 215 5,873 SH   SOLE   0 0 0
SEARS HLDGS CORP COM 812350106 404 6,792 SH   SOLE   0 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 287 3,457 SH   SOLE   0 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 202 10,172 SH   SOLE   0 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,416 30,511 SH   SOLE   0 0 0
SEQUENOM INC COM NEW 817337405 1,828 684,548 SH   SOLE   0 0 0
SILVER WHEATON CORP COM 828336107 509 20,569 SH   SOLE   0 0 0
SOUTHERN CO COM 842587107 603 14,632 SH   SOLE   0 0 0
SPECTRA ENERGY CORP COM 847560109 223 6,527 SH   SOLE   0 0 0
STERICYCLE INC COM 858912108 477 4,131 SH   SOLE   0 0 0
SUNTECH PWR HLDGS CO LTD ADR 86800C104 112 66,103 SH   SOLE   0 0 0
TARGET CORP COM 87612E106 216 3,374 SH   SOLE   0 0 0
3M CO COM 88579Y101 1,739 14,566 SH   SOLE   0 0 0
TRACTOR SUPPLY CO COM 892356106 273 4,068 SH   SOLE   0 0 0
TRAVELERS COMPANIES INC COM 89417E109 486 5,735 SH   SOLE   0 0 0
TRINITY INDS INC COM 896522109 228 5,031 SH   SOLE   0 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,873 20,495 SH   SOLE   0 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 761 20,661 SH   SOLE   0 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,308 21,410 SH   SOLE   0 0 0
UNITEDHEALTH GROUP INC COM 91324P102 209 2,923 SH   SOLE   0 0 0
VALE S A ADR 91912E105 22,078 1,414,320 SH   SOLE   0 0 0
VERIFONE SYS INC COM 92342Y109 1,172 51,273 SH   SOLE   0 0 0
VIVUS INC COM 928551100 944 101,452 SH   SOLE   0 0 0
WAL-MART STORES INC COM 931142103 955 12,911 SH   SOLE   0 0 0
WASTE MGMT INC DEL COM 94106L109 1,215 29,451 SH   SOLE   0 0 0
WELLS FARGO & CO NEW COM 949746101 3,159 76,454 SH   SOLE   0 0 0
WISDOMTREE TRUST INDIA ERNGS FD 97717W422 1,012 66,061 SH   SOLE   0 0 0
WYNN RESORTS LTD COM 983134107 274 1,731 SH   SOLE   0 0 0
ZIONS BANCORPORATION COM 989701107 230 8,378 SH   SOLE   0 0 0