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
AMERICAN INTL GROUP INC COM NEW 026874784 2,824 46,009 SH   SOLE   46,009 0 0
ANNALY CAP MGMT INC COM 035710409 2,857 234,375 SH   SOLE   234,375 0 0
AT&T INC COM 00206r102 1,363 34,800 SH   SOLE   34,800 0 0
BANCO SANTANDER SA ADR 05964h105 947 136,453 SH   SOLE   136,453 0 0
BARRICK GOLD CORP COM 067901108 3,284 204,100 SH   SOLE   204,100 0 0
CHESAPEAKE ENERGY CORP COM 165167107 1,902 442,400 SH   SOLE   442,400 0 0
CHINA AUTOMOTIVE SYS INC COM 16936r105 243 46,807 SH   SOLE   46,807 0 0
CHINA XD PLASTICS CO LTD COM 16948f107 601 127,972 SH   SOLE   127,972 0 0
CITIGROUP INC COM NEW 172967424 3,191 43,875 SH   SOLE   43,875 0 0
DEVON ENERGY CORP NEW COM 25179M103 2,411 65,680 SH   SOLE   65,680 0 0
ENSCO PLC SHS CLASS A g3157s106 1,428 239,250 SH   SOLE   239,250 0 0
FREEPORT-MCMORAN INC CL B 35671D857 4,285 305,230 SH   SOLE   305,230 0 0
GAMESTOP CORP NEW CL A 36467w109 1,218 58,950 SH   SOLE   58,950 0 0
GENERAL ELECTRIC CO COM 369604103 2,319 95,911 SH   SOLE   95,911 0 0
GLOBAL X FDS MSCI GREECE ETF 37950e366 120 12,650 SH   SOLE   12,650 0 0
ISHARES INC MSCI SWEDEN ETF 464286756 762 21,225 SH   SOLE   21,225 0 0
ISHARES INC MSCI SPAN CP ETF 464286764 402 11,915 SH   SOLE   11,915 0 0
ISHARES INC MSCI GERMANY ETF 464286806 866 26,700 SH   SOLE   26,700 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 1,208 21,675 SH   SOLE   21,675 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 1,299 29,500 SH   SOLE   29,500 0 0
MCEWEN MNG INC COM 58039P107 2,020 1,035,850 SH   SOLE   1,035,850 0 0
PFIZER INC COM 717081103 4,981 139,515 SH   SOLE   139,515 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 118 15,000 SH   SOLE   15,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 2,632 75,146 SH   SOLE   75,146 0 0
TRANSCANADA CORP COM 89353d107 363 7,350 SH   SOLE   7,350 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 3,336 145,300 SH   SOLE   145,300 0 0
VANECK VECTORS ETF TR VIETNAM ETF 92189f817 206 13,800 SH   SOLE   13,800 0 0
VIACOM INC NEW CL B 92553p201 1,978 71,050 SH   SOLE   71,050 0 0