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 2,908 53,429 SH   SOLE   53,429 0 0
ANNALY CAP MGMT INC COM 035710409 1,194 114,500 SH   SOLE   114,500 0 0
APACHE CORP COM 037411105 1,820 47,294 SH   SOLE   47,294 0 0
AT&T INC COM 00206r102 1,233 34,575 SH   SOLE   34,575 0 0
BANCO SANTANDER SA ADR 05964h105 942 143,753 SH   SOLE   143,753 0 0
CHESAPEAKE ENERGY CORP COM 165167107 826 273,350 SH   SOLE   273,350 0 0
CHINA AUTOMOTIVE SYS INC COM 16936r105 174 37,157 SH   SOLE   37,157 0 0
CHINA XD PLASTICS CO LTD COM 16948f107 657 154,669 SH   SOLE   154,669 0 0
CITIGROUP INC COM NEW 172967424 2,946 43,650 SH   SOLE   43,650 0 0
DEVON ENERGY CORP NEW COM 25179M103 2,145 67,480 SH   SOLE   67,480 0 0
ENSCO PLC SHS CLASS A g3157s106 1,160 264,125 SH   SOLE   264,125 0 0
FREEPORT-MCMORAN INC CL B 35671D857 4,464 254,080 SH   SOLE   254,080 0 0
GENERAL ELECTRIC CO COM 369604103 2,492 184,875 SH   SOLE   184,875 0 0
GLOBAL X FDS MSCI GREECE ETF 37950e366 123 12,650 SH   SOLE   12,650 0 0
GOLDCORP INC NEW COM 380956409 1,845 133,475 SH   SOLE   133,475 0 0
ISHARES INC MSCI SWEDEN ETF 464286756 698 20,850 SH   SOLE   20,850 0 0
ISHARES INC MSCI SPAIN ETF 464286764 387 11,915 SH   SOLE   11,915 0 0
ISHARES INC MSCI GERMANY ETF 464286806 1,070 33,400 SH   SOLE   33,400 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 1,376 22,675 SH   SOLE   22,675 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 1,368 28,950 SH   SOLE   28,950 0 0
MCEWEN MNG INC COM 58039P107 3,602 1,731,900 SH   SOLE   1,731,900 0 0
PFIZER INC COM 717081103 4,872 137,290 SH   SOLE   137,290 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 2,583 74,796 SH   SOLE   74,796 0 0
TOTAL S A SPONSORED ADR 89151E109 540 9,365 SH   SOLE   9,365 0 0
TRANSCANADA CORP COM 89353d107 304 7,350 SH   SOLE   7,350 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 3,179 144,650 SH   SOLE   144,650 0 0
VANECK VECTORS ETF TR VIETNAM ETF 92189f817 270 13,800 SH   SOLE   13,800 0 0
VIACOM INC NEW CL B 92553p201 3,791 122,050 SH   SOLE   122,050 0 0