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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 1,727 10,020 SH   SOLE   10,020 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 63,491 250,544 SH   SOLE   250,544 0 0
ALPHABET INC CAP STK CL A 02079K305 2,872 2,727 SH   SOLE   2,727 0 0
ANGLOGOLD ASHANTI LTD SPONS ADR 035128206 33,482 3,288,642 SH   SOLE   3,288,642 0 0
APACHE CORP COM 037411105 844 20,000 SH   SOLE   20,000 0 0
APPLE INC COM 037833100 129,753 766,719 SH   SOLE   766,719 0 0
APTIV PLC SHS G6095L109 132,169 1,558,536 SH   SOLE   1,558,536 0 0
ARCH CAP GROUP LTD ORD G0450A105 545 6,000 SH   SOLE   6,000 0 0
AVON PRODS INC COM 054303102 107 50,000 SH   SOLE   50,000 0 0
BAKER HUGHES A GE CO CL A 05722G100 918 29,000 SH   SOLE   29,000 0 0
BARRICK GOLD CORP COM 067901108 50,564 3,494,462 SH   SOLE   3,493,547 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 993 5,000 SH   SOLE   5,000 0 0
BANK AMER CORP WEXP10/28/201 060505153 1,707 800,000 SH   SOLE   800,000 0 0
BLACKBERRY LTD COM 09228F103 1,592 142,500 SH   SOLE   142,500 0 0
CANADIAN SOLAR INC COM 136635109 21,872 1,298,119 SH   SOLE   1,298,119 0 0
CISCO SYS INC COM 17275R102 3,862 100,795 SH   SOLE   100,795 0 0
COEUR MNG INC COM NEW 192108504 6,169 822,242 SH   SOLE   822,242 0 0
COTY INC COM CL A 222070203 1,988 100,000 SH   SOLE   100,000 0 0
COWEN GROUP INC NEW CL A 223622606 215 15,705 SH   SOLE   15,705 0 0
DAVITA INC COM 23918K108 1,300 18,000 SH   SOLE   18,000 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 106,081 2,021,922 SH   SOLE   2,021,922 0 0
DIANA SHIPPING INC COM Y2066G104 1,232 303,887 SH   SOLE   303,887 0 0
DOWDUPONT INC COM 26078J100 1,063 14,916 SH   SOLE   14,916 0 0
DRDGOLD LIMITED SPON ADR REPSTG 26152H301 8,030 2,471,632 SH   SOLE   2,471,632 0 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 1,051 8,870 SH   SOLE   8,870 0 0
EXXON MOBIL CORP COM 30231G102 120,416 1,437,560 SH   SOLE   1,437,560 0 0
FOOT LOCKER INC COM 344849104 175,181 3,738,583 SH   SOLE   3,738,583 0 0
GENERAL ELECTRIC CO COM 369604103 2,372 135,800 SH   SOLE   135,800 0 0
GILEAD SCIENCES INC COM 375558103 959 13,394 SH   SOLE   13,394 0 0
Gold Fields Ltd SPONS ADR 38059T106 36,503 8,502,038 SH   SOLE   8,502,038 0 0
GOLDCORP INC NEW COM 380956409 30,137 2,361,781 SH   SOLE   2,361,781 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 2,098 1,125,555 SH   SOLE   1,125,555 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 6,217 279,390 SH   SOLE   279,390 0 0
HRG GROUP INC COM 40434J100 2,034 120,000 SH   SOLE   120,000 0 0
INGEVITY CORP COM 45688C107 1,017 14,438 SH   SOLE   14,438 0 0
INTERPUBLIC GROUP COS INC COM 460690100 1,250 62,000 SH   SOLE   62,000 0 0
JPMORGAN CHASE & CO COM 46625H100 85,415 797,073 SH   SOLE   797,073 0 0
KINROSS GOLD CORP COM NO PAR 496902404 102,342 23,721,621 SH   SOLE   2,832,198 0 0
LAMB WESTON HLDGS INC COM 513272104 82,255 1,457,555 SH   SOLE   1,457,555 0 0
LEIDOS HLDGS INC COM 525327102 1,175 18,200 SH   SOLE   18,200 0 0
LENNAR CORP CL A 526057104 27,273 431,380 SH   SOLE   431,380 0 0
LENNAR CORP CL B 526057302 275 5,311 SH   SOLE   5,311 0 0
LEUCADIA NATL CORP COM 527288104 79,243 2,991,998 SH   SOLE   2,991,998 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 1,082 32,000 SH   SOLE   32,000 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 528 26,547 SH   SOLE   26,547 0 0
M & T BK CORP COM 55261F104 5,017 29,350 SH   SOLE   29,350 0 0
MARSH & MCLENNAN COS INC COM 571748102 317 3,900 SH   SOLE   3,900 0 0
MATTEL INC COM 577081102 616 40,000 SH   SOLE   40,000 0 0
MCKESSON CORP COM 58155Q103 237,253 1,521,660 SH   SOLE   1,521,660 0 0
MICROSOFT CORP COM 594918104 40,782 476,627 SH   SOLE   476,627 0 0
NEWMONT MINING CORP COM 651639106 8,413 224,273 SH   SOLE   224,273 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,190 16,150 SH   SOLE   16,150 0 0
ORACLE CORP COM 68389X105 25,888 547,571 SH   SOLE   547,571 0 0
PERSHING GOLD CORP COM NEW 715302204 2,745 1,139,604 SH   SOLE   1,139,604 0 0
PHILLIPS 66 COM 718546104 87,863 868,318 SH   SOLE   868,318 0 0
PLATINUM GROUP METALS LTD COM 72765Q601 491 1,603,384 SH   SOLE   1,403,384 0 0
PROCTER & GAMBLE CO COM 742718109 1,065 11,575 SH   SOLE   11,575 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 355 5,200 SH   SOLE   5,200 0 0
SEACOR HOLDINGS INC COM 811904101 878 19,000 SH   SOLE   19,000 0 0
SEACOR MARINE HLDGS INC COM 78413P101 584 49,966 SH   SOLE   49,966 0 0
TENARIS S A SPONSORED ADR 88031M109 200,581 6,299,080 SH   SOLE   6,299,080 0 0
THOMSON REUTERS CORP COM 884903105 2,346 53,822 SH   SOLE   53,474 0 0
TWITTER INC COM 90184L102 283 11,800 SH   SOLE   11,800 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 36,091 1,588,070 SH   SOLE   1,588,070 0 0
BANCORP DEL COM NEW 902973304 124,756 2,327,741 SH   SOLE   2,327,741 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 2,106 90,749 SH   SOLE   90,749 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 1,325 38,827 SH   SOLE   38,827 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 833 15,721 SH   SOLE   15,721 0 0
WAL MART STORES INC COM 931142103 850 8,604 SH   SOLE   8,604 0 0
DISNEY WALT CO COM DISNEY 254687106 288,267 2,675,087 SH   SOLE   2,675,087 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 59,118 2,670,566 SH   SOLE   1,631,727 0 0
YUM BRANDS INC COM 988498101 571 7,000 SH   SOLE   7,000 0 0