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
AGNICO EAGLE MINES LTD COM 008474108 1,928 70,011 SH   SOLE 70,011 0 0
BARRICK GOLD CORP COM 067901108 1,742 110,657 SH   SOLE 110,657 0 0
CENTRAL FD CDA LTD CL A 153501101 1,898 139,578 SH   SOLE 139,578 0 0
CENTRAL GOLDTRUST TR UNIT 153546106 486 10,990 SH   SOLE 10,990 0 0
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 1,462 1,833,300 SH Put SOLE 1,833,300 0 0
ELDORADO GOLD CORP NEW COM 284902103 1,782 288,284 SH   SOLE 288,284 0 0
GOLD RESOURCE CORP COM 38068T105 590 67,793 SH   SOLE 67,793 0 0
GOLDCORP INC NEW COM 380956409 1,895 76,626 SH   SOLE 76,626 0 0
ISHARES GOLD TRUST ISHARES 464285105 5,330 444,507 SH   SOLE 444,507 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 11,545 608,592 SH   SOLE 608,592 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 3,790 154,769 SH   SOLE 154,769 0 0
MICROSOFT CORP COM 594918104 3,919 113,456 SH   SOLE 113,456 0 0
NEW GOLD INC CDA COM 644535106 2,026 315,544 SH   SOLE 315,544 0 0
NEWMONT MINING CORP COM 651639106 1,934 64,570 SH   SOLE 64,570 0 0
PAN AMERICAN SILVER CORP COM 697900108 8,225 706,615 SH   SOLE 706,615 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 14,219 119,377 SH   SOLE 119,377 0 0
USA MOBILITY INC COM 90341G103 25,998 1,915,837 SH   SOLE 1,915,837 0 0
YAMANA GOLD INC COM 98462Y100 1,817 191,023 SH   SOLE 191,023 0 0