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
HUDSON CITY BANCORP INC COM 443683107 173,587 19,200 SH   SOLE   19,200 0 0
BERKSHIRE HATHAWAY INC-CL B COM 084670702 276,396 2,435 SH   SOLE   2,435 0 0
WELLS FARGO & CO COM 949746101 725,166 17,550 SH   SOLE   17,550 0 0
BANK OF AMERICA CORP COM 060505104 456,973 33,114 SH   SOLE   33,114 0 0
HOME DEPOT INC COM 437076102 352,019 4,641 SH   SOLE   4,641 0 0
IAMGOLD CORP COM 450913108 167,176 35,195 SH   SOLE   35,195 0 0
B2GOLD CORP COM 11777Q209 173,728 70,052 SH   SOLE   70,052 0 0
NEWCASTLE INVESTMENT CORP COM 65105M108 144,434 25,700 SH   SOLE   25,700 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 26,759,456 159,273 SH   SOLE   159,273 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 275,217 922 SH Put SOLE   922 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 1,027,017 2,100 SH Put SOLE   2,100 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 1,220,217 2,100 SH Call SOLE   2,100 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 1,243,119 132 SH Put SOLE   132 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 1,363,386 498 SH Call SOLE   498 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 1,552,512 1,422 SH Call SOLE   1,422 0 0
ONYX PHARMACEUTICALS INC COM 683399109 3,865,700 31,000 SH   SOLE   31,000 0 0
WALT DISNEY CO/THE COM 254687106 1,015,266 15,743 SH   SOLE   15,743 0 0
HEWLETT-PACKARD CO COM 428236103 201,063 9,579 SH   SOLE   9,579 0 0
ORACLE CORP COM 68389X105 279,026 8,412 SH   SOLE   8,412 0 0
CIA DE MINAS BUENAVENTUR-ADR COM 204448104 209,609 17,900 SH   SOLE   17,900 0 0
JPMORGAN CHASE & CO COM 46625H100 368,808 7,135 SH   SOLE   7,135 0 0
HARMONY GOLD MNG-SPON ADR COM 413216300 139,120 41,160 SH   SOLE   41,160 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 65,116 14,600 SH   SOLE   14,600 0 0
PNC FINANCIAL SERVICES-CW18 WTS 693475121 2,859,379 185,674 SH   SOLE   185,674 0 0
CATERPILLAR INC COM 149123101 399,235 4,787 SH   SOLE   4,787 0 0
STRAIGHT PATH COMM- B COM 862578101 128,344 24,400 SH   SOLE   24,400 0 0
INTL BUSINESS MACHINES CORP COM 459200101 381,100 2,058 SH   SOLE   2,058 0 0
ISHARES US REAL ESTATE ETF ETF 464287739 1,347 245 SH Call SOLE   245 0 0
NEWS CORP - CLASS A COM 65249B109 358,941 22,350 SH   SOLE   22,350 0 0
MERCK & CO. INC. COM 58933Y105 508,368 10,678 SH   SOLE   10,678 0 0
GOLD FIELDS LTD-SPONS ADR COM 38059T106 341,772 74,786 SH   SOLE   74,786 0 0
CHIMERA INVESTMENT CORP COM 16934Q109 851,200 280,000 SH   SOLE   280,000 0 0
NEWMONT MINING CORP COM 651639106 284,793 10,135 SH   SOLE   10,135 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 134,385 11,331 SH   SOLE   11,331 0 0
TCF FINANCIAL CORP-CW18 WTS 872275128 322,575 144,200 SH   SOLE   144,200 0 0
ROYAL GOLD INC COM 780287108 280,524 5,765 SH   SOLE   5,765 0 0
CAPITAL ONE FINANCIAL C-CW18 WTS 14040H139 727,250 25,000 SH   SOLE   25,000 0 0
AGNICO EAGLE MINES LTD COM 008474108 243,947 9,216 SH   SOLE   9,216 0 0
GOLDEN STAR RESOURCES LTD COM 38119T104 33,004 82,511 SH   SOLE   82,511 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 218,329 1,380 SH   SOLE   1,380 0 0
CITIGROUP INC COM 172967424 325,017 6,700 SH   SOLE   6,700 0 0
NEW GOLD INC COM 644535106 243,320 40,689 SH   SOLE   40,689 0 0
FINANCIAL SELECT SECTOR SPDR ETF 81369Y605 203,031 10,200 SH   SOLE   10,200 0 0
GASTAR EXPLORATION LTD COM 367299203 43,845 11,100 SH   SOLE   11,100 0 0
SCIENCE APPLICATIONS INTE COM 808625107 460,991 13,659 SH   SOLE   13,659 0 0
BANCO SANTANDER SA-SPON ADR COM 05964H105 124,184 15,200 SH   SOLE   15,200 0 0
ELDORADO GOLD CORP COM 284902103 249,283 37,151 SH   SOLE   37,151 0 0
RITE AID CORP COM 767754104 249,424 52,400 SH   SOLE   52,400 0 0
ISHARES MSCI EMERGING MARKET ETF 464287234 146,718 3,600 SH   SOLE   3,600 0 0
ISHARES MSCI EMERGING MARKET ETF 464287234 119,250 500 SH Call SOLE   500 0 0
ISHARES MSCI EMERGING MARKET ETF 464287234 125,856 36 SH Put SOLE   36 0 0
COMERICA INC-CW18 WTS 200340115 2,553,940 184,400 SH   SOLE   184,400 0 0
INVESCO MORTGAGE CAPITAL COM 46131B100 230,850 15,000 SH   SOLE   15,000 0 0
AT&T INC COM 00206R102 225,477 6,667 SH   SOLE   6,667 0 0
SANOFI CVR COM 80105N113 153,116 75,800 SH   SOLE   75,800 0 0
SIRIUS XM RADIO INC COM 82967N108 106,562 27,500 SH   SOLE   27,500 0 0
RANDGOLD RESOURCES LTD-ADR COM 752344309 202,429 2,830 SH   SOLE   2,830 0 0
FIRST NIAGARA FINANCIAL GRP COM 33582V108 142,338 13,726 SH   SOLE   13,726 0 0
FOREST OIL CORP COM 346091705 92,110 15,100 SH   SOLE   15,100 0 0
SHANDA GAMES LTD-SPONS ADR COM 81941U105 90,321 23,100 SH   SOLE   23,100 0 0
RF MICRO DEVICES INC COM 749941100 92,496 16,400 SH   SOLE   16,400 0 0
VALLEY NATIONAL BANCORP-CW18 WTS 919794131 50,160 76,000 SH   SOLE   76,000 0 0
EXXON MOBIL CORP COM 30231G102 426,758 4,960 SH   SOLE   4,960 0 0
HECLA MINING CO COM 422704106 74,295 23,661 SH   SOLE   23,661 0 0
AMERICAN EXPRESS CO COM 025816109 320,280 4,241 SH   SOLE   4,241 0 0
SYNOVUS FINANCIAL CORP COM 87161C105 61,710 18,700 SH   SOLE   18,700 0 0
ELAN CORP PLC -SPONS ADR COM 284131208 215,004 13,800 SH   SOLE   13,800 0 0
ALLIANZGI CONVERTIBLE & INCO ETF 018828103 123,533 13,100 SH   SOLE   13,100 0 0
PARKER DRILLING CO COM 701081101 64,980 11,400 SH   SOLE   11,400 0 0
YONGYE INTERNATIONAL INC COM 98607B106 87,248 16,400 SH   SOLE   16,400 0 0
GOLDCORP INC COM 380956409 419,749 16,138 SH   SOLE   16,138 0 0
TANZANIAN ROYALTY EXPLORATIO COM 87600U104 33,044 13,061 SH   SOLE   13,061 0 0
ADOBE SYSTEMS INC COM 00724F101 208,071 4,006 SH   SOLE   4,006 0 0
ALLIED NEVADA GOLD CORP COM 019344100 60,037 14,363 SH   SOLE   14,363 0 0
XEROX CORP COM 984121103 218,940 21,277 SH   SOLE   21,277 0 0
SILVER STANDARD RESOURCES COM 82823L106 144,408 23,481 SH   SOLE   23,481 0 0
APPLE INC COM 037833100 1,820,231 3,818 SH   SOLE   3,818 0 0
APPLE INC COM 037833100 5,512 15 SH Call SOLE   15 0 0
VISTA GOLD CORP COM 927926303 6,343 13,760 SH   SOLE   13,760 0 0
MURPHY OIL CORP COM 626717102 232,835 3,860 SH   SOLE   3,860 0 0
BARRICK GOLD CORP COM 067901108 360,948 19,385 SH   SOLE   19,385 0 0
NV ENERGY INC COM 67073Y106 236,100 10,000 SH   SOLE   10,000 0 0
MOTOROLA SOLUTIONS INC COM 620076307 234,610 3,951 SH   SOLE   3,951 0 0
MURPHY USA INC COM 626755102 323,523 8,010 SH   SOLE   8,010 0 0
DELL INC COM 24702R101 444,157 32,300 SH   SOLE   32,300 0 0
AURICO GOLD INC COM 05155C105 94,983 24,930 SH   SOLE   24,930 0 0
GENERAL ELECTRIC CO COM 369604103 359,687 15,056 SH   SOLE   15,056 0 0
WESTERN DIGITAL CORP COM 958102105 323,340 5,100 SH   SOLE   5,100 0 0
LIBERTY ALL STAR EQUITY FUND ETF 530158104 55,420 10,244 SH   SOLE   10,244 0 0
DIRECTV COM 25490A309 392,156 6,560 SH   SOLE   6,560 0 0
PENNYMAC MORTGAGE INVESTMENT COM 70931T103 226,800 10,000 SH   SOLE   10,000 0 0
ISHARES NATIONAL AMT-FREE MU ETF 464288414 720,354 6,894 SH   SOLE   6,894 0 0
ISHARES MSCI MEXICO CAPPED ETF 464286822 543,065 8,500 SH   SOLE   8,500 0 0
PAN AMERICAN SILVER CORP COM 697900108 149,599 14,180 SH   SOLE   14,180 0 0