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
ABERDEEN GTR CHINA FD INC COM 494550106 246 23,711 SH   DFND 1 23,711 0 0
BERKSHIRE HATHAWAY INC DEL CL A 464287507 5,586 27 SH   DFND 1 27 0 0
CREDIT SUISSE NASSAU BRH 3X LONG GOLD 22542D571 428 34,600 SH   DFND 1 34,600 0 0
CREDIT SUISSE NASSAU BRH ETN LKD 32 25459Y611 384 23,742 SH   DFND 1 23,742 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 464285105 968 25,299 SH   DFND 1 25,299 0 0
CREDIT SUISSE NASSAU BRH VS 3XLNGNATGAS 73935A104 154 42,559 SH   DFND 1 42,559 0 0
DIREXION SHS ETF TR DLY FIN BULL NEW 003031101 329 3,191 SH   DFND 1 3,191 0 0
DIREXION SHS ETF TR DLY S&P 500 BEAR 25459Y371 527 21,342 SH   DFND 1 21,342 0 0
DIREXION SHS ETF TR DLYFINBEAR3X NEW 464287655 326 19,615 SH   DFND 1 19,615 0 0
DIREXION SHS ETF TR GLD MNRS BEAR 3X 74347X625 491 17,301 SH   DFND 1 17,301 0 0
DIREXION SHS ETF TR DLY JR GMNR BEAR 74347R305 1,845 104,626 SH   DFND 1 104,626 0 0
DIREXION SHS ETF TR DLY JR GL MNR 3X 74347B300 704 59,600 SH   DFND 1 59,600 0 0
DIREXION SHS ETF TR DLY MIDCAP ETF3X 74348A335 282 3,390 SH   DFND 1 3,390 0 0
DIREXION SHS ETF TR DLY SC BEAR3XNEW 78462F103 588 34,731 SH   DFND 1 34,731 0 0
ISHARES GOLD TRUST ISHARES 084670108 1,022 87,309 SH   DFND 1 87,309 0 0
ISHARES TR CORE S&P MCP ETF 25459Y694 642 4,697 SH   DFND 1 4,697 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 846 20,355 SH   DFND 1 20,355 0 0
ISHARES TR RUSSELL 2000 ETF 74347R842 6,372 58,268 SH   DFND 1 58,268 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 57060U506 364 3,904 SH   DFND 1 3,904 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U100 250 11,177 SH   DFND 1 11,177 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 74348A319 1,312 61,451 SH   DFND 1 61,451 0 0
MARKET VECTORS ETF TR JR GOLD MINERS E 74347X823 3,233 96,162 SH   DFND 1 96,162 0 0
POWERSHARES QQQ TRUST UNIT SER 1 74347X799 14,510 146,879 SH   DFND 1 146,879 0 0
PROSHARES TR ULT R/EST NEW 22542D795 310 3,656 SH   DFND 1 3,656 0 0
PROSHARES TR ULTSHT RUSS2000 25459W235 291 5,911 SH   DFND 1 5,911 0 0
PROSHARES TR ULTRPRO DOW30 25459Y561 338 2,726 SH   DFND 1 2,726 0 0
PROSHARES TR PSHS ULTRUSS2000 25459Y488 578 7,621 SH   DFND 1 7,621 0 0
PROSHARES TR PSHS ULTRA DOW30 57061R544 213 1,732 SH   DFND 1 1,732 0 0
PROSHARES TR PSHS ULSHT SP500 74347R180 233 9,433 SH   DFND 1 9,433 0 0
PROSHARES TR ULTPRO SHT RUSS 81369Y506 481 11,100 SH   DFND 1 11,100 0 0
PROSHARES TR ULTR RUSSL2000 78462F103 338 4,637 SH   DFND 1 4,637 0 0
PROSHARES TR ULTR 7-10 TREA 78462F103 355 6,704 SH   DFND 1 6,704 0 0
PROSHARES TR II SHT VIX ST TRM 25459Y447 1,558 20,784 SH   DFND 1 20,784 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 22542D530 226 2,498 SH   DFND 1 2,498 0 0
SPDR S&P 500 ETF TR TR UNIT 74347W627 5,751 29,189 SH   DFND 1 29,189 0 0
SWISS HELVETIA FD INC COM 22542D688 138 10,235 SH   DFND 1 10,235 0 0
UNITED STATES NATL GAS FUND UNIT PAR $0.001 25459W730 682 30,832 SH   DFND 1 30,832 0 0