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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABERCROMBIE & FITCH CO CL A 002896207   735,350 19,100 SH   SOLE   19,100 0 0
AGNICO EAGLE MINES LTD COM 008474108   178,556 5,902 SH   SOLE   5,902 0 0
ALTERA CORP COM 021441100   1,326,782 36,611 SH   SOLE   36,611 0 0
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206   223,064 13,060 SH   SOLE   13,060 0 0
APPLE INC COM 037833100   1,564,597 2,915 SH   SOLE   2,915 0 0
APPLIED MICRO CIRCUITS CORP COM NEW 03822W406   415,800 42,000 SH   SOLE   42,000 0 0
B2GOLD CORP COM 11777Q209   188,355 69,460 SH   SOLE   69,460 0 0
BARRICK GOLD CORP COM 067901108   478,322 26,889 SH   SOLE   26,889 0 0
CENTRAL EUROPEAN MEDIA ENTRP CL A NEW G20045202   14,700 5,000 SH   SOLE   5,000 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109   126,367 1,450 SH   SOLE   1,450 0 0
CISCO SYS INC COM 17275R102   4,177,223 186,400 SH   SOLE   186,400 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   166,225 13,224 SH   SOLE   13,224 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100   1,159,660 23,000 SH   SOLE   23,000 0 0
DISNEY WALT CO COM 254687106   846,179 10,568 SH   SOLE   10,568 0 0
ELDORADO GOLD CORP NEW COM 284902103   133,749 24,060 SH   SOLE   24,060 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103   129,406 13,430 SH   SOLE   13,430 0 0
FRANCO NEV CORP COM 351858105   189,871 4,135 SH   SOLE   4,135 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106   270,004 73,172 SH   SOLE   73,172 0 0
GOLDCORP INC NEW COM 380956409   435,663 17,871 SH   SOLE   17,871 0 0
GUESS INC COM 401617105   75,182 2,724 SH   SOLE   2,724 0 0
HARMONY GOLD MINING CO LTD SPONSORED ADR 413216300   90,042 29,522 SH   SOLE   29,522 0 0
HOLLYFRONTIER CORP COM 436106108   3,901,560 82,000 SH   SOLE   82,000 0 0
HONDA MOTOR LTD AMERN SHS 438128308   190,836 5,400 SH   SOLE   5,400 0 0
IAMGOLD CORP COM 450913108   169,100 48,092 SH   SOLE   48,092 0 0
INTEL CORP COM 458140100   931,224 36,080 SH   SOLE   36,080 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101   1,045,605 5,432 SH   SOLE   5,432 0 0
ISHARES TR MSCI EMG MKT ETF 464287234   11,981,991 292,315 SH   SOLE   0 0 292,315
ISHARES TR RUSSELL 2000 ETF 464287655   2,978,303 25,600 SH   SOLE   0 0 25,600
ISHARES TR CHINA LG-CAP ETF 464287184   988,887 27,638 SH   SOLE   0 0 27,638
KINROSS GOLD CORP COM 496902404   177,650 43,006 SH   SOLE   43,006 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105   58,275 3,700 SH   SOLE   3,700 0 0
MICHAEL KORS HLDGS LTD SHS G60754101   2,912,355 31,225 SH   SOLE   31,225 0 0
MICROSOFT CORP COM 594918104   3,185,947 77,725 SH   SOLE   77,725 0 0
NEW GOLD INC CDA COM 644535106   126,871 25,660 SH   SOLE   25,660 0 0
NEWMONT CORP COM 651639106   610,846 26,060 SH   SOLE   26,060 0 0
NVIDIA CORPORATION COM 67066G104   14,876,905 830,648 SH   SOLE   830,648 0 0
ORACLE CORP COM 68389X105   4,389,643 107,300 SH   SOLE   107,300 0 0
PAN AMERN SILVER CORP COM 697900108   268,455 20,859 SH   SOLE   20,859 0 0
PVH CORPORATION COM 693656100   1,294,488 10,375 SH   SOLE   10,375 0 0
QUALCOMM INC COM 747525103   3,848,367 48,800 SH   SOLE   48,800 0 0
RALPH LAUREN CORP CL A 751212101   699,562 4,347 SH   SOLE   4,347 0 0
ROYAL GOLD INC COM 780287108   218,856 3,495 SH   SOLE   3,495 0 0
SILVER WHEATON CORP COM 828336107   327,307 14,438 SH   SOLE   14,438 0 0
SKYWORKS SOLUTIONS INC COM 83088M102   3,395,559 90,500 SH   SOLE   90,500 0 0
TECK RESOURCES LTD CL B 878742204   194,103 9,000 SH   SOLE   9,000 0 0
VALERO ENERGY CORP COM 91913Y100   2,291,796 43,160 SH   SOLE   43,160 0 0
YAMANA GOLD INC COM 98462Y100   190,727 21,798 SH   SOLE   21,798 0 0