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
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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
3M Co. COM 88579Y101 6,445 58,940 SH   SOLE   50,190 0 8,750
AT&T COM 00206R102 6,253 176,635 SH   SOLE   50,902 0 25,733
AbbVie Inc. COM 00287Y109 3,780 91,440 SH   SOLE   78,845 0 12,595
Abbott Laboratories COM 002824100 205 5,890 SH   SOLE   5,890 0 0
Abraxas Petroleum Corp. COM 003830106 52 25,000 SH   SOLE   0 0 25,000
Aflac, Inc. COM 001055102 4,229 72,770 SH   SOLE   63,320 0 9,450
Alexco Resource Corp. COM 01535P106 18 16,000 SH   SOLE   0 0 16,000
Anadarko Petroleum Corp. COM 032511107 5,932 69,029 SH   SOLE   60,454 0 8,575
Apache Corp. COM 037411105 2,720 32,445 SH   SOLE   28,115 0 4,330
Apple Inc. COM 037833100 3,358 8,468 SH   SOLE   6,912 0 1,556
Autoliv, Inc. COM 052800109 5,435 70,225 SH   SOLE   61,565 0 8,660
Bank of America Corp. COM 060505104 5,151 400,570 SH   SOLE   66,695 0 33,875
Bard, C.R. COM 067383109 294 2,708 SH   SOLE   2,708 0 0
Barrick Gold Corp. COM 067901108 1,707 108,480 SH   SOLE   94,880 0 13,600
Berkshire Hathaway Cl B COM 084670207 604 5,400 SH   SOLE   1,750 0 3,650
Capital One Financial Corp. COM 14040H105 5,890 93,770 SH   SOLE   82,695 0 11,075
Central Fund of Canada Ltd COM 153501101 178 13,100 SH   SOLE   5,100 0 8,000
Chevron Corp. COM 166764100 5,750 48,588 SH   SOLE   42,978 0 5,610
Cisco Systems Inc. COM 17275R102 8,190 336,540 SH   SOLE   91,540 0 45,000
Claude Resources, Inc. COM 182873109 3 15,000 SH   SOLE   0 0 15,000
Coca-Cola Company COM 191216100 3,724 92,850 SH   SOLE   64,310 0 28,540
Colgate Palmolive COM 194162103 430 7,500 SH   SOLE   5,100 0 2,400
Comerica Inc COM 200340107 243 6,100 SH   SOLE   6,100 0 0
Conagra Foods Inc. COM 205887102 5,899 168,870 SH   SOLE   46,140 0 22,730
Cummins Inc. COM 231021106 4,876 44,955 SH   SOLE   38,015 0 6,940
Dejour Enterprise Ltd. COM 24486R103 15 75,000 SH   SOLE   0 0 75,000
Denison Mines Corp. COM 248356107 12 10,000 SH   SOLE   0 0 10,000
Disney Co COM 254687106 240 3,800 SH   SOLE   3,800 0 0
Dow Chemical COM 260543103 5,648 175,555 SH   SOLE   52,105 0 23,450
Dupont COM 263534109 250 4,760 SH   SOLE   2,060 0 2,700
Dynacor Gold Mines, Inc. COM 26779X101 10 10,000 SH   SOLE   0 0 10,000
EMC Corp. COM 268648102 2,925 123,820 SH   SOLE   97,645 0 26,175
Emerson Electric Company COM 291011104 240 4,400 SH   SOLE   4,400 0 0
Endeavour Silver Corp. COM 29258Y103 69 20,000 SH   SOLE   0 0 20,000
Energy Fuels Inc. COM 292671104 2 11,060 SH   SOLE   0 0 11,060
Ensco International, Inc. COM G3157S106 4,081 70,220 SH   SOLE   60,400 0 9,820
Enterprise Products Prtns LP COM 293792107 216 3,474 SH   SOLE   1,860 0 1,614
Exxon Mobil Corp. COM 30231G102 1,987 21,987 SH   SOLE   10,975 0 11,012
FedEx Corp. COM 31428X106 5,669 57,510 SH   SOLE   49,415 0 8,095
General Electric COM 369604103 7,330 316,066 SH   SOLE   65,381 0 50,685
Goldcorp, Inc. COM 380956409 643 26,000 SH   SOLE   0 0 26,000
Grainger W.W. COM 384802104 939 3,725 SH   SOLE   0 0 3,725
Great Panther Silver Ltd. COM 39115V101 15 20,000 SH   SOLE   0 0 20,000
Hecla Mining Co. COM 422704106 89 29,976 SH   SOLE   0 0 29,976
Honeywell International, Inc. COM 438516106 254 3,200 SH   SOLE   3,200 0 0
Huntington Bancshares Inc. COM 446150104 99 12,589 SH   SOLE   1,000 0 11,589
IAMGOLD Corporation COM 450913108 52 12,000 SH   SOLE   0 0 12,000
IBM COM 459200101 2,599 13,602 SH   SOLE   10,647 0 2,955
Intel Corp. COM 458140100 5,135 211,908 SH   SOLE   79,758 0 32,150
JPMorgan Chase & Co. COM 46625H100 7,347 139,166 SH   SOLE   20,161 0 19,005
Kaminak Gold Corp. COM 48356P202 8 10,000 SH   SOLE   0 0 10,000
Kellogg Company COM 487836108 270 4,200 SH   SOLE   2,400 0 1,800
Keycorp New COM 493267108 4,723 427,845 SH   SOLE   71,670 0 56,175
Kodiak Oil & Gas Corp. COM 50015Q100 178 20,000 SH   SOLE   0 0 20,000
Kohl's Corp. COM 500255104 5,087 100,710 SH   SOLE   86,895 0 13,815
Marsh & McLennan COM 571748102 3,213 80,490 SH   SOLE   70,265 0 10,225
Mart Resources, Inc. COM 572903102 14 10,000 SH   SOLE   0 0 10,000
McDonalds Corp. COM 580135101 742 7,500 SH   SOLE   3,400 0 4,100
Merck & Company COM 58933Y105 393 8,460 SH   SOLE   1,660 0 6,800
Microsoft Corp. COM 594918104 6,255 181,075 SH   SOLE   41,675 0 39,400
Morgan Stanley COM 617446448 3,628 148,490 SH   SOLE   29,765 0 18,725
Mylan Inc. COM 628530107 8,017 258,367 SH   SOLE   23,217 0 35,150
New Gold Inc. COM 644535106 225 35,000 SH   SOLE   0 0 35,000
Newmont Mining Corp. COM 651639106 1,593 53,205 SH   SOLE   42,325 0 10,880
News Corporation COM 65249B109 6,614 203,020 SH   SOLE   76,420 0 26,600
Oracle Corp. COM 68389X105 5,213 169,762 SH   SOLE   48,337 0 21,425
Pengrowth Energy Corp COM 70706P104 89 18,000 SH   SOLE   0 0 18,000
Pfizer COM 717081103 698 24,915 SH   SOLE   2,975 0 21,940
Platinum Group Metals Ltd. COM 72765Q205 9 10,000 SH   SOLE   0 0 10,000
Prophecy Coal Corp. COM 74345B104 9 80,000 SH   SOLE   0 0 80,000
Prophecy Platinum Corp. COM 74345Y104 7 13,000 SH   SOLE   0 0 13,000
Royal Dutch Shell PLC - Class COM 780259206 537 8,414 SH   SOLE   14 0 8,400
Royal Dutch Shell PLC Cl B-ADR COM 780259107 4,974 75,060 SH   SOLE   63,813 0 11,247
Rye Patch Gold Corp COM 783727100 3 15,000 SH   SOLE   0 0 15,000
Seadrill Ltd. COM G7945E105 254 6,230 SH   SOLE   0 0 6,230
Silver Wheaton Corp. COM 828336107 197 10,000 SH   SOLE   0 0 10,000
Silvercorp Metals Inc. COM 82835P103 76 27,000 SH   SOLE   0 0 27,000
Sprott Resource Lending Corp. COM 85207J100 13 10,000 SH   SOLE   0 0 10,000
Star Gas Partners, L.P. COM 85512C105 49 10,000 SH   SOLE   0 0 10,000
Statoil ASA-Spon Adr COM 85771p102 248 12,000 SH   SOLE   5,000 0 7,000
Stryker Corp. COM 863667101 6,094 94,212 SH   SOLE   81,352 0 12,860
Symantec Corp. COM 871503108 5,731 254,955 SH   SOLE   21,170 0 33,785
Taseko Mines Ltd. COM 876511106 28 15,000 SH   SOLE   0 0 15,000
U.S. Bancorp COM 902973304 5,206 144,000 SH   SOLE   24,785 0 19,215
US Silver & Gold Inc. COM 90346L107 8 13,400 SH   SOLE   0 0 13,400
United Health Group Inc. COM 91324P102 5,832 89,070 SH   SOLE   77,400 0 11,670
Verizon Communications COM 92343V104 7,363 146,268 SH   SOLE   24,988 0 21,280
W.R. Berkley Corp. COM 084423102 2,526 61,830 SH   SOLE   57,105 0 4,725
WalMart Stores COM 931142103 5,605 75,247 SH   SOLE   64,777 0 10,470