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
ARM Holdings plc COM 042068106 1,197 26,450 SH   SOLE   26,450 0 0
AT&T Corp. (New) COM 00206R102 1,736 50,445 SH   SOLE   50,445 0 0
AbbVie, Inc. COM 00287Y109 1,227 20,710 SH   SOLE   20,710 0 0
Abbott Laboratories COM 002824100 942 20,974 SH   SOLE   20,974 0 0
American Express COM 025816109 1,443 20,750 SH   SOLE   20,750 0 0
Anheuser Busch InBev COM 03524a108 1,038 8,300 SH   SOLE   8,300 0 0
Annaly Mortgage Management, In COM 035710409 209 22,266 SH   SOLE   22,266 0 0
Apple Computer COM 037833100 425 4,035 SH   SOLE   4,035 0 0
Avista (formerly Washington Wa COM 05379B107 255 7,200 SH   SOLE   7,200 0 0
Bristol-Myers Squibb COM 110122108 2,595 37,725 SH   SOLE   37,725 0 0
Bunge Ltd. COM G16962105 1,144 16,750 SH   SOLE   16,750 0 0
CSX Corp. COM 126408103 2,263 87,200 SH   SOLE   87,200 0 0
Chevron Corporation (fmly. Che COM 166764100 1,758 19,547 SH   SOLE   19,547 0 0
Clorox Co. COM 189054109 3,368 26,557 SH   SOLE   26,557 0 0
ConocoPhillips COM 20825C104 897 19,220 SH   SOLE   19,220 0 0
Copart Inc. COM 217204106 1,044 27,475 SH   SOLE   27,475 0 0
DNP Select Income Fund (fmly. COM 23325p104 914 101,978 SH   SOLE   101,978 0 0
Duke Energy COM 264399106 258 3,610 SH   SOLE   3,610 0 0
Duke-Weeks Realty Corp. COM 264411505 290 13,800 SH   SOLE   13,800 0 0
Edison International (formerly COM 281020107 284 4,800 SH   SOLE   4,800 0 0
Elements Rogers International COM 870297801 80 17,300 SH   SOLE   17,300 0 0
Engie (formerly GDF Suez S.A.) COM 29286D105 970 55,100 SH   SOLE   55,100 0 0
Essex Property Trust COM 297178105 2,103 8,783 SH   SOLE   8,783 0 0
ExxonMobil COM 30231g102 296 3,800 SH   SOLE   3,800 0 0
Frontier Communications COM 35906a108 179 38,340 SH   SOLE   38,340 0 0
General Electric COM 369604103 678 21,765 SH   SOLE   21,765 0 0
HCP, Inc. COM 40414L109 1,095 28,624 SH   SOLE   28,624 0 0
Hawaiian Electric COM 419870100 1,714 59,217 SH   SOLE   59,217 0 0
Healthcare Services Group, Inc COM 421906108 230 6,600 SH   SOLE   6,600 0 0
Intel Corp. COM 458140100 2,987 86,700 SH   SOLE   86,700 0 0
International Business Machine COM 459200101 688 4,996 SH   SOLE   4,996 0 0
Johnson & Johnson COM 478160104 1,035 10,075 SH   SOLE   10,075 0 0
Kimberly-Clark COM 494368103 1,655 13,000 SH   SOLE   13,000 0 0
Leggett & Platt, Inc. COM 524660107 719 17,100 SH   SOLE   17,100 0 0
Lilly, Eli COM 532457108 1,904 22,600 SH   SOLE   22,600 0 0
Lockheed Martin Corp. COM 539830109 1,211 5,575 SH   SOLE   5,575 0 0
Mattel, Inc. COM 577081102 704 25,900 SH   SOLE   25,900 0 0
Merck & Co. COM 589331107 3,170 60,008 SH   SOLE   60,008 0 0
Microchip Technology, Inc. COM 595017104 1,962 42,150 SH   SOLE   42,150 0 0
Microsoft COM 594918104 3,204 57,745 SH   SOLE   57,745 0 0
Open Joint Stock Co. Gazprom COM 368287207 361 98,300 SH   SOLE   98,300 0 0
Oracle Corp. COM 68389X105 913 25,000 SH   SOLE   25,000 0 0
Overstock.com COM 690370101 253 20,600 SH   SOLE   20,600 0 0
PG&E Corporation COM 69331C108 664 12,479 SH   SOLE   12,479 0 0
PPG Industries COM 693506107 226 2,282 SH   SOLE   2,282 0 0
Pepco Holdings, Inc. COM 737679100 979 37,650 SH   SOLE   37,650 0 0
Pepsico Inc. COM 713448108 1,711 17,123 SH   SOLE   17,123 0 0
Petroleo Brasileiro S.A. COM 71654v408 102 23,800 SH   SOLE   23,800 0 0
Pfizer Inc. COM 717081103 951 29,457 SH   SOLE   29,457 0 0
Phillips 66 COM 718546104 651 7,960 SH   SOLE   7,960 0 0
Plum Creek Timber Company, Inc COM 729251108 1,489 31,200 SH   SOLE   31,200 0 0
PowerShares QQQ Tr 1 (fmly. Na COM 73935a104 296 2,644 SH   SOLE   2,644 0 0
ProShares Short S&P 500 COM 74347R503 2,160 103,500 SH   SOLE   103,500 0 0
Procter & Gamble COM 742718109 14,253 179,481 SH   SOLE   179,481 0 0
Public Storage COM 74460D109 2,210 8,924 SH   SOLE   8,924 0 0
Qualcomm Inc. COM 747525103 716 14,314 SH   SOLE   14,314 0 0
Realty Income Corp. COM 756109104 279 5,400 SH   SOLE   5,400 0 0
Sanofi-Aventis SA COM 80105N105 1,085 25,434 SH   SOLE   25,434 0 0
Senior Housing Properties COM 81721M109 501 33,730 SH   SOLE   33,730 0 0
Southern Company COM 842587107 1,546 33,050 SH   SOLE   33,050 0 0
Statoil ASA COM 85771p102 503 36,000 SH   SOLE   36,000 0 0
Telefonica de Espana S.A. ADR COM 879382208 128 11,595 SH   SOLE   11,595 0 0
The Chef's Warehouse COM 163086101 360 21,600 SH   SOLE   21,600 0 0
The Herzfeld Caribbean Basin F COM 42804t106 116 17,550 SH   SOLE   17,550 0 0
Total S.A. ADR COM 89151E109 1,081 24,050 SH   SOLE   24,050 0 0
Unilever PLC COM 904767704 1,503 34,865 SH   SOLE   34,865 0 0
United Parcel Service COM 911312106 1,164 12,100 SH   SOLE   12,100 0 0
United Technologies COM 913017109 1,200 12,491 SH   SOLE   12,491 0 0
UnitedHealth Group Inc. COM 910581107 2,444 20,775 SH   SOLE   20,775 0 0
Ventas, Inc. COM 92276F100 976 17,300 SH   SOLE   17,300 0 0
Verizon Corporation COM 92343V104 1,132 24,487 SH   SOLE   24,487 0 0
ASA (Bermuda) Limited COM G3156P103 741 103,280 SH   SOLE   103,280 0 0
AngloGold Ashanti Ltd. COM 035128206 146 20,600 SH   SOLE   20,600 0 0
Barrick Gold Corporation COM 067901108 180 24,325 SH   SOLE   24,325 0 0
Central Fund of Canada Ltd. COM 153501101 2,468 247,064 SH   SOLE   247,064 0 0
Freeport McMoRan Inc. COM 35671D857 158 23,406 SH   SOLE   23,406 0 0
Goldcorp, Inc. COM 380956409 1,421 122,940 SH   SOLE   122,940 0 0
Hecla Mining COM 422704106 130 69,007 SH   SOLE   69,007 0 0
IAMGOLD Corporation COM 450913108 138 97,200 SH   SOLE   97,200 0 0
Kinross Gold Corporation COM 496902404 156 85,450 SH   SOLE   85,450 0 0
Newmont Mining COM 651639106 1,624 90,268 SH   SOLE   90,268 0 0
Pan American Silver Corp. COM 697900108 535 82,300 SH   SOLE   82,300 0 0
Silver Wheaton Corp. COM 828336107 1,149 92,500 SH   SOLE   92,500 0 0
Sprott Physical Gold Trust ETF COM 85207H104 2,251 257,902 SH   SOLE   257,902 0 0
Sprott Physical Silver Trust E COM 852075107 222 42,150 SH   SOLE   42,150 0 0
Yamana Gold, Inc. COM 98462Y100 354 190,525 SH   SOLE   190,525 0 0