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
ALLIED NEV GOLD CORP COM 019344100 1,226 189,225 SH   OTR 0 177,000 0 12,225
ATLAS ENERGY LP COM 04930A104 85,044 1,735,951 SH   OTR 0 1,657,001 0 78,950
ATLAS RESOURCE PARTNERS COM 04941A101 1,498 68,415 SH   OTR 0 67,500 0 915
BEAR CREEK MINING CORP COM 07380N104 14,196 8,786,960 SH   OTR 0 8,686,000 0 100,960
COEUR MINING INC COM 192108504 179 13,435 SH   OTR 0 0 0 13,435
ESPERANZA RESOURCES CORP COM 29664V107 397 720,500 SH   OTR 0 720,500 0 0
EXCO RES INC COM 269279402 118 15,455 SH   OTR 0 0 0 15,455
FIRST MAJESTIC SILVER CORP COM 32076V103 1,499 141,570 SH   OTR 0 140,000 0 1,570
GRAMERCY PROPERTY TRUST INC COM 38489R100 100 22,305 SH   OTR 0 0 0 22,305
LINNCO LLC COMMON STOCK COM 535782106 262 7,030 SH   OTR 0 0 0 7,030
NEW GOLD INC CDA COM 644535106 143 22,230 SH   OTR 0 0 0 22,230
PAN AMERN SILVER CORP COM 697900108 2,076 178,310 SH   OTR 0 160,000 0 18,310
PRIMERO MINING CORP COM 74164W106 171 38,150 SH   OTR 0 0 0 38,150
SILVER STD RES INC COM 82823L106 141 22,195 SH   OTR 0 0 0 22,195
SILVER WHEATON CORP COM 828336107 4,867 247,450 SH   OTR 0 240,000 0 7,450
ULTRA PETROLEUM CORP COM 903914109 213 10,735 SH   OTR 0 0 0 10,735
WISDOMTREE TRUST JAPAN HEDGED EQUITY FD COM 97717W851 1,003 22,000 SH   OTR 0 22,000 0 0
AFLAC Inc COM 001055102 299 5,138 SH   OTR 0 1,510 0 3,628
AT&T Corp COM 00206R102 262 7,401 SH   OTR 0 0 0 7,401
Accenture PLC COM g1150g111 526 7,310 SH   OTR 0 1,810 0 5,500
American Electric Power Co Inc COM 025537101 438 9,780 SH   OTR 0 2,480 0 7,300
American Express Co COM 025816109 413 5,525 SH   OTR 0 1,550 0 3,975
Amgen Inc COM 031162100 396 4,015 SH   OTR 0 980 0 3,035
Amphenol Corp-CL A COM 032095101 744 9,545 SH   OTR 0 1,745 0 7,800
Apple Inc COM 037833100 791 1,995 SH   OTR 0 290 0 1,705
Bristol Myers Squibb Co COM 110122108 488 10,920 SH   OTR 0 2,720 0 8,200
CVS/Caremark Corp COM 126650100 449 7,845 SH   OTR 0 1,977 0 5,868
Caterpillar Inc COM 149123101 300 3,640 SH   OTR 0 940 0 2,700
Chevron Corp COM 166764100 764 6,455 SH   OTR 0 1,265 0 5,190
Coca Cola Co COM 191216100 968 24,136 SH   OTR 0 3,000 0 21,136
Colgate Palmolive Co COM 194162103 368 6,418 SH   OTR 0 1,920 0 4,498
Costco Wholesale Corp COM 22160K105 498 4,500 SH   OTR 0 0 0 4,500
Danaher Corp COM 235851102 549 8,670 SH   OTR 0 2,370 0 6,300
Dell Inc COM 24702R101 270 20,250 SH   OTR 0 0 0 20,250
Disney, Walt Co COM 254687106 468 7,410 SH   OTR 0 1,960 0 5,450
Exxon Mobil Corp COM 30231G102 947 10,482 SH   OTR 0 1,184 0 9,298
General Electric Co COM 369604103 392 16,900 SH   OTR 0 200 0 16,700
Gilead Sciences Inc. COM 375558103 713 13,910 SH   OTR 0 2,710 0 11,200
Google COM 38259P508 541 615 SH   OTR 0 180 0 435
Home Depot Inc COM 437076102 1,649 21,292 SH   OTR 0 350 0 20,942
International Business Machine COM 459200101 583 3,053 SH   OTR 0 660 0 2,393
Johnson & Johnson COM 478160104 600 6,987 SH   OTR 0 150 0 6,837
Marathon Petroleum Corp. COM 56585A102 376 5,285 SH   OTR 0 1,805 0 3,480
McDonalds Corp COM 580135101 303 3,064 SH   OTR 0 850 0 2,214
McKesson HBOC Inc COM 58155Q103 269 2,350 SH   OTR 0 750 0 1,600
Merck & Co Inc COM 58933Y105 260 5,592 SH   OTR 0 57 0 5,535
Microsoft Corp COM 594918104 587 16,980 SH   OTR 0 2,180 0 14,800
Omnicom Group COM 681919106 318 5,060 SH   OTR 0 1,310 0 3,750
Oracle Corp COM 68389X105 201 6,540 SH   OTR 0 2,000 0 4,540
Pfizer Inc COM 717081103 313 11,173 SH   OTR 0 198 0 10,975
Praxair Inc COM 74005P104 350 3,035 SH   OTR 0 925 0 2,110
Procter & Gamble Co COM 742718109 907 11,780 SH   OTR 0 1,675 0 10,105
Schlumberger Ltd COM 806857108 349 4,869 SH   OTR 0 0 0 4,869
Southwestern Energy Co COM 845467109 426 11,650 SH   OTR 0 3,550 0 8,100
Stryker Corp COM 863667101 329 5,080 SH   OTR 0 80 0 5,000
U.S. Bancorp COM 902973304 316 8,730 SH   OTR 0 2,830 0 5,900
United Technologies Corp COM 913017109 736 7,918 SH   OTR 0 1,465 0 6,453
UnitedHealth Group Inc COM 91324p102 275 4,200 SH   OTR 0 1,300 0 2,900
Verizon Communications COM 92343v104 628 12,480 SH   OTR 0 2,300 0 10,180
Wal-Mart Stores Inc COM 931142103 505 6,775 SH   OTR 0 880 0 5,895
Whiting Petroleum Corp COM 966387102 373 8,100 SH   OTR 0 2,500 0 5,600