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

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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
AGNICO EAGLE MINES LTD COM 008474108 2,986 77,963 SH   SOLE 77,963 0 0
ATHENAHEALTH INC COM 04685W103 239 121,400 SH Put SOLE 121,400 0 0
BARRICK GOLD CORP COM 067901108 1,878 102,647 SH   SOLE 102,647 0 0
CENTRAL FD CDA LTD CL A 153501101 2,244 154,355 SH   SOLE 154,355 0 0
CENTRAL GOLDTRUST TR UNIT 153546106 489 10,294 SH   SOLE 10,294 0 0
CURRENCYSHS JAPANESE YEN TR JAPANESE YEN 23130A102 197 981,000 SH Put SOLE 981,000 0 0
ELDORADO GOLD CORP NEW COM 284902103 2,043 267,404 SH   SOLE 267,404 0 0
GOLD RESOURCE CORP COM 38068T105 1,892 373,954 SH   SOLE 373,954 0 0
GOLDCORP INC NEW COM 380956409 2,234 80,059 SH   SOLE 80,059 0 0
ISHARES GOLD TRUST ISHARES 464285105 4,820 374,187 SH   SOLE 374,187 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 10,627 524,794 SH   SOLE 524,794 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 2,899 109,598 SH   SOLE 109,598 0 0
NEW GOLD INC CDA COM 644535106 1,864 292,687 SH   SOLE 292,687 0 0
NEWMONT MINING CORP COM 651639106 1,524 59,902 SH   SOLE 59,902 0 0
PAN AMERICAN SILVER CORP COM 697900108 10,154 661,525 SH   SOLE 661,525 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 7,454 58,215 SH   SOLE 58,215 0 0
USA MOBILITY INC COM 90341G103 29,558 1,919,378 SH   SOLE 1,919,378 0 0
YAMANA GOLD INC COM 98462Y100 1,457 177,208 SH   SOLE 177,208 0 0