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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1/100 BERKSHIRE HTWY CLA100 SH COM 084990175 250 100 SH   SOLE   100 0 0
ABERCROMBIE & FITCH CL A COM 002896207 2,449 205,305 SH   SOLE   205,305 0 0
AMERISERV FINANCIAL INC COM 03074A102 375 100,000 SH   SOLE   100,000 0 0
ANGLOGOLD ASHANTI ADR ADR 035128206 2,913 270,493 SH   SOLE   270,493 0 0
APPLE INC COM COM 037833100 305 2,120 SH   SOLE   2,120 0 0
BANK OF UTICA NY NON VTG COM 065437204 475 1,000 SH   SOLE   1,000 0 0
BANKO BILBAO ARGEN FSPONSORED ADR 05946k101 4,812 632,335 SH   SOLE   632,335 0 0
BP PLC ADS ADR 055622104 3,190 92,402 SH   SOLE   92,402 0 0
BRT REALTY TRUST COM 055645303 166 20,000 SH   SOLE   20,000 0 0
BUNGE LTD COM g16962105 4,784 60,352 SH   SOLE   60,352 0 0
CERUS CORP COM 157085101 2,659 597,452 SH   SOLE   597,452 0 0
CHINA MOBILE LIMITED ADR ADR 16941M109 4,395 79,580 SH   SOLE   79,580 0 0
DEUTSCHE BANK AG ADR ADR D18190898 3,471 202,266 SH   SOLE   202,266 0 0
EXELON CORP COM 30161n101 3,878 107,775 SH   SOLE   107,775 0 0
FACEBOOK INC COM 30303m102 352 2,481 SH   SOLE   2,481 0 0
FIRSTENERGY CORP COM 337932107 4,150 130,412 SH   SOLE   130,412 0 0
FLEX INTERNATIONAL LTD COM Y2573F102 5,859 348,742 SH   SOLE   348,742 0 0
FORD MOTOR CO COM 345370860 3,790 325,625 SH   SOLE   325,625 0 0
GROUPON INC COM 399473107 2,394 609,220 SH   SOLE   609,220 0 0
INTL BUSINESS MACHINES CORP COM 459200101 218 1,250 SH   SOLE   1,250 0 0
ISHARES GOLD TRUST ISHARES 464285105 121 10,050 SH   SOLE   10,050 0 0
LAZARD LTD COM G54050102 5,331 115,920 SH   SOLE   115,920 0 0
M & T BANK CORP COM 55261F104 3,909 25,263 SH   SOLE   25,263 0 0
MDC HOLDING INC COM 552676108 4,622 153,826 SH   SOLE   153,826 0 0
MICROSOFT CORP COM 594918104 1,180 17,918 SH   SOLE   17,918 0 0
NEW YORK COMMUNITY BANCORP INC COM 649445103 4,026 288,175 SH   SOLE   288,175 0 0
NEWMONT MINING CORP COM 651639106 4,290 130,170 SH   SOLE   130,170 0 0
OMEROS CORPORATION COM 682143102 407 26,890 SH   SOLE   26,890 0 0
ORANGE SA ADR ADR 684060106 4,429 284,981 SH   SOLE   284,981 0 0
PAN AMERICAN SILVER CORP COM 697900108 4,004 228,556 SH   SOLE   228,556 0 0
POTASH CORP OF SASKATCHEWAN IN COM 73755L107 4,671 273,506 SH   SOLE   273,506 0 0
PROSHARES SHORT S&P500 ISHARES 74347b425 4,847 140,537 SH   SOLE   140,537 0 0
SCHNITZER STEEL INDUSTRIES INC COM 806882106 2,417 117,024 SH   SOLE   117,024 0 0
SEACO LTD ORD COM G79441104 0 20,000 SH   SOLE   20,000 0 0
SPDR GOLD TR GOLD SHS ISHARES 78463V107 215 1,810 SH   SOLE   1,810 0 0
ST JOE COMPANY COM 790148100 3,312 194,271 SH   SOLE   194,271 0 0
TEVA PHARMACEUTICAL INDUSTRIES COM 881624209 3,364 104,829 SH   SOLE   104,829 0 0
THE MAVEN INC COM 88339b102 17 14,000 SH   SOLE   14,000 0 0
TOTAL SA ADR ADR 89151E109 3,181 63,084 SH   SOLE   63,084 0 0
VANGUARD FTSE ALL WORLD EX US ISHARES 922042775 203 4,245 SH   SOLE   4,245 0 0
VANGUARD TOTAL STOCK MARKET ET ISHARES 922908769 216 1,780 SH   SOLE   1,780 0 0
WAL-MART STORES INC COM 931142103 3,735 51,822 SH   SOLE   51,822 0 0