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
ABBVIE INC COM 00287Y109 6,851 153,160 SH   SOLE   153,160 0 0
AGNICO EAGLE MINES LTD COM 008474108 4,159 157,140 SH   SOLE   157,140 0 0
AMAZON.COM INC COM 023135106 10,180 32,560 SH   SOLE   32,560 0 0
AMERICAN EXPRESS CO COM 025816109 6,869 90,960 SH   SOLE   90,960 0 0
AMGEN COM 031162100 11,735 104,830 SH   SOLE   104,830 0 0
APPLE INC COM 037833100 22,152 46,465 SH   SOLE   46,465 0 0
AT&T INC COM 00206R102 1,400 41,386 SH   SOLE   41,386 0 0
AVON PRODUCTS INC COM 054303102 4,690 227,660 SH   SOLE   227,660 0 0
BANK OF AMERICA CORP COM 060505104 13,870 1,005,080 SH   SOLE   1,005,080 0 0
BEMIS COMPANY COM 081437105 4,237 108,610 SH   SOLE   108,610 0 0
BERKSHIRE HATHAWAY INC-CL B COM 084670702 1,889 16,640 SH   SOLE   16,640 0 0
BIOGEN IDEC INC COM 09062X103 8,949 37,170 SH   SOLE   37,170 0 0
BLACKROCK INC COM 09247X101 5,962 22,030 SH   SOLE   22,030 0 0
BOEING CO COM 097023105 7,690 65,450 SH   SOLE   65,450 0 0
BOSTON SCIENTIFIC CORP COM 101137107 6,029 513,560 SH   SOLE   513,560 0 0
CALPINE CORP COM 131347304 4,888 251,550 SH   SOLE   251,550 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105 4,475 65,100 SH   SOLE   65,100 0 0
CARDINAL HEALTH INC COM 14149Y108 4,710 90,310 SH   SOLE   90,310 0 0
CELGENE CORP COM 151020104 6,136 39,860 SH   SOLE   39,860 0 0
CHEVRON CORP COM 166764100 2,166 17,826 SH   SOLE   17,826 0 0
CISCO SYSTEMS INC COM 17275R102 10,357 442,247 SH   SOLE   442,247 0 0
CITIGROUP INC COM 172967424 6,004 123,770 SH   SOLE   123,770 0 0
COCA-COLA CO/THE COM 191216100 17,004 448,893 SH   SOLE   448,893 0 0
COMCAST CORP-CLASS A COM 20030N101 10,538 233,400 SH   SOLE   233,400 0 0
CVS CAREMARK CORP COM 126650100 1,165 20,520 SH   SOLE   20,520 0 0
DELTA AIR LINES INC COM 247361702 5,551 235,300 SH   SOLE   235,300 0 0
EBAY INC COM 278642103 9,317 167,000 SH   SOLE   167,000 0 0
ELDORADO GOLD CORP COM 284902103 4,354 648,950 SH   SOLE   648,950 0 0
ELEMENTS ROGERS TR ETN COM 870297801 2,488 300,800 SH   SOLE   300,800 0 0
EOG RESOURCES INC COM 26875P101 8,779 51,860 SH   SOLE   51,860 0 0
ETRACS DJ-UBS TR ETN COM 902641679 2,389 100,880 SH   SOLE   100,880 0 0
EXPRESS SCRIPTS INC COM 30219G108 6,024 97,510 SH   SOLE   97,510 0 0
EXXON MOBIL CORP COM 30231G102 22,703 263,869 SH   SOLE   263,869 0 0
GENERAL ELECTRIC CO COM 369604103 1,785 74,716 SH   SOLE   74,716 0 0
GILEAD SCIENCES INC COM 375558103 8,926 142,050 SH   SOLE   142,050 0 0
GOLDCORP INC COM 380956409 4,689 180,260 SH   SOLE   180,260 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 4,563 28,840 SH   SOLE   28,840 0 0
GOOGLE INC-CL A COM 38259P508 21,106 24,096 SH   SOLE   24,096 0 0
HARLEY-DAVIDSON INC COM 412822108 5,749 89,500 SH   SOLE   89,500 0 0
HCA HOLDINGS INC COM 40412C101 5,071 118,610 SH   SOLE   118,610 0 0
HOME DEPOT INC COM 437076102 9,772 128,830 SH   SOLE   128,830 0 0
HONEYWELL INTERNATIONAL INC COM 438516106 6,732 81,070 SH   SOLE   81,070 0 0
IAMGOLD CORP COM 450913108 5,163 1,086,860 SH   SOLE   1,086,860 0 0
INFOSYS TECHNOLOGIES-SP ADR COM 456788108 641 13,320 SH   SOLE   13,320 0 0
INTEL CORP COM 458140100 11,344 494,930 SH   SOLE   494,930 0 0
INTERNATIONAL BUS MACH COM 459200101 10,479 56,586 SH   SOLE   56,586 0 0
INTL GAME TECHNOLOGY COM 459902102 4,849 256,170 SH   SOLE   256,170 0 0
IPATH DOW JONES-UBS COMMDTY COM 06738C778 2,346 62,950 SH   SOLE   62,950 0 0
ITAU UNIBANCO HLDNG - PREF ADR COM 465562106 217 15,400 SH   SOLE   15,400 0 0
JOHNSON & JOHNSON COM 478160104 13,037 150,382 SH   SOLE   150,382 0 0
JPMORGAN CHASE & CO COM 46625H100 1,503 29,084 SH   SOLE   29,084 0 0
JUNIPER NETWORKS INC COM 48203R104 4,335 218,260 SH   SOLE   218,260 0 0
KINROSS GOLD CORP COM 496902404 5,004 990,980 SH   SOLE   990,980 0 0
LAM RESEARCH CORP COM 512807108 5,122 100,050 SH   SOLE   100,050 0 0
LYONDELLBASELL INDU-CL A COM B3SPXZ3 4,696 64,120 SH   SOLE   64,120 0 0
MASTERCARD INC-CLASS A COM 57636Q104 9,432 14,020 SH   SOLE   14,020 0 0
MERCK & CO. INC. COM 58933Y105 12,344 259,270 SH   SOLE   259,270 0 0
MICRON TECHNOLOGY INC COM 595112103 6,299 360,570 SH   SOLE   360,570 0 0
MICROSOFT CORP COM 594918104 16,646 499,727 SH   SOLE   499,727 0 0
MONSANTO CO COM 61166W101 2,125 20,362 SH   SOLE   20,362 0 0
NETAPP INC COM 64110D104 5,309 124,560 SH   SOLE   124,560 0 0
NIKE INC -CL B COM 654106103 7,166 98,650 SH   SOLE   98,650 0 0
NOBLE CORP COM B65Z9D7 4,128 109,300 SH   SOLE   109,300 0 0
NVIDIA CORP COM 67066G104 4,691 301,480 SH   SOLE   301,480 0 0
ORACLE CORP COM 68389X105 12,114 365,210 SH   SOLE   365,210 0 0
PEPSICO INC COM 713448108 14,061 176,870 SH   SOLE   176,870 0 0
PETROLEO BRASILEIRO - SPON ADR COM 71654V101 316 18,900 SH   SOLE   18,900 0 0
PFIZER INC COM 717081103 11,695 407,357 SH   SOLE   407,357 0 0
PHILIP MORRIS INTERNATIONAL COM 718172109 12,142 140,220 SH   SOLE   140,220 0 0
POWERSHARES DB COMMODITY IND COM 73935S105 2,442 94,780 SH   SOLE   94,780 0 0
PROCTER & GAMBLE CO/THE COM 742718109 13,390 177,140 SH   SOLE   177,140 0 0
QUALCOMM INC COM 747525103 15,730 233,524 SH   SOLE   233,524 0 0
QUANTA SERVICES INC COM 74762E102 5,318 193,300 SH   SOLE   193,300 0 0
SANDISK CORP COM 80004C101 4,272 71,790 SH   SOLE   71,790 0 0
SCHLUMBERGER LTD COM 806857108 11,970 135,470 SH   SOLE   135,470 0 0
SEALED AIR CORP COM 81211K100 4,441 163,350 SH   SOLE   163,350 0 0
STARBUCKS CORP COM 855244109 9,197 119,490 SH   SOLE   119,490 0 0
STATE STREET CORP COM 857477103 4,102 62,390 SH   SOLE   62,390 0 0
TEXAS INSTRUMENTS INC COM 882508104 6,810 169,100 SH   SOLE   169,100 0 0
TWENTY-FIRST CENTURY FOX INC COM 90130A101 6,601 197,050 SH   SOLE   197,050 0 0
UNION PACIFIC CORP COM 907818108 6,894 44,380 SH   SOLE   44,380 0 0
URBAN OUTFITTERS INC COM 917047102 4,834 131,460 SH   SOLE   131,460 0 0
US BANCORP COM 902973304 6,536 178,680 SH   SOLE   178,680 0 0
VALE SA - SP PREF ADR COM 91912E204 267 18,800 SH   SOLE   18,800 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 7,197 154,250 SH   SOLE   154,250 0 0
VISA COM 92826C839 8,815 46,130 SH   SOLE   46,130 0 0
WALT DISNEY CO/THE COM 254687106 7,589 117,670 SH   SOLE   117,670 0 0
WELLS FARGO & CO COM 949746101 1,806 43,705 SH   SOLE   43,705 0 0