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
ADVISORSHARES TR PERITUS HIGH YIELD ETF ETF 00768Y503 4,606 86,424 SH   SOLE   4,399 0 82,025
ADVISORSHARES TRUST ETF CYCLE ETF 00768Y735 423 14,583 SH   SOLE   0 0 14,583
ALAMOS GOLD INC Stock 011527108 971 95,726 SH   SOLE   5,071 0 90,655
APACHE CORP Stock 037411105 3,887 38,632 SH   SOLE   1,182 0 37,450
APOLLO GROUP INC Stock 037604105 4,492 143,755 SH   SOLE   4,865 0 138,890
APPLE INC Stock 037833100 270 2,905 SH   SOLE   0 0 2,905
BRISTOL MYERS SQUIBB Stock 110122108 2,215 45,665 SH   SOLE   0 0 45,665
CHEVRON CORP Stock 166764100 1,393 10,674 SH   SOLE   0 0 10,674
CISCO SYS INC Stock 17275R102 3,260 131,201 SH   SOLE   4,636 0 126,565
COCA COLA CO Stock 191216100 505 11,920 SH   SOLE   0 0 11,920
ENERPLUS CORP Stock 292766102 5,188 206,028 SH   SOLE   6,411 0 199,617
EXXON MOBIL CORP Stock 30231G102 483 4,800 SH   SOLE   0 0 4,800
FIRST MAJESTIC SILVER CORP Stock 32076V103 1,568 145,080 SH   SOLE   0 0 145,080
FRANCO NEVADA CORP Stock 351858105 581 10,139 SH   SOLE   2,069 0 8,070
GENERAL ELECTRIC CO Stock 369604103 784 29,836 SH   SOLE   0 0 29,836
GLOBAL X SILVER MINERS ETF ETF 37950E853 838 59,100 SH   SOLE   12,400 0 46,700
GUGGENHEIM BLT 2015 HIGH YIELD CORP BND ETF ETF 18383M423 4,113 152,789 SH   SOLE   8,289 0 144,500
HANCOCK JOHN PFD EQTY FD SH BEN INT CEF 41013W108 1,804 87,600 SH   SOLE   0 0 87,600
IDACORP INC Stock 451107106 237 4,100 SH   SOLE   0 0 4,100
INTEL Stock 458140100 3,485 112,795 SH   SOLE   4,445 0 108,350
ISHARES 20+ YR TREASURY ETF ETF 464287432 3,224 28,400 SH   SOLE   0 0 28,400
ISHARES IBOXX CORPORATE BOND ETF ETF 464287242 4,590 38,490 SH   SOLE   0 0 38,490
ISHARES S&P INTERNATIONAL PREFERRED STOCK INDEX FUND ETF 46429B135 3,278 130,036 SH   SOLE   3,941 0 126,095
KINDER MORGAN ENERGY PTNRS LP MLP 494550106 767 9,333 SH   SOLE   0 0 9,333
KINDER MORGAN INC Stock 49456B101 3,139 86,566 SH   SOLE   2,241 0 84,325
LEUCADIA NATL CORP Stock 527288104 3,338 127,297 SH   SOLE   3,147 0 124,150
M D U RES GROUP INC Stock 552690109 3,579 101,971 SH   SOLE   2,896 0 99,075
MAGELLAN MIDSTREAM PARTNERS LP MLP 559080106 698 8,300 SH   SOLE   0 0 8,300
MICROSOFT Stock 594918104 3,632 87,102 SH   SOLE   2,625 0 84,477
NAVIOS MARITIME PARTNERS LP MLP Y62267102 3,478 178,903 SH   SOLE   6,203 0 172,700
NEXTERA ENERGY INC SHS Stock 65339F101 230 2,240 SH   SOLE   0 0 2,240
NORFOLK SOUTHERN CRP Stock 655844108 458 4,450 SH   SOLE   0 0 4,450
NUVEEN CONNECTICUT PREMIUM INCOME MUNICIPAL FUND CEF 67060D107 190 15,000 SH   SOLE   0 0 15,000
PEABODY ENERGY CORP Stock 704549104 2,406 147,175 SH   SOLE   3,500 0 143,675
PEMBINA PIPELINE CORPORATION Stock 706327103 550 12,800 SH   SOLE   0 0 12,800
POWERSHARES ETF SENIOR LOAN PORT NYSE ARCA INC ETF 73936Q769 3,575 143,734 SH   SOLE   8,842 0 134,892
RELIANCE STEEL & ALUMINUM Stock 759509102 2,756 37,396 SH   SOLE   1,411 0 35,985
ROYAL BANK OF CANADA Stock 780087102 3,769 52,765 SH   SOLE   1,465 0 51,300
ROYAL GOLD INC Stock 780287108 3,685 48,407 SH   SOLE   1,687 0 46,720
SANDSTORM GOLD LIMITED Stock 80013R206 338 48,822 SH   SOLE   13,932 0 34,890
SENIOR HOUSING PROPERTIES TRUST REIT 81721M109 3,658 150,612 SH   SOLE   4,422 0 146,190
SILVER WHEATON CORP Stock 828336107 3,034 115,500 SH   SOLE   0 0 115,500
SPDR BARCLAYS CAPITAL LONG TERM TREASURIES ETF 78464A664 530 7,990 SH   SOLE   2,600 0 5,390
SPDR GOLD ETF ETF 78463V107 282 2,200 SH   SOLE   0 0 2,200
SPDR S & P INTL DIVIDEND ETF 78463X772 5,044 98,325 SH   SOLE   2,700 0 95,625
SPECTRA ENERGY CORP Stock 847560109 2,970 69,921 SH   SOLE   2,421 0 67,500
STILLWATER MINING CORP Stock 86074Q102 1,807 102,988 SH   SOLE   3,503 0 99,485
VERIZON COMMUNICATIONS Stock 92343V104 1,493 30,507 SH   SOLE   1,748 0 28,759
WELLS FARGO & CO Stock 949746101 3,120 59,356 SH   SOLE   2,101 0 57,255
WHITING PETROLEUM CORPORATION Stock 966387102 4,822 60,087 SH   SOLE   1,712 0 58,375