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
ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 2,387 92,251 SH   SOLE   92,251 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 5,230 95,828 SH   SOLE   95,828 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/2021 026874156 1,034 38,874 SH   SOLE   38,874 0 0
AVIS BUDGET GROUP COM 053774105 4,288 71,844 SH   SOLE   71,844 0 0
BP PLC CALL 055622904 148 228 SH   SOLE   228 0 0
BANK OF AMERICA CORPORATION *W EXP 01/16/2019 060505146 44 6,403 SH   SOLE   6,403 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 190 1 SH   SOLE   1 0 0
CAPITAL SR LIVING CORP COM 140475104 6,303 264,406 SH   SOLE   264,406 0 0
CELANESE CORP DEL COM SER A 150870103 10,308 160,358 SH   SOLE   160,358 0 0
CF INDS HLDGS INC COM 125269100 2,862 11,900 SH   SOLE   11,900 0 0
CITIGROUP INC COM NEW 172967424 10,654 226,209 SH   SOLE   226,209 0 0
CITIGROUP INC CALL 172967904 256 453 SH   SOLE   453 0 0
EL PASO PIPELINE PARTNERS L COM UNIT LPI 283702108 1,103 30,436 SH   SOLE   30,436 0 0
ENSCO PLC SHS CLASS A G3157S106 8,472 152,455 SH   SOLE   152,455 0 0
EXELON CORP COM 30161N101 7,135 195,597 SH   SOLE   195,597 0 0
GENWORTH FINL INC COM CL A 37247D106 1,583 90,987 SH   SOLE   90,987 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,366 8,156 SH   SOLE   8,156 0 0
HILLENBRAND INC COM 431571108 4,403 134,987 SH   SOLE   134,987 0 0
JPMORGAN CHASE CO COM 46625H100 6,005 104,212 SH   SOLE   104,212 0 0
KB FINANCIAL GROUP INC SPONSORED ADR 48241A105 315 9,049 SH   SOLE   9,049 0 0
KINDER MORGAN INC DEL COM 49456B101 4,929 135,929 SH   SOLE   135,929 0 0
KINDER MORGAN INC DEL *W EXP 05/25/2017 49456B119 366 131,583 SH   SOLE   131,583 0 0
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 9,427 119,440 SH   SOLE   119,440 0 0
LEUCADIA NATL CORP COM 527288104 1,542 58,814 SH   SOLE   58,814 0 0
LIFETIME BRANDS INC COM 53222Q103 1,772 112,743 SH   SOLE   112,743 0 0
LOEWS CORP COM 540424108 2,361 53,657 SH   SOLE   53,657 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 278 10,519 SH   SOLE   10,519 0 0
MARKET VECTORS ETF TR JR GOLD MINERS E 57061R544 2,003 47,392 SH   SOLE   47,392 0 0
MORGAN STANLEY COM NEW 617446448 4,560 141,032 SH   SOLE   141,032 0 0
NL INDS INC COM NEW 629156407 31 3,376 SH   SOLE   3,376 0 0
NACCO INDS INC CL A 629579103 2,228 44,041 SH   SOLE   44,041 0 0
NATIONAL OILWELL VARCO INC COM 637071101 5,700 69,220 SH   SOLE   69,220 0 0
NATIONAL PRESTO INDS INC COM 637215104 726 9,969 SH   SOLE   9,969 0 0
NEW GOLD INC CDA COM 644535106 2,531 397,409 SH   SOLE   397,409 0 0
NOW INC COM 67011P100 819 22,621 SH   SOLE   22,621 0 0
ONEOK PARTNERS LP UNIT LTD PARTN 68268N103 2,777 47,382 SH   SOLE   47,382 0 0
OPPENHEIMER HLDGS INC CL A NON VTG 683797104 695 28,955 SH   SOLE   28,955 0 0
ORACLE CORP COM 68389X105 10,324 254,715 SH   SOLE   254,715 0 0
PARTNERRE LTD COM G6852T105 946 8,663 SH   SOLE   8,663 0 0
PRECISION DRILLING CORP COM 2010 74022D308 9,417 665,062 SH   SOLE   665,062 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 8,412 65,698 SH   SOLE   65,698 0 0
SPDR SP 500 ETF TR PUT 78462F953 27 1,358 SH   SOLE   1,358 0 0
SPDR SP 500 ETF TR PUT 78462F953 102 1,358 SH   SOLE   1,358 0 0
SPDR SP 500 ETF TR PUT 78462F953 27 680 SH   SOLE   680 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 326 29,613 SH   SOLE   29,613 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 2,322 274,128 SH   SOLE   274,128 0 0
URS CORP NEW com 903236107 3,486 76,029 SH   SOLE   76,029 0 0
WELLPOINT INC COM 94973V107 6,729 62,527 SH   SOLE   62,527 0 0