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
ADVANTAGE OIL & GAS LTD COM 00765F101 1,072 200,000 SH   SOLE   200,000 0 0
AGCO CORP COM 001084102 5,240 110,000 SH   SOLE   110,000 0 0
AGNICO EAGLE MINES LTD COM 008474108 10,355 370,605 SH   SOLE   370,605 0 0
AGRIUM INC COM 008916108 261 2,500 SH   SOLE   2,500 0 0
ALAMOS GOLD INC COM 011527108 6,996 1,193,900 SH   SOLE   1,193,900 0 0
ALEXCO RESOURCE CORP COM 01535P106 1,800 4,798,750 SH   SOLE   4,798,750 0 0
ALLIED NEVADA GOLD CORP COM 019344100 1 10,475 SH   SOLE   10,475 0 0
ALMADEN MINERALS LTD COM 020283107 548 609,079 SH   SOLE   609,079 0 0
ALPS ETF TR ALERIAN MLP COM 00162Q866 593 35,775 SH   SOLE   35,775 0 0
ALPS ETF TR SPROTT GL MINE COM 00162Q643 10,873 648,100 SH   SOLE   648,100 0 0
ALPS ETF TR SPROTT JR GLD COM 00162Q585 238 10,000 SH   SOLE   10,000 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR COM 035128206 5,169 553,450 SH   SOLE   553,450 0 0
APPLE INC COM 037833100 25,216 202,655 SH   SOLE   202,655 0 0
APPLE INC PUT 037833950 13,712 110,200 SH   SOLE   110,200 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 316 6,672 SH   SOLE   6,672 0 0
ASANKO GOLD INC COM 04341Y105 4,131 2,849,189 SH   SOLE   2,849,189 0 0
AVALONBAY CMNTYS INC COM 053484101 257 1,475 SH   SOLE   1,475 0 0
B2GOLD CORP COM 11777Q209 4,150 2,730,358 SH   SOLE   2,730,358 0 0
BARRICK GOLD CORP COM 067901108 1,293 117,930 SH   SOLE   117,930 0 0
BARRICK GOLD CORP CALL 067901908 438 40,000 SH   SOLE   40,000 0 0
BAYTEX ENERGY CORP COM 07317Q105 1,191 75,400 SH   SOLE   75,400 0 0
BERKSHIRE HATHAWAY INC CL B COM 084670702 5,543 38,410 SH   SOLE   38,410 0 0
BHP BILLITON LTD SPONSORED ADR COM 088606108 388 8,350 SH   SOLE   8,350 0 0
BOSTON PROPERTIES INC COM 101121101 258 1,840 SH   SOLE   1,840 0 0
BOULDER BRANDS INC COM 101405108 183 19,165 SH   SOLE   19,165 0 0
BP PLC SPONSORED ADR COM 055622104 282 7,200 SH   SOLE   7,200 0 0
BUCKLE INC COM 118440106 6,897 135,000 SH   SOLE   135,000 0 0
BUNGE LIMITED COM G16962105 217 2,635 SH   SOLE   2,635 0 0
CAE INC COM 124765108 16,682 1,430,740 SH   SOLE   1,430,740 0 0
CAL MAINE FOODS INC COM 128030202 5,273 135,000 SH   SOLE   135,000 0 0
CAMECO CORP COM 13321L108 428 30,710 SH   SOLE   30,710 0 0
CANADIAN NAT RES LTD COM 136385101 307 10,000 SH   SOLE   10,000 0 0
CANADIAN PAC RY LTD COM 13645T100 10,176 55,700 SH   SOLE   55,700 0 0
CANADIAN PAC RY LTD PUT 13645T950 10,176 55,700 SH   SOLE   55,700 0 0
CATAMARAN CORP CALL 148887902 20,839 350,000 SH   SOLE   350,000 0 0
CENTRAL FD CDA LTD CL A COM 153501101 650 54,515 SH   SOLE   54,515 0 0
CF INDS HLDGS INC COM 125269100 469 1,655 SH   SOLE   1,655 0 0
CHEVRON CORP COM 166764100 231 2,200 SH   SOLE   2,200 0 0
CHICOS FAS INC COM 168615102 2,830 160,000 SH   SOLE   160,000 0 0
CIRRUS LOGIC INC COM 172755100 8,149 245,000 SH   SOLE   245,000 0 0
COEUR MNG INC COM 192108504 2,957 627,800 SH   SOLE   627,800 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR COM 204448104 1,525 150,500 SH   SOLE   150,500 0 0
CRESCENT PT ENERGY CORP COM 22576C101 2,240 100,285 SH   SOLE   100,285 0 0
CVS HEALTH CORP COM 126650100 21,316 206,530 SH   SOLE   206,530 0 0
DEERE & CO COM 244199105 403 4,600 SH   SOLE   4,600 0 0
DENISON MINES CORP COM 248356107 572 723,558 SH   SOLE   723,558 0 0
DISCOVER FINL SVCS COM 254709108 24,707 438,460 SH   SOLE   438,460 0 0
DRDGOLD LIMITED SPON ADR COM 26152H301 19 11,200 SH   SOLE   11,200 0 0
ENBRIDGE INC COM 29250N105 22,237 458,500 SH   SOLE   458,500 0 0
ENBRIDGE INC PUT 29250N955 22,237 458,500 SH   SOLE   458,500 0 0
ENDEAVOUR SILVER CORP COM 29258Y103 792 417,000 SH   SOLE   417,000 0 0
EOG RESOURCES INC COM 26875P101 275 3,000 SH   SOLE   3,000 0 0
EQUITY RESIDENTIAL COM 29476L107 243 3,125 SH   SOLE   3,125 0 0
ETFS PALLADIUM TR COM 26923A106 5,002 70,150 SH   SOLE   70,150 0 0
ETFS PLATINUM TR COM 26922V101 3,284 29,665 SH   SOLE   29,665 0 0
EURASIAN MINERALS INC COM 29843R100 5,172 7,085,727 SH   SOLE   7,085,727 0 0
EXXON MOBIL CORP COM 30231G102 5,040 59,300 SH   SOLE   59,300 0 0
FEDEX CORP COM 31428X106 13,123 79,320 SH   SOLE   79,320 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 10,536 1,947,467 SH   SOLE   1,947,467 0 0
FORTUNA SILVER MINES INC COM 349915108 18,917 4,926,253 SH   SOLE   4,926,253 0 0
FRANCO NEVADA CORP COM 351858105 11,377 234,392 SH   SOLE   234,392 0 0
FRANKLIN RES INC COM 354613101 9,751 190,000 SH   SOLE   190,000 0 0
FREEPORT-MCMORAN INC CL B COM 35671D857 253 13,341 SH   SOLE   13,341 0 0
GAMESTOP CORP COM 36467W109 7,023 185,000 SH   SOLE   185,000 0 0
GARMIN LTD COM H2906T109 2,471 52,000 SH   SOLE   52,000 0 0
GILDAN ACTIVEWEAR INC COM 375916103 21,562 730,420 SH   SOLE   730,420 0 0
GILEAD SCIENCES INC COM 375558103 25,749 262,400 SH   SOLE   262,400 0 0
GILEAD SCIENCES INC PUT 375558953 21,432 218,400 SH   SOLE   218,400 0 0
GLOBAL X FDS SILVER MNR ETF COM 37950E853 1,277 151,900 SH   SOLE   151,900 0 0
GOLDCORP INC COM 380956409 3,046 168,100 SH   SOLE   168,100 0 0
GOLDEN STAR RES LTD CDA COM 38119T104 1,427 5,890,355 SH   SOLE   5,890,355 0 0
GROUPE CGI INC CL A COM 39945C109 43,323 1,020,570 SH   SOLE   1,020,570 0 0
HARMONY GOLD MNG LTD SPONSORED ADR COM 413216300 25 14,500 SH   SOLE   14,500 0 0
HECLA MNG CO COM 422704106 326 109,315 SH   SOLE   109,315 0 0
HELMERICH & PAYNE INC COM 423452101 5,874 86,300 SH   SOLE   86,300 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 32,875 140,930 SH   SOLE   140,930 0 0
ISHARES TR RUSSELL 2000 ETF CALL 464287905 9,950 80,000 SH   SOLE   80,000 0 0
ISHARES TR MSCI EAFE ETF COM 464287465 462 7,200 SH   SOLE   7,200 0 0
ISHARES TR NASDQ BIOTEC ETF COM 464287556 206 600 SH   SOLE   600 0 0
ISHARES TR RUSSELL 2000 ETF COM 464287655 771 6,200 SH   SOLE   6,200 0 0
JACOBS ENGR GROUP INC COM 469814107 3,048 67,500 SH   SOLE   67,500 0 0
KINDER MORGAN INC COM 49456B101 429 10,194 SH   SOLE   10,194 0 0
KINROSS GOLD CORP COM 496902404 24 10,545 SH   SOLE   10,545 0 0
LAKE SHORE GOLD CORP COM 510728108 6,402 7,917,966 SH   SOLE   7,917,966 0 0
MAG SILVER CORP COM 55903Q104 10,901 1,772,454 SH   SOLE   1,772,454 0 0
MAGNA INTL INC COM 559222401 11,215 209,000 SH   SOLE   209,000 0 0
MAGNA INTL INC PUT 559222951 11,215 209,000 SH   SOLE   209,000 0 0
MARATHON PETE CORP COM 56585A102 256 2,500 SH   SOLE   2,500 0 0
MCEWEN MNG INC COM 58039P107 204 200,000 SH   SOLE   200,000 0 0
MEDICINES CO COM 584688105 3,362 120,000 SH   SOLE   120,000 0 0
MEMORIAL RESOURCE DEV CORP COM 58605Q109 3,991 225,000 SH   SOLE   225,000 0 0
MICRON TECHNOLOGY INC COM 595112103 4,349 160,310 SH   SOLE   160,310 0 0
MICROSOFT CORP COM 594918104 3,659 90,000 SH   SOLE   90,000 0 0
MKS INSTRUMENT INC COM 55306N104 5,410 160,000 SH   SOLE   160,000 0 0
MONDELEZ INTL INC CL A COM 609207105 213 5,902 SH   SOLE   5,902 0 0
MONSANTO CO COM 61166W101 885 7,863 SH   SOLE   7,863 0 0
MOSAIC CO COM 61945C103 4,961 107,715 SH   SOLE   107,715 0 0
MOUNTAIN PROV DIAMONDS INC COM 62426E402 54 14,350 SH   SOLE   14,350 0 0
NEVSUN RES LTD COM 64156L101 3,788 1,117,264 SH   SOLE   1,117,264 0 0
NORDIC AMERICAN TANKERS COM G65773106 262 22,000 SH   SOLE   22,000 0 0
NU SKIN ENTERPRISES INC CL A COM 67018T105 5,569 92,500 SH   SOLE   92,500 0 0
NXP SEMICONDUCTORS N V COM N6596X109 34,436 343,120 SH   SOLE   343,120 0 0
PAN AMERICAN SILVER CORP COM 697900108 7,427 846,875 SH   SOLE   846,875 0 0
PEMBINA PIPELINE CORP COM 706327103 304 9,587 SH   SOLE   9,587 0 0
PFIZER INC COM 717081103 29,310 842,480 SH   SOLE   842,480 0 0
PLATINUM GROUP METALS LTD COM 72765Q205 3,185 5,677,446 SH   SOLE   5,677,446 0 0
POTASH CORP SASK INC COM 73755L107 1,105 34,253 SH   SOLE   34,253 0 0
POWERSHARES QQQ TRUST PUT 73935A954 125,664 1,190,000 SH   SOLE   1,190,000 0 0
PRETIUM RES INC COM 74139C102 9,242 1,833,710 SH   SOLE   1,833,710 0 0
PRIMERO MNG CORP COM 74164W106 381 111,111 SH   SOLE   111,111 0 0
PROGRESSIVE WASTE SOLUTIONS COM 74339G101 8,335 283,710 SH   SOLE   283,710 0 0
PROLOGIS INC COM 74340W103 230 5,290 SH   SOLE   5,290 0 0
PUBLIC STORAGE COM 74460D109 256 1,300 SH   SOLE   1,300 0 0
RANDGOLD RES LTD ADR COM 752344309 14,234 205,479 SH   SOLE   205,479 0 0
RIO ALTO MNG LTD COM 76689T104 556 225,000 SH   SOLE   225,000 0 0
ROYAL BK CDA COM 780087102 966 16,000 SH   SOLE   16,000 0 0
ROYAL DUTCH SHELL PLC SPONS ADR CL A COM 780259206 204 3,420 SH   SOLE   3,420 0 0
ROYAL GOLD INC COM 780287108 902 14,291 SH   SOLE   14,291 0 0
RUBICON MINERALS CORP COM 780911103 312 328,583 SH   SOLE   328,583 0 0
SANDISK CORP COM 80004C101 3,340 52,500 SH   SOLE   52,500 0 0
SCORPIO TANKERS INC COM Y7542C106 283 30,000 SH   SOLE   30,000 0 0
SELECT SECTOR SPDR TR CONS DISCR COM 81369Y407 279 3,700 SH   SOLE   3,700 0 0
SILVER BULL RES INC COM 827458100 370 3,424,437 SH   SOLE   3,424,437 0 0
SILVER STD RES INC COM 82823L106 175 38,570 SH   SOLE   38,570 0 0
SILVER WHEATON CORP COM 828336107 11,164 586,947 SH   SOLE   586,947 0 0
SILVERCORP METALS INC COM 82835P103 402 341,100 SH   SOLE   341,100 0 0
SILVERCREST MINES INC COM 828365106 7,465 6,786,492 SH   SOLE   6,786,492 0 0
SIMON PPTY GROUP INC COM 828806109 254 1,300 SH   SOLE   1,300 0 0
SPDR EURO STOXX 50 ETF COM 78463X202 625 16,100 SH   SOLE   16,100 0 0
SPDR S&P 500 ETF PUT 78462F953 196,108 950,000 SH   SOLE   950,000 0 0
SPDR S&P 500 ETF COM 78462F103 5,181 25,100 SH   SOLE   25,100 0 0
SPDR S&P REGIONAL BANKING ETF CALL 78464A908 7,349 180,000 SH   SOLE   180,000 0 0
SPDR S&P DIVIDEND ETF COM 78464A763 289 3,700 SH   SOLE   3,700 0 0
SPROTT PHYSICAL GOLD TRUST COM 85207H104 16,933 1,731,354 SH   SOLE   1,731,354 0 0
SPROTT PHYSICAL PLAT PALLAD COM 85207Q104 672 83,500 SH   SOLE   83,500 0 0
SPROTT PHYSICAL SILVER TRUST COM 85207K107 3,550 548,644 SH   SOLE   548,644 0 0
TAHOE RES INC COM 873868103 7,904 721,174 SH   SOLE   721,174 0 0
TALISMAN ENERGY INC COM 87425E103 36,526 4,755,960 SH   SOLE   4,755,960 0 0
TESORO CORP COM 881609101 420 4,600 SH   SOLE   4,600 0 0
TIMMINS GOLD CORP COM 88741P103 833 1,220,800 SH   SOLE   1,220,800 0 0
TOTAL SA SPONSORED ADR COM 89151E109 273 5,500 SH   SOLE   5,500 0 0
TRANSCANADA CORP COM 89353D107 214 5,000 SH   SOLE   5,000 0 0
U S GEOTHERMAL INC COM 90338S102 1,581 3,309,281 SH   SOLE   3,309,281 0 0
UNION PAC CORP COM 907818108 13,778 127,210 SH   SOLE   127,210 0 0
UNITED STATES OIL FUND LP COM 91232N108 273 16,200 SH   SOLE   16,200 0 0
UNITEDHEALTH GROUP INC COM 91324P102 14,491 122,500 SH   SOLE   122,500 0 0
UNITEDHEALTH GROUP INC PUT 91324P952 14,491 122,500 SH   SOLE   122,500 0 0
VALERO ENERGY CORP COM 91913Y100 439 6,900 SH   SOLE   6,900 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 25,130 516,769 SH   SOLE   516,769 0 0
VISTA GOLD CORP COM 927926303 388 1,294,089 SH   SOLE   1,294,089 0 0
VODAFONE GROUP PLC COM 92857W308 14,166 433,472 SH   SOLE   433,472 0 0
WESTERN DIGITAL CORP COM 958102105 9,556 105,000 SH   SOLE   105,000 0 0
WEYERHAEUSER CO COM 962166104 282 8,505 SH   SOLE   8,505 0 0
WHITEWAVE FOODS CO COM 966244105 225 5,075 SH   SOLE   5,075 0 0
YAMANA GOLD INC COM 98462Y100 60 16,667 SH   SOLE   16,667 0 0
ZOETIS INC CL A COM 98978V103 319 6,895 SH   SOLE   6,895 0 0