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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 3,822 22,123 SH   SOLE   22,123 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 114,854 518,515 SH   SOLE   518,515 0 0
ALPHABET INC CAP STK CL A 02079K305 2,742 2,816 SH   SOLE   2,816 0 0
ANGLOGOLD ASHANTI LTD SPONS ADR 035128206 16,933 1,823,642 SH   SOLE   1,823,642 0 0
APACHE CORP COM 037411105 916 20,000 SH   SOLE   20,000 0 0
APPLE INC COM 037833100 120,096 779,795 SH   SOLE   779,795 0 0
ARCH CAP GROUP LTD ORD G0450A105 591 6,000 SH   SOLE   6,000 0 0
AVON PRODS INC COM 054303102 117 50,000 SH   SOLE   50,000 0 0
BARRICK GOLD CORP COM 067901108 34,009 2,113,020 SH   SOLE   2,113,020 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 916 5,000 SH   SOLE   5,000 0 0
BANK AMER CORP WEXP10/28/201 060505153 629 800,000 SH   SOLE   800,000 0 0
BLACKBERRY LTD COM 09228F103 1,592 142,500 SH   SOLE   142,500 0 0
CANADIAN SOLAR INC COM 136635109 36,820 2,185,794 SH   SOLE   2,185,794 0 0
CISCO SYS INC COM 17275R102 3,458 102,830 SH   SOLE   102,830 0 0
COEUR MNG INC COM NEW 192108504 1,839 200,000 SH   SOLE   200,000 0 0
COTY INC COM CL A 222070203 826 50,000 SH   SOLE   50,000 0 0
COWEN GROUP INC NEW CL A 223622606 279 15,705 SH   SOLE   15,705 0 0
DAVITA INC COM 23918K108 2,970 50,000 SH   SOLE   50,000 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 125,343 1,273,875 SH   SOLE   1,273,875 0 0
DIANA SHIPPING INC COM Y2066G104 1,832 503,887 SH   SOLE   503,887 0 0
DOWDUPONT INC COM 26078J100 1,032 14,916 SH   SOLE   14,916 0 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 785 8,877 SH   SOLE   8,877 0 0
DRDGOLD LIMITED SPON ADR REPSTG 26152H301 9,641 2,478,290 SH   SOLE   2,478,290 0 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 1,731 14,870 SH   SOLE   14,870 0 0
EMERSON ELEC CO COM 291011104 9,510 151,322 SH   SOLE   151,322 0 0
EXXON MOBIL CORP COM 30231G102 112,341 1,370,513 SH   SOLE   1,370,513 0 0
FLUOR CORP NEW COM 343412102 1,348 32,025 SH   SOLE   32,025 0 0
GENERAL ELECTRIC CO COM 369604103 865 35,800 SH   SOLE   35,800 0 0
GILEAD SCIENCES INC COM 375558103 1,122 13,849 SH   SOLE   13,849 0 0
Gold Fields Ltd SPONS ADR 38059T106 29,986 6,949,214 SH   SOLE   6,949,214 0 0
GOLDCORP INC NEW COM 380956409 23,657 1,824,656 SH   SOLE   1,824,656 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 2,054 1,125,555 SH   SOLE   1,125,555 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 6,039 279,390 SH   SOLE   279,390 0 0
INGEVITY CORP COM 45688C107 936 14,979 SH   SOLE   14,979 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 932 16,000 SH   SOLE   16,000 0 0
JPMORGAN CHASE & CO COM 46625H100 72,520 759,494 SH   SOLE   759,494 0 0
KINROSS GOLD CORP COM NO PAR 496902404 91,376 21,524,023 SH   SOLE   21,524,023 0 0
LAMB WESTON HLDGS INC COM 513272104 143,393 3,059,050 SH   SOLE   3,059,050 0 0
LEIDOS HLDGS INC COM 525327102 1,078 18,200 SH   SOLE   18,200 0 0
LENNAR CORP CL A 526057104 23,055 436,604 SH   SOLE   436,604 0 0
LEUCADIA NATL CORP COM 527288104 73,062 2,894,110 SH   SOLE   2,894,110 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 1,046 32,000 SH   SOLE   32,000 0 0
M & T BK CORP COM 55261F104 4,404 27,350 SH   SOLE   27,350 0 0
MARSH & MCLENNAN COS INC COM 571748102 327 3,900 SH   SOLE   3,900 0 0
MCKESSON CORP COM 58155Q103 218,033 1,419,119 SH   SOLE   1,419,119 0 0
MERCK & CO INC NEW COM 58933Y105 764 11,929 SH   SOLE   11,929 0 0
MICROSOFT CORP COM 594918104 36,061 484,400 SH   SOLE   484,400 0 0
NEWMONT MINING CORP COM 651639106 7,547 201,273 SH   SOLE   201,273 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,679 26,150 SH   SOLE   26,150 0 0
ORACLE CORP COM 68389X105 258,371 5,346,530 SH   SOLE   5,346,530 0 0
PERSHING GOLD CORP COM NEW 715302204 1,786 603,464 SH   SOLE   603,464 0 0
PHILLIPS 66 COM 718546104 79,050 863,134 SH   SOLE   863,134 0 0
PLATINUM GROUP METALS LTD COM 72765Q601 648 1,543,133 SH   SOLE   1,543,133 0 0
PROCTER & GAMBLE CO COM 742718109 1,053 11,575 SH   SOLE   11,575 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 325 5,200 SH   SOLE   5,200 0 0
SEACOR HOLDINGS INC COM 811904101 969 21,000 SH   SOLE   21,000 0 0
SEACOR MARINE HLDGS INC COM 78413P101 557 35,583 SH   SOLE   35,583 0 0
TENARIS S A SPONSORED ADR 88031M109 162,800 5,749,617 SH   SOLE   5,749,617 0 0
THOMSON REUTERS CORP COM 884903105 4,712 102,695 SH   SOLE   102,695 0 0
TWITTER INC COM 90184L102 199 11,800 SH   SOLE   11,800 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 37,227 1,563,850 SH   SOLE   1,563,850 0 0
BANCORP DEL COM NEW 902973304 105,725 1,973,404 SH   SOLE   1,973,404 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 2,408 104,838 SH   SOLE   104,838 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 1,352 40,239 SH   SOLE   40,239 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 808 16,330 SH   SOLE   16,330 0 0
VISTRA ENERGY CORP COM 92840M102 1,122 60,000 SH   SOLE   60,000 0 0
WAL MART STORES INC COM 931142103 680 8,699 SH   SOLE   8,699 0 0
DISNEY WALT CO COM DISNEY 254687106 251,873 2,555,661 SH   SOLE   2,555,661 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 64,738 3,390,015 SH   SOLE   3,390,015 0 0
YUM BRANDS INC COM 988498101 515 7,000 SH   SOLE   7,000 0 0