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
AES CORP COM 00130H105 1,207 90,000 SH   SOLE   90,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 1,854 10,000 SH   SOLE   10,000 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 16,704 71,627 SH   SOLE   71,627 0 0
ALPHABET INC CAP STK CL A 02079K305 2,104 1,863 SH   SOLE   1,863 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 379 10,000 SH   SOLE   10,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,590 30,000 SH   SOLE   30,000 0 0
ANGLOGOLD ASHANTI LTD SPONS ADR 035128206 56,950 6,940,892 SH   SOLE   6,940,892 0 0
APACHE CORP COM 037411105 935 20,000 SH   SOLE   20,000 0 0
APERGY CORP COM 03755L104 82,093 1,967,021 SH   SOLE   1,967,021 0 0
APPLE INC COM 037833100 44,302 242,201 SH   SOLE   242,201 0 0
APTIV PLC SHS G6095L109 55,594 606,691 SH   SOLE   606,691 0 0
AVON PRODS INC COM 054303102 81 50,000 SH   SOLE   50,000 0 0
BARRICK GOLD CORP COM 067901108 46,023 3,503,814 SH   SOLE   3,502,899 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 934 5,000 SH   SOLE   5,000 0 0
BLACKBERRY LTD COM 09228F103 1,374 142,500 SH   SOLE   142,500 0 0
CANADIAN SOLAR INC COM 136635109 1,266 103,405 SH   SOLE   103,405 0 0
CISCO SYS INC COM 17275R102 1,769 41,101 SH   SOLE   41,101 0 0
CLEVELAND CLIFFS INC COM 185899101 116,759 13,842,477 SH   SOLE   13,842,477 0 0
COEUR MNG INC COM NEW 192108504 10,617 1,396,105 SH   SOLE   1,396,105 0 0
COTY INC COM CL A 222070203 3,103 220,000 SH   SOLE   220,000 0 0
DAVITA INC COM 23918K108 903 13,000 SH   SOLE   13,000 0 0
DELPHI TECHNOLOGIES PLC SHS G2709G107 94,257 2,074,088 SH   SOLE   2,074,088 0 0
DIANA SHIPPING INC COM Y2066G104 2,137 443,887 SH   SOLE   443,887 0 0
DOWDUPONT INC COM 26078J100 225,087 3,412,744 SH   SOLE   3,412,744 0 0
DRDGOLD LIMITED SPON ADR REPSTG 26152H301 6,380 2,496,996 SH   SOLE   2,496,996 0 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 1,087 8,870 SH   SOLE   8,870 0 0
EXXON MOBIL CORP COM 30231G102 362,078 4,371,349 SH   SOLE   4,371,349 0 0
FIESTA RESTAURANT GROUP INC COM 31660B101 775 26,964 SH   SOLE   26,964 0 0
FOOT LOCKER INC COM 344849104 78,504 1,490,632 SH   SOLE   1,490,632 0 0
GENERAL ELECTRIC CO COM 369604103 1,168 85,800 SH   SOLE   85,800 0 0
GENERAL MTRS CO COM 37045V100 120,141 3,047,327 SH   SOLE   3,047,327 0 0
GILEAD SCIENCES INC COM 375558103 902 12,735 SH   SOLE   12,735 0 0
Gold Fields Ltd SPONS ADR 38059T106 48,018 13,469,406 SH   SOLE   13,469,406 0 0
GOLDCORP INC NEW COM 380956409 117,592 8,580,206 SH   SOLE   8,580,206 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 4,031 2,575,555 SH   SOLE   2,575,555 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 6,187 279,390 SH   SOLE   279,390 0 0
HRG GROUP INC COM 40434J100 1,964 150,000 SH   SOLE   150,000 0 0
INGEVITY CORP COM 45688C107 855 10,567 SH   SOLE   10,567 0 0
INTERPUBLIC GROUP COS INC COM 460690100 1,172 50,000 SH   SOLE   50,000 0 0
JEFFERIES FINL GROUP INC COM 47233W109 45,918 2,018,870 SH   SOLE   2,018,870 0 0
JPMORGAN CHASE & CO COM 46625H100 4,466 42,808 SH   SOLE   42,808 0 0
KINROSS GOLD CORP COM NO PAR 496902404 153,931 40,874,922 SH   SOLE   4,602,538 0 0
L BRANDS INC COM 501797104 848 23,000 SH   SOLE   23,000 0 0
LEIDOS HLDGS INC COM 525327102 826 14,000 SH   SOLE   14,000 0 0
LENNAR CORP CL A 526057104 5,950 113,347 SH   SOLE   113,347 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 2,076 78,000 SH   SOLE   78,000 0 0
M & T BK CORP COM 55261F104 4,889 28,731 SH   SOLE   28,731 0 0
MARSH & MCLENNAN COS INC COM 571748102 307 3,750 SH   SOLE   3,750 0 0
MATTEL INC COM 577081102 657 40,000 SH   SOLE   40,000 0 0
MCKESSON CORP COM 58155Q103 162,572 1,217,816 SH   SOLE   1,217,816 0 0
MICROSOFT CORP COM 594918104 7,304 74,071 SH   SOLE   74,071 0 0
MOHAWK INDS INC COM 608190104 1,371 6,400 SH   SOLE   6,400 0 0
NATIONAL OILWELL VARCO INC COM 637071101 170,243 3,923,108 SH   SOLE   3,923,108 0 0
NEWELL BRANDS INC COM 651229106 1,032 40,000 SH   SOLE   40,000 0 0
NEWMONT MINING CORP COM 651639106 4,355 115,436 SH   SOLE   115,436 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 473 5,650 SH   SOLE   5,650 0 0
ORACLE CORP COM 68389X105 4,856 110,190 SH   SOLE   110,190 0 0
PEPSICO INC COM 713448108 1,089 10,000 SH   SOLE   10,000 0 0
PERSHING GOLD CORP COM NEW 715302204 3,307 1,812,277 SH   SOLE   1,812,277 0 0
PHILIP MORRIS INTL INC COM 718172109 1,009 12,500 SH   SOLE   12,500 0 0
PHILLIPS 66 COM 718546104 5,516 49,116 SH   SOLE   49,116 0 0
PLATINUM GROUP METALS LTD COM 72765Q601 145 1,384,218 SH   SOLE   1,184,218 0 0
PROCTER & GAMBLE CO COM 742718109 904 11,575 SH   SOLE   11,575 0 0
RANDGOLD RES LTD ADR 752344309 1,001 12,980 SH   SOLE   12,980 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 378 5,200 SH   SOLE   5,200 0 0
SEACOR HOLDINGS INC COM 811904101 1,088 19,000 SH   SOLE   19,000 0 0
SHIRE PLC SPONSORED ADR 82481R106 54,551 323,113 SH   SOLE   323,113 0 0
TENARIS S A SPONSORED ADR 88031M109 95,966 2,638,258 SH   SOLE   2,638,258 0 0
THOMSON REUTERS CORP COM 884903105 548 13,596 SH   SOLE   13,248 0 0
TWITTER INC COM 90184L102 516 11,800 SH   SOLE   11,800 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 10,058 849,141 SH   SOLE   849,141 0 0
BANCORP DEL COM NEW 902973304 1,907 38,123 SH   SOLE   38,123 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 1,186 53,201 SH   SOLE   53,201 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 1,179 36,073 SH   SOLE   36,073 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 227 4,501 SH   SOLE   4,501 0 0
WAL MART STORES INC COM 931142103 512 5,977 SH   SOLE   5,977 0 0
DISNEY WALT CO COM DISNEY 254687106 417,261 3,977,520 SH   SOLE   3,977,520 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 57,790 2,615,598 SH   SOLE   1,582,847 0 0