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 1,647 10,000 SH   SOLE   10,000 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 6,991 29,603 SH   SOLE   29,603 0 0
ALPHABET INC CAP STK CL A 02079K305 2,135 1,768 SH   SOLE   1,768 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 1,136 27,500 SH   SOLE   27,500 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,598 30,000 SH   SOLE   30,000 0 0
ANGLOGOLD ASHANTI LTD SPONS ADR 035128206 58,900 6,868,754 SH   SOLE   6,868,754 0 0
APACHE CORP COM 037411105 954 20,000 SH   SOLE   20,000 0 0
APERGY CORP COM 03755L104 44,888 1,029,899 SH   SOLE   1,029,899 0 0
APPLE INC COM 037833100 37,486 166,042 SH   SOLE   166,042 0 0
APTIV PLC SHS G6095L109 41,886 499,268 SH   SOLE   499,268 0 0
AVON PRODS INC COM 054303102 110 50,000 SH   SOLE   50,000 0 0
BARRICK GOLD CORP COM 067901108 194,118 17,512,029 SH   SOLE   17,512,029 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,071 5,000 SH   SOLE   5,000 0 0
BLACKBERRY LTD COM 09228F103 1,964 172,500 SH   SOLE   172,500 0 0
CANADIAN SOLAR INC COM 136635109 1,440 99,288 SH   SOLE   99,288 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 8,048 1,144,000 SH   SOLE   1,144,000 0 0
CIGNA CORPORATION COM 125509109 302,517 1,452,665 SH   SOLE   1,452,665 0 0
CISCO SYS INC COM 17275R102 1,605 32,971 SH   SOLE   32,971 0 0
CLEVELAND CLIFFS INC COM 185899101 202,996 16,040,992 SH   SOLE   16,040,992 0 0
COEUR MNG INC COM NEW 192108504 7,951 1,493,063 SH   SOLE   1,493,063 0 0
COTY INC COM CL A 222070203 1,883 150,000 SH   SOLE   150,000 0 0
CRITEO S A SPONS ADS 226718104 688 30,000 SH   SOLE   30,000 0 0
DEERE & CO COM 244199105 1,022 6,800 SH   SOLE   6,800 0 0
DELPHI TECHNOLOGIES PLC SHS G2709G107 67,270 2,144,756 SH   SOLE   2,144,756 0 0
DIANA SHIPPING INC COM Y2066G104 1,827 443,887 SH   SOLE   443,887 0 0
DOWDUPONT INC COM 26078J100 238,113 3,702,299 SH   SOLE   3,702,299 0 0
DRDGOLD LIMITED SPON ADR REPSTG 26152H301 7,292 3,006,996 SH   SOLE   3,006,996 0 0
EAGLE MATERIALS INC COM 26969P108 341 4,000 SH   SOLE   4,000 0 0
EXXON MOBIL CORP COM 30231G102 331,289 3,896,376 SH   SOLE   3,896,376 0 0
FOOT LOCKER INC COM 344849104 14,135 277,247 SH   SOLE   277,247 0 0
FORTUNE BRANDS HOME & SEC IN COM 34964C106 655 12,500 SH   SOLE   12,500 0 0
FREEPORT-MCMORAN INC CL B 35671D857 2,824 202,976 SH   SOLE   202,976 0 0
GENERAL ELECTRIC CO COM 369604103 969 85,800 SH   SOLE   85,800 0 0
GENERAL MTRS CO COM 37045V100 105,618 3,137,338 SH   SOLE   3,137,338 0 0
Gold Fields Ltd SPONS ADR 38059T106 43,675 18,010,449 SH   SOLE   18,010,449 0 0
GOLDCORP INC NEW COM 380956409 151,473 14,857,704 SH   SOLE   14,857,704 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 4,263 2,575,555 SH   SOLE   2,575,555 0 0
HOLLYSYS AUTOMATION TECHNOLO SHS G45667105 5,969 279,390 SH   SOLE   279,390 0 0
INGEVITY CORP COM 45688C107 960 9,416 SH   SOLE   9,416 0 0
JEFFERIES FINL GROUP INC COM 47233W109 36,832 1,676,918 SH   SOLE   1,676,918 0 0
JPMORGAN CHASE & CO COM 46625H100 3,418 30,292 SH   SOLE   30,292 0 0
KINROSS GOLD CORP COM NO PAR 496902404 143,370 54,719,689 SH   SOLE   54,719,689 0 0
L BRANDS INC COM 501797104 333 11,000 SH   SOLE   11,000 0 0
LEIDOS HLDGS INC COM 525327102 367 5,300 SH   SOLE   5,300 0 0
LENNAR CORP CL A 526057104 5,275 112,977 SH   SOLE   112,977 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 1,072 38,000 SH   SOLE   38,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 310 3,750 SH   SOLE   3,750 0 0
MATTEL INC COM 577081102 628 40,000 SH   SOLE   40,000 0 0
MCKESSON CORP COM 58155Q103 76,877 579,529 SH   SOLE   579,529 0 0
MICROSOFT CORP COM 594918104 7,190 62,811 SH   SOLE   62,811 0 0
MOHAWK INDS INC COM 608190104 1,578 9,000 SH   SOLE   9,000 0 0
NATIONAL OILWELL VARCO INC COM 637071101 180,734 4,196,796 SH   SOLE   4,196,796 0 0
NEWELL BRANDS INC COM 651229106 609 30,000 SH   SOLE   30,000 0 0
NEWMONT MINING CORP COM 651639106 29,411 973,382 SH   SOLE   973,382 0 0
PATTERSON UTI ENERGY INC COM 703481101 929 54,302 SH   SOLE   54,302 0 0
PERSHING GOLD CORP COM NEW 715302204 2,247 1,812,277 SH   SOLE   1,812,277 0 0
PHILLIPS 66 COM 718546104 3,629 32,202 SH   SOLE   32,202 0 0
PLATINUM GROUP METALS LTD COM 72765Q601 199 1,384,218 SH   SOLE   1,384,218 0 0
RANDGOLD RES LTD ADR 752344309 5,377 76,276 SH   SOLE   76,276 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 369 5,200 SH   SOLE   5,200 0 0
SEACOR HOLDINGS INC COM 811904101 939 19,000 SH   SOLE   19,000 0 0
SIBANYE STILLWATER SPONSORED ADR 825724206 125 50,400 SH   SOLE   50,400 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 350 3,100 SH   SOLE   3,100 0 0
SPECTRUM BRANDS HLDGS INC NE COM 84790A105 821 11,000 SH   SOLE   11,000 0 0
TENARIS S A SPONSORED ADR 88031M109 29,552 881,511 SH   SOLE   881,511 0 0
KRAFT HEINZ CO COM 500754106 689 12,500 SH   SOLE   12,500 0 0
TIDEWATER INC NEW COM 88642R109 935 30,000 SH   SOLE   30,000 0 0
TORTOISE MLP FD INC COM 89148B101 3,309 205,839 SH   SOLE   205,839 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 7,876 849,141 SH   SOLE   849,141 0 0
BANCORP DEL COM NEW 902973304 1,702 32,223 SH   SOLE   32,223 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 882 47,627 SH   SOLE   47,627 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 988 36,073 SH   SOLE   36,073 0 0
WAL MART STORES INC COM 931142103 328 3,492 SH   SOLE   3,492 0 0
DISNEY WALT CO COM DISNEY 254687106 456,544 3,904,593 SH   SOLE   3,904,593 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 108,490 6,754,887 SH   SOLE   6,754,887 0 0
YY INC ADS REPCOM CLA 98426T106 4,682 62,500 SH   SOLE   62,500 0 0