Total 2009Q2 Disclosure Value†:

2009Q2 Snapshot of Puplava Financial Services (PFS) Inc Holdings $137,821,000

Issuer Name 2009Q2%‡ 2009Q2 2009Q1%‡ 2009Q1 2008Q4 2008Q3 2008Q2 2008Q1 2007Q4 2007Q3 2007Q2 2007Q1

Central Fund of 5.96% 699164 16.02% 1374754 1960764 2021332 1271332 1214032 1152382 1247982 700500 706200
Canada Limited
(USA)
Kinross Gold 5.57% 423260 7.46% 427126 576449 678948 195414 0 0 0 0 0
Corporation (USA)
Silver Standard 5.13% 376987 5.33% 338237 432214 457064 426737 399192 325242 345316 338066 431641
Resources Inc. (USA)
Goldcorp Inc. (USA) 4.98% 197443 6.39% 196176 309583 314243 301475 285721 246332 271896 242353 225709
Silver Wheaton Corp. 4.44% 743528 5.97% 742795 924645 1009295 1021593 961703 661333 849535 727735 673135
(USA)
Agnico-Eagle Mines 4.25% 111626 6.06% 108983 177668 184228 172995 155845 154202 121295 122195 98435
Limited (USA)
Yamana Gold Inc. 4.21% 656547 5.47% 605147 857951 865051 476285 426301 353800 376995 61370 425560
(USA)
iShares IBoxx $ Invst 3.95% 54250 0.00% 0 0 0 0 0 0 0 0 0
Grade Bd Fd (ETF)
Minefinders Corp. 3.68% 732845 5.62% 746428 754175 800525 812085 717250 76950 37100 26500 21100
Ltd. (USA)
ProShares Short 3.65% 76600 0.00% 0 0 0 0 0 0 0 0 0
S&P500 (ETF)
iShares Barclays 3.47% 47000 0.00% 0 0 0 0 0 0 0 0 0
TIPS Bond Fund
(ETF)
PowerShares DB 3.45% 186661 3.92% 163936 155811 155104 155404 64704 65104 0 0 0
Agriculture Fund
Silvercorp Metals Inc. 3.22% 1265327 2.76% 1252270 1263370 1241370 1175850 1188900 369850 301950 271250
ProShares UltraShort 2.53% 185700 0.00% 0 0 0 0 0 0 0 0 0
Oil & Gas (ETF)
The Mosaic Company 2.21% 68695 3.60% 87700 0 0 0 0 0 0 0 0

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Issuer Name 2009Q2%‡ 2009Q2 2009Q1%‡ 2009Q1 2008Q4 2008Q3 2008Q2 2008Q1 2007Q4 2007Q3 2007Q2 2007Q1

Aqua America, Inc. 2.03% 156521 2.98% 152431 155381 159831 164731 145481 0 0 0 0
Royal Gold, Inc. 2.01% 66410 2.92% 63815 65990 76610 83760 74990 23250 33311 29416 0
Penn West Energy 2.01% 217183 2.00% 215890 206452 182550 185016 146389 108310 104008 94980 87420
Trust (USA)
Morgan Stanley 2.00% 96700 0.00% 0 0 0 0 0 0 0 0 0
Syngenta AG (ADR) 1.96% 58100 0.00% 0 0 0 0 0 0 0 0 0
Enerplus Resources 1.95% 125193 2.10% 131091 131099 0 5428 7180 0 4323 0 0
Fund (USA)
Chevron Corporation 1.89% 39348 0.28% 4298 4298 4643 4743 5298 4100 6233 2533 4768
Schlumberger Limited 1.88% 47854 2.79% 70304 43404 52504 50912 47637 37117 35050 32700 32900
Intel Corporation 1.84% 153200 0.00% 0 0 0 71958 75100 78711 0 0 0
Hugoton Royalty 1.46% 139016 1.16% 124615 125125 0 5532 0 0 0 0 0
Trust
ProShares UltraShort 1.44% 35895 0.00% 0 0 0 0 0 0 0 0 0
S&P500 (ETF)
Visa Inc. 1.40% 30925 0.00% 0 0 0 0
Transocean Inc. 1.39% 25711 1.57% 27318 0 33728 32991 27373 20668 27405
Lihir Gold Limited 1.19% 70525 0.99% 44525 56600 58800 14750 0 0 0 0 0
(ADR)
Pfizer Inc. 1.17% 107490 1.52% 114190 117890 122790 123185 117535 115127 0 0 0
San Juan Basin 1.10% 105902 1.34% 96302 93650 51625 53118 54685 48617 47663 45360 46135
Royalty Trust
Kimber Resources, 1.05% 2963921 1.79% 3005121 3047855 3230755 3307038 3325138 3264418 3319638 3325388 3E+06
Inc.
Pan American Silver 0.98% 73375 1.20% 70375 75975 65025 56275 46175 41030 22280 0 7600
Corp. (USA)
Companhia de 0.85% 39070 0.81% 38920 40320 45920 44620 0 0 0 0 0
Saneamento Basico
(ADR)

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Issuer Name 2009Q2%‡ 2009Q2 2009Q1%‡ 2009Q1 2008Q4 2008Q3 2008Q2 2008Q1 2007Q4 2007Q3 2007Q2 2007Q1

Chesapeake Energy 0.84% 58493 0.56% 33792 34492 41042 23517 57477 40920 38227 38627 41107
Corporation
ConocoPhillips 0.72% 23574 0.58% 15131 15836 17989 44811 45249 0 7655 7655 11670
National-Oilwell 0.70% 29750 0.34% 12200 12500 13500 0 0 0 0 0 0
Varco, Inc.
Zimmer Holdings, Inc. 0.69% 22200 0.00% 0 0 0 20035 20975 0 0 14050 14550
United States Natural 0.66% 65150 0.00% 0 0 0 0 0 0 0 0
Gas Fund, LP
Agrium Inc. (USA) 0.53% 18350 0.00% 0 0 0 0 0 0 0 0 0
Barrick Gold 0.51% 20775 0.00% 0 0 0 0 0 0 0 0 0
Corporation (USA)
Exxon Mobil 0.38% 7406 0.52% 7756 7356 7221 7221 7256 6780 7080 7080 7380
Corporation
Vista Gold Corp. 0.30% 238600 0.48% 242800 246500 301100 319300 281200 231000 247700 0
Market Vectors Gold 0.25% 9182 0.28% 7877 0 0 0 0 0 0 0 0
Miners (ETF)
iShares iBoxx $ High 0.23% 4000 0.00% 0 0 0 0 0 0 0 0
Yid Corp Bond (ETF)
PowerShares Global 0.21% 9800 0.00% 0 0
Gold&Precious Met
ETF
Noble Corporation 0.20% 8900 0.00% 0 0 17700 16600 14000 0 0 0 0
AT&T Inc. 0.19% 10433 0.00% 0 0 0 0 0 0 0 0 0
Freeport-McMoRan 0.19% 3250 0.20% 3250 0 0 0 0 0 0 0
Copper & Gold Inc.
PM
Golden Star 0.19% 126135 0.16% 114775 268750 603150 622250 675750 570200 410550 370050 64450
Resources Ltd. (USA)
McDonald's 0.18% 4400 0.00% 0 0 0 0 0 0 0 0 0
Corporation

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Issuer Name 2009Q2%‡ 2009Q2 2009Q1%‡ 2009Q1 2008Q4 2008Q3 2008Q2 2008Q1 2007Q4 2007Q3 2007Q2 2007Q1

Sempra Energy 0.18% 5000 0.23% 5000 5000 0 0 0 3284 0 0 3284

Northgate Minerals 0.17% 112633 0.13% 96433 96433 35933 28933 26433 0 29600 28600 384200
Corporation (USA)
Johnson & Johnson 0.17% 4200 0.00% 0 0 0 84253 77352 74193 71203 60788 59848
Eldorado Gold 0.17% 26400 0.22% 25400 24400 28600 34600 35800 0 37800 37030 33130
Corporation (USA)
Illinois Tool Works 0.17% 6300 0.00% 0 6300 6300 6300 6300 6300 6300 6300 6300
Inc.
Nuveen Quality 0.15% 16300 0.19% 16300 16300 15300 0 0 0 0 0 15350
Income Municipal
Fund Inc.
Precision Drilling 0.15% 42301 0.12% 44176 46626 53707 80360 80661 78650 75653 71950 66550
Trust (USA)
Marathon Oil 0.15% 6730 0.00% 0 0 46854 52194 53267 31814 35760 34080 52534
Corporation
iShares Silver Trust 0.14% 14350 0.13% 10200 11700 16700 0 1500 1582 0 0 0
(ETF)
Nuveen California 0.14% 16100 0.17% 16100 16100 16100 16100 16100 16100 16100 38600 38600
Quality Inc' Mun.
Fund
New Gold Inc. (USA) 0.11% 58180 0.11% 59180 47630 52550 0 0 0 0 0 10100
Claymore/MAC 0.11% 15600 0.00% 0 0 0 0
Global Solar Index
(ETF)
International Royalty 0.11% 45170 0.10% 49870 48670 77470 333805 323920 208500 207455 146000 235800
Corporation
PowerShares 0.11% 14400 0.11% 15450 15450 32800 31300 0 0 0 0 0
WilderHill Clean
Energy(ETF)
Rubicon Minerals 0.10% 45400 0.08% 50400 58900 75700 120100 123600 0 73400 60500 60500
Corp. (USA)

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Issuer Name 2009Q2%‡ 2009Q2 2009Q1%‡ 2009Q1 2008Q4 2008Q3 2008Q2 2008Q1 2007Q4 2007Q3 2007Q2 2007Q1

Nuveen California 0.10% 11800 0.12% 11800 11800 11800 11800 11800 11800 11800 11800 11800
Municipal Market
Opportunity Fun
Endeavour Silver 0.08% 62160 0.08% 50160 49160 60660 121010 123210 15000 108585 99385 94885
Corp. (CAN)
IAMGOLD 0.07% 10070 0.09% 10990 0 13396 25176 39250 0 40350 39778 412278
Corporation (USA)
Allied Nevada Gold 0.07% 11657 0.07% 11657 13657 18495 34084 34957 0 33353 32675
Corp.
Stone Energy 0.07% 12400 0.00% 0 0 32600 0 0 0 0 0 0
Corporation
Aberdeen Asia- 0.06% 15500 0.05% 10200 13200 10700 16042 21542 0 26026 26565 45465
Pacific Income Fund,
Inc.
Aurizon Mines 0.04% 15500 0.07% 15500 15500 25500 61600 61000 20100 54500 27600 21700
Ltd.(USA)
Great Basin Gold 0.04% 36700 0.05% 40200 40200 50700 77300 81300 0 78000 73500 71700
Ltd. (USA)
NovaGold Resources 0.03% 11000 0.03% 11000 11000 31000 41835 0 0 23335 23285 16785
Inc. (USA)
U.S. Gold 0.03% 16935 0.04% 17935 17935 40835 63145 68795 0 35300 26760 42280
Corporation
Denison Mines Corp. 0.02% 17511 0.01% 16511 18511 20011 20511 22656 14016 12666 17626 18288
Almaden Minerals 0.02% 35460 0.03% 35460 35460 44560 63960 65960 14130 65960 60910 59110
Ltd. (USA)
Alexco Resource 0.02% 11000 0.01% 11000 11000 11000 20100 20100 0 13100 13100 11100
Corp
Claude Resources 0.01% 15300 0.01% 15300 15300 41600 87400 89400 0 72200 66700 54200
Inc. (USA)
United States Oil 0.00% 0 1.20% 42350 0 0 0 2600 0 0 0 0
Fund LP (ETF)

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Issuer Name 2009Q2%‡ 2009Q2 2009Q1%‡ 2009Q1 2008Q4 2008Q3 2008Q2 2008Q1 2007Q4 2007Q3 2007Q2 2007Q1

Cameco Corporation 0.00% 0 0.80% 47617 48317 60417 62104 62054 53157 47387 39187 39247
(USA)
Powershares DB 0.00% 0 0.36% 18900 0 0 0 0 0 0 0 0
Energy Fund
Suncor Energy Inc. 0.00% 0 0.22% 10150 10150 20600 0 0 0 2160 18785 19930
(USA)
Coeur d'Alene Mines 0.00% 0 0.02% 20453 20453 22653 23953 23953 0 33003 36403 30803
Corporation
Total Records: 85

†Total quarterly disclosed value does not reflect all holdings. SEC 13F-HR disclosure requirements do not require that all securities be disclosed. Only
specific securities are required to be disclosed and those specific security disclosure requirements will change from quarter to quarter. Cash holdings
and other tangible assets like precious metals are not required to be disclosed.

‡Represents percentage of the value of the security holdings compared to the total quarterly disclosed va
01234567 Highlighted spaces and numbers represent securities that were not required to be reported by the SEC for that q
These reports are strictly to be used as a starting point to research securities. The information may or may not be correct. Economicminer and anyone
affiliated with Economicminer will not be held liable for any loss. Use these reports at your own risk.
Source: SEC EDGAR database

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