Smith Affiliated Capital 13F-HR Quarterly holdings report by institutional manager

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

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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
CENTRAL FD CDA LTD	A-Share	153501101	56,521,386	4,584,054	PRN		SOLE		0	0	4,584,054
U.S. BANCORP 5.300 2/02	A-Share	902973AZ9	1,304,625	1,225,000	PRN		SOLE		0	0	1,225,000
TRANSCANADA TRUS 5.300 3/15	A-Share	89356BAC2	1,015,664	988,000	PRN		SOLE		0	0	988,000
DOMINION RESOURC 5.750 10/01	A-Share	25746UBY4	945,880	884,000	PRN		SOLE		0	0	884,000
PRUDENTIAL FINAN 5.200 3/15/44	A-Share	744320AN2	901,000	850,000	PRN		SOLE		0	0	850,000
NATIONAL RURAL U 5.250 4/20/46	A-Share	637432NK7	857,902	815,000	PRN		SOLE		0	0	815,000
NORTHERN TRUST C 4.600 4/01	A-Share	665859AQ7	757,500	750,000	PRN		SOLE		0	0	750,000
JPMORGAN CHASE & 7.900 4/29/49	A-Share	46625HHA1	675,675	650,000	PRN		SOLE		0	0	650,000
THE CHARLES SCHW 4.625 12/29	A-Share	808513AP0	612,750	600,000	PRN		SOLE		0	0	600,000
AMERICAN EXPRESS 5.200 5/29/49	A-Share	025816BJ7	569,938	550,000	PRN		SOLE		0	0	550,000
THE CHUBB CORPOR 6.375 3/29	A-Share	171232AP6	530,988	535,000	PRN		SOLE		0	0	535,000
THE ALLSTATE COR 5.750 8/15	A-Share	020002BB6	547,500	500,000	PRN		SOLE		0	0	500,000
STATE STREET COR 5.250 12/29/49	A-Share	857477AQ6	527,500	500,000	PRN		SOLE		0	0	500,000
BANK OF NEW YORK 4.950 12/29/49	A-Share	064058AD2	521,500	500,000	PRN		SOLE		0	0	500,000
BNSF FUNDING TRU 6.613 12/15	A-Share	05567SAA0	567,749	493,000	PRN		SOLE		0	0	493,000
WELLS FARGO & CO 7.980 3/29/49	A-Share	949746PM7	508,988	490,000	PRN		SOLE		0	0	490,000
JPMORGAN CHASE & 5.150 5/01/23	A-Share	48124BAC9	411,800	400,000	PRN		SOLE		0	0	400,000
SPROTT PHYSICAL GOLD TRUST	A-Share	85207H104	3,599,290	355,310	PRN		SOLE		0	0	355,310
PNC FINANCIAL SE 5.000 11/01	A-Share	693475AQ8	206,000	200,000	PRN		SOLE		0	0	200,000
AMERICAN EXPRESS 4.900 9/15	A-Share	025816BL2	203,300	200,000	PRN		SOLE		0	0	200,000
MCEWEN MIN	A-Share	58039P107	136,684	51,971	PRN		SOLE		0	0	51,971
AGRITEK HLDGS INC	A-Share	00856J103	593	50,000	PRN		SOLE		0	0	50,000
PUBLIC STORAGE	A-Share	74460W800	1,050,400	41,600	PRN		SOLE		0	0	41,600
ENTERGY MISSISSIPPI, INC.	A-Share	29364N108	900,417	37,100	PRN		SOLE		0	0	37,100
SOUTHERN COMPANY	A-Share	842587206	864,576	31,600	PRN		SOLE		0	0	31,600
SCE TRUST V	A-Share	78409W201	644,470	22,300	PRN		SOLE		0	0	22,300
DOMINION ENERGY INC	A-Share	25746U844	455,577	18,100	PRN		SOLE		0	0	18,100
PNC FINANCIAL SERVICES GROUP INC	A-Share	693475832	434,860	17,000	PRN		SOLE		0	0	17,000
NAVIOS MARITIME PARTNERS L P	A-Share	Y62267102	17,490	11,000	PRN		SOLE		0	0	11,000
ISHARES TR RUSSELL 1000	A-Share	464287622	1,382,324	10,219	PRN		SOLE		0	0	10,219
ANNALY CAP MGMT INC	A-Share	035710409	120,500	10,000	PRN		SOLE		0	0	10,000
GENERAL ELECTRIC CO	A-Share	369604103	249,707	9,245	PRN		SOLE		0	0	9,245
THE CHARLES SCHWAB CORPORATION	A-Share	808513402	249,872	9,200	PRN		SOLE		0	0	9,200
OASIS PETE INC NEW	A-Share	674215108	64,400	8,000	PRN		SOLE		0	0	8,000
VERIZON COMMUNICATIONS INC.	A-Share	92343V302	193,824	7,200	PRN		SOLE		0	0	7,200
FREEPORT-MCMORAN, INC.	A-Share	35671D857	72,060	6,000	PRN		SOLE		0	0	6,000
ANNALY CAP MGMT INC	A-Share	035710888	127,850	5,000	PRN		SOLE		0	0	5,000
NEWMONT MINING CORP	A-Share	651639106	123,082	3,800	PRN		SOLE		0	0	3,800
PETROGRESS INC	A-Share	71650A101	144	3,345	PRN		SOLE		0	0	3,345
U.S. BANCORP	A-Share	902973833	95,008	3,200	PRN		SOLE		0	0	3,200
ISHARES TR	A-Share	46435G342	140,624	3,032	PRN		SOLE		0	0	3,032
COCA COLA CO	A-Share	191216100	135,582	3,023	PRN		SOLE		0	0	3,023
FRANCO NEVADA CORP	A-Share	351858105	208,182	2,885	PRN		SOLE		0	0	2,885
AMERICAN ELEC PWR INC	A-Share	025537101	187,569	2,700	PRN		SOLE		0	0	2,700
CONOCOPHILLIPS	A-Share	20825C104	114,296	2,600	PRN		SOLE		0	0	2,600
WHEATON PRECIOUS METALS CORP	A-Share	962879102	51,535	2,591	PRN		SOLE		0	0	2,591
BP PLC	A-Share	055622104	86,625	2,500	PRN		SOLE		0	0	2,500
BRISTOL MYERS SQUIBB CO	A-Share	110122108	128,657	2,309	PRN		SOLE		0	0	2,309
SOUTHWEST AIRLS CO	A-Share	844741108	127,946	2,059	PRN		SOLE		0	0	2,059
ROYAL GOLD INC	A-Share	780287108	156,340	2,000	PRN		SOLE		0	0	2,000
QWEST CORPORATION	A-Share	74913G105	51,260	2,000	PRN		SOLE		0	0	2,000
CARLYLE GROUP L P	A-Share	14309L102	39,500	2,000	PRN		SOLE		0	0	2,000
TEXAS INSTRS INC	A-Share	882508104	149,090	1,938	PRN		SOLE		0	0	1,938
SPDR GOLD TRUST	A-Share	78463V107	215,032	1,822	PRN		SOLE		0	0	1,822
VISA INC	A-Share	92826C839	168,804	1,800	PRN		SOLE		0	0	1,800
BLACKROCK CORPOR HI YLD FD INC	A-Share	09255P107	19,607	1,789	PRN		SOLE		0	0	1,789
DELTA AIR LINES INC DEL	A-Share	247361702	91,358	1,700	PRN		SOLE		0	0	1,700
JETBLUE AIRWAYS CORP	A-Share	477143101	38,811	1,700	PRN		SOLE		0	0	1,700
NISOURCE INC	A-Share	65473P105	40,576	1,600	PRN		SOLE		0	0	1,600
KRAFT HEINZ CO /THE	A-Share	500754106	137,024	1,600	PRN		SOLE		0	0	1,600
AGNICO EAGLE MINES LTD	A-Share	008474108	69,575	1,542	PRN		SOLE		0	0	1,542
PPG INDS INC	A-Share	693506107	158,342	1,440	PRN		SOLE		0	0	1,440
RANDGOLD RES LTD	A-Share	752344309	115,883	1,310	PRN		SOLE		0	0	1,310
ALTRIA GROUP INC	A-Share	02209S103	96,811	1,300	PRN		SOLE		0	0	1,300
SANOFI	A-Share	80105N105	59,888	1,250	PRN		SOLE		0	0	1,250
WGL HLDGS INC	A-Share	92924F106	95,277	1,142	PRN		SOLE		0	0	1,142
ISHARES BC 3-7 TREASURY BOND	A-Share	464288661	139,016	1,125	PRN		SOLE		0	0	1,125
LOWES COS INC	A-Share	548661107	85,283	1,100	PRN		SOLE		0	0	1,100
COLGATE PALMOLIVE CO	A-Share	194162103	81,543	1,100	PRN		SOLE		0	0	1,100
MPLX LP	A-Share	55336V100	36,406	1,090	PRN		SOLE		0	0	1,090
PFIZER INC	A-Share	717081103	33,590	1,000	PRN		SOLE		0	0	1,000
TPG SPECIALTY LENDING INC	A-Share	87265K102	20,450	1,000	PRN		SOLE		0	0	1,000
PROCTER & GAMBLE CO	A-Share	742718109	87,150	1,000	PRN		SOLE		0	0	1,000
COMCAST CORP NEW	A-Share	20030N101	38,920	1,000	PRN		SOLE		0	0	1,000
TJX COS INC NEW	A-Share	872540109	72,170	1,000	PRN		SOLE		0	0	1,000
AETNA INC NEW	A-Share	00817Y108	149,704	986	PRN		SOLE		0	0	986
GILEAD SCIENCES INC	A-Share	375558103	63,702	900	PRN		SOLE		0	0	900
DUKE ENERGY CORP NEW	A-Share	26441C204	72,723	870	PRN		SOLE		0	0	870
PEPSICO INC	A-Share	713448108	92,392	800	PRN		SOLE		0	0	800
CINCINNATI FINL CORP	A-Share	172062101	57,960	800	PRN		SOLE		0	0	800
DEVON ENERGY CORP NEW	A-Share	25179M103	25,576	800	PRN		SOLE		0	0	800
UNITED CONTINENTAL HLDGS	A-Share	910047109	56,438	750	PRN		SOLE		0	0	750
AMGEN INC	A-Share	031162100	121,422	705	PRN		SOLE		0	0	705
UNITED TECHNOLOGIES CORP	A-Share	913017109	84,012	688	PRN		SOLE		0	0	688
GENERAL MTRS CORP	A-Share	37045V100	23,578	675	PRN		SOLE		0	0	675
KIMBERLY CLARK CORP	A-Share	494368103	80,565	624	PRN		SOLE		0	0	624
DIAGEO P L C	A-Share	25243Q205	71,898	600	PRN		SOLE		0	0	600
CLOROX CO DEL	A-Share	189054109	79,944	600	PRN		SOLE		0	0	600
AMERICAN EXPRESS CO	A-Share	025816109	48,438	575	PRN		SOLE		0	0	575
WASTE MGMT INC DEL	A-Share	94106L109	40,343	550	PRN		SOLE		0	0	550
EMERSON ELEC CO	A-Share	291011104	32,791	550	PRN		SOLE		0	0	550
ROCKWELL AUTOMATION INC	A-Share	773903109	86,163	532	PRN		SOLE		0	0	532
MICROSOFT CORP	A-Share	594918104	34,465	500	PRN		SOLE		0	0	500
PAYCHEX INC	A-Share	704326107	28,470	500	PRN		SOLE		0	0	500
DTE ENERGY CO	A-Share	233331107	52,895	500	PRN		SOLE		0	0	500
SIEBERT FINL CORP	A-Share	826176109	1,970	500	PRN		SOLE		0	0	500
EQUIFAX INC	A-Share	294429105	61,839	450	PRN		SOLE		0	0	450
BOEING CO	A-Share	097023105	79,100	400	PRN		SOLE		0	0	400
VERIZON COMMUNICATIONS INC	A-Share	92343V104	17,864	400	PRN		SOLE		0	0	400
BORGWARNER INC	A-Share	099724106	16,944	400	PRN		SOLE		0	0	400
AIR PRODS & CHEMS INC	A-Share	009158106	57,224	400	PRN		SOLE		0	0	400
HONEYWELL INTL INC	A-Share	438516106	50,650	380	PRN		SOLE		0	0	380
3M CO	A-Share	88579Y101	67,662	325	PRN		SOLE		0	0	325
ROCKWELL COLLINS INC	A-Share	774341101	33,626	320	PRN		SOLE		0	0	320
JOHNSON & JOHNSON	A-Share	478160104	39,687	300	PRN		SOLE		0	0	300
INTERNATIONAL BUSINESS MACHS	A-Share	459200101	46,149	300	PRN		SOLE		0	0	300
EATON CORP	A-Share	G29183103	21,325	274	PRN		SOLE		0	0	274
THERMO FISHER SCIENTIFIC INC	A-Share	883556102	43,618	250	PRN		SOLE		0	0	250
ECOLAB INC	A-Share	278865100	33,188	250	PRN		SOLE		0	0	250
L BRANDS,	A-Share	501797104	11,856	220	PRN		SOLE		0	0	220
UNILEVER N V	A-Share	904784709	11,054	200	PRN		SOLE		0	0	200
APPLE INC	A-Share	037833100	28,804	200	PRN		SOLE		0	0	200
STARBUCKS CORP	A-Share	855244109	8,747	150	PRN		SOLE		0	0	150
PHILIP MORRIS INTL INC	A-Share	718172109	17,618	150	PRN		SOLE		0	0	150
MEDTRONIC PLC	A-Share	G5960L103	12,691	143	PRN		SOLE		0	0	143
ISHARES TR	A-Share	46429B747	12,046	120	PRN		SOLE		0	0	120
UNITED PARCEL SERVICE INC	A-Share	911312106	11,059	100	PRN		SOLE		0	0	100
REVLON INC	A-Share	761525609	2,370	100	PRN		SOLE		0	0	100
BIOGEN INC	A-Share	09062X103	27,136	100	PRN		SOLE		0	0	100
ALPHABET INC CLASS A	A-Share	02079K305	37,187	40	PRN		SOLE		0	0	40
GOOGLE INC CL C	A-Share	02079K107	36,349	40	PRN		SOLE		0	0	40
ISHARES TR	A-Share	464287226	1,424	13	PRN		SOLE		0	0	13