Oppenheimer & Close 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

OMB APPROVAL

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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
1895 BANCORP OF WIS INC	COM	28252W105	150	15,790	SH		SOLE		15,790	0	0
AGNICO EAGLE MINES LTD	COM	008474108	885	17,285	SH		SOLE		17,285	0	0
ALAMOS GOLD INC NEW	COM CL A	011532108	894	147,880	SH		SOLE		136,080	0	11,800
ALLIED HEALTHCARE PRODS INC	COM NEW	019222207	322	171,822	SH		SOLE		171,822	0	0
AMERISERV FINL INC	COM	03074A102	639	154,055	SH		SOLE		154,055	0	0
AMREP CORP NEW	COM	032159105	508	74,073	SH		SOLE		74,073	0	0
BRT APARTMENTS CORP	COM	055645303	6,051	428,292	SH		SOLE		270,257	0	158,035
CBM BANCORP INC	COM	1248XT104	1,177	85,354	SH		SOLE		85,354	0	0
CISCO SYS INC	COM	17275R102	5,682	103,836	SH		SOLE		36,725	0	67,111
CORNING INC	COM	219350105	6,241	187,840	SH		SOLE		55,895	0	131,945
DORIAN LPG LTD	SHS USD	Y2106R110	10,385	1,151,354	SH		SOLE		636,657	0	514,697
EAGLE BANCORP MONT INC	COM	26942G100	1,501	90,426	SH		SOLE		90,426	0	0
ENGLOBAL CORP	COM	293306106	881	979,627	SH		SOLE		979,627	0	0
ENTEGRA FINL CORP	COM	29363J108	2,106	69,953	SH		SOLE		69,953	0	0
ESSA BANCORP INC	COM	29667D104	1,823	119,600	SH		SOLE		119,600	0	0
FIRST NORTHWEST BANCORP	COM	335834107	1,371	84,412	SH		SOLE		84,412	0	0
FRP HLDGS INC	COM	30292L107	1,328	23,822	SH		SOLE		23,822	0	0
FSB BANCORP INC	COM	30289C102	597	33,195	SH		SOLE		33,195	0	0
HECLA MNG CO	COM	422704106	973	540,700	SH		SOLE		500,700	0	40,000
HELMERICH & PAYNE INC	COM	423452101	3,864	76,352	SH		SOLE		25,432	0	50,920
HOME FED BANCORP INC LA NEW	COM	43708L108	1,274	38,329	SH		SOLE		38,329	0	0
HOMETRUST BANCSHARES INC	COM	437872104	5,612	223,236	SH		SOLE		162,270	0	60,966
IF BANCORP INC	COM	44951J105	1,008	48,250	SH		SOLE		48,250	0	0
JEFFERIES FINL GROUP INC	COM	47233W109	742	38,600	SH		SOLE		38,600	0	0
MCEWEN MNG INC	COM	58039P107	2,101	1,201,005	SH		SOLE		750,340	0	450,665
NEW GOLD INC CDA	COM	644535106	27	29,000	SH		SOLE		29,000	0	0
NEWMONT GOLDCORP CORPORATION	COM	651639106	726	18,897	SH		SOLE		18,897	0	0
PAN AMERICAN SILVER CORP	COM	697900108	1,197	92,730	SH		SOLE		81,884	0	10,846
PATHFINDER BANCORP INC MD	COM	70319R109	895	61,550	SH		SOLE		61,550	0	0
PICO HLDGS INC	COM NEW	693366205	269	23,200	SH		SOLE		23,200	0	0
POPULAR INC	COM NEW	733174700	916	16,900	SH		SOLE		16,900	0	0
SANDSTORM GOLD LTD	COM NEW	80013R206	873	157,600	SH		SOLE		143,600	0	14,000
SEACOR MARINE HLDGS INC	COM	78413P101	3,594	240,256	SH		SOLE		108,046	0	132,210
SEACOR HOLDINGS INC	COM	811904101	6,472	136,239	SH		SOLE		41,433	0	94,806
SILVERCREST METALS INC	COM	828363101	887	223,765	SH		SOLE		191,565	0	32,200
SOUND FINL BANCORP INC	COM	83607A100	1,622	47,518	SH		SOLE		47,518	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	9,156	68,745	SH		SOLE		41,630	0	27,115
SPROTT PHYSICAL GOLD & SILVE	TR UNIT	85208R101	953	72,045	SH		SOLE		16,120	0	55,925
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	875	34,265	SH		SOLE		0	0	34,265
WESTPORT FUEL SYSTEMS INC	COM NEW	960908309	40	15,000	SH		SOLE		15,000	0	0