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
AEMETIS INC COM 00770K202 1,485 1,151,373 SH   SOLE   1,151,373 0 0
AFFILIATED MANAGERS GROUP COM 008252108 1,538 9,383 SH   SOLE   9,383 0 0
AGNICO EAGLE MINES LTD COM 008474108 22,949 540,732 SH   SOLE   540,732 0 0
ALAMOS GOLD INC COM 011532108 3,935 490,097 SH   SOLE   490,097 0 0
ALEXCO RESOURCE CORP COM 01535P106 683 446,174 SH   SOLE   446,174 0 0
ALLERGAN PLC COM G0177J108 1,768 7,398 SH   SOLE   7,398 0 0
ALPHABET INC COM 02079K107 2,489 3,000 SH   SOLE   3,000 0 0
ALPS ETF TR ALERIAN MLP COM 00162Q866 253 19,871 SH   SOLE   19,871 0 0
ALPS ETF TR SPROTT GOLD MINERS COM 00162Q643 2,155 107,285 SH   SOLE   107,285 0 0
ALPS ETF TR SPROTT JR GOLD MINERS COM 00162Q585 2,697 77,825 SH   SOLE   77,825 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 339 7,120 SH   SOLE   7,120 0 0
AMERICAN TOWER CORP COM 03027X100 1,863 15,325 SH   SOLE   15,325 0 0
AMERIPRISE FINL INC COM 03076C106 1,190 9,175 SH   SOLE   9,175 0 0
ANGLOGOLD ASHANTI LTD CALL 035128906 7,539 700,000 SH   SOLE   700,000 0 0
APPLE INC COM 037833100 12,794 89,055 SH   SOLE   89,055 0 0
ARTISAN PARTNERS ASSET MGMT CL A COM 04316A108 5,244 190,000 SH   SOLE   190,000 0 0
ASANKO GOLD INC COM 04341Y105 11,771 4,509,781 SH   SOLE   4,509,781 0 0
AVINO SILVER & GOLD MINES LTD COM 053906103 1,272 731,012 SH   SOLE   731,012 0 0
B2GOLD CORP COM 11777Q209 21,444 7,577,525 SH   SOLE   7,577,525 0 0
BANK AMER CORP COM 060505104 1,071 45,404 SH   SOLE   45,404 0 0
BARCLAYS BK PLC IPATH S&P500 VIX COM 06740Q252 387 24,500 SH   SOLE   24,500 0 0
BARRICK GOLD CORP COM 067901108 25,929 1,365,425 SH   SOLE   1,365,425 0 0
BAYTEX ENERGY CORP COM 07317Q105 1,573 460,000 SH   SOLE   460,000 0 0
BERKSHIRE HATHAWAY INC COM 084670702 6,234 37,400 SH   SOLE   37,400 0 0
BROOKFIELD INFRAST PARTNERS LP COM G16252101 27,012 698,530 SH   SOLE   698,530 0 0
BROOKFIELD PPTY PARTNERS LP COM G16249107 18,708 840,410 SH   SOLE   840,410 0 0
BUCKLE INC COM 118440106 3,813 205,000 SH   SOLE   205,000 0 0
CAL MAINE FOODS INC COM 128030202 7,766 211,033 SH   SOLE   211,033 0 0
CALLON PETE CO COM 13123X102 14,476 1,100,000 SH   SOLE   1,100,000 0 0
CAMECO CORP COM 13321L108 385 34,734 SH   SOLE   34,734 0 0
CANADIAN NAT RES LTD COM 136385101 495 15,100 SH   SOLE   15,100 0 0
CANADIAN PAC RY LTD COM 13645T100 2,196 14,950 SH   SOLE   14,950 0 0
CARBO CERAMICS INC COM 140781105 2,412 185,000 SH   SOLE   185,000 0 0
CATCHMARK TIMBER TR INC CL A COM 14912Y202 321 27,875 SH   SOLE   27,875 0 0
CBL & ASSOC PPTYS INC COM 124830100 321 33,625 SH   SOLE   33,625 0 0
CENTRAL FD CDA LTD CL A COM 153501101 20,524 1,595,930 SH   SOLE   1,595,930 0 0
CENTURY CMNTYS INC COM 156504300 5,217 205,378 SH   SOLE   205,378 0 0
CHICOS FAS INC COM 168615102 1,846 130,000 SH   SOLE   130,000 0 0
CIRRUS LOGIC INC COM 172755100 5,796 95,500 SH   SOLE   95,500 0 0
CISCO SYS INC COM 17275R102 1,388 41,075 SH   SOLE   41,075 0 0
COEUR MNG INC COM 192108504 12,017 1,487,192 SH   SOLE   1,487,192 0 0
COMCAST CORP COM 20030N101 19,907 529,576 SH   SOLE   529,576 0 0
COMPANIA DE MINAS BUENAVENTU SPON ADR COM 204448104 11,702 971,927 SH   SOLE   971,927 0 0
CRESCENT PT ENERGY CORP COM 22576C101 662 61,140 SH   SOLE   61,140 0 0
CROWN CASTLE INTL CORP COM 22822V101 1,240 13,130 SH   SOLE   13,130 0 0
DANAHER CORP COM 235851102 8,904 104,100 SH   SOLE   104,100 0 0
DENISON MINES CORP COM 248356107 28 44,936 SH   SOLE   44,936 0 0
DIREXION DAILY JR GOLD MINERS INDEX BEAR 3X COM 25490K141 297 20,000 SH   SOLE   20,000 0 0
DIREXION DAILY GOLD MINERS INDEX BEAR 1X COM 25490K174 341 13,000 SH   SOLE   13,000 0 0
DISCOVER FINL SVCS COM 254709108 34,249 500,785 SH   SOLE   500,785 0 0
DISCOVER FINL SVCS PUT 254709958 20,517 300,000 SH   SOLE   300,000 0 0
DISNEY WALT CO COM 254687106 754 6,650 SH   SOLE   6,650 0 0
DOMINION DIAMOND CORP COM 257287102 918 72,685 SH   SOLE   72,685 0 0
DRDGOLD LIMITED SPON ADR COM 26152H301 49 10,000 SH   SOLE   10,000 0 0
ELDORADO GOLD CORP COM 284902103 63 18,553 SH   SOLE   18,553 0 0
ENBRIDGE INC COM 29250N105 29,767 711,442 SH   SOLE   711,442 0 0
ENDEAVOUR SILVER CORP COM 29258Y103 1,592 500,759 SH   SOLE   500,759 0 0
ENERGY FUELS INC W EXP 09/20/2021 COM 292671179 356 277,778 SH   SOLE   277,778 0 0
ENERGY FUELS INC COM 292671708 98 45,000 SH   SOLE   45,000 0 0
ENTERPRISE PRODS PARTNERS LP COM 293792107 334 12,097 SH   SOLE   12,097 0 0
EURASIAN MINERALS INC COM 29843R100 8,119 8,637,003 SH   SOLE   8,637,003 0 0
EXXON MOBIL CORP COM 30231G102 5,749 70,100 SH   SOLE   70,100 0 0
FAIRMOUNT SANTROL HLDGS INC COM 30555Q108 18,046 2,462,000 SH   SOLE   2,462,000 0 0
FEDERATED INVS INC PA CL B COM 314211103 5,400 205,000 SH   SOLE   205,000 0 0
FEDEX CORP COM 31428X106 1,337 6,850 SH   SOLE   6,850 0 0
FERROGLOBE PLC COM G33856108 7,938 768,410 SH   SOLE   768,410 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 4,507 554,991 SH   SOLE   554,991 0 0
FISERV INC COM 337738108 37,280 323,300 SH   SOLE   323,300 0 0
FORTUNA SILVER MINES INC COM 349915108 5,300 1,019,300 SH   SOLE   1,019,300 0 0
FRANCO NEVADA CORP COM 351858105 7,661 116,949 SH   SOLE   116,949 0 0
FRANKLIN RES INC COM 354613101 12,368 293,500 SH   SOLE   293,500 0 0
FREEPORT-MCMORAN INC CL B COM 35671D857 197 14,777 SH   SOLE   14,777 0 0
FRP HLDGS INC COM 30292L107 3,600 90,000 SH   SOLE   90,000 0 0
GAMESTOP CORP COM 36467W109 10,035 445,000 SH   SOLE   445,000 0 0
GARMIN LTD COM H2906T109 4,498 88,000 SH   SOLE   88,000 0 0
GENERAL ELECTRIC CO COM 369604103 26,170 878,200 SH   SOLE   878,200 0 0
GENTEX CORP COM 371901109 8,447 396,000 SH   SOLE   396,000 0 0
GGP INC COM 36174X101 370 15,955 SH   SOLE   15,955 0 0
GLADSTONE INVT CORP COM 376546107 154 17,000 SH   SOLE   17,000 0 0
GOLD STD VENTURES CORP COM 380738104 215 99,500 SH   SOLE   99,500 0 0
GOLDCORP INC COM 380956409 17,531 1,201,566 SH   SOLE   1,201,566 0 0
GREAT PANTHER SILVER LTD COM 39115V101 919 560,666 SH   SOLE   560,666 0 0
GROUPE CGI INC CL A COM 39945C109 27,188 567,250 SH   SOLE   567,250 0 0
HECLA MNG CO COM 422704106 3,726 704,325 SH   SOLE   704,325 0 0
HELMERICH & PAYNE INC COM 423452101 6,367 95,650 SH   SOLE   95,650 0 0
HI-CRUSH PARTNERS LP COM 428337109 18,218 1,050,000 SH   SOLE   1,050,000 0 0
HOME DEPOT INC COM 437076102 10,733 73,100 SH   SOLE   73,100 0 0
HUDBAY MINERALS INC COM 443628102 295 45,000 SH   SOLE   45,000 0 0
HUDSON PAC PPTYS INC COM 444097109 283 8,170 SH   SOLE   8,170 0 0
INDUSTRIAS BACHOCO SAB SPON ADR COM 456463108 5,892 108,636 SH   SOLE   108,636 0 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104 17,860 298,321 SH   SOLE   298,321 0 0
ISHARES MSCI EURO FL ETF COM 464289180 845 41,597 SH   SOLE   41,597 0 0
ISHARES 20 YR TR BD ETF COM 464287432 334 2,763 SH   SOLE   2,763 0 0
ISHARES IBOXX HI YD ETF COM 464288513 1,387 15,800 SH   SOLE   15,800 0 0
ISHARES U.S. REAL ESTATE PUT 464287959 47,094 600,000 SH   SOLE   600,000 0 0
JPMORGAN CHASE & CO COM 46625H100 1,169 13,305 SH   SOLE   13,305 0 0
KEANE GROUP INC COM 48669A108 13,585 950,000 SH   SOLE   950,000 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 11,281 508,131 SH   SOLE   508,131 0 0
KINROSS GOLD CORP CALL 496902904 4,563 1,300,000 SH   SOLE   1,300,000 0 0
KINROSS GOLD CORP COM 496902404 354 100,952 SH   SOLE   100,952 0 0
KLONDEX MNS LTD COM 498696103 125 32,241 SH   SOLE   32,241 0 0
LAM RESEARCH CORP COM 512807108 4,108 32,000 SH   SOLE   32,000 0 0
MACQUARIE INFRASTRUCTURE CORP COM 55608B105 2,478 30,750 SH   SOLE   30,750 0 0
MAG SILVER CORP COM 55903Q104 13,006 990,581 SH   SOLE   990,581 0 0
MANULIFE FINL CORP COM 56501R106 14,428 813,295 SH   SOLE   813,295 0 0
MARCUS & MILLICHAP INC COM 566324109 2,212 90,000 SH   SOLE   90,000 0 0
MASTERCARD INCORPORATED CL A COM 57636Q104 2,171 19,300 SH   SOLE   19,300 0 0
MCEWEN MNG INC COM 58039P107 3,196 1,051,165 SH   SOLE   1,051,165 0 0
MEDTRONIC PLC COM G5960L103 846 10,500 SH   SOLE   10,500 0 0
MKS INSTRUMENT INC COM 55306N104 11,000 160,000 SH   SOLE   160,000 0 0
MOUNTAIN PROV DIAMONDS INC COM 62426E402 1,578 444,556 SH   SOLE   444,556 0 0
NEVSUN RES LTD COM 64156L101 8,749 3,417,751 SH   SOLE   3,417,751 0 0
NEW GOLD INC CDA COM 644535106 4,796 1,609,550 SH   SOLE   1,609,550 0 0
NEW GOLD INC CDA CALL 644535906 2,845 954,600 SH   SOLE   954,600 0 0
NEW MEDIA INVT GROUP INC COM 64704V106 710 50,000 SH   SOLE   50,000 0 0
NEWMONT MINING CORP COM 651639106 17,570 533,078 SH   SOLE   533,078 0 0
NEXTERA ENERGY INC COM 65339F101 342 2,665 SH   SOLE   2,665 0 0
NORTH AMERN ENERGY PARTNERS COM 656844107 91 18,400 SH   SOLE   18,400 0 0
NORTHERN DYNASTY MINERALS COM 66510M204 23 16,000 SH   SOLE   16,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 21,953 92,300 SH   SOLE   92,300 0 0
OASIS PETE INC COM 674215108 4,991 350,000 SH   SOLE   350,000 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 678 61,126 SH   SOLE   61,126 0 0
PAN AMERICAN SILVER CORP COM 697900108 13,367 762,953 SH   SOLE   762,953 0 0
PARSLEY ENERGY INC CL A COM 701877102 13,817 425,000 SH   SOLE   425,000 0 0
PEMBINA PIPELINE CORP COM 706327103 468 14,757 SH   SOLE   14,757 0 0
PEPSICO INC COM 713448108 9,530 85,200 SH   SOLE   85,200 0 0
PLATINUM GROUP METALS LTD COM 72765Q601 480 292,489 SH   SOLE   292,489 0 0
POTASH CORP SASK INC COM 73755L107 525 30,730 SH   SOLE   30,730 0 0
POWERSHS DB AGRICULTURE FD COM 73936B408 633 32,000 SH   SOLE   32,000 0 0
PRETIUM RES INC COM 74139C102 20,649 1,928,007 SH   SOLE   1,928,007 0 0
PROLOGIS INC COM 74340W103 306 5,900 SH   SOLE   5,900 0 0
QTS RLTY TR INC CL A COM 74736A103 737 15,125 SH   SOLE   15,125 0 0
RANDGOLD RES LTD ADR COM 752344309 4,931 56,491 SH   SOLE   56,491 0 0
RAYTHEON CO COM 755111507 1,513 9,920 SH   SOLE   9,920 0 0
RICHMONT MINES INC COM 76547T106 8,872 1,249,647 SH   SOLE   1,249,647 0 0
ROYAL GOLD INC COM 780287108 2,137 30,507 SH   SOLE   30,507 0 0
SANDERSON FARMS INC COM 800013104 12,584 121,190 SH   SOLE   121,190 0 0
SANDSTORM GOLD LTD COM 80013R206 174 40,727 SH   SOLE   40,727 0 0
SEABRIDGE GOLD INC COM 811916105 4,251 386,489 SH   SOLE   386,489 0 0
FINANCIAL SELECT SECTOR SPDR PUT 81369Y955 142,380 6,000,000 SH   SOLE   6,000,000 0 0
UTILITIES SELECT SECTOR SPDR PUT 81369Y956 35,917 700,000 SH   SOLE   700,000 0 0
CONSUMER STAPLES SELECT SECTOR SPDR PUT 81369Y958 109,160 2,000,000 SH   SOLE   2,000,000 0 0
SILVER STD RES INC COM 82823L106 6,631 624,989 SH   SOLE   624,989 0 0
SILVER WHEATON CORP COM 828336107 12,509 600,240 SH   SOLE   600,240 0 0
SIMON PPTY GROUP INC COM 828806109 378 2,195 SH   SOLE   2,195 0 0
SL GREEN RLTY CORP COM 78440X101 357 3,345 SH   SOLE   3,345 0 0
SMART SAND INC COM 83191H107 10,562 650,000 SH   SOLE   650,000 0 0
SPDR GOLD SHS CALL 78463V907 5,520 46,500 SH   SOLE   46,500 0 0
SPDR EURO STOXX CALL 78463X902 763,350 21,000,000 SH   SOLE   21,000,000 0 0
SPDR S&P 500 ETF PUT 78462F953 135,550 575,000 SH   SOLE   575,000 0 0
SPDR S&P 500 ETF COM 78462F103 3,230 13,700 SH   SOLE   13,700 0 0
SPDR BLOOMBERG BRCLYS COM 78464A417 1,389 37,600 SH   SOLE   37,600 0 0
SPROTT PHYSICAL GOLD TRUST COM 85207H104 1,364 133,423 SH   SOLE   133,423 0 0
SPROTT PHYSICAL PLAT PALLAD COM 85207Q104 797 102,900 SH   SOLE   102,900 0 0
SPROTT PHYSICAL SILVER TRUST COM 85207K107 952 137,997 SH   SOLE   137,997 0 0
SRC ENERGY INC COM 78470V108 7,596 900,000 SH   SOLE   900,000 0 0
SUNCOR ENERGY INC COM 867224107 21,822 709,672 SH   SOLE   709,672 0 0
SYNTEL INC COM 87162H103 5,386 320,000 SH   SOLE   320,000 0 0
TAHOE RES INC COM 873868103 4,505 561,001 SH   SOLE   561,001 0 0
THOR INDS INC COM 885160101 2,980 31,000 SH   SOLE   31,000 0 0
TIMMINS GOLD CORP COM 88741P103 13 34,315 SH   SOLE   34,315 0 0
TRANSCANADA CORP COM 89353D107 34,364 744,617 SH   SOLE   744,617 0 0
U S SILICA HLDGS INC COM 90346E103 14,397 300,000 SH   SOLE   300,000 0 0
UNIT CORP COM 909218109 4,711 195,000 SH   SOLE   195,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 22,742 138,660 SH   SOLE   138,660 0 0
URANIUM ENERGY CORP COM 916896103 295 207,886 SH   SOLE   207,886 0 0
VANECK VECTORS GOLD MINERS ETF CALL 92189F906 34,603 1,517,000 SH   SOLE   1,517,000 0 0
VISA INC CL A COM 92826C839 2,217 24,950 SH   SOLE   24,950 0 0
VISTA GOLD CORP COM 927926303 82 80,796 SH   SOLE   80,796 0 0
WASTE CONNECTIONS INC COM 94106B101 1,295 14,675 SH   SOLE   14,675 0 0
WESTERN DIGITAL CORP COM 958102105 8,955 108,500 SH   SOLE   108,500 0 0
WESTLAKE CHEM CORP COM 960413102 7,992 121,000 SH   SOLE   121,000 0 0
WILLIAMS SONOMA INC COM 969904101 2,011 37,500 SH   SOLE   37,500 0 0
WPX ENERGY INC COM 98212B103 14,729 1,100,000 SH   SOLE   1,100,000 0 0
YAMANA GOLD INC COM 98462Y100 136 49,228 SH   SOLE   49,228 0 0
YAMANA GOLD INC CALL 98462Y900 3,312 1,200,000 SH   SOLE   1,200,000 0 0