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
ALAMOS GOLD INC NEW COM CL A 011532108 1,138 200,000 SH   SOLE   0 200,000 0
ALAMOS GOLD INC NEW COM CL A 011532108 1,992 350,000 SH   SOLE   0 350,000 0
ALCOA CORP COM 013872106 1,144 24,400 SH   SOLE   0 24,400 0
ALLEGION PUB LTD CO ORD SHS G0176J109 1,338 17,300 SH   SOLE   0 17,300 0
AMC NETWORKS INC CL A 00164V103 1,717 27,600 SH   SOLE   0 27,600 0
AMERICAN TOWER CORP NEW COM 03027X100 418 2,900 SH   SOLE   0 2,900 0
AMERICAN WTR WKS CO INC NEW COM 030420103 487 5,700 SH   SOLE   0 5,700 0
AMGEN INC COM 031162100 498 2,700 SH   SOLE   0 2,700 0
ARCH COAL INC CL A 039380407 1,114 14,200 SH   SOLE   0 14,200 0
AXCELIS TECHNOLOGIES INC COM NEW 054540208 942 47,600 SH   SOLE   0 47,600 0
B & G FOODS INC NEW COM 05508R106 1,166 39,000 SH   SOLE   0 39,000 0
BANK NEW YORK MELLON CORP COM 064058100 539 10,000 SH   SOLE   0 10,000 0
BAXTER INTL INC COM 071813109 583 7,900 SH   SOLE   0 7,900 0
BHP BILLITON LTD SPONSORED ADR 088606108 169 460 SH Call SOLE   0 460 0
BOEING CO COM 097023105 436 1,300 SH   SOLE   0 1,300 0
BP PLC SPONSORED ADR 055622104 154 510 SH Call SOLE   0 510 0
BRASKEM S A SP ADR PFD A 105532105 1,113 42,800 SH   SOLE   0 42,800 0
BROADCOM INC COM ADDED 11135F101 442 1,820 SH   SOLE   0 1,820 0
CABOT OIL & GAS CORP COM 127097103 445 18,700 SH   SOLE   0 18,700 0
CALEDONIA MNG CORP PLC SHS NEW G1757E113 531 62,911 SH   SOLE   0 62,911 0
CARNIVAL CORP UNIT 99/99/9999 143658300 355 6,200 SH   SOLE   0 6,200 0
CHEMOURS CO COM 163851108 1,415 31,900 SH   SOLE   0 31,900 0
CIENA CORP COM NEW 171779309 1,143 43,097 SH   SOLE   0 43,097 0
CNOOC LTD SPONSORED ADR 126132109 1,233 7,200 SH   SOLE   0 7,200 0
COCA COLA BOTTLING CO CONS COM 191098102 865 6,400 SH   SOLE   0 6,400 0
COMERICA INC COM 200340107 446 4,900 SH   SOLE   0 4,900 0
COMSTOCK MNG INC COM NEW 205750201 139 533,000 SH   SOLE   0 533,000 0
COMSTOCK MNG INC COM NEW 205750201 240 924,329 SH   SOLE   0 924,329 0
CONSTELLATION BRANDS INC CL A 21036P108 482 2,200 SH   SOLE   0 2,200 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 77 700 SH   SOLE   0 700 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 197 1,800 SH   SOLE   0 1,800 0
CORCEPT THERAPEUTICS INC COM 218352102 1,493 95,000 SH   SOLE   0 95,000 0
COSTCO WHSL CORP NEW COM 22160K105 439 2,100 SH   SOLE   0 2,100 0
CUTERA INC COM 232109108 1,028 25,500 SH   SOLE   0 25,500 0
CHEVRON CORP NEW COM 166764100 64 160 SH Call SOLE   0 160 0
DAQO NEW ENERGY CORP SPNSRD ADR NEW 23703Q203 174 4,905 SH   SOLE   0 4,905 0
DAQO NEW ENERGY CORP SPNSRD ADR NEW 23703Q203 832 23,400 SH   SOLE   0 23,400 0
DIREXION SHS ETF TR DAILY RUSSIA 3X 25460E828 95 5,000 SH   SOLE   0 5,000 0
DIREXION SHS ETF TR DLY GOLD INDX 3X 25460E844 1,581 65,000 SH   SOLE   0 65,000 0
DIREXION SHS ETF TR DLY GOLD INDX 3X 25460E844 1,946 80,000 SH   SOLE   0 80,000 0
DIREXION SHS ETF TR DAILY RUSSIA 3X 25490K273 323 7,600 SH   SOLE   0 7,600 0
DIREXION SHS ETF TR DAILY JR BULL 3X 25460E851 1,706 125,000 SH   SOLE   0 125,000 0
DIREXION SHS ETF TR DAILY JR BULL 3X 25460E851 2,048 150,000 SH   SOLE   0 150,000 0
DXC TECHNOLOGY CO COM 23355L106 347 4,300 SH   SOLE   0 4,300 0
ENERGIZER HLDGS INC NEW COM 29272W109 1,284 20,400 SH   SOLE   0 20,400 0
ENPRO INDS INC COM 29355X107 1,021 14,600 SH   SOLE   0 14,600 0
LAUDER ESTEE COS INC CL A 518439104 514 3,600 SH   SOLE   0 3,600 0
FREEPORT-MCMORAN INC CL B 35671D857 74 700 SH Call SOLE   0 700 0
FREEPORT-MCMORAN INC CL B 35671D857 22 400 SH Call SOLE   0 400 0
FREEPORT-MCMORAN INC CL B 35671D857 8 300 SH Call SOLE   0 300 0
FRANCO NEVADA CORP COM 351858105 20 150 SH Call SOLE   0 150 0
GLOBAL X FDS MSCI GREECE ETF 37950E366 0 0 SH   SOLE   0 0 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 113 1,000 SH Call SOLE   0 1,000 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 102 1,400 SH Call SOLE   0 1,400 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 55 1,100 SH Call SOLE   0 1,100 0
GOLD STD VENTURES CORP COM 380738104 1,365 1,000,000 SH   SOLE   0 1,000,000 0
GOLDEN STAR RES LTD CDA COM 38119T104 506 750,000 SH   SOLE   0 750,000 0
GOLDEN STAR RES LTD CDA COM 38119T104 1,688 2,500,000 SH   SOLE   0 2,500,000 0
GREAT PANTHER SILVER LTD COM 39115V101 878 750,000 SH   SOLE   0 750,000 0
HANESBRANDS INC COM 410345102 511 23,200 SH   SOLE   0 23,200 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 585 375,000 SH   SOLE   0 375,000 0
HAWAIIAN HOLDINGS INC COM 419879101 1,582 44,000 SH   SOLE   0 44,000 0
HOME DEPOT INC COM 437076102 566 2,900 SH   SOLE   0 2,900 0
HUMANA INC COM 444859102 446 1,500 SH   SOLE   0 1,500 0
INGERSOLL-RAND PLC SHS G47791101 467 5,200 SH   SOLE   0 5,200 0
INNOVATOR ETFS TR IBD 50 ETF 45782C102 70 2,000 SH   SOLE   0 2,000 0
INNOVATOR ETFS TR IBD 50 ETF 45782C102 193 5,500 SH   SOLE   0 5,500 0
KEYCORP NEW COM 493267108 504 25,800 SH   SOLE   0 25,800 0
KIMBERLY CLARK CORP COM 494368103 1,201 11,400 SH   SOLE   0 11,400 0
KIRKLAND LAKE GOLD LTD COM 49741E100 1,162 55,000 SH   SOLE   0 55,000 0
KIRKLAND LAKE GOLD LTD COM 49741E100 4,224 200,000 SH   SOLE   0 200,000 0
KLONDEX MNS LTD COM 498696103 7,809 3,380,446 SH   SOLE   0 3,380,446 0
KLONDEX MNS LTD COM 498696103 8,798 3,808,712 SH   SOLE   0 3,808,712 0
LGI HOMES INC COM 50187T106 918 15,900 SH   SOLE   0 15,900 0
LOUISIANA PAC CORP COM 546347105 1,051 38,600 SH   SOLE   0 38,600 0
LUXOFT HLDG INC ORD SHS CL A G57279104 170 4,600 SH   SOLE   0 4,600 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,208 11,000 SH   SOLE   0 11,000 0
MALLINCKRODT PUB LTD CO SHS G5785G107 1,504 80,600 SH   SOLE   0 80,600 0
MARATHON PETE CORP COM 56585A102 421 6,000 SH   SOLE   0 6,000 0
MECHEL PAO SPONSORED ADR NE 583840608 144 46,000 SH   SOLE   0 46,000 0
MEDIFAST INC COM 58470H101 1,409 8,800 SH   SOLE   0 8,800 0
MOBILE TELESYSTEMS PJSC SPONSORED ADR 607409109 205 23,200 SH   SOLE   0 23,200 0
NEVSUN RES LTD COM 64156L101 1,041 300,000 SH   SOLE   0 300,000 0
NEWMONT MINING CORP COM 651639106 1,886 50,000 SH   SOLE   0 50,000 0
NIC INC COM 62914B100 868 55,811 SH   SOLE   0 55,811 0
NUTRIEN LTD COM 67077M108 111 300 SH Call SOLE   0 300 0
ORACLE CORP COM 68389X105 419 9,500 SH   SOLE   0 9,500 0
PAN AMERICAN SILVER CORP COM 697900108 2,685 150,000 SH   SOLE   0 150,000 0
PEABODY ENERGY CORP NEW COM 704551100 1,542 33,900 SH   SOLE   0 33,900 0
PHIBRO ANIMAL HEALTH CORP CL A COM 71742Q106 1,520 33,000 SH   SOLE   0 33,000 0
PILGRIMS PRIDE CORP NEW COM 72147K108 866 43,000 SH   SOLE   0 43,000 0
PITNEY BOWES INC COM 724479100 1,191 139,000 SH   SOLE   0 139,000 0
POTLATCHDELTIC CORPORATION COM 737630103 1,520 29,900 SH   SOLE   0 29,900 0
PPG INDS INC COM 693506107 415 4,000 SH   SOLE   0 4,000 0
PRETIUM RES INC COM 74139C102 1,468 200,000 SH   SOLE   0 200,000 0
PRETIUM RES INC COM 74139C102 1,468 200,000 SH   SOLE   0 200,000 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 91 280 SH Call SOLE   0 280 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 352 3,400 SH   SOLE   0 3,400 0
ROYAL GOLD INC COM 780287108 928 10,000 SH   SOLE   0 10,000 0
ROYAL GOLD INC COM 780287108 1,114 12,000 SH   SOLE   0 12,000 0
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 246 2,150 SH   SOLE   0 2,150 0
S&P GLOBAL INC COM 78409V104 2,977 14,600 SH   SOLE   0 14,600 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 12 2,000 SH   SOLE   0 2,000 0
SANDSTORM GOLD LTD COM NEW 80013R206 518 115,000 SH   SOLE   0 115,000 0
SANDSTORM GOLD LTD COM NEW 80013R206 2,700 600,000 SH   SOLE   0 600,000 0
SEABRIDGE GOLD INC COM 811916105 502 45,000 SH   SOLE   0 45,000 0
SINOPEC SHANGHAI PETROCHEMIC SPON ADR H 82935M109 690 11,500 SH   SOLE   0 11,500 0
SILVERCORP METALS INC COM 82835P103 734 275,000 SH   SOLE   0 275,000 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 1,114 12,400 SH   SOLE   0 12,400 0
SLEEP NUMBER CORP COM 83125X103 795 27,400 SH   SOLE   0 27,400 0
SNAP ON INC COM 833034101 466 2,900 SH   SOLE   0 2,900 0
SPX CORP COM 784635104 1,553 44,300 SH   SOLE   0 44,300 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 107 98 SH Put SOLE   0 98 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 280 256 SH Put SOLE   0 256 0
SSR MNG INC COM 784730103 987 100,000 SH   SOLE   0 100,000 0
TAUBMAN CTRS INC COM 876664103 1,634 27,800 SH   SOLE   0 27,800 0
TECK RESOURCES LTD CL B 878742204 458 18,000 SH   SOLE   0 18,000 0
TEXAS INSTRS INC COM 882508104 485 4,400 SH   SOLE   0 4,400 0
TOTAL S A SPONSORED ADR 89151E109 143 600 SH Call SOLE   0 600 0
TOTAL SYS SVCS INC COM 891906109 431 5,100 SH   SOLE   0 5,100 0
TPI COMPOSITES INC COM 87266J104 1,366 46,700 SH   SOLE   0 46,700 0
UNITED PARCEL SERVICE INC CL B 911312106 1,827 17,200 SH   SOLE   0 17,200 0
VALE S A ADR 91912E105 1,192 93,000 SH   SOLE   0 93,000 0
VALERO ENERGY CORP NEW COM 91913Y100 576 5,200 SH   SOLE   0 5,200 0
VERIZON COMMUNICATIONS INC COM 92343V104 423 8,400 SH   SOLE   0 8,400 0
VISA INC COM CL A 92826C839 556 4,200 SH   SOLE   0 4,200 0
WHEATON PRECIOUS METALS CORP COM 962879102 1,103 50,000 SH   SOLE   0 50,000 0
WHEATON PRECIOUS METALS CORP COM 962879102 2,206 100,000 SH   SOLE   0 100,000 0
WYNN RESORTS LTD COM 983134107 1,958 11,700 SH   SOLE   0 11,700 0
EXXON MOBIL CORP COM 30231G102 15 300 SH Call SOLE   0 300 0
YAMANA GOLD INC COM 98462Y100 1,740 600,000 SH   SOLE   0 600,000 0
ZIONS BANCORPORATION COM 989701107 506 9,600 SH   SOLE   0 9,600 0
ZOETIS INC CL A 98978V103 477 5,600 SH   SOLE   0 5,600 0
ALASKA AIR GROUP INC COM 011659109 3,697 61,213 SH   SOLE   0 61,213 0
ALLEGIANT TRAVEL CO COM 01748X102 3,712 26,715 SH   SOLE   0 26,715 0
AMERICAN AIRLS GROUP INC COM 02376R102 10,486 276,233 SH   SOLE   0 276,233 0
BOEING CO COM 097023105 2,803 8,354 SH   SOLE   0 8,354 0
DELTA AIR LINES INC DEL COM NEW 247361702 10,943 220,889 SH   SOLE   0 220,889 0
FORTUNA SILVER MINES INC COM 349915108 358 63,071 SH   SOLE   0 63,071 0
FORTUNA SILVER MINES INC COM 349915108 119 20,926 SH   SOLE   0 20,926 0
GENERAL DYNAMICS CORP COM 369550108 2,763 14,820 SH   SOLE   0 14,820 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 452 126,535 SH   SOLE   0 126,535 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 145 40,501 SH   SOLE   0 40,501 0
HAWAIIAN HOLDINGS INC COM 419879101 2,740 76,211 SH   SOLE   0 76,211 0
JETBLUE AIRWAYS CORP COM 477143101 3,685 194,153 SH   SOLE   0 194,153 0
KINROSS GOLD CORP COM NO PAR 496902404 491 130,608 SH   SOLE   0 130,608 0
ROYAL GOLD INC COM 780287108 1,213 13,063 SH   SOLE   0 13,063 0
ROYAL GOLD INC COM 780287108 402 4,334 SH   SOLE   0 4,334 0
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 923 8,082 SH   SOLE   0 8,082 0
SKYWEST INC COM 830879102 3,684 70,983 SH   SOLE   0 70,983 0
SOUTHWEST AIRLS CO COM 844741108 11,132 218,783 SH   SOLE   0 218,783 0
SPIRIT AIRLS INC COM 848577102 3,772 103,768 SH   SOLE   0 103,768 0
UNITED CONTL HLDGS INC COM 910047109 11,046 158,404 SH   SOLE   0 158,404 0
FRANCO NEVADA CORP COM 351858105 1,228 16,812 SH   SOLE   0 16,812 0
KIRKLAND LAKE GOLD LTD COM 49741E100 372 17,613 SH   SOLE   0 17,613 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 415 266,123 SH   SOLE   0 266,123 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 140 89,780 SH   SOLE   0 89,780 0
TEXTRON INC COM 883203101 2,775 42,101 SH   SOLE   0 42,101 0
GOL LINHAS AEREAS INTLG S A SPON ADR PFD NEW 38045R206 952 178,318 SH   SOLE   0 178,318 0
GRUPO AEROPORTUARIO CTR NORT SPON ADR 400501102 943 22,636 SH   SOLE   0 22,636 0
WHEATON PRECIOUS METALS CORP COM 962879102 1,218 55,223 SH   SOLE   0 55,223 0
KINROSS GOLD CORP COM NO PAR 496902404 147 39,007 SH   SOLE   0 39,007 0
FRANCO NEVADA CORP COM 351858105 405 5,545 SH   SOLE   0 5,545 0
AURYN RES INC COM 05208W108 1,351 1,250,000 SH   SOLE   0 1,250,000 0
SILVERCORP METALS INC COM 82835P103 1,029 389,600 SH   SOLE   0 389,600 0
ALIO GOLD INC COM 01627X108 727 500,000 SH   SOLE   0 500,000 0
ALIO GOLD INC COM 01627X108 524 360,000 SH   SOLE   0 360,000 0
TECK RESOURCES LTD CL B 878742204 864 33,900 SH   SOLE   0 33,900 0
AMERICAS SILVER CORP COM NEW 03063L705 782 250,000 SH   SOLE   0 250,000 0
AMERICAS SILVER CORP COM NEW 03063L705 313 100,000 SH   SOLE   0 100,000 0
WHEATON PRECIOUS METALS CORP COM 962879102 402 18,197 SH   SOLE   0 18,197 0
NORBORD INC COM NEW 65548P403 1,251 30,400 SH   SOLE   0 30,400 0
B2GOLD CORP COM 11777Q209 363 139,809 SH   SOLE   0 139,809 0
B2GOLD CORP COM 11777Q209 121 46,472 SH   SOLE   0 46,472 0
HUDBAY MINERALS INC COM 443628102 940 168,500 SH   SOLE   0 168,500 0