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
ABBVIE INC COM 00287Y109 1,499 16,256 SH   SOLE   0 16,256 0
ABBVIE INC COM 00287Y109 181 1,963 SH   SOLE   0 1,963 0
AFFILIATED MANAGERS GROUP COM 008252108 344 3,528 SH   SOLE   0 3,528 0
AGNICO EAGLE MINES LTD COM 008474108 1,414 35,000 SH   SOLE   0 35,000 0
ALAMOS GOLD INC NEW COM CL A 011532108 1,260 350,000 SH   SOLE   0 350,000 0
AMC NETWORKS INC CL A 00164V103 830 15,115 SH   SOLE   0 15,115 0
AMERICAN TOWER CORP NEW COM 03027X100 441 2,789 SH   SOLE   0 2,789 0
AMGEN INC COM 031162100 507 2,604 SH   SOLE   0 2,604 0
AVERY DENNISON CORP COM 053611109 406 4,519 SH   SOLE   0 4,519 0
AVIS BUDGET GROUP COM 053774105 710 31,585 SH   SOLE   0 31,585 0
AXCELIS TECHNOLOGIES INC COM NEW 054540208 949 53,305 SH   SOLE   0 53,305 0
B2GOLD CORP COM 11777Q209 438 150,000 SH   SOLE   0 150,000 0
BANK AMER CORP COM 060505104 414 16,814 SH   SOLE   0 16,814 0
BAXTER INTL INC COM 071813109 490 7,444 SH   SOLE   0 7,444 0
BEST BUY INC COM 086516101 263 4,974 SH   SOLE   0 4,974 0
BHP GROUP LIMITED SPONSORED ADS 088606108 5 600 SH Call SOLE   0 600 0
BP PLC SPONSORED ADR 055622104 1 510 SH Call SOLE   0 510 0
BROADCOM INC COM 11135F101 341 1,341 SH   SOLE   0 1,341 0
CALEDONIA MNG CORP PLC SHS NEW G1757E113 383 72,811 SH   SOLE   0 72,811 0
CHEMOURS CO COM 163851108 766 27,142 SH   SOLE   0 27,142 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 811 50,000 SH   SOLE   0 50,000 0
CIENA CORP COM NEW 171779309 1,424 41,996 SH   SOLE   0 41,996 0
CIMAREX ENERGY CO COM 171798101 226 3,663 SH   SOLE   0 3,663 0
CITIGROUP INC COM NEW 172967424 228 4,375 SH   SOLE   0 4,375 0
CMS ENERGY CORP COM 125896100 707 14,248 SH   SOLE   0 14,248 0
CNOOC LTD SPONSORED ADR 126132109 610 4,000 SH   SOLE   0 4,000 0
CNOOC LTD SPONSORED ADR 126132109 595 3,900 SH   SOLE   0 3,900 0
COEUR MNG INC COM NEW 192108504 649 145,225 SH   SOLE   0 145,225 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 474 7,463 SH   SOLE   0 7,463 0
COMSTOCK MNG INC COM NEW 205750201 123 924,329 SH   SOLE   0 924,329 0
COMSTOCK MNG INC COM NEW 205750201 71 533,000 SH   SOLE   0 533,000 0
CONSTELLATION BRANDS INC CL A 21036P108 433 2,695 SH   SOLE   0 2,695 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 244 4,800 SH   SOLE   0 4,800 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 112 2,200 SH   SOLE   0 2,200 0
CORCEPT THERAPEUTICS INC COM 218352102 736 55,110 SH   SOLE   0 55,110 0
CUTERA INC COM 232109108 478 28,080 SH   SOLE   0 28,080 0
CHEVRON CORP NEW COM 166764100 0 160 SH Call SOLE   0 160 0
DELTA AIR LINES INC DEL COM NEW 247361702 380 7,608 SH   SOLE   0 7,608 0
DIREXION SHS ETF TR DAILY FTSE CHINA 25460E521 357 5,350 SH   SOLE   0 5,350 0
DIREXION SHS ETF TR DLY GOLD INDX 3X 25460E844 2,625 150,000 SH   SOLE   0 150,000 0
DIREXION SHS ETF TR DLY GOLD INDX 3X 25460E844 1,050 60,000 SH   SOLE   0 60,000 0
DIREXION SHS ETF TR DLY RUSSIA BL 3X 25490K273 313 10,500 SH   SOLE   0 10,500 0
DIREXION SHS ETF TR DAILY JR BULL 3X 25460E851 2,303 250,000 SH   SOLE   0 250,000 0
DIREXION SHS ETF TR DAILY JR BULL 3X 25460E851 1,382 150,000 SH   SOLE   0 150,000 0
ELDORADO GOLD CORP NEW COM ADDED 284902509 720 250,000 SH   SOLE   0 250,000 0
ELDORADO GOLD CORP NEW COM ADDED 284902509 58 20,000 SH   SOLE   0 20,000 0
ELECTRO SCIENTIFIC INDS COM 285229100 994 33,187 SH   SOLE   0 33,187 0
ENERGY FUELS INC COM NEW 292671708 713 250,000 SH   SOLE   0 250,000 0
ENPRO INDS INC COM 29355X107 790 13,152 SH   SOLE   0 13,152 0
FREEPORT-MCMORAN INC CL B 35671D857 1 800 SH Call SOLE   0 800 0
FREEPORT-MCMORAN INC CL B 35671D857 1 700 SH Call SOLE   0 700 0
FREEPORT-MCMORAN INC CL B 35671D857 0 400 SH Call SOLE   0 400 0
FRANCO NEVADA CORP COM 351858105 0 150 SH Call SOLE   0 150 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 5 400 SH Call SOLE   0 400 0
SPDR GOLD TRUST GOLD SHS 78463V107 72 200 SH Call SOLE   0 200 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 880 250,000 SH   SOLE   0 250,000 0
GOLD STD VENTURES CORP COM 380738104 1,438 1,150,000 SH   SOLE   0 1,150,000 0
GOLDEN STAR RES LTD CDA COM ADDED 38119T807 1,890 600,000 SH   SOLE   0 600,000 0
GOLDEN STAR RES LTD CDA COM ADDED 38119T807 158 50,000 SH   SOLE   0 50,000 0
GOODYEAR TIRE & RUBR CO COM 382550101 359 17,576 SH   SOLE   0 17,576 0
GREAT PANTHER SILVER LTD COM 39115V101 533 750,000 SH   SOLE   0 750,000 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 895 500,000 SH   SOLE   0 500,000 0
HECLA MNG CO COM 422704106 2,124 900,000 SH   SOLE   0 900,000 0
HECLA MNG CO COM 422704106 1,735 735,000 SH   SOLE   0 735,000 0
HEWLETT PACKARD ENTERPRISE COM 42824C109 296 22,375 SH   SOLE   0 22,375 0
HFF INC CL A 40418F108 744 22,446 SH   SOLE   0 22,446 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 529 6,116 SH   SOLE   0 6,116 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 225 2,600 SH   SOLE   0 2,600 0
HOME DEPOT INC COM 437076102 1,273 7,408 SH   SOLE   0 7,408 0
IAMGOLD CORP COM 450913108 920 250,000 SH   SOLE   0 250,000 0
INGEVITY CORP COM 45688C107 1,077 12,867 SH   SOLE   0 12,867 0
ISHARES TR MSCI POLAND ETF 46429B606 184 8,000 SH   SOLE   0 8,000 0
KIMBERLY CLARK CORP COM 494368103 1,562 13,708 SH   SOLE   0 13,708 0
LAM RESEARCH CORP COM 512807108 254 1,867 SH   SOLE   0 1,867 0
LGI HOMES INC COM 50187T106 456 10,086 SH   SOLE   0 10,086 0
LOUISIANA PAC CORP COM 546347105 924 41,600 SH   SOLE   0 41,600 0
MARATHON PETE CORP COM 56585A102 297 5,032 SH   SOLE   0 5,032 0
MECHEL PAO SPONSORED ADR NE 583840608 154 78,000 SH   SOLE   0 78,000 0
MOBILE TELESYSTEMS PJSC SPONSORED ADR 607409109 134 19,200 SH   SOLE   0 19,200 0
MONDELEZ INTL INC CL A 609207105 545 13,618 SH   SOLE   0 13,618 0
NETAPP INC COM 64110D104 266 4,451 SH   SOLE   0 4,451 0
NEWMONT MINING CORP COM 651639106 866 25,000 SH   SOLE   0 25,000 0
NIC INC COM 62914B100 767 61,436 SH   SOLE   0 61,436 0
NUTRIEN LTD COM 67077M108 0 300 SH Call SOLE   0 300 0
NUTRI SYS INC NEW COM 67069D108 890 20,285 SH   SOLE   0 20,285 0
PAN AMERICAN SILVER CORP COM 697900108 2,190 150,000 SH   SOLE   0 150,000 0
PBF ENERGY INC CL A 69318G106 764 23,400 SH   SOLE   0 23,400 0
PEABODY ENERGY CORP NEW COM 704551100 701 23,000 SH   SOLE   0 23,000 0
PETMED EXPRESS INC COM 716382106 664 28,551 SH   SOLE   0 28,551 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 585 9,500 SH   SOLE   0 9,500 0
PHIBRO ANIMAL HEALTH CORP CL A COM 71742Q106 709 22,044 SH   SOLE   0 22,044 0
PHILLIPS 66 COM 718546104 422 4,893 SH   SOLE   0 4,893 0
POOL CORPORATION COM 73278L105 1,256 8,447 SH   SOLE   0 8,447 0
PRETIUM RES INC COM 74139C102 115 1,000 SH Call SOLE   0 1,000 0
PRETIUM RES INC COM 74139C102 98 850 SH Call SOLE   0 850 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 0 280 SH Call SOLE   0 280 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 326 10,500 SH   SOLE   0 10,500 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 136 4,400 SH   SOLE   0 4,400 0
RESOLUTE FST PRODS INC COM 76117W109 555 70,000 SH   SOLE   0 70,000 0
ROSS STORES INC COM 778296103 380 4,569 SH   SOLE   0 4,569 0
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 148 2,070 SH   SOLE   0 2,070 0
S&P GLOBAL INC COM 78409V104 1,244 7,321 SH   SOLE   0 7,321 0
SABRE CORP COM 78573M104 869 40,162 SH   SOLE   0 40,162 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 10 2,000 SH   SOLE   0 2,000 0
SANDSTORM GOLD LTD COM NEW 80013R206 2,766 600,000 SH   SOLE   0 600,000 0
SANDSTORM GOLD LTD COM NEW 80013R206 378 82,000 SH   SOLE   0 82,000 0
SINOPEC SHANGHAI PETROCHEMIC SPON ADR H 82935M109 647 15,000 SH   SOLE   0 15,000 0
SINOPEC SHANGHAI PETROCHEMIC SPON ADR H 82935M109 86 2,000 SH   SOLE   0 2,000 0
SILVERCORP METALS INC COM 82835P103 1,260 600,000 SH   SOLE   0 600,000 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 25 350 SH   SOLE   0 350 0
SOUTHWEST AIRLS CO COM 844741108 326 7,021 SH   SOLE   0 7,021 0
SELECT SECTOR SPDR TR SBI INT-UTIL 81369Y886 368 6,956 SH   SOLE   0 6,956 0
SELECT SECTOR SPDR TR SBI INT-UTIL 81369Y886 153 2,882 SH   SOLE   0 2,882 0
SPX CORP COM 784635104 805 28,740 SH   SOLE   0 28,740 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 484 357 SH Put SOLE   0 357 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 194 143 SH Put SOLE   0 143 0
SSR MNG INC COM 784730103 2,418 200,000 SH   SOLE   0 200,000 0
TECK RESOURCES LTD CL B 878742204 388 18,000 SH   SOLE   0 18,000 0
TEGNA INC COM 87901J105 1,354 124,565 SH   SOLE   0 124,565 0
TOTAL S A SPONSORED ADR 89151E109 1 600 SH Call SOLE   0 600 0
TREX CO INC COM 89531P105 1,158 19,512 SH   SOLE   0 19,512 0
TRINSEO S A SHS L9340P101 458 10,000 SH   SOLE   0 10,000 0
TYSON FOODS INC CL A 902494103 461 8,627 SH   SOLE   0 8,627 0
UNION PAC CORP COM 907818108 407 2,945 SH   SOLE   0 2,945 0
VERSUM MATLS INC COM 92532W103 779 28,097 SH   SOLE   0 28,097 0
VISA INC COM CL A 92826C839 505 3,828 SH   SOLE   0 3,828 0
WHEATON PRECIOUS METALS CORP COM 962879102 1,953 100,000 SH   SOLE   0 100,000 0
WHEATON PRECIOUS METALS CORP COM 962879102 196 1,750 SH Call SOLE   0 1,750 0
WHEATON PRECIOUS METALS CORP COM 962879102 140 1,250 SH Call SOLE   0 1,250 0
YAMANA GOLD INC COM 98462Y100 1,416 600,000 SH   SOLE   0 600,000 0
YUM BRANDS INC COM 988498101 600 6,522 SH   SOLE   0 6,522 0
ZIONS BANCORPORATION N A COM 989701107 382 9,381 SH   SOLE   0 9,381 0
ZOETIS INC CL A 98978V103 506 5,919 SH   SOLE   0 5,919 0
ALASKA AIR GROUP COM 011659109 3,428 56,342 SH   SOLE   0 56,342 0
ALLEGIANT TRAVEL COM 01748X102 2,865 28,591 SH   SOLE   0 28,591 0
AMERICAN AIRLINES GROUP COM 02376R102 10,253 319,302 SH   SOLE   0 319,302 0
B2GOLD CORP COM 11777Q209 475 162,647 SH   SOLE   0 162,647 0
BARRICK GOLD CRP COM 067901108 314 23,202 SH   SOLE   0 23,202 0
BOEING CO/THE COM 097023105 2,565 7,955 SH   SOLE   0 7,955 0
DELTA AIR LINES INC COM NEW 247361702 9,658 193,550 SH   SOLE   0 193,550 0
FORTUNA SILVER MINES COM 349915108 353 97,009 SH   SOLE   0 97,009 0
FORTUNA SILVER MINES COM 349915108 110 30,253 SH   SOLE   0 30,253 0
FRANCO NEVADA CORP COM 351858105 1,047 14,916 SH   SOLE   0 14,916 0
GENERAL DYNAMICS CO COM 369550108 2,382 15,151 SH   SOLE   0 15,151 0
GOL LINHAS AEREAS INT SPON ADR PFD NEW 38045R206 1,033 76,233 SH   SOLE   0 76,233 0
GRUPO AEROPO-ADR SPON ADR 400501102 672 17,670 SH   SOLE   0 17,670 0
HARMONY GOLD MNG LTD SPON ADR 413216300 473 264,179 SH   SOLE   0 264,179 0
HARMONY GOLD MNG LTD SPON ADR 413216300 148 82,510 SH   SOLE   0 82,510 0
HAWAIIAN HOLDINGS INC COM 419879101 2,341 88,646 SH   SOLE   0 88,646 0
JETBLUE AIRWAYS COM 477143101 3,213 200,049 SH   SOLE   0 200,049 0
KIRKLAND LAKE GOLD LTD COM 49741E100 345 13,242 SH   SOLE   0 13,242 0
NEW GOLD INC COM 644535106 311 410,499 SH   SOLE   0 410,499 0
ROYAL GOLD INC COM 780287108 1,165 13,606 SH   SOLE   0 13,606 0
ROYAL GOLD INC COM 780287108 367 4,289 SH   SOLE   0 4,289 0
RYANAIR HLDGS PLC SPON ADR NE 783513203 956 13,403 SH   SOLE   0 13,403 0
SILVERCORP METALS INC COM 82835P103 328 156,422 SH   SOLE   0 156,422 0
SKYWEST INC COM 830879102 3,366 75,681 SH   SOLE   0 75,681 0
SOUTHWEST AIRLINES CO COM 844741108 9,572 205,932 SH   SOLE   0 205,932 0
SPIRIT AIRLINES COM 848577102 3,299 56,955 SH   SOLE   0 56,955 0
SSR MINING INC COM 784730103 326 27,000 SH   SOLE   0 27,000 0
SSR MINING INC COM 784730103 106 8,745 SH   SOLE   0 8,745 0
TEXTRON INC COM 883203101 2,385 51,853 SH   SOLE   0 51,853 0
UNITED CONTL HLDGS INC COM 910047109 9,920 118,480 SH   SOLE   0 118,480 0
WHEATON PRECIOUS METALS COM 962879102 1,262 64,622 SH   SOLE   0 64,622 0
FRANCO NEVADA CORP COM 351858105 329 4,672 SH   SOLE   0 4,672 0
KIRKLAND LAKE GOLD LTD COM 49741E100 108 4,131 SH   SOLE   0 4,131 0
AURYN RESOURCES COM 05208W108 1,151 1,250,000 SH   SOLE   0 1,250,000 0
SILVERCREST METALS INC COM 828363101 2,939 1,000,000 SH   SOLE   0 1,000,000 0
SILVERCORP METALS INC COM 82835P103 103 48,869 SH   SOLE   0 48,869 0
ALIO GOLD INC COM 01627X108 627 740,000 SH   SOLE   0 740,000 0
ALIO GOLD INC COM 01627X108 418 492,923 SH   SOLE   0 492,923 0
TECK RESOURCES-B CL B 878742204 541 25,000 SH   SOLE   0 25,000 0
AMERICAS SILVER CORP COM NEW 03063L705 411 250,000 SH   SOLE   0 250,000 0
AMERICAS SILVER CORP COM NEW 03063L705 164 100,000 SH   SOLE   0 100,000 0
WHEATON PRECIOUS METALS COM 962879102 403 20,555 SH   SOLE   0 20,555 0
BARRICK GOLD CORP COM 067901108 99 7,275 SH   SOLE   0 7,275 0
NORBORD INC COM NEW 65548P403 837 31,300 SH   SOLE   0 31,300 0
B2GOLD CORP COM 11777Q209 150 50,921 SH   SOLE   0 50,921 0
HUDBAY MINERALS COM 443628102 1,288 270,800 SH   SOLE   0 270,800 0
EMX ROYALTY CORP COM 26873J107 1,129 1,008,500 SH   SOLE   0 1,008,500 0
OSISKO GOLD ROYALTIES COM 68827L101 882 100,000 SH   SOLE   0 100,000 0
OSISKO GOLD ROYALTIES COM 68827L101 882 100,000 SH   SOLE   0 100,000 0
NEW GOLD INC CDA COM 644535106 99 128,625 SH   SOLE   0 128,625 0