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 415 4,389 SH   SOLE   0 4,389 0
AFFILIATED MANAGERS GROUP COM 008252108 422 3,085 SH   SOLE   0 3,085 0
AGNICO EAGLE MINES LTD COM 008474108 855 25,000 SH   SOLE   0 25,000 0
ALAMOS GOLD INC NEW COM CL A 011532108 1,614 350,000 SH   SOLE   0 350,000 0
ALLEGION PUB LTD CO ORD SHS G0176J109 1,730 19,097 SH   SOLE   0 19,097 0
AMC NETWORKS INC CL A 00164V103 1,485 22,383 SH   SOLE   0 22,383 0
AMERICAN TOWER CORP NEW COM 03027X100 418 2,878 SH   SOLE   0 2,878 0
AMGEN INC COM 031162100 540 2,604 SH   SOLE   0 2,604 0
APPLIED MATLS INC COM 038222105 367 9,505 SH   SOLE   0 9,505 0
AXCELIS TECHNOLOGIES INC COM NEW 054540208 1,129 57,435 SH   SOLE   0 57,435 0
BALL CORP COM 058498106 593 13,480 SH   SOLE   0 13,480 0
BANK AMER CORP COM 060505104 461 15,638 SH   SOLE   0 15,638 0
BHP BILLITON LTD SPONSORED ADR 088606108 58 600 SH Call SOLE   0 600 0
BORGWARNER INC COM 099724106 401 9,379 SH   SOLE   0 9,379 0
BP PLC SPONSORED ADR 055622104 120 510 SH Call SOLE   0 510 0
BROADCOM INC COM 11135F101 432 1,749 SH   SOLE   0 1,749 0
CALEDONIA MNG CORP PLC SHS NEW G1757E113 497 72,811 SH   SOLE   0 72,811 0
CAMBREX CORP COM 132011107 1,366 19,965 SH   SOLE   0 19,965 0
CHEMOURS CO COM 163851108 1,226 31,084 SH   SOLE   0 31,084 0
CIENA CORP COM NEW 171779309 1,631 52,216 SH   SOLE   0 52,216 0
CIMAREX ENERGY CO COM 171798101 405 4,361 SH   SOLE   0 4,361 0
CLOROX CO DEL COM 189054109 268 1,781 SH   SOLE   0 1,781 0
CNOOC LTD SPONSORED ADR 126132109 1,245 6,300 SH   SOLE   0 6,300 0
COMCAST CORP NEW CL A 20030N101 518 14,622 SH   SOLE   0 14,622 0
COMSTOCK MNG INC COM NEW 205750201 75 533,000 SH   SOLE   0 533,000 0
COMSTOCK MNG INC COM NEW 205750201 129 924,329 SH   SOLE   0 924,329 0
CONSTELLATION BRANDS INC CL A 21036P108 394 1,827 SH   SOLE   0 1,827 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 82 700 SH   SOLE   0 700 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 199 1,700 SH   SOLE   0 1,700 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 151 2,800 SH   SOLE   0 2,800 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 388 7,200 SH   SOLE   0 7,200 0
CORCEPT THERAPEUTICS INC COM 218352102 926 66,021 SH   SOLE   0 66,021 0
CSX CORP COM 126408103 515 6,956 SH   SOLE   0 6,956 0
CHEVRON CORP NEW COM 166764100 13 160 SH Call SOLE   0 160 0
DELPHI TECHNOLOGIES PLC SHS G2709G107 882 28,125 SH   SOLE   0 28,125 0
DELTA AIR LINES INC DEL COM NEW 247361702 518 8,956 SH   SOLE   0 8,956 0
DIREXION SHS ETF TR DLY GOLD INDX 3X 25460E844 777 60,000 SH   SOLE   0 60,000 0
DIREXION SHS ETF TR DLY GOLD INDX 3X 25460E844 1,943 150,000 SH   SOLE   0 150,000 0
DIREXION SHS ETF TR DLY RUSSIA BL 3X 25490K273 113 2,700 SH   SOLE   0 2,700 0
DIREXION SHS ETF TR DAILY JR BULL 3X 25460E851 1,110 150,000 SH   SOLE   0 150,000 0
DIREXION SHS ETF TR DAILY JR BULL 3X 25460E851 1,665 225,000 SH   SOLE   0 225,000 0
DXC TECHNOLOGY CO COM 23355L106 515 5,504 SH   SOLE   0 5,504 0
ENERGY FUELS INC COM NEW 292671708 1,148 350,000 SH   SOLE   0 350,000 0
ENPRO INDS INC COM 29355X107 1,081 14,827 SH   SOLE   0 14,827 0
FREEPORT-MCMORAN INC CL B 35671D857 26 800 SH Call SOLE   0 800 0
FREEPORT-MCMORAN INC CL B 35671D857 6 700 SH Call SOLE   0 700 0
FREEPORT-MCMORAN INC CL B 35671D857 1 400 SH Call SOLE   0 400 0
FRANCO NEVADA CORP COM 351858105 2 150 SH Call SOLE   0 150 0
FOX FACTORY HLDG CORP COM 35138V102 1,086 15,500 SH   SOLE   0 15,500 0
VANECK VECTORS ETF TR JR GOLD MINERS ETF 92189F791 9 400 SH Call SOLE   0 400 0
SPDR GOLD TRUST GOLD SHS 78463V107 20 200 SH Call SOLE   0 200 0
GOLD STD VENTURES CORP COM 380738104 2,150 1,250,000 SH   SOLE   0 1,250,000 0
GOLDEN STAR RES LTD CDA COM 38119T104 181 250,000 SH   SOLE   0 250,000 0
GOLDEN STAR RES LTD CDA COM 38119T104 2,175 3,000,000 SH   SOLE   0 3,000,000 0
GRACO INC COM 384109104 1,422 30,687 SH   SOLE   0 30,687 0
GREAT PANTHER SILVER LTD COM 39115V101 638 750,000 SH   SOLE   0 750,000 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 623 375,000 SH   SOLE   0 375,000 0
HAWAIIAN HOLDINGS INC COM 419879101 1,549 38,626 SH   SOLE   0 38,626 0
HECLA MNG CO COM 422704106 3,750 1,344,200 SH   SOLE   0 1,344,200 0
HECLA MNG CO COM 422704106 3,906 1,400,000 SH   SOLE   0 1,400,000 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 171 1,800 SH   SOLE   0 1,800 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 428 4,500 SH   SOLE   0 4,500 0
HOME DEPOT INC COM 437076102 2,217 10,704 SH   SOLE   0 10,704 0
IAMGOLD CORP COM 450913108 920 250,000 SH   SOLE   0 250,000 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 157 2,000 SH   SOLE   0 2,000 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 400 5,100 SH   SOLE   0 5,100 0
INNOVATOR ETFS TR IBD 50 ETF 45782C102 77 2,000 SH   SOLE   0 2,000 0
INNOVATOR ETFS TR IBD 50 ETF 45782C102 204 5,300 SH   SOLE   0 5,300 0
INTEL CORP COM 458140100 384 8,125 SH   SOLE   0 8,125 0
ISHARES TR MSCI POLAND ETF 46429B606 363 15,200 SH   SOLE   0 15,200 0
KIMBERLY CLARK CORP COM 494368103 2,253 19,825 SH   SOLE   0 19,825 0
LOUISIANA PAC CORP COM 546347105 1,102 41,600 SH   SOLE   0 41,600 0
LUXOFT HLDG INC ORD SHS CL A G57279104 175 3,700 SH   SOLE   0 3,700 0
MARATHON PETE CORP COM 56585A102 538 6,724 SH   SOLE   0 6,724 0
MECHEL PAO SPONSORED ADR NE 583840608 246 78,000 SH   SOLE   0 78,000 0
MERCER INTL INC COM 588056101 1,134 67,500 SH   SOLE   0 67,500 0
MGP INGREDIENTS INC NEW COM 55303J106 944 11,957 SH   SOLE   0 11,957 0
MOBILE TELESYSTEMS PJSC SPONSORED ADR 607409109 164 19,200 SH   SOLE   0 19,200 0
MONDELEZ INTL INC CL A 609207105 461 10,721 SH   SOLE   0 10,721 0
NEVSUN RES LTD COM 64156L101 665 150,000 SH   SOLE   0 150,000 0
NEWMONT MINING CORP COM 651639106 1,510 50,000 SH   SOLE   0 50,000 0
NEXTERA ENERGY INC COM 65339F101 412 2,457 SH   SOLE   0 2,457 0
NIC INC COM 62914B100 902 60,948 SH   SOLE   0 60,948 0
NUTRIEN LTD COM 67077M108 138 300 SH Call SOLE   0 300 0
NUTRI SYS INC NEW COM 67069D108 901 24,321 SH   SOLE   0 24,321 0
PAN AMERICAN SILVER CORP COM 697900108 2,214 150,000 SH   SOLE   0 150,000 0
PBF ENERGY INC CL A 69318G106 1,168 23,400 SH   SOLE   0 23,400 0
PEABODY ENERGY CORP NEW COM 704551100 1,016 28,500 SH   SOLE   0 28,500 0
PHIBRO ANIMAL HEALTH CORP CL A COM 71742Q106 964 22,474 SH   SOLE   0 22,474 0
PHILLIPS 66 COM 718546104 445 3,951 SH   SOLE   0 3,951 0
PITNEY BOWES INC COM 724479100 778 109,837 SH   SOLE   0 109,837 0
PRETIUM RES INC COM 74139C102 2,283 300,000 SH   SOLE   0 300,000 0
PRETIUM RES INC COM 74139C102 2,283 300,000 SH   SOLE   0 300,000 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 50 280 SH Call SOLE   0 280 0
RESOLUTE FST PRODS INC COM 76117W109 1,058 81,700 SH   SOLE   0 81,700 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 596 4,583 SH   SOLE   0 4,583 0
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 149 1,550 SH   SOLE   0 1,550 0
S&P GLOBAL INC COM 78409V104 1,699 8,694 SH   SOLE   0 8,694 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 306 82,000 SH   SOLE   0 82,000 0
SANDSTORM GOLD LTD COM NEW 80013R206 2,238 600,000 SH   SOLE   0 600,000 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 75 1,300 SH   SOLE   0 1,300 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 191 3,300 SH   SOLE   0 3,300 0
SINOPEC SHANGHAI PETROCHEMIC SPON ADR H 82935M109 694 11,500 SH   SOLE   0 11,500 0
SINOPEC SHANGHAI PETROCHEMIC SPON ADR H 82935M109 1,273 21,100 SH   SOLE   0 21,100 0
SILVERCORP METALS INC COM 82835P103 1,482 600,000 SH   SOLE   0 600,000 0
SLEEP NUMBER CORP COM 83125X103 1,305 35,480 SH   SOLE   0 35,480 0
SOUTHWESTERN ENERGY CO COM 845467109 1,317 257,710 SH   SOLE   0 257,710 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 76 1,000 SH   SOLE   0 1,000 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 204 2,700 SH   SOLE   0 2,700 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 34 123 SH Put SOLE   0 123 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 88 321 SH Put SOLE   0 321 0
SSR MNG INC COM 784730103 871 100,000 SH   SOLE   0 100,000 0
SUNTRUST BKS INC COM 867914103 415 6,220 SH   SOLE   0 6,220 0
TAUBMAN CTRS INC COM 876664103 1,412 23,593 SH   SOLE   0 23,593 0
TECK RESOURCES LTD CL B 878742204 434 18,000 SH   SOLE   0 18,000 0
TEXAS INSTRS INC COM 882508104 389 3,624 SH   SOLE   0 3,624 0
TIVITY HEALTH INC COM 88870R102 851 26,463 SH   SOLE   0 26,463 0
TOTAL S A SPONSORED ADR 89151E109 231 600 SH Call SOLE   0 600 0
TREX CO INC COM 89531P105 1,597 20,743 SH   SOLE   0 20,743 0
TRINSEO S A SHS L9340P101 1,221 15,600 SH   SOLE   0 15,600 0
UNION PAC CORP COM 907818108 461 2,832 SH   SOLE   0 2,832 0
UNITED PARCEL SERVICE INC CL B 911312106 2,284 19,559 SH   SOLE   0 19,559 0
UNITEDHEALTH GROUP INC COM 91324P102 428 1,609 SH   SOLE   0 1,609 0
VERIZON COMMUNICATIONS INC COM 92343V104 466 8,719 SH   SOLE   0 8,719 0
VISA INC COM CL A 92826C839 533 3,550 SH   SOLE   0 3,550 0
WHEATON PRECIOUS METALS CORP COM 962879102 1,750 100,000 SH   SOLE   0 100,000 0
YAMANA GOLD INC COM 98462Y100 1,494 600,000 SH   SOLE   0 600,000 0
YUM BRANDS INC COM 988498101 561 6,172 SH   SOLE   0 6,172 0
ZIONS BANCORPORATION COM 989701107 387 7,720 SH   SOLE   0 7,720 0
ZOETIS INC CL A 98978V103 513 5,608 SH   SOLE   0 5,608 0
ALASKA AIR GROUP INC COM 011659109 4,033 58,570 SH   SOLE   0 58,570 0
ALLEGIANT TRAVEL CO COM 01748X102 3,981 31,395 SH   SOLE   0 31,395 0
AMERICAN AIRLS GROUP INC COM 02376R102 12,046 291,453 SH   SOLE   0 291,453 0
BOEING CO COM 097023105 3,045 8,188 SH   SOLE   0 8,188 0
DELTA AIR LINES INC DEL COM NEW 247361702 12,083 208,938 SH   SOLE   0 208,938 0
FORTUNA SILVER MINES INC COM 349915108 302 69,071 SH   SOLE   0 69,071 0
FORTUNA SILVER MINES INC COM 349915108 100 22,909 SH   SOLE   0 22,909 0
GENERAL DYNAMICS CORP COM 369550108 3,000 14,652 SH   SOLE   0 14,652 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 298 123,095 SH   SOLE   0 123,095 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 98 40,588 SH   SOLE   0 40,588 0
HAWAIIAN HOLDINGS INC COM 419879101 3,076 76,713 SH   SOLE   0 76,713 0
JETBLUE AIRWAYS CORP COM 477143101 4,017 207,508 SH   SOLE   0 207,508 0
KINROSS GOLD CORP COM NO PAR 496902404 372 137,808 SH   SOLE   0 137,808 0
ROYAL GOLD INC COM 780287108 991 12,863 SH   SOLE   0 12,863 0
ROYAL GOLD INC COM 780287108 331 4,291 SH   SOLE   0 4,291 0
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 997 10,380 SH   SOLE   0 10,380 0
SKYWEST INC COM 830879102 4,008 68,047 SH   SOLE   0 68,047 0
SOUTHWEST AIRLS CO COM 844741108 12,051 192,974 SH   SOLE   0 192,974 0
SPIRIT AIRLS INC COM 848577102 3,984 84,827 SH   SOLE   0 84,827 0
UNITED CONTL HLDGS INC COM 910047109 12,194 136,915 SH   SOLE   0 136,915 0
FRANCO NEVADA CORP COM 351858105 998 15,952 SH   SOLE   0 15,952 0
KIRKLAND LAKE GOLD LTD COM 49741E100 303 15,930 SH   SOLE   0 15,930 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 392 236,420 SH   SOLE   0 236,420 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 130 78,276 SH   SOLE   0 78,276 0
PAN AMERICAN SILVER CORP COM 697900108 295 20,000 SH   SOLE   0 20,000 0
SILVERCORP METALS INC COM 82835P103 405 164,125 SH   SOLE   0 164,125 0
TEXTRON INC COM 883203101 3,029 42,386 SH   SOLE   0 42,386 0
COPA HOLDINGS SA CL A P31076105 998 12,499 SH   SOLE   0 12,499 0
GOL LINHAS AEREAS INTLG S A SPON ADR PFD NEW 38045R206 950 174,069 SH   SOLE   0 174,069 0
GRUPO AEROPORTUARIO CTR NORT SPON ADR 400501102 1,030 18,093 SH   SOLE   0 18,093 0
WHEATON PRECIOUS METALS CORP COM 962879102 961 54,923 SH   SOLE   0 54,923 0
ALAMOS GOLD INC NEW COM CL A 011532108 298 64,542 SH   SOLE   0 64,542 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 200 14,942 SH   SOLE   0 14,942 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 66 4,936 SH   SOLE   0 4,936 0
ELDORADO GOLD CORP NEW COM 284902103 306 346,381 SH   SOLE   0 346,381 0
KINROSS GOLD CORP COM NO PAR 496902404 131 48,168 SH   SOLE   0 48,168 0
FRANCO NEVADA CORP COM 351858105 330 5,279 SH   SOLE   0 5,279 0
KIRKLAND LAKE GOLD LTD COM 49741E100 100 5,254 SH   SOLE   0 5,254 0
AURYN RES INC COM 05208W108 1,604 1,500,000 SH   SOLE   0 1,500,000 0
SILVERCREST METALS INC COM 828363101 2,542 1,045,000 SH   SOLE   0 1,045,000 0
PAN AMERICAN SILVER CORP COM 697900108 101 6,873 SH   SOLE   0 6,873 0
SILVERCORP METALS INC COM 82835P103 134 54,785 SH   SOLE   0 54,785 0
ALIO GOLD INC COM 01627X108 590 740,000 SH   SOLE   0 740,000 0
ALIO GOLD INC COM 01627X108 393 492,923 SH   SOLE   0 492,923 0
TECK RESOURCES LTD CL B 878742204 745 30,900 SH   SOLE   0 30,900 0
AMERICAS SILVER CORP COM NEW 03063L705 591 250,000 SH   SOLE   0 250,000 0
AMERICAS SILVER CORP COM NEW 03063L705 236 100,000 SH   SOLE   0 100,000 0
WHEATON PRECIOUS METALS CORP COM 962879102 334 19,095 SH   SOLE   0 19,095 0
NORBORD INC COM NEW 65548P403 1,038 31,300 SH   SOLE   0 31,300 0
ALAMOS GOLD INC NEW COM CL A 011532108 101 21,947 SH   SOLE   0 21,947 0
HUDBAY MINERALS INC COM 443628102 1,271 250,800 SH   SOLE   0 250,800 0
ELDORADO GOLD CORP NEW COM 284902103 90 103,130 SH   SOLE   0 103,130 0
EMX RTY CORP COM 26873J107 14 11,178 SH   SOLE   0 11,178 0