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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AT&T Corp. (New) COM 00206R102   1,446 61,174 SH   SOLE   61,174 0 0
AbbVie, Inc. COM 00287Y109   5,963 36,783 SH   SOLE   36,783 0 0
Abbott Laboratories COM 002824100   1,709 14,441 SH   SOLE   14,441 0 0
American Express COM 025816109   3,034 16,225 SH   SOLE   16,225 0 0
Amgen Inc. COM 031162100   2,978 12,315 SH   SOLE   12,315 0 0
Anheuser Busch InBev COM 03524a108   1,150 19,150 SH   SOLE   19,150 0 0
Apple Computer COM 037833100   1,638 9,380 SH   SOLE   9,380 0 0
Atlassian Corporation COM G06242104   896 3,050 SH   SOLE   3,050 0 0
Avista (formerly Washington Wa COM 05379B107   212 4,700 SH   SOLE   4,700 0 0
Bristol-Myers Squibb COM 110122108   1,899 26,006 SH   SOLE   26,006 0 0
Bunge Ltd. COM G16962105   3,225 29,100 SH   SOLE   29,100 0 0
CSX Corp. COM 126408103   3,776 100,825 SH   SOLE   100,825 0 0
Cardinal Health COM 14149Y108   244 4,300 SH   SOLE   4,300 0 0
Carrier Global Corporation COM 14448c104   362 7,891 SH   SOLE   7,891 0 0
Caterpillar Inc. COM 149123101   256 1,150 SH   SOLE   1,150 0 0
Chevron Corporation (fmly. Che COM 166764100   2,823 17,339 SH   SOLE   17,339 0 0
Clorox Co. COM 189054109   1,962 14,110 SH   SOLE   14,110 0 0
ConocoPhillips COM 20825C104   1,417 14,166 SH   SOLE   14,166 0 0
Copart Inc. COM 217204106   2,447 19,500 SH   SOLE   19,500 0 0
DNP Select Income Fund (fmly. COM 23325p104   802 67,820 SH   SOLE   67,820 0 0
Direxion Daily S&P 500 Bear 1X COM 25460e869   1,392 95,700 SH   SOLE   95,700 0 0
Duke Energy COM 264399106   287 2,571 SH   SOLE   2,571 0 0
Duke Realty Corp. (fmly. Duke- COM 264411505   563 9,700 SH   SOLE   9,700 0 0
Elanco Animal Health COM 28414H103   425 16,306 SH   SOLE   16,306 0 0
Equinor ASA (formerly Statoil COM 29446m102   960 25,600 SH   SOLE   25,600 0 0
Essex Property Trust COM 297178105   2,170 6,280 SH   SOLE   6,280 0 0
Fed Ex COM 31304n107   544 2,350 SH   SOLE   2,350 0 0
Gilead Sciences, Inc. COM 375558103   1,084 18,241 SH   SOLE   18,241 0 0
Great Lakes Dredge & Dock Corp COM 390607109   1,130 80,550 SH   SOLE   80,550 0 0
Hawaiian Electric COM 419870100   1,770 41,832 SH   SOLE   41,832 0 0
Healthpeak Properties Inc (frm COM 42250P103   701 20,434 SH   SOLE   20,434 0 0
Intel Corp. COM 458140100   2,370 47,830 SH   SOLE   47,830 0 0
Johnson & Johnson COM 478160104   1,391 7,851 SH   SOLE   7,851 0 0
Kellogg Co. COM 487836108   901 13,974 SH   SOLE   13,974 0 0
Kimberly-Clark COM 494368103   1,271 10,318 SH   SOLE   10,318 0 0
Leggett & Platt, Inc. COM 524660107   501 14,400 SH   SOLE   14,400 0 0
Lilly, Eli COM 532457108   2,343 8,181 SH   SOLE   8,181 0 0
Lockheed Martin Corp. COM 539830109   3,366 7,625 SH   SOLE   7,625 0 0
Medical Marijuana, Inc. COM 58463A105   1 60,000 SH   SOLE   60,000 0 0
Merck & Co. COM 589331107   2,909 35,450 SH   SOLE   35,450 0 0
Microchip Technology, Inc. COM 595017104   3,231 43,000 SH   SOLE   43,000 0 0
Microsoft COM 594918104   4,409 14,300 SH   SOLE   14,300 0 0
NetApp, Inc. COM 64110d104   423 5,100 SH   SOLE   5,100 0 0
Norfolk Southern COM 655844108   214 750 SH   SOLE   750 0 0
Nucor Corporation COM 670346105   1,687 11,350 SH   SOLE   11,350 0 0
Occidental Petroleum COM 674599105   1,544 27,207 SH   SOLE   27,207 0 0
Open Joint Stock Co. Gazprom COM 368287207   76 130,500 SH   SOLE   130,500 0 0
Oracle Corp. COM 68389X105   645 7,800 SH   SOLE   7,800 0 0
Otis Worldwide Corp. COM 68902v107   308 4,008 SH   SOLE   4,008 0 0
Pepsico Inc. COM 713448108   2,046 12,223 SH   SOLE   12,223 0 0
Petroleo Brasileiro S.A. COM 71654v408   922 62,300 SH   SOLE   62,300 0 0
Phillips 66 COM 718546104   544 6,300 SH   SOLE   6,300 0 0
ProShares Short S&P 500 COM 74347R503   4,468 317,124 SH   SOLE   317,124 0 0
Procter & Gamble COM 742718109   22,561 147,651 SH   SOLE   147,651 0 0
Public Storage COM 74460D109   2,491 6,383 SH   SOLE   6,383 0 0
Qualcomm Inc. COM 747525103   795 5,200 SH   SOLE   5,200 0 0
Rayonier Inc. COM 754907103   609 14,800 SH   SOLE   14,800 0 0
Raytheon Technologies (frmly U COM 913017109   218 2,200 SH   SOLE   2,200 0 0
Realty Income Corp. COM 756109104   239 3,450 SH   SOLE   3,450 0 0
Regeneron Pharmaceuticals, Inc COM 75886f107   985 1,410 SH   SOLE   1,410 0 0
Regions Financial Corporation COM 7591EP100   325 14,600 SH   SOLE   14,600 0 0
Sanofi-Aventis SA COM 80105N105   1,239 24,125 SH   SOLE   24,125 0 0
Schlumberger, Ltd. COM 806857108   475 11,500 SH   SOLE   11,500 0 0
Southern Company COM 842587107   1,890 26,066 SH   SOLE   26,066 0 0
Target Stores COM 87612E106   2,919 13,755 SH   SOLE   13,755 0 0
The Gabelli Healthcare and Wel COM 36246K103   2,146 167,400 SH   SOLE   167,400 0 0
TotalEnergies SE (frmly Total COM 89151E109   2,560 50,658 SH   SOLE   50,658 0 0
Transocean, Ltd. COM 893817106   423 92,520 SH   SOLE   92,520 0 0
Trimble Navigation Ltd. COM 896239100   299 4,138 SH   SOLE   4,138 0 0
Unilever PLC COM 904767704   976 21,424 SH   SOLE   21,424 0 0
VMWare, Inc. COM 928563402   1,825 16,025 SH   SOLE   16,025 0 0
Ventas, Inc. COM 92276F100   1,602 25,944 SH   SOLE   25,944 0 0
Verizon Corporation COM 92343V104   1,952 38,323 SH   SOLE   38,323 0 0
Vestas Wind Systems A/S COM 925458101   871 88,300 SH   SOLE   88,300 0 0
W.P. Carey, Inc. COM 92936u109   1,552 19,200 SH   SOLE   19,200 0 0
Weyerhaeuser Co. COM 962166104   1,313 34,632 SH   SOLE   34,632 0 0
Invesco PureBeta 0-5 Yr US TIP COM 46138e495   2,450 93,400 SH   SOLE   93,400 0 0
Pimco 1-5 Year U.S. TIPS Index COM 72201R205   10,757 197,445 SH   SOLE   197,445 0 0
Pimco Enhanced Short Maturity COM 72201R833   2,153 21,500 SH   SOLE   21,500 0 0
SPDR FTSE Int'l Gov't Inflt Pr COM 78464a490   885 16,400 SH   SOLE   16,400 0 0
Schwab US TIPS ETF COM 808524870   1,408 23,190 SH   SOLE   23,190 0 0
ASA (Bermuda) Limited COM G3156P103   930 41,480 SH   SOLE   41,480 0 0
Agnico Eagle Miners Limited COM 008474108   4,268 69,685 SH   SOLE   69,685 0 0
Alamos Gold Inc COM 011532108   545 64,700 SH   SOLE   64,700 0 0
AngloGold Ashanti Ltd. COM 035128206   280 11,830 SH   SOLE   11,830 0 0
BHP Billiton Ltd. COM 088606108   1,046 13,540 SH   SOLE   13,540 0 0
Barrick Gold Corporation COM 067901108   223 9,075 SH   SOLE   9,075 0 0
Franco-Nevada Corp. COM 351858105   4,989 31,273 SH   SOLE   31,273 0 0
Freeport McMoRan Inc. COM 35671D857   2,915 58,600 SH   SOLE   58,600 0 0
Hecla Mining COM 422704106   202 30,782 SH   SOLE   30,782 0 0
IAMGOLD Corporation COM 450913108   225 64,766 SH   SOLE   64,766 0 0
Kinross Gold Corporation COM 496902404   533 90,616 SH   SOLE   90,616 0 0
Market Vectors Gold Miners ETF COM 57060U100   399 10,400 SH   SOLE   10,400 0 0
McEwen Mining Inc. COM 58039P107   16 19,000 SH   SOLE   19,000 0 0
Newcrest Mining Limited COM Q6651B114   286 14,304 SH   SOLE   14,304 0 0
Newmont Goldcorp (fmly.Newmo COM 651639106   10,106 127,195 SH   SOLE   127,195 0 0
Norilsk Nickel Mining & Metall COM 55315J102   98 32,400 SH   SOLE   32,400 0 0
NovaGold Resources Inc. COM 66987E206   208 26,900 SH   SOLE   26,900 0 0
Pan American Silver Corp. COM 697900108   3,046 111,581 SH   SOLE   111,581 0 0
Southern Copper Corporation COM 84265V105   228 3,000 SH   SOLE   3,000 0 0
Sprott Physical Gold & Silver COM 85208R101   4,665 240,727 SH   SOLE   240,727 0 0
Sprott Physical Gold Trust COM 85207H104   2,824 183,707 SH   SOLE   183,707 0 0
Sprott Physical Silver Trust COM 852075107   1,824 207,950 SH   SOLE   207,950 0 0
Vale S.A. COM 91912E105   1,089 54,500 SH   SOLE   54,500 0 0
Wheaton Precious Metals (Silve COM 828336107   3,124 65,666 SH   SOLE   65,666 0 0
Yamana Gold, Inc. COM 98462Y100   2,309 413,820 SH   SOLE   413,820 0 0