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   1,307 62,374 SH   SOLE   62,374 0 0
AbbVie, Inc. COM 00287Y109   5,622 36,708 SH   SOLE   36,708 0 0
Abbott Laboratories COM 002824100   1,569 14,441 SH   SOLE   14,441 0 0
American Express COM 025816109   2,242 16,175 SH   SOLE   16,175 0 0
Amgen Inc. COM 031162100   2,969 12,205 SH   SOLE   12,205 0 0
Anheuser Busch InBev COM 03524a108   1,033 19,150 SH   SOLE   19,150 0 0
Apple Computer COM 037833100   1,187 8,680 SH   SOLE   8,680 0 0
Atlassian Corporation COM G06242104   572 3,050 SH   SOLE   3,050 0 0
Avista (formerly Washington Wa COM 05379B107   204 4,700 SH   SOLE   4,700 0 0
Bristol-Myers Squibb COM 110122108   2,002 26,006 SH   SOLE   26,006 0 0
Bunge Ltd. COM G16962105   2,648 29,200 SH   SOLE   29,200 0 0
CSX Corp. COM 126408103   2,930 100,825 SH   SOLE   100,825 0 0
Cardinal Health COM 14149Y108   251 4,800 SH   SOLE   4,800 0 0
Carrier Global Corporation COM 14448c104   281 7,891 SH   SOLE   7,891 0 0
Caterpillar Inc. COM 149123101   206 1,150 SH   SOLE   1,150 0 0
Chevron Corporation (fmly. Che COM 166764100   2,659 18,364 SH   SOLE   18,364 0 0
Clorox Co. COM 189054109   1,993 14,135 SH   SOLE   14,135 0 0
ConocoPhillips COM 20825C104   1,317 14,666 SH   SOLE   14,666 0 0
Copart Inc. COM 217204106   2,097 19,300 SH   SOLE   19,300 0 0
DNP Select Income Fund (fmly. COM 23325p104   728 67,195 SH   SOLE   67,195 0 0
Direxion Daily S&P 500 Bear 1X COM 25460e869   1,631 95,700 SH   SOLE   95,700 0 0
Duke Energy COM 264399106   276 2,571 SH   SOLE   2,571 0 0
Duke Realty Corp. (fmly. Duke- COM 264411505   533 9,700 SH   SOLE   9,700 0 0
Elanco Animal Health COM 28414H103   317 16,153 SH   SOLE   16,153 0 0
Equinor ASA (formerly Statoil COM 29446m102   890 25,600 SH   SOLE   25,600 0 0
Essex Property Trust COM 297178105   1,642 6,280 SH   SOLE   6,280 0 0
Fed Ex COM 31304n107   533 2,350 SH   SOLE   2,350 0 0
Gilead Sciences, Inc. COM 375558103   1,121 18,141 SH   SOLE   18,141 0 0
Great Lakes Dredge & Dock Corp COM 390607109   1,055 80,450 SH   SOLE   80,450 0 0
Hawaiian Electric COM 419870100   1,714 41,912 SH   SOLE   41,912 0 0
Healthpeak Properties Inc (frm COM 42250P103   529 20,434 SH   SOLE   20,434 0 0
Intel Corp. COM 458140100   1,853 49,530 SH   SOLE   49,530 0 0
Johnson & Johnson COM 478160104   1,394 7,851 SH   SOLE   7,851 0 0
Kellogg Co. COM 487836108   954 13,374 SH   SOLE   13,374 0 0
Kimberly-Clark COM 494368103   1,399 10,348 SH   SOLE   10,348 0 0
Leggett & Platt, Inc. COM 524660107   498 14,400 SH   SOLE   14,400 0 0
Lilly, Eli COM 532457108   2,571 7,931 SH   SOLE   7,931 0 0
Lockheed Martin Corp. COM 539830109   3,074 7,150 SH   SOLE   7,150 0 0
Medical Marijuana, Inc. COM 58463A105   1 60,000 SH   SOLE   60,000 0 0
Merck & Co. COM 589331107   3,205 35,150 SH   SOLE   35,150 0 0
Microchip Technology, Inc. COM 595017104   2,486 42,800 SH   SOLE   42,800 0 0
Microsoft COM 594918104   3,673 14,300 SH   SOLE   14,300 0 0
NetApp, Inc. COM 64110d104   333 5,100 SH   SOLE   5,100 0 0
Nucor Corporation COM 670346105   1,185 11,350 SH   SOLE   11,350 0 0
Occidental Petroleum COM 674599105   1,602 27,207 SH   SOLE   27,207 0 0
Open Joint Stock Co. Gazprom COM 368287207   0 130,500 SH   SOLE   130,500 0 0
Oracle Corp. COM 68389X105   545 7,800 SH   SOLE   7,800 0 0
Otis Worldwide Corp. COM 68902v107   283 4,008 SH   SOLE   4,008 0 0
Pepsico Inc. COM 713448108   2,037 12,223 SH   SOLE   12,223 0 0
Petroleo Brasileiro S.A. COM 71654v408   728 62,300 SH   SOLE   62,300 0 0
Phillips 66 COM 718546104   517 6,300 SH   SOLE   6,300 0 0
ProShares Short S&P 500 COM 74347R503   5,223 316,524 SH   SOLE   316,524 0 0
Procter & Gamble COM 742718109   21,186 147,341 SH   SOLE   147,341 0 0
Public Storage COM 74460D109   1,996 6,383 SH   SOLE   6,383 0 0
Qualcomm Inc. COM 747525103   664 5,200 SH   SOLE   5,200 0 0
Rayonier Inc. COM 754907103   553 14,800 SH   SOLE   14,800 0 0
Raytheon Technologies (frmly U COM 913017109   211 2,200 SH   SOLE   2,200 0 0
Realty Income Corp. COM 756109104   235 3,450 SH   SOLE   3,450 0 0
Regeneron Pharmaceuticals, Inc COM 75886f107   804 1,360 SH   SOLE   1,360 0 0
Regions Financial Corporation COM 7591EP100   274 14,600 SH   SOLE   14,600 0 0
Sanofi-Aventis SA COM 80105N105   1,210 24,195 SH   SOLE   24,195 0 0
Schlumberger, Ltd. COM 806857108   411 11,500 SH   SOLE   11,500 0 0
Southern Company COM 842587107   1,973 27,666 SH   SOLE   27,666 0 0
Target Stores COM 87612E106   974 6,900 SH   SOLE   6,900 0 0
The Gabelli Healthcare and Wel COM 36246K103   1,795 167,400 SH   SOLE   167,400 0 0
TotalEnergies SE (frmly Total COM 89151E109   2,615 49,683 SH   SOLE   49,683 0 0
Transocean, Ltd. COM 893817106   308 92,520 SH   SOLE   92,520 0 0
Trimble Navigation Ltd. COM 896239100   241 4,138 SH   SOLE   4,138 0 0
Unilever PLC COM 904767704   986 21,524 SH   SOLE   21,524 0 0
Verizon Corporation COM 92343V104   1,970 38,823 SH   SOLE   38,823 0 0
Vestas Wind Systems A/S COM 925458101   619 88,300 SH   SOLE   88,300 0 0
W.P. Carey, Inc. COM 92936u109   1,595 19,245 SH   SOLE   19,245 0 0
Warner Bros. Discovery COM 934423104   196 14,588 SH   SOLE   14,588 0 0
Weyerhaeuser Co. COM 962166104   1,147 34,632 SH   SOLE   34,632 0 0
Invesco PureBeta 0-5 Yr US TIP COM 46138e495   2,482 97,215 SH   SOLE   97,215 0 0
Pimco 1-5 Year U.S. TIPS Index COM 72201R205   10,322 197,390 SH   SOLE   197,390 0 0
Pimco Enhanced Short Maturity COM 72201R833   2,131 21,500 SH   SOLE   21,500 0 0
Schwab US TIPS ETF COM 808524870   1,532 27,464 SH   SOLE   27,464 0 0
ASA (Bermuda) Limited COM G3156P103   609 41,480 SH   SOLE   41,480 0 0
Agnico Eagle Miners Limited COM 008474108   3,196 69,835 SH   SOLE   69,835 0 0
Alamos Gold Inc COM 011532108   453 64,600 SH   SOLE   64,600 0 0
AngloGold Ashanti Ltd. COM 035128206   175 11,830 SH   SOLE   11,830 0 0
BHP Billiton Ltd. COM 088606108   761 13,540 SH   SOLE   13,540 0 0
Franco-Nevada Corp. COM 351858105   4,102 31,173 SH   SOLE   31,173 0 0
Freeport McMoRan Inc. COM 35671D857   1,723 58,900 SH   SOLE   58,900 0 0
Hecla Mining COM 422704106   121 30,782 SH   SOLE   30,782 0 0
IAMGOLD Corporation COM 450913108   104 64,766 SH   SOLE   64,766 0 0
Kinross Gold Corporation COM 496902404   325 90,916 SH   SOLE   90,916 0 0
Market Vectors Gold Miners ETF COM 57060U100   285 10,400 SH   SOLE   10,400 0 0
McEwen Mining Inc. COM 58039P107   8 19,000 SH   SOLE   19,000 0 0
Newcrest Mining Limited COM Q6651B114   206 14,300 SH   SOLE   14,300 0 0
Newmont Goldcorp (fmly.Newmo COM 651639106   7,610 127,531 SH   SOLE   127,531 0 0
Norilsk Nickel Mining & Metall COM 55315J102   0 32,400 SH   SOLE   32,400 0 0
NovaGold Resources Inc. COM 66987E206   129 26,900 SH   SOLE   26,900 0 0
Pan American Silver Corp. COM 697900108   2,202 111,931 SH   SOLE   111,931 0 0
Sprott Physical Gold & Silver COM 85208R101   4,074 242,227 SH   SOLE   242,227 0 0
Sprott Physical Gold Trust COM 85207H104   2,605 183,707 SH   SOLE   183,707 0 0
Sprott Physical Silver Trust COM 852075107   1,442 208,950 SH   SOLE   208,950 0 0
Vale S.A. COM 91912E105   838 57,300 SH   SOLE   57,300 0 0
Wheaton Precious Metals (Silve COM 828336107   2,366 65,666 SH   SOLE   65,666 0 0
Yamana Gold, Inc. COM 98462Y100   1,930 415,120 SH   SOLE   415,120 0 0