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
AEMETIS INC COM 00770K202 1,531 1,151,373 SH   SOLE   1,151,373 0 0
AFFILIATED MANAGERS GROUP COM 008252108 972 5,858 SH   SOLE   5,858 0 0
AGNICO EAGLE MINES LTD COM 008474108 17,832 395,216 SH   SOLE   395,216 0 0
ALAMOS GOLD INC COM 011532108 5,661 788,392 SH   SOLE   788,392 0 0
ALEXCO RESOURCE CORP COM 01535P106 412 311,922 SH   SOLE   311,922 0 0
ALGONQUIN PWR UTILS CORP COM 015857105 337 32,000 SH   SOLE   32,000 0 0
ALIO GOLD INC COM 01627X108 3,020 666,610 SH   SOLE   666,610 0 0
ALLERGAN PLC COM G0177J108 1,944 7,998 SH   SOLE   7,998 0 0
ALPHABET INC CL C COM 02079K107 1,666 1,833 SH   SOLE   1,833 0 0
ALPS ETF TR ALERIAN MLP COM 00162Q866 246 20,571 SH   SOLE   20,571 0 0
ALPS ETF TR SPROTT GOLD MINERS COM 00162Q643 2,103 108,045 SH   SOLE   108,045 0 0
AMERICAN TOWER CORP COM 03027X100 2,065 15,605 SH   SOLE   15,605 0 0
AMGEN INC COM 031162100 4,409 25,600 SH   SOLE   25,600 0 0
APPLE INC COM 037833100 12,030 83,530 SH   SOLE   83,530 0 0
ARTISAN PARTNERS ASSET MGMT CL A COM 04316A108 5,833 190,000 SH   SOLE   190,000 0 0
ASANKO GOLD INC COM 04341Y105 6,933 4,531,679 SH   SOLE   4,531,679 0 0
AVINO SILVER & GOLD MINES LTD COM 053906103 237 148,163 SH   SOLE   148,163 0 0
B2GOLD CORP COM 11777Q209 18,155 6,460,950 SH   SOLE   6,460,950 0 0
BARCLAYS BK PLC IPATH S&P500 VIX COM 06740Q252 313 24,500 SH   SOLE   24,500 0 0
BARRICK GOLD CORP COM 067901108 5,832 366,592 SH   SOLE   366,592 0 0
BAYTEX ENERGY CORP COM 07317Q105 1,312 540,000 SH   SOLE   540,000 0 0
BERKSHIRE HATHAWAY INC CL B COM 084670702 6,373 37,625 SH   SOLE   37,625 0 0
BROOKFIELD INFRAST PARTNERS LP COM G16252101 28,540 697,630 SH   SOLE   697,630 0 0
BROOKFIELD PPTY PARTNERS L P COM G16249107 19,637 829,610 SH   SOLE   829,610 0 0
BUCKLE INC COM 118440106 3,738 210,000 SH   SOLE   210,000 0 0
C&J ENERGY SVCS INC COM 12674R100 6,169 180,000 SH   SOLE   180,000 0 0
CAL MAINE FOODS INC COM 128030202 8,372 211,424 SH   SOLE   211,424 0 0
CALLON PETE CO COM 13123X102 9,984 941,000 SH   SOLE   941,000 0 0
CAMECO CORP COM 13321L108 486 53,366 SH   SOLE   53,366 0 0
CANADIAN NAT RES LTD COM 136385101 435 15,100 SH   SOLE   15,100 0 0
CANADIAN PAC RY LTD COM 13645T100 1,668 10,375 SH   SOLE   10,375 0 0
CARBO CERAMICS INC COM 140781105 2,192 320,000 SH   SOLE   320,000 0 0
CATCHMARK TIMBER TR INC CL A COM 14912Y202 278 24,450 SH   SOLE   24,450 0 0
CDN IMPERIAL BK COMM TORONTO COM 136069101 1,128 13,900 SH   SOLE   13,900 0 0
CENTRAL FD CDA LTD CL A COM 153501101 19,604 1,589,907 SH   SOLE   1,589,907 0 0
CENTURY CMNTYS INC COM 156504300 1,612 65,000 SH   SOLE   65,000 0 0
CIRRUS LOGIC INC COM 172755100 5,990 95,500 SH   SOLE   95,500 0 0
CITY OFFICE REIT INC COM 178587101 440 34,675 SH   SOLE   34,675 0 0
COEUR MNG INC COM 192108504 4,196 489,100 SH   SOLE   489,100 0 0
COMCAST CORP COM 20030N101 19,744 507,303 SH   SOLE   507,303 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR COM 204448104 2,194 190,795 SH   SOLE   190,795 0 0
CONTINENTAL RESOURCES INC COM 212015101 3,233 100,000 SH   SOLE   100,000 0 0
CRESCENT PT ENERGY CORP COM 22576C101 621 81,140 SH   SOLE   81,140 0 0
DANAHER CORP COM 235851102 8,279 98,100 SH   SOLE   98,100 0 0
DENISON MINES CORP COM 248356107 20 44,936 SH   SOLE   44,936 0 0
DIREXION DLY JR GOLD 3X COM 25460E877 478 7,500 SH   SOLE   7,500 0 0
DIREXION DAILY GLD MINE COM 25490K174 374 14,000 SH   SOLE   14,000 0 0
DISNEY WALT CO COM 254687106 1,061 9,985 SH   SOLE   9,985 0 0
DOMINION DIAMOND CORP COM 257287102 271 21,595 SH   SOLE   21,595 0 0
DRDGOLD LIMITED SPON ADR COM 26152H301 32 10,000 SH   SOLE   10,000 0 0
ELDORADO GOLD CORP COM 284902103 189 71,750 SH   SOLE   71,750 0 0
ENBRIDGE INC COM 29250N105 26,946 676,877 SH   SOLE   676,877 0 0
ENDEAVOUR SILVER CORP COM 29258Y103 2,115 693,316 SH   SOLE   693,316 0 0
ENERGY FUELS INC W EXP 09/20/2021 W EXP 09/20/2021 292671179 175 277,778 SH   SOLE   277,778 0 0
ENERGY FUELS INC COM 292671708 72 45,000 SH   SOLE   45,000 0 0
EQUINIX INC COM 29444U700 669 1,560 SH   SOLE   1,560 0 0
EURASIAN MINERALS INC COM 29843R100 8,176 8,838,453 SH   SOLE   8,838,453 0 0
EXXON MOBIL CORP COM 30231G102 5,659 70,100 SH   SOLE   70,100 0 0
FAIRMOUNT SANTROL HLDGS INC COM 30555Q108 7,312 1,875,000 SH   SOLE   1,875,000 0 0
FEDERATED INVS INC PA CL B COM 314211103 6,498 230,000 SH   SOLE   230,000 0 0
FEDEX CORP COM 31428X106 1,663 7,650 SH   SOLE   7,650 0 0
FERROGLOBE PLC COM G33856108 5,709 477,738 SH   SOLE   477,738 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 4,440 534,294 SH   SOLE   534,294 0 0
FISERV INC COM 337738108 25,667 209,800 SH   SOLE   209,800 0 0
FORTUNA SILVER MINES INC COM 349915108 8,960 1,832,300 SH   SOLE   1,832,300 0 0
FRANCO NEVADA CORP COM 351858105 8,655 119,941 SH   SOLE   119,941 0 0
FRANKLIN RES INC COM 354613101 13,123 293,000 SH   SOLE   293,000 0 0
FREEPORT-MCMORAN INC CL B COM 35671D857 363 30,200 SH   SOLE   30,200 0 0
FRP HLDGS INC COM 30292L107 4,407 95,500 SH   SOLE   95,500 0 0
GAMESTOP CORP COM 36467W109 9,616 445,000 SH   SOLE   445,000 0 0
GARMIN LTD COM H2906T109 4,491 88,000 SH   SOLE   88,000 0 0
GENERAL ELECTRIC CO COM 369604103 22,410 829,700 SH   SOLE   829,700 0 0
GENTEX CORP COM 371901109 8,062 425,000 SH   SOLE   425,000 0 0
GGP INC COM 36174X101 348 14,773 SH   SOLE   14,773 0 0
GLADSTONE INVT CORP COM 376546107 160 17,000 SH   SOLE   17,000 0 0
GOLD STD VENTURES CORP COM 380738104 144 84,500 SH   SOLE   84,500 0 0
GOLDCORP INC COM 380956409 3,753 290,704 SH   SOLE   290,704 0 0
GREAT PANTHER SILVER LTD COM 39115V101 1,732 1,353,442 SH   SOLE   1,353,442 0 0
GROUPE CGI INC CL A COM 39945C109 28,367 555,450 SH   SOLE   555,450 0 0
HECLA MNG CO COM 422704106 3,113 610,425 SH   SOLE   610,425 0 0
HELMERICH & PAYNE INC COM 423452101 6,928 127,500 SH   SOLE   127,500 0 0
HI-CRUSH PARTNERS LP COM 428337109 12,749 1,175,000 SH   SOLE   1,175,000 0 0
HOME DEPOT INC COM 437076102 10,600 69,100 SH   SOLE   69,100 0 0
HUDBAY MINERALS INC COM 443628102 259 45,000 SH   SOLE   45,000 0 0
HUDSON PAC PPTYS INC COM 444097109 313 9,145 SH   SOLE   9,145 0 0
IAMGOLD CORP COM 450913108 114 22,000 SH   SOLE   22,000 0 0
INDUSTRIAS BACHOCO SAB DE SPON ADR COM 456463108 6,299 108,636 SH   SOLE   108,636 0 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104 18,508 280,771 SH   SOLE   280,771 0 0
INTERNATIONAL TOWER HILL MINES COM 46050R102 30 63,500 SH   SOLE   63,500 0 0
INTERXION HOLDING NV COM N47279109 1,337 29,200 SH   SOLE   29,200 0 0
ISHARES GOLD TRUST COM 464285105 183 15,354 SH   SOLE   15,354 0 0
ISHARES U.S. REAL ESTATE PUT 464287959 126,571 1,586,700 SH   SOLE   1,586,700 0 0
JPMORGAN CHASE & CO COM 46625H100 1,777 19,440 SH   SOLE   19,440 0 0
KEANE GROUP INC COM 48669A108 400 25,000 SH   SOLE   25,000 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 10,244 537,751 SH   SOLE   537,751 0 0
KINROSS GOLD CORP COM 496902404 3,997 982,170 SH   SOLE   982,170 0 0
KLONDEX MNS LTD COM 498696103 38 11,300 SH   SOLE   11,300 0 0
LAM RESEARCH CORP COM 512807108 3,606 25,500 SH   SOLE   25,500 0 0
MACQUARIE INFRASTRUCTURE CORP COM 55608B105 2,411 30,750 SH   SOLE   30,750 0 0
MAG SILVER CORP COM 55903Q104 16,089 1,233,819 SH   SOLE   1,233,819 0 0
MANULIFE FINL CORP COM 56501R106 14,732 785,295 SH   SOLE   785,295 0 0
MARATHON OIL CORP COM 565849106 170 14,310 SH   SOLE   14,310 0 0
MARCUS & MILLICHAP INC COM 566324109 2,900 110,000 SH   SOLE   110,000 0 0
MASTERCARD INCORPORATED CL A COM 57636Q104 1,839 15,140 SH   SOLE   15,140 0 0
MCEWEN MNG INC COM 58039P107 2,413 917,513 SH   SOLE   917,513 0 0
MEDTRONIC PLC COM G5960L103 390 4,400 SH   SOLE   4,400 0 0
MKS INSTRUMENT INC COM 55306N104 4,711 70,000 SH   SOLE   70,000 0 0
MOUNTAIN PROV DIAMONDS INC COM 62426E402 1,311 437,127 SH   SOLE   437,127 0 0
NEVSUN RES LTD COM 64156L101 8,271 3,431,806 SH   SOLE   3,431,806 0 0
NEW GOLD INC CDA COM 644535106 466 146,650 SH   SOLE   146,650 0 0
NEW GOLD INC CDA CALL 644535906 3,036 954,600 SH   SOLE   954,600 0 0
NEWMONT MINING CORP COM 651639106 9,529 294,190 SH   SOLE   294,190 0 0
NEXGEN ENERGY LTD COM 65340P106 1,795 819,700 SH   SOLE   819,700 0 0
NEXTERA ENERGY INC COM 65339F101 373 2,665 SH   SOLE   2,665 0 0
NORTHERN DYNASTY MINERALS COM 66510M204 22 16,000 SH   SOLE   16,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 22,257 86,700 SH   SOLE   86,700 0 0
OASIS PETE INC COM 674215108 143 17,800 SH   SOLE   17,800 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 730 59,725 SH   SOLE   59,725 0 0
PAN AMERICAN SILVER CORP COM 697900108 9,707 577,090 SH   SOLE   577,090 0 0
PARSLEY ENERGY INC CL A COM 701877102 13,042 470,000 SH   SOLE   470,000 0 0
PATTERSON UTI ENERGY INC COM 703481101 8,884 440,000 SH   SOLE   440,000 0 0
PEMBINA PIPELINE CORP COM 706327103 564 17,032 SH   SOLE   17,032 0 0
PEPSICO INC COM 713448108 9,332 80,800 SH   SOLE   80,800 0 0
PLATINUM GROUP METALS LTD COM 72765Q601 522 625,238 SH   SOLE   625,238 0 0
POTASH CORP SASK INC COM 73755L107 524 32,130 SH   SOLE   32,130 0 0
POWERSHS DB AGRICUL FD COM 73936B408 635 32,000 SH   SOLE   32,000 0 0
PRETIUM RES INC COM 74139C102 12,973 1,349,977 SH   SOLE   1,349,977 0 0
PROLOGIS INC COM 74340W103 422 7,200 SH   SOLE   7,200 0 0
PROPETRO HLDG CORP COM 74347M108 13,611 975,000 SH   SOLE   975,000 0 0
RANDGOLD RES LTD ADR COM 752344309 5,001 56,532 SH   SOLE   56,532 0 0
RAYTHEON CO COM 755111507 1,727 10,695 SH   SOLE   10,695 0 0
RICHMONT MINES INC COM 76547T106 8,956 1,148,150 SH   SOLE   1,148,150 0 0
ROYAL BK CDA COM 780087102 782 10,785 SH   SOLE   10,785 0 0
ROYAL GOLD INC COM 780287108 2,458 31,438 SH   SOLE   31,438 0 0
SANDERSON FARMS INC COM 800013104 11,045 95,500 SH   SOLE   95,500 0 0
SANDSTORM GOLD LTD COM 80013R206 279 72,013 SH   SOLE   72,013 0 0
SEABRIDGE GOLD INC COM 811916105 4,161 385,300 SH   SOLE   385,300 0 0
SELECT SECTOR SPDR UTILS PUT 81369Y956 181,247 3,488,200 SH   SOLE   3,488,200 0 0
SELECT SECTOR SPDR CONS STPLS PUT 81369Y958 350,616 6,381,800 SH   SOLE   6,381,800 0 0
SILVER STD RES INC COM 82823L106 2,454 252,700 SH   SOLE   252,700 0 0
SILVERCORP METALS INC COM 82835P103 1,174 365,800 SH   SOLE   365,800 0 0
SIMON PPTY GROUP INC COM 828806109 259 1,600 SH   SOLE   1,600 0 0
SL GREEN RLTY CORP COM 78440X101 354 3,345 SH   SOLE   3,345 0 0
SMART SAND INC COM 83191H107 5,346 600,000 SH   SOLE   600,000 0 0
SPDR GOLD SHARES CALL 78463V907 153,426 1,300,000 SH   SOLE   1,300,000 0 0
SPDR EURO STOXX 50 PUT 78463X952 153,880 4,000,000 SH   SOLE   4,000,000 0 0
SPDR S&P 500 ETF TRUST PUT 78462F953 702,671 2,906,000 SH   SOLE   2,906,000 0 0
SPROTT PHYSICAL GOLD TRUST COM 85207H104 1,218 120,223 SH   SOLE   120,223 0 0
SPROTT PHYSICAL PLAT PALLAD TRUST COM 85207Q104 761 95,400 SH   SOLE   95,400 0 0
SPROTT PHYSICAL SILVER TRUST COM 85207K107 661 104,775 SH   SOLE   104,775 0 0
SUNCOR ENERGY INC COM 867224107 18,442 631,572 SH   SOLE   631,572 0 0
SYNTEL INC COM 87162H103 5,427 320,000 SH   SOLE   320,000 0 0
TAHOE RES INC COM 873868103 5,714 662,901 SH   SOLE   662,901 0 0
TEUCRIUM COMMODITY TR CORN FD COM 88166A102 261 13,700 SH   SOLE   13,700 0 0
TEUCRIUM COMMODITY TR WHEAT FD COM 88166A508 298 38,000 SH   SOLE   38,000 0 0
THOR INDS INC COM 885160101 5,331 51,000 SH   SOLE   51,000 0 0
TORONTO DOMINION BK COM 891160509 761 15,100 SH   SOLE   15,100 0 0
TRANSALTA CORP COM 89346D107 384 60,000 SH   SOLE   60,000 0 0
TRANSCANADA CORP COM 89353D107 23,575 494,554 SH   SOLE   494,554 0 0
U S SILICA HLDGS INC COM 90346E103 15,190 428,000 SH   SOLE   428,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 24,097 129,960 SH   SOLE   129,960 0 0
URANIUM ENERGY CORP COM 916896103 469 294,811 SH   SOLE   294,811 0 0
VANECK VECTORS ETF TR JR GOLD MINERS CALL 92189F901 84,869 2,542,500 SH   SOLE   2,542,500 0 0
VANECK VECTORS ETF TR GOLD MINERS CALL 92189F906 33,495 1,517,000 SH   SOLE   1,517,000 0 0
VANECK VECTORS ETF TR GOLD MINERS COM 92189F106 4,312 195,276 SH   SOLE   195,276 0 0
VANECK VECTORS ETF TR JR GOLD MINERS COM 92189F791 835 25,025 SH   SOLE   25,025 0 0
VISA INC CL A COM 92826C839 1,953 20,826 SH   SOLE   20,826 0 0
VISTA GOLD CORP COM 927926303 38 43,166 SH   SOLE   43,166 0 0
WASTE CONNECTIONS INC COM 94106B101 1,726 26,786 SH   SOLE   26,786 0 0
WESTERN DIGITAL CORP COM 958102105 11,002 124,175 SH   SOLE   124,175 0 0
WESTLAKE CHEM CORP COM 960413102 8,011 121,000 SH   SOLE   121,000 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 10,729 539,400 SH   SOLE   539,400 0 0
WILLIAMS SONOMA INC COM 969904101 3,104 64,000 SH   SOLE   64,000 0 0
WPX ENERGY INC COM 98212B103 11,109 1,150,000 SH   SOLE   1,150,000 0 0
XYLEM INC COM 98419M100 1,518 27,386 SH   SOLE   27,386 0 0
YAMANA GOLD INC COM 98462Y100 138 56,750 SH   SOLE   56,750 0 0