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
HECLA MNG CO COM COM 422704106 92 16,731 SH   SOLE NONE 16,731 0 0
ISHARES MSCI EMERGING MARKETS ETF MSCI EMG MKT ETF 464287234 32,311 641,357 SH   SOLE NONE 641,357 0 0
ISHARES MSCI EMERGING MARKETS ETF MSCI EMG MKT ETF 464287234 32,303 641,200 SH Put SOLE NONE 641,200 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103 157 13,900 SH   SOLE NONE 13,900 0 0
DIREXION DAILY S&P 500 BEAR 1X SHARES DLY S&P500 BR 1X 25460E869 27,805 1,773,283 SH   SOLE NONE 1,773,283 0 0
SPDR S&P 500 ETF TR UNIT 78462F103 214 500 SH Put SOLE NONE 500 0 0
SPDR S&P 500 ETF TR UNIT 78462F103 343 800 SH Put SOLE NONE 800 0 0
SPDR S&P 500 ETF TR UNIT 78462F103 214 500 SH Put SOLE NONE 500 0 0
BAXTER INTL INC COM COM 071813109 363 4,522 SH   SOLE NONE 4,522 0 0
MICROSOFT COM 594918104 239 850 SH   SOLE NONE 850 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 264 19,135 SH   SOLE NONE 19,135 0 0
SPROTT PHYSICAL SILVER TR UNIT 85207K107 593 77,232 SH   SOLE NONE 77,232 0 0
MARKET VECTORS GOLD MINERS INDEX ETF GOLD MINERS ETF 92189F106 36,011 1,221,955 SH   SOLE NONE 1,221,955 0 0
MARKET VECTORS GOLD MINERS INDEX ETF GOLD MINERS ETF 92189F106 34,064 1,155,900 SH Put SOLE NONE 1,155,900 0 0
GLOBAL X SILVER MINERS ETF GLOBAL X SILVER 37954Y848 511 14,568 SH   SOLE NONE 14,568 0 0
SANDSTORM GOLD LTD COM NEW COM NEW 80013R206 69 12,080 SH   SOLE NONE 12,080 0 0
DENISON MINES CORP COM COM 248356107 83 57,100 SH   SOLE NONE 57,100 0 0
MARKET VECTORS ETF TR JR GOLD MINERS ETF NEW JUNIOR GOLD MINE 92189F791 3,029 79,028 SH   SOLE NONE 79,028 0 0
ENERGY SELECT SECTOR SPDR ENERGY 81369Y506 32,694 627,650 SH   SOLE NONE 627,650 0 0
ENERGY SELECT SECTOR SPDR ENERGY 81369Y506 32,650 626,800 SH Put SOLE NONE 626,800 0 0
SPDR PORTFOLIO SHORT TERM TREASURY ETF PORTFOLIO SH TSR 78468R101 1,091 35,635 SH   SOLE NONE 35,635 0 0
SPDR PORTFOLIO EMERGING MARKETS ETF PORTFOLIO EMG MK 78463X509 286 6,748 SH   SOLE NONE 6,748 0 0
CENTRAL FUND OF CANADA LTD TR UNIT 85208R101 7,352 429,218 SH   SOLE NONE 429,218 0 0
URANIUM ENERGY CORP COM COM 916896103 32 10,600 SH   SOLE NONE 10,600 0 0
SPDR BLOOMBERG 1-3 MONTH T-BILL ETF SPDR BLOOMBERG 78468R663 369 4,041 SH   SOLE NONE 4,041 0 0