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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
BARRICK GOLD CORPCOM0679011083,362169,783SH SOLE 169,78300
CATERPILLAR INCCOM1491231014,50819,442SH SOLE 19,44200
CIENA CORPCOM NEW1717793094,26177,871SH SOLE 77,87100
COMPANIA DE MINAS BUENAVENTUSPONSORED ADR2044481041,210120,648SH SOLE 120,64800
COSTCO WHSL CORP NEWCOM22160K1055,73816,279SH SOLE 16,27900
CUMMINS INCCOM2310211064,31416,650SH SOLE 16,65000
D R HORTON INCCOM23331A1095,88366,007SH SOLE 66,00700
DEERE & COCOM2441991055,84015,608SH SOLE 15,60800
DEVON ENERGY CORP NEWCOM25179M1031,46266,899SH SOLE 66,89900
EATON CORP PLCSHSG291831032,58918,721SH SOLE 18,72100
GOLAR LNG LTDSHSG9456A10074973,244SH SOLE 73,24400
HONEYWELL INTL INCCOM4385161063,09514,258SH SOLE 14,25800
INTEL CORPCOM4581401003,16449,439SH SOLE 49,43900
INTUITIVE SURGICAL INCCOM NEW46120E6025,0746,866SH SOLE 6,86600
ISHARES INCMSCI AUST ETF4642861035,485221,250SH SOLE 221,25000
ISHARES INCMSCI BRAZIL ETF46428640039311,741SH SOLE 11,74100
ISHARES INCMSCI TAIWAN ETF46434G7728,659144,410SH SOLE 144,41000
ISHARES SILVER TRISHARES46428Q10950122,050SH SOLE 22,05000
ISHARES TRMSCI UK ETF NEW46435G3345,455174,227SH SOLE 174,22700
LENNAR CORPCL A5260571043,75637,105SH SOLE 37,10500
MICROSOFT CORPCOM5949181045,13221,766SH SOLE 21,76600
NEWMONT CORPCOM6516391063,77662,648SH SOLE 62,64800
NORFOLK SOUTHN CORPCOM6558441086,74725,128SH SOLE 25,12800
PULTE GROUP INCCOM7458671014,88593,149SH SOLE 93,14900
RIO TINTO PLCSPONSORED ADR7672041003,52345,366SH SOLE 45,36600
ROCKWELL AUTOMATION INCCOM7739031093,31712,498SH SOLE 12,49800
ROSS STORES INCCOM7782961034,96741,422SH SOLE 41,42200
SCHLUMBERGER LTDCOM8068571081,32748,801SH SOLE 48,80100
SHERWIN WILLIAMS COCOM8243481063,53914,388SH SOLE 14,38800
SONY CORPSPONSORED ADR8356993076,82964,416SH SOLE 64,41600
SPDR GOLD TRGOLD SHS78463V1078775,482SH SOLE 5,48200
SPDR SER TRS&P HOMEBUILD78464A8884,78668,006SH SOLE 68,00600
ST JOE COCOM7901481002,07548,366SH SOLE 48,36600
UNION PAC CORPCOM9078181085,05222,923SH SOLE 22,92300
VALE S ASPONSORED ADS91912E1052,435140,094SH SOLE 140,09400
VANECK VECTORS ETF TRGOLD MINERS ETF92189F1065,161158,789SH SOLE 158,78900
VANECK VECTORS ETF TRRUSSIA ETF92189F4032,34890,959SH SOLE 90,95900
WISDOMTREE TRJAPN HEDGE EQT97717W8516,309102,861SH SOLE 102,86100