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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABERCROMBIE & FITCH CO CL A 002896207   64,530 3,000 SH   SOLE   3,000 0 0
ACUITY BRANDS INC COM 00508Y102   115,187 640 SH   SOLE   640 0 0
AGNICO EAGLE MINES LTD COM 008474108   1,501,207 52,492 SH   SOLE   52,492 0 0
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206   1,143,899 127,810 SH   SOLE   127,810 0 0
APPLIED MICRO CIRCUITS CORP COM NEW 03822W406   15,994,800 2,369,600 SH   SOLE   2,369,600 0 0
AURICO GOLD INC COM 05155C105   160,661 55,800 SH   SOLE   55,800 0 0
B2GOLD CORP COM 11777Q209   445,081 288,933 SH   SOLE   288,933 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711   2,954,700 147,000 SH   SOLE   147,000 0 0
BARRICK GOLD CORP COM 067901108   1,636,725 153,539 SH   SOLE   153,539 0 0
BROADCOM CORP CL A 111320107   1,304,756 25,340 SH   SOLE   25,340 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109   97,577 1,950 SH   SOLE   1,950 0 0
CISCO SYS INC COM 17275R102   11,730,912 427,200 SH   SOLE   427,200 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   760,615 73,277 SH   SOLE   73,277 0 0
DISNEY WALT CO COM 254687106   2,839,574 24,878 SH   SOLE   24,878 0 0
FLIR SYS INC COM 302445101   13,197,401 428,209 SH   SOLE   428,209 0 0
FORTUNA SILVER MINES INC COM 349915108   1,108,222 302,000 SH   SOLE   302,000 0 0
FRANCO NEV CORP COM 351858105   657,477 13,685 SH   SOLE   13,685 0 0
FREEPORT-MCMORAN INC CL B 35671D857   251,370 13,500 SH   SOLE   13,500 0 0
GOLDCORP INC NEW COM 380956409   578,242 35,371 SH   SOLE   35,371 0 0
GUESS INC COM 401617105   52,219 2,724 SH   SOLE   2,724 0 0
HARMAN INTL INDS INC COM 413086109   7,494,409 63,010 SH   SOLE   63,010 0 0
HECLA MNG CO COM 422704106   26,300 10,000 SH   SOLE   10,000 0 0
IRIDIUM COMMUNICATIONS INC COM 46269C102   7,908,300 870,000 SH   SOLE   870,000 0 0
ISHARES MSCI ACWI ETF 464288257   3,816,095 64,190 SH   SOLE   0 0 64,190
ISHARES TR RUSSELL 2000 ETF 464287655   2,709,462 21,700 SH   SOLE   0 0 21,700
ISHARES TR MSCI EMG MKT ETF 464287234   2,405,290 60,709 SH   SOLE   0 0 60,709
ISHARES TR CHINA LG-CAP ETF 464287184   651,761 14,138 SH   SOLE   0 0 14,138
KINROSS GOLD CORP COM 496902404   364,963 155,506 SH   SOLE   155,506 0 0
MACYS INC COM 55616P104   1,929,642 28,600 SH   SOLE   28,600 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105   1,802,389 136,700 SH   SOLE   136,700 0 0
MICRON TECHNOLOGY INC COM 595112103   2,383,636 126,520 SH   SOLE   126,520 0 0
MICROSOFT CORP COM 594918104   1,283,661 29,075 SH   SOLE   29,075 0 0
NEW GOLD INC CDA COM 644535106   156,596 57,960 SH   SOLE   57,960 0 0
NEWMONT CORP COM 651639106   671,833 28,760 SH   SOLE   28,760 0 0
NVIDIA CORPORATION COM 67066G104   16,850,531 837,918 SH   SOLE   837,918 0 0
ORACLE CORP COM 68389X105   652,860 16,200 SH   SOLE   16,200 0 0
PAN AMERN SILVER CORP COM 697900108   51,540 6,000 SH   SOLE   6,000 0 0
PVH CORPORATION COM 693656100   437,760 3,800 SH   SOLE   3,800 0 0
QORVO INC COM 74736K101   9,548,116 118,950 SH   SOLE   118,950 0 0
RALPH LAUREN CORP CL A 751212101   575,368 4,347 SH   SOLE   4,347 0 0
RANDGOLD RES LTD ADR 752344309   254,410 3,800 SH   SOLE   3,800 0 0
ROYAL GOLD INC COM 780287108   706,129 11,465 SH   SOLE   11,465 0 0
SEMTECH CORP COM 816850101   853,550 43,000 SH   SOLE   43,000 0 0
SIBANYE STILLWATER SPONSORED ADR 825724206   339,915 52,700 SH   SOLE   52,700 0 0
SILVER WHEATON CORP COM 828336107   2,346,535 134,388 SH   SOLE   134,388 0 0
SKYWORKS SOLUTIONS INC COM 83088M102   4,918,724 47,250 SH   SOLE   47,250 0 0
TAHOE RES INC COM 873868103   188,042 15,400 SH   SOLE   15,400 0 0
TECK RESOURCES LTD CL B 878742204   149,768 15,000 SH   SOLE   15,000 0 0
YAMANA GOLD INC COM 98462Y100   117,047 38,598 SH   SOLE   38,598 0 0