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
ACUITY BRANDS INC COM 00508Y102   112,371 640 SH   SOLE   640 0 0
AGNICO EAGLE MINES LTD COM 008474108   1,759,537 69,492 SH   SOLE   69,492 0 0
ALAMOS GOLD INC NEW COM CL A 011532108   103,792 28,156 SH   SOLE   28,156 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206   1,097,541 134,010 SH   SOLE   134,010 0 0
APPLIED MICRO CIRCUITS CORP COM NEW 03822W406   13,156,056 2,477,600 SH   SOLE   2,477,600 0 0
B2GOLD CORP COM 11777Q209   367,139 348,933 SH   SOLE   348,933 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711   511,999 20,000 SH   SOLE   20,000 0 0
BARRICK GOLD CORP COM 067901108   1,533,008 241,039 SH   SOLE   241,039 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109   77,336 1,950 SH   SOLE   1,950 0 0
CISCO SYS INC COM 17275R102   5,150,250 196,200 SH   SOLE   196,200 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   740,690 124,277 SH   SOLE   124,277 0 0
FLIR SYS INC COM 302445101   11,951,981 427,009 SH   SOLE   427,009 0 0
FORTUNA SILVER MINES INC COM 349915108   956,933 437,667 SH   SOLE   437,667 0 0
FRANCO NEV CORP COM 351858105   767,338 17,485 SH   SOLE   17,485 0 0
FREEPORT-MCMORAN INC CL B 35671D857   314,925 32,500 SH   SOLE   32,500 0 0
GOLDCORP INC NEW COM 380956409   714,117 57,201 SH   SOLE   57,201 0 0
GUESS INC COM 401617105   58,184 2,724 SH   SOLE   2,724 0 0
HARMAN INTL INDS INC COM 413086109   11,107,002 115,710 SH   SOLE   115,710 0 0
HECLA MNG CO COM 422704106   157,600 80,000 SH   SOLE   80,000 0 0
IRIDIUM COMMUNICATIONS INC COM 46269C102   6,857,249 1,115,000 SH   SOLE   1,115,000 0 0
ISHARES MSCI ACWI ETF 464288257   3,462,408 64,190 SH   SOLE   0 0 64,190
ISHARES TR RUSSELL 2000 ETF 464287655   2,369,639 21,700 SH   SOLE   0 0 21,700
ISHARES TR MSCI EMG MKT ETF 464287234   1,848,792 56,400 SH   SOLE   0 0 56,400
ISHARES TR CHINA LG-CAP ETF 464287184   501,474 14,138 SH   SOLE   0 0 14,138
ISHARES TR MSCI EMG MKT ETF 464287234   390,377 11,909 SH   SOLE   0 0 11,909
KINROSS GOLD CORP COM 496902404   250,270 145,506 SH   SOLE   145,506 0 0
MACYS INC COM 55616P104   1,354,848 26,400 SH   SOLE   26,400 0 0
MICROSOFT CORP COM 594918104   1,286,859 29,075 SH   SOLE   29,075 0 0
NCR CORP NEW COM 62886E108   3,685,499 162,000 SH   SOLE   162,000 0 0
NEW GOLD INC CDA COM 644535106   141,416 62,960 SH   SOLE   62,960 0 0
NEWMONT CORP COM 651639106   703,223 43,760 SH   SOLE   43,760 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100   6,940,880 424,000 SH   SOLE   424,000 0 0
NVIDIA CORPORATION COM 67066G104   15,160,489 615,030 SH   SOLE   615,030 0 0
ORACLE CORP COM 68389X105   585,143 16,200 SH   SOLE   16,200 0 0
PAN AMERN SILVER CORP COM 697900108   38,100 6,000 SH   SOLE   6,000 0 0
PRIMERO MNG CORP COM 74164W106   84,048 36,100 SH   SOLE   36,100 0 0
PVH CORPORATION COM 693656100   387,372 3,800 SH   SOLE   3,800 0 0
QORVO INC COM 74736K101   8,962,697 198,950 SH   SOLE   198,950 0 0
RALPH LAUREN CORP CL A 751212101   513,641 4,347 SH   SOLE   4,347 0 0
RANDGOLD RES LTD ADR 752344309   259,996 4,400 SH   SOLE   4,400 0 0
ROYAL GOLD INC COM 780287108   758,492 16,145 SH   SOLE   16,145 0 0
SIBANYE STILLWATER SPONSORED ADR 825724206   244,527 52,700 SH   SOLE   52,700 0 0
SILVER WHEATON CORP COM 828336107   2,238,519 186,388 SH   SOLE   186,388 0 0
TAHOE RES INC COM 873868103   310,820 40,400 SH   SOLE   40,400 0 0
TECK RESOURCES LTD CL B 878742204   275,700 58,000 SH   SOLE   58,000 0 0
YAMANA GOLD INC COM 98462Y100   31,226 18,598 SH   SOLE   18,598 0 0