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
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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
ACTIVISION BLIZZARD INC COM 00507V109   8,441,189 213,000 SH   SOLE   213,000 0 0
ACUITY BRANDS INC COM 00508Y102   158,694 640 SH   SOLE   640 0 0
AGNICO EAGLE MINES LTD COM 008474108   3,320,114 62,192 SH   SOLE   62,192 0 0
ALAMOS GOLD INC NEW COM CL A 011532108   241,531 28,156 SH   SOLE   28,156 0 0
ANGLOGOLD ASHANTI LIMITED SPONSORED ADR 035128206   3,287,100 182,010 SH   SOLE   182,010 0 0
APPLIED MICRO CIRCUITS CORP COM NEW 03822W406   16,847,363 2,624,200 SH   SOLE   2,624,200 0 0
APPLIED OPTOELECTRONICS INC COM 03823U102   2,369,375 212,500 SH   SOLE   212,500 0 0
BARRICK GOLD CORP COM 067901108   4,089,524 192,039 SH   SOLE   192,039 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109   67,528 1,950 SH   SOLE   1,950 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   1,198,310 100,277 SH   SOLE   100,277 0 0
ELECTRONIC ARTS INC COM 285512109   10,500,336 138,600 SH   SOLE   138,600 0 0
FLIR SYS INC COM 302445101   9,830,184 317,615 SH   SOLE   317,615 0 0
FORTUNA SILVER MINES INC COM 349915108   1,947,834 279,367 SH   SOLE   279,367 0 0
FRANCO NEV CORP COM 351858105   1,462,841 19,285 SH   SOLE   19,285 0 0
GOLD FIELDS LTD SPONSORED ADR 38059T106   416,500 85,000 SH   SOLE   85,000 0 0
GOLDCORP INC NEW COM 380956409   662,337 34,701 SH   SOLE   34,701 0 0
GRUBHUB INC COM 400110102   2,491,814 80,200 SH   SOLE   80,200 0 0
HARMAN INTL INDS INC COM 413086109   10,823,992 150,710 SH   SOLE   150,710 0 0
HARMONY GOLD MINING CO LTD SPONSORED ADR 413216300   379,050 105,000 SH   SOLE   105,000 0 0
HECLA MNG CO COM 422704106   214,200 42,000 SH   SOLE   42,000 0 0
IRIDIUM COMMUNICATIONS INC COM 46269C102   11,348,640 1,278,000 SH   SOLE   1,278,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234   4,449,929 129,509 SH   SOLE   0 0 129,509
ISHARES TR RUSSELL 2000 ETF 464287655   1,000,239 8,700 SH   SOLE   0 0 8,700
ISHARES TR CHINA LG-CAP ETF 464287184   483,802 14,138 SH   SOLE   0 0 14,138
KINROSS GOLD CORP COM 496902404   1,103,917 225,506 SH   SOLE   225,506 0 0
LG DISPLAY CO LTD SPONS ADR REP 50186V102   6,177,470 533,000 SH   SOLE   533,000 0 0
MACYS INC COM 55616P104   114,273 3,400 SH   SOLE   3,400 0 0
MAG SILVER CORP COM 55903Q104   407,525 32,400 SH   SOLE   32,400 0 0
MATTEL INC COM 577081102   15,644 500 SH   SOLE   500 0 0
MICRON TECHNOLOGY INC COM 595112103   14,447,999 1,050,000 SH   SOLE   1,050,000 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109   943,920 114,000 SH   SOLE   114,000 0 0
NETSCOUT SYS INC COM 64115T104   9,834,500 442,000 SH   SOLE   442,000 0 0
NEW GOLD INC CDA COM 644535106   178,688 40,960 SH   SOLE   40,960 0 0
NEWMONT CORP COM 651639106   1,692,331 43,260 SH   SOLE   43,260 0 0
NVIDIA CORPORATION COM 67066G104   1,787,790 38,030 SH   SOLE   38,030 0 0
PAN AMERN SILVER CORP COM 697900108   98,585 6,000 SH   SOLE   6,000 0 0
PVH CORPORATION COM 693656100   358,074 3,800 SH   SOLE   3,800 0 0
RALPH LAUREN CORP CL A 751212101   389,578 4,347 SH   SOLE   4,347 0 0
RANDGOLD RES LTD ADR 752344309   302,507 2,700 SH   SOLE   2,700 0 0
ROYAL GOLD INC COM 780287108   1,033,126 14,345 SH   SOLE   14,345 0 0
SEABRIDGE GOLD INC COM 811916105   58,720 4,000 SH   SOLE   4,000 0 0
SIBANYE STILLWATER SPONSORED ADR 825724206   704,154 51,700 SH   SOLE   51,700 0 0
SILVER WHEATON CORP COM 828336107   5,129,257 217,988 SH   SOLE   217,988 0 0
TAHOE RES INC COM 873868103   723,128 48,400 SH   SOLE   48,400 0 0
YAMANA GOLD INC COM 98462Y100   13,853 2,670 SH   SOLE   2,670 0 0