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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OMB Number:3235-0006
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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
ABERDEEN STD PALLADIUM ETF TRPHYSCL PALLADM00326210275308SH SOLE 03080
ABERDEEN STD PALLADIUM ETF TRPHYSCL PALLADM00326210275308SH SOLE 03080
ABERDEEN STD PALLADIUM ETF TRPHYSCL PALLADM0032621023391,384SH SOLE 01,3840
AMAZON COM INC COM0231351062,135690SH SOLE 06900
ANGLOGOLD ASHANTI LIMITEDSPONSORED ADR0351282061,09950,000SH SOLE 050,0000
APPLE INC COM0378331002,08917,100SH SOLE 017,1000
ARCHER DANIELS MIDLAND CO COM03948310271312,500SH SOLE 012,5000
BALLARD PWR SYS INC NEWCOM05858610824310,000SH SOLE 010,0000
BARRICK GOLD CORP COM067901108254725SHCallSOLE 07250
BARRICK GOLD CORP COM067901108333950SHCallSOLE 09500
BARRICK GOLD CORP COM0679011085251,500SHCallSOLE 01,5000
BARRICK GOLD CORP COM0679011081909,600SH SOLE 09,6000
BARRICK GOLD CORP COM0679011081,980100,000SH SOLE 0100,0000
BHP GROUP LTD SPONSORED ADS0886061083475,000SH SOLE 05,0000
CF INDS HLDGS INC COM12526910045410,000SH SOLE 010,0000
CANADIAN SOLAR INC COM1366351091,73735,000SH SOLE 035,0000
COMSTOCK MNG INC COM NEW205750300626136,600SH SOLE 0136,6000
DECKERS OUTDOOR CORP COM2435371074861,472SH SOLE 01,4720
ELDORADO GOLD CORP NEW COM2849025091,349125,000SH SOLE 0125,0000
FORTUNA SILVER MINES INC COM3499151081,456225,000SH SOLE 0225,0000
FRANCO NEV CORP COM3518581053763,000SH SOLE 03,0000
HALLIBURTON CO COM40621610142920,000SH SOLE 020,0000
HARMONY GOLD MINING CO LTD SPONSORED ADR4132163002,180500,000SH SOLE 0500,0000
HECLA MNG CO COM4227041061,053185,000SH SOLE 0185,0000
HOME DEPOT INC COM4370761021,3354,373SH SOLE 04,3730
IAMGOLD CORP COM4509131081,490500,000SH SOLE 0500,0000
ISHARES INC MSCI TURKEY ETF4642867151034,500SH SOLE 04,5000
ISHARES TR U.S. REAL ES ETF4642877391842,000SH SOLE 02,0000
LAUDER ESTEE COS INCCL A5184391041,8656,411SH SOLE 06,4110
LOUISIANA PAC CORP COM54634710555510,000SH SOLE 010,0000
MICROSOFT CORPCOM5949181043071,300SH SOLE 01,3000
MOBILE TELESYSTEMS PJSC SPONSORED ADR60740910945254,200SH SOLE 054,2000
MOODYS CORPCOM61536910590300SH SOLE 03000
NEWMONT CORP COM651639106220180SHCallSOLE 01800
NEWMONT CORP COM651639106336275SHCallSOLE 02750
NEWMONT CORP COM6516391061,6471,350SHCallSOLE 01,3500
NEWMONT CORP COM6516391061752,900SH SOLE 02,9000
NEWMONT CORP COM6516391063,01450,000SH SOLE 050,0000
NIKE INC CL B6541061032,33917,600SH SOLE 017,6000
POSCOSPONSORED ADR6934831093615,000SH SOLE 05,0000
PAN AMERN SILVER CORP COM6979001083,754125,000SH SOLE 0125,0000
PHILLIPS 66 COM7185461045306,500SH SOLE 06,5000
PIEDMONT LITHIUM LTD SPONSORED ADS7201621061,39020,000SH SOLE 020,0000
PINDUODUO INC SPONSORED ADS7223041025964,450SH SOLE 04,4500
POTLATCHDELTIC CORPORATION COM73763010352910,000SH SOLE 010,0000
RAYONIER INC COM7549071031615,000SH SOLE 05,0000
ROYAL GOLD INC COM7802871083553,300SH SOLE 03,3000
ROYAL GOLD INC COM7802871085385,000SH SOLE 05,0000
SSR MNG INCCOM7847301033,407238,610SH SOLE 0238,6100
SCHLUMBERGER LTD COM80685710832612,000SH SOLE 012,0000
SEABRIDGE GOLD INC COM81191610548530,000SH SOLE 030,0000
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS8740391002131,800SH SOLE 01,8000
TOLL BROTHERS INC COM8894781031,00217,655SH SOLE 017,6550
UNITED STS NAT GAS FD LP UNIT PAR91231830017518,317SH SOLE 018,3170
WHEATON PRECIOUS METALS CORP COM9628791023449,000SH SOLE 09,0000
WHEATON PRECIOUS METALS CORP COM9628791024,776125,000SH SOLE 0125,0000
WILLIAMS SONOMA INCCOM9699041011,2957,228SH SOLE 07,2280
KIRKLAND LAKE GOLD LTD COM49741E1001,69050,000SH SOLE 050,0000
INVESCO QQQ TR UNIT SER 146090E10332100SH SOLE 01000
TOTAL SE SPONSORED ADS89151E10946510,000SH SOLE 010,0000
ALEXCO RESOURCE CORP COM01535P106816325,000SH SOLE 0325,0000
ALIBABA GROUP HLDG LTD SPONSORED ADS01609W102143630SH SOLE 06300
BLACKSTONE GROUP INC COM09260D1071,52420,443SH SOLE 020,4430
CBOE GLOBAL MKTS INC COM12503M10859600SH SOLE 06000
CONOCOPHILLIPS COM20825C10453010,000SH SOLE 010,0000
CONSTELLATION BRANDS INC CL A21036P1089874,329SH SOLE 04,3290
COSTCO WHSL CORP NEW COM22160K1052,1446,084SH SOLE 06,0840
DAQO NEW ENERGY CORPSPNSRD ADS NEW23703Q20368900SH SOLE 09000
DIREXION SHS ETF TR DAILY FTSE CHINA25460E521302,200SH SOLE 02,2000
DIREXION SHS ETF TR DAILY ENERGY BEA25460E5541478,000SH SOLE 08,0000
DIREXION SHS ETF TROIL GAS BL 2X SH25460G50070510,000SH SOLE 010,0000
DIREXION SHS ETF TR DLY S&P OIL GAS25460G658928,000SH SOLE 08,0000
DIREXION SHS ETF TR DLY JR GOLD 2X25460G80713711,186SH SOLE 011,1860
DIREXION SHS ETF TR DLY JR GOLD 2X25460G80721417,400SH SOLE 017,4000
DIREXION SHS ETF TR DLY JR GOLD 2X25460G80729023,614SH SOLE 023,6140
DIREXION SHS ETF TRDAILY GOLD MINER25460G8801767,865SH SOLE 07,8650
DIREXION SHS ETF TR DAILY GOLD MINER25460G8802079,254SH SOLE 09,2540
DIREXION SHS ETF TR DAILY GOLD MINER25460G88031013,881SH SOLE 013,8810
DRDGOLD LIMITED SPON ADR REPSTG26152H301946100,000SH SOLE 0100,0000
ETF MANAGERS GRP COMMDTY TRBREAKWAVE DRY26923H200684,000SH SOLE 04,0000
EQUINOR ASA SPONSORED ADR29446M10258430,000SH SOLE 030,0000
FIRST TR EXCHANGE-TRADED FDGBL WND ENRG ETF33736G1061135,000SH SOLE 05,0000
GLOBAL X FDS MSCI GREECE ETF37954Y3191325,000SH SOLE 05,0000
GOLD FIELDS LTDSPONSORED ADR38059T1062,373250,000SH SOLE 0250,0000
GOLDEN STAR RES LTD CDACOM38119T807590200,000SH SOLE 0200,0000
GOLDMAN SACHS GROUP INC COM38141G10498300SH SOLE 03000
HYCROFT MINING HOLDING CORP COM CL A44862P10917550,000SH SOLE 050,0000
HYCROFT MINING HOLDING CORP COM CL A44862P1093250,000SHCallSOLE 050,0000
INTERCONTINENTAL EXCHANGE IN COM45866F1041411,260SH SOLE 01,2600
JPMORGAN CHASE & CO COM46625H1001,84912,144SH SOLE 012,1440
JD.COM INC SPON ADR CL A47215P1067088,400SH SOLE 08,4000
KKR & CO INC COM48251W10487918,000SH SOLE 018,0000
MSCI INC COM55354G100266634SH SOLE 06340
MARKETAXESS HLDGS INC COM57060D108100200SH SOLE 02000
MAVERIX METALS INC COM NEW57776F40536970,000SH SOLE 070,0000
METALLA RTY & STREAMING LTD COM NEW59124U60544450,000SH SOLE 050,0000
MOSAIC CO NEW COM61945C10363220,000SH SOLE 020,0000
OZON HLDGS PLC SPONSORED ADS69269L10428500SH SOLE 05000
PARAMOUNT GOLD NEV CORP COM69924M109170170,000SH SOLE 0170,0000
PELOTON INTERACTIVE INC CL A COM70614W1004914,363SH SOLE 04,3630
PRETIUM RES INCCOM74139C10241540,000SH SOLE 040,0000
PRETIUM RES INC COM74139C10262260,000SH SOLE 060,0000
PROSHARES TR II PSHS ULSSLVR NEW74347W11411115,890SH SOLE 015,8900
PROSHARES TR II PSHS ULSSLVR NEW74347W11417825,424SH SOLE 025,4240
PROSHARES TR II PSHS ULSSLVR NEW74347W11423633,686SH SOLE 033,6860
RESOLUTE FST PRODS INC COM76117W10976770,000SH SOLE 070,0000
S&P GLOBAL INC COM78409V104349989SH SOLE 09890
SPDR S&P 500 ETF TR TR UNIT78462F10340100SH SOLE 01000
SANDSTORM GOLD LTD COM NEW80013R20661290,000SH SOLE 090,0000
SANDSTORM GOLD LTD COM NEW80013R2064,420650,000SH SOLE 0650,0000
SILVERCORP METALS INC COM82835P10325552,000SH SOLE 052,0000
SILVERCORP METALS INC COM82835P1031,473300,000SH SOLE 0300,0000
TEMPUR SEALY INTL INC COM88023U10148913,377SH SOLE 013,3770
TESLA INC COM88160R1012,2713,400SH SOLE 03,4000
VALERO ENERGY CORP COM91913Y1005377,500SH SOLE 07,5000
VANECK VECTORS ETF TRSHORT MUNI ETF92189F5281,53385,000SH SOLE 085,0000
VANGUARD SCOTTSDALE FDS SHORT TERM TREAS92206C1021,13218,400SH SOLE 018,4000
VISA INC COM CL A92826C8393291,555SH SOLE 01,5550
YETI HLDGS INC COM98585X1041,04014,400SH SOLE 014,4000
ATLANTICA SUSTAINABLE INFR P SHSG0751N10354915,000SH SOLE 015,0000
CALEDONIA MNG CORP PLCSHS NEWG1757E11371550,000SH SOLE 050,0000
IVANHOE CAPITAL ACQUISTIN CO COM CL AG4R87P114909,091SH SOLE 09,0910
IVANHOE CAPITAL ACQUISTIN CO COM CL AG4R87P11418018,182SH SOLE 018,1820
LINDE PLC SHSG5494J1035602,000SH SOLE 02,0000
UBS GROUP AG SHSH420971071,31584,700SH SOLE 084,7000
FERRARI N VCOMN3167Y1033561,700SH SOLE 01,7000
YANDEX N V SHS CLASS AN972841085999,350SH SOLE 09,3500
AIR TRANSPORT SECOM00922R105113,3633,874,334SH SOLE 03,874,3340
ALASKA AIR GROUP INCCOM011659109166,9502,412,220SH SOLE 02,412,2200
ALLEGIANT TRAVEL COCOM01748X102154,015631,055SH SOLE 0631,0550
AMERICAN AIRLS GROUP INCCOM02376R102448,74818,776,072SH SOLE 018,776,0720
AZUL S ASPONSR ADR PFD05501U10641,2052,040,876SH SOLE 02,040,8760
B2GOLD CORPCOM11777Q2092,642612,947SH SOLE 0612,9470
CONTROLADORA VUELA COMP DE ASPON ADR RP 1021240E10534,7222,434,900SH SOLE 02,434,9000
DELTA AIR LINES INC DELCOM NEW247361702415,5218,606,475SH SOLE 08,606,4750
ELDORADO GOLD CORP NEWCOM2849025092,657246,260SH SOLE 0246,2600
FRANCO NEV CORPCOM35185810510,23681,696SH SOLE 081,6960
GENERAL DYNAMICS CORPCOM369550108126,730698,007SH SOLE 0698,0070
GOL LINHAS AEREAS INTELIGENTSPON ADR PFD NEW38045R20643,8735,735,012SH SOLE 05,735,0120
GRUPO AEROPORTUARIO DEL SURESPON ADR SER B40051E20241,064230,971SH SOLE 0230,9710
GRUPO AEROPUERTO DEL PACIFICSPON ADR B40050610139,250373,135SH SOLE 0373,1350
IAMGOLD CORPCOM4509131082,611876,188SH SOLE 0876,1880
JETBLUE AWYS CORPCOM477143101165,8218,152,460SH SOLE 08,152,4600
KINROSS GOLD CORPCOM4969024042,738410,431SH SOLE 0410,4310
MAVERIX METALS INC COM NEW57776F4053,795720,157SH SOLE 0720,1570
MESA AIR GROUP INCCOM NEW59047913535,7842,660,487SH SOLE 02,660,4870
METALLA RTY & STREAMING LTDCOM NEW59124U6052,543286,378SH SOLE 0286,3780
OSISKO GOLD ROYALTIES LTDCOM68827L1013,713336,943SH SOLE 0336,9430
ROYAL GOLD INCCOM7802871089,18785,366SH SOLE 085,3660
SANDSTORM GOLD LTDCOM NEW80013R2063,683541,675SH SOLE 0541,6750
SIBANYE STILLWATER LTDSPONSORED ADR82575P1071,74097,406SH SOLE 097,4060
SKYWEST INCCOM830879102112,2452,060,298SH SOLE 02,060,2980
SOUTHWEST AIRLS COCOM844741108434,2457,111,768SH SOLE 07,111,7680
SPIRIT AIRLS INCCOM848577102160,1694,340,622SH SOLE 04,340,6220
UNITED AIRLS HLDGS INCCOM910047109441,8007,678,134SH SOLE 07,678,1340
WHEATON PRECIOUS METALS CORPCOM9628791029,329244,152SH SOLE 0244,1520
CORVUS GOLD INCCOM2210131055229,000SH SOLE 029,0000
EMX ROYALTY CORPCOM26873J1073,2641,100,000SH SOLE 01,100,0000
EXCELLON RES INCCOM30069C801286100,000SH SOLE 0100,0000
INTEGRA RES CORPCOM NEW45826T301379140,000SH SOLE 0140,0000
MAVERIX METALS INCCOM NEW57776F4054,085778,000SH SOLE 0778,0000
METALLA RTY & STREAMING LTDCOM NEW59124U6051,117125,000SH SOLE 0125,0000
METALLA RTY & STREAMING LTDCOM NEW59124U6052,680300,000SH SOLE 0300,0000
METALLA RTY & STREAMING LTDCOM NEW59124U60544750,000SH SOLE 050,0000
NUTRIEN LTDCOM67077M10853910,000SH SOLE 010,0000
PLATINUM GROUP METALS LTDCOM72765Q8821,336350,000SH SOLE 0350,0000
WEST FRASER TIMBER CO LTDCOM9528451054856,750SH SOLE 06,7500