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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN TOWER CORP COM 03027X100 457 3,200 SH   SOLE   0 3,200 0
AMERICAN WTR WKS CO INC COM 030420103 503 5,500 SH   SOLE   0 5,500 0
AMGEN INC COM 031162100 400 2,300 SH   SOLE   0 2,300 0
BOEING CO COM 097023105 678 2,300 SH   SOLE   0 2,300 0
CVS HEALTH CORP COM 126650100 276 3,800 SH   SOLE   0 3,800 0
CABOT OIL & GAS CORP COM 127097103 420 14,700 SH   SOLE   0 14,700 0
CITIGROUP INC COM NEW 172967424 521 7,000 SH   SOLE   0 7,000 0
COMERICA INC COM 200340107 521 6,000 SH   SOLE   0 6,000 0
CONSTELLATION BRANDS INC CL A 21036P108 549 2,400 SH   SOLE   0 2,400 0
DXC TECHNOLOGY CO COM 23355L106 588 6,200 SH   SOLE   0 6,200 0
DENTSPLY SIRONA INC COM 24906P109 500 7,600 SH   SOLE   0 7,600 0
DIREXION SHS ETF TR DRX S&P500BULL 25459W862 621 14,000 SH   SOLE   0 14,000 0
DISCOVER FINL SVCS COM 254709108 592 7,700 SH   SOLE   0 7,700 0
HANESBRANDS INC COM 410345102 347 16,600 SH   SOLE   0 16,600 0
HOME DEPOT INC COM 437076102 550 2,900 SH   SOLE   0 2,900 0
HUMANA INC COM 444859102 422 1,700 SH   SOLE   0 1,700 0
LAM RESEARCH CORP COM 512807108 497 2,700 SH   SOLE   0 2,700 0
LAUDER ESTEE COS INC CL A 518439104 547 4,300 SH   SOLE   0 4,300 0
MARATHON PETE CORP COM 56585A102 574 8,700 SH   SOLE   0 8,700 0
MORGAN STANLEY COM NEW 617446448 493 9,400 SH   SOLE   0 9,400 0
NEWMONT MINING CORP COM 651639106 368 9,800 SH   SOLE   0 9,800 0
PHILLIPS 66 COM 718546104 506 5,000 SH   SOLE   0 5,000 0
QUEST DIAGNOSTICS INC COM 74834L100 384 3,900 SH   SOLE   0 3,900 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 109 1,100 SH   SOLE   0 1,100 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 43 600 SH   SOLE   0 600 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 148 5,300 SH   SOLE   0 5,300 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 109 1,700 SH   SOLE   0 1,700 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 68 1,300 SH   SOLE   0 1,300 0
SOUTHWEST AIRLS CO COM 844741108 543 8,300 SH   SOLE   0 8,300 0
TJX COS INC NEW COM 872540109 520 6,800 SH   SOLE   0 6,800 0
TEXAS INSTRS INC COM 882508104 543 5,200 SH   SOLE   0 5,200 0
TOTAL SYS SVCS INC COM 891906109 585 7,400 SH   SOLE   0 7,400 0
VISA INC COM CL A 92826C839 593 5,200 SH   SOLE   0 5,200 0
HSBC HLDGS PLC SPON ADR NEW CALL 404280406 493 1,000 SH Call SOLE   0 1,000 0
DIREXION SHS ETF TR DLY RUSSIA BL 3X 25490K273 126 2,500 SH   SOLE   0 2,500 0
ISHARES TR MSCI POL CAP ETF 46429B606 310 11,450 SH   SOLE   0 11,450 0
ALLIANCE HOLDINGS GP LP COM UNITS LP 01861G100 1,042 38,900 SH   SOLE   0 38,900 0
ALLIANCE RES PARTNER L P UT LTD PART 01877R108 1,194 60,600 SH   SOLE   0 60,600 0
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 80 4,000 SH   SOLE   0 4,000 0
CVR REFNG LP COMUNIT REP LT 12663P107 1,801 108,800 SH   SOLE   0 108,800 0
CLAYMORE EXCHANGE TRD FD TR GUGG SHIPPNG ETF 18383Q796 189 16,300 SH   SOLE   0 16,300 0
CHEVRON CORP NEW CALL 166764100 230 150 SH Call SOLE   0 150 0
FREEPORT-MCMORAN INC CALL 35671D857 420 700 SH Call SOLE   0 700 0
EXXON MOBIL CORP CALL 30231G102 117 500 SH Call SOLE   0 500 0
EXXON MOBIL CORP CALL 30231G102 30 400 SH Call SOLE   0 400 0
SPDR INDEX SHS FDS CALL 78463X541 245 1,000 SH Call SOLE   0 1,000 0
SPDR INDEX SHS FDS CALL 78463X541 278 1,500 SH Call SOLE   0 1,500 0
BHP BILLITON LTD SPONSORED ADR CALL 088606108 224 250 SH Call SOLE   0 250 0
BHP BILLITON LTD SPONSORED ADR CALL 088606108 68 410 SH Call SOLE   0 410 0
TOTAL S A SPONSORED ADR CALL 89151E109 116 400 SH Call SOLE   0 400 0
FRANCO NEVADA CORP CALL 351858105 90 60 SH Call SOLE   0 60 0
FRANCO NEVADA CORP CALL 351858105 15 100 SH Call SOLE   0 100 0
ROYAL DUTCH SHELL PLC SPONS ADR A CALL 780259206 474 400 SH Call SOLE   0 400 0
EXXON MOBIL CORP CALL 30231G102 4 2,010 SH Call SOLE   0 2,010 0
SPDR SERIES TRUST S&P OILGAS EXP CALL 78464A730 67 400 SH Call SOLE   0 400 0
SPDR SERIES TRUST S&P OILGAS EXP CALL 78464A730 12 780 SH Call SOLE   0 780 0
SPDR SERIES TRUST S&P OILGAS EXP CALL 78464A730 4 1,890 SH Call SOLE   0 1,890 0
TURQUOISE HILL RES LTD CALL 900435108 203 1,400 SH Call SOLE   0 1,400 0
PILGRIMS PRIDE CORP COM 72147K108 1,168 37,600 SH   SOLE   0 37,600 0
RAYONIER ADVANCED MATLS INC COM 75508B104 1,701 83,200 SH   SOLE   0 83,200 0
SPDR SERIES TRUST S&P OILGAS EXP CALL 78464A730 102 400 SH Call SOLE   0 400 0
SPDR SERIES TRUST S&P OILGAS EXP CALL 78464A730 62 360 SH Call SOLE   0 360 0
SOLAREDGE TECHNOLOGIES INC COM 83417M104 1,498 39,900 SH   SOLE   0 39,900 0
TPI COMPOSITES INC COM 87266J104 1,193 58,300 SH   SOLE   0 58,300 0
TERRA NITROGEN CO L P COM UNIT 881005201 1,101 13,800 SH   SOLE   0 13,800 0
SANDSTORM GOLD LTD CALL 80013R206 479 4,700 SH Call SOLE   0 4,700 0
VANECK VECTORS ETF TR COAL ETF 92189F809 98 6,100 SH   SOLE   0 6,100 0
COMSTOCK MNG INC COM NEW ADDED 205750201 360 924,329 SH   SOLE   0 924,329 0
DIREXION SHS ETF TR DLY GOLD INDX 3X 25460E844 793 20,000 SH   SOLE   0 20,000 0
DIREXION SHS ETF TR DAILY JR BULL 3X 25460E851 799 40,000 SH   SOLE   0 40,000 0
NEWMONT MINING CORP COM 651639106 3,752 100,000 SH   SOLE   0 100,000 0
AMC NETWORKS INC CL A 00164V103 1,374 25,400 SH   SOLE   0 25,400 0
ALTRIA GROUP INC COM 02209S103 1,471 20,600 SH   SOLE   0 20,600 0
BOSTON BEER INC CL A 100557107 1,351 7,067 SH   SOLE   0 7,067 0
CDK GLOBAL INC COM 12508E101 1,034 14,500 SH   SOLE   0 14,500 0
CALLAWAY GOLF CO COM 131193104 1,113 79,900 SH   SOLE   0 79,900 0
DINEEQUITY INC COM 254423106 1,225 24,152 SH   SOLE   0 24,152 0
DIREXION SHS ETF TR DRX S&P500BULL 25459W862 213 4,800 SH   SOLE   0 4,800 0
FOX FACTORY HLDG CORP COM 35138V102 890 22,900 SH   SOLE   0 22,900 0
HFF INC CL A 40418F108 2,656 54,600 SH   SOLE   0 54,600 0
KIMBERLY CLARK CORP COM 494368103 712 5,900 SH   SOLE   0 5,900 0
LGI HOMES INC COM 50187T106 1,733 23,100 SH   SOLE   0 23,100 0
LAMB WESTON HLDGS INC COM 513272104 1,377 24,400 SH   SOLE   0 24,400 0
LENNOX INTL INC COM 526107107 1,854 8,900 SH   SOLE   0 8,900 0
MEDIFAST INC COM 58470H101 1,990 28,500 SH   SOLE   0 28,500 0
NIC INC COM 62914B100 903 54,411 SH   SOLE   0 54,411 0
PETMED EXPRESS INC COM 716382106 1,938 42,600 SH   SOLE   0 42,600 0
PHIBRO ANIMAL HEALTH CORP CL A COM 71742Q106 801 23,900 SH   SOLE   0 23,900 0
POOL CORPORATION COM 73278L105 1,854 14,300 SH   SOLE   0 14,300 0
POTLATCH CORP NEW COM 737630103 833 16,700 SH   SOLE   0 16,700 0
S&P GLOBAL INC COM 78409V104 2,050 12,100 SH   SOLE   0 12,100 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 503 5,100 SH   SOLE   0 5,100 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 94 1,300 SH   SOLE   0 1,300 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 402 14,400 SH   SOLE   0 14,400 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 294 4,600 SH   SOLE   0 4,600 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 121 2,300 SH   SOLE   0 2,300 0
SUPERNUS PHARMACEUTICALS INC COM 868459108 1,251 31,400 SH   SOLE   0 31,400 0
TREX CO INC COM 89531P105 1,734 16,000 SH   SOLE   0 16,000 0
VALVOLINE INC COM 92047W101 1,516 60,500 SH   SOLE   0 60,500 0
WD-40 CO COM 929236107 861 7,300 SH   SOLE   0 7,300 0
WYNN RESORTS LTD COM 983134107 2,461 14,600 SH   SOLE   0 14,600 0
COMSTOCK MNG INC COM NEW ADDED 205750201 208 533,000 SH   SOLE   0 533,000 0
DIREXION SHS ETF TR DLY GOLD INDX 3X 25460E844 793 25,000 SH   SOLE   0 25,000 0
DIREXION SHS ETF TR DAILY JR BULL 3X 25460E851 799 45,000 SH   SOLE   0 45,000 0
ALASKA AIR GROUP INC COM 011659109 4,122 56,075 SH   SOLE   0 56,075 0
ALLEGIANT TRAVEL CO COM 01748X102 4,086 26,404 SH   SOLE   0 26,404 0
AMERICAN AIRLS GROUP INC COM 02376R102 12,423 238,761 SH   SOLE   0 238,761 0
BOEING CO COM 097023105 3,120 10,581 SH   SOLE   0 10,581 0
DELTA AIR LINES INC DEL COM NEW 247361702 12,484 222,934 SH   SOLE   0 222,934 0
FORTUNA SILVER MINES INC COM 349915108 438 83,886 SH   SOLE   0 83,886 0
FORTUNA SILVER MINES INC COM 349915108 160 30,624 SH   SOLE   0 30,624 0
GENERAL DYNAMICS CORP COM 369550108 3,139 15,429 SH   SOLE   0 15,429 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 328 76,199 SH   SOLE   0 76,199 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 120 27,818 SH   SOLE   0 27,818 0
HAWAIIAN HOLDING INC COM 419879101 3,066 76,944 SH   SOLE   0 76,944 0
JETBLUE AIRWAYS CORP COM 477143101 4,141 185,350 SH   SOLE   0 185,350 0
NEWMONT MINING CORP COM 651639106 328 8,734 SH   SOLE   0 8,734 0
NEWMONT MINING CORP COM 651639106 120 3,188 SH   SOLE   0 3,188 0
ROYAL GOLD INC COM 780287108 1,037 12,622 SH   SOLE   0 12,622 0
ROYAL GOLD INC COM 780287108 378 4,608 SH   SOLE   0 4,608 0
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 1,051 10,088 SH   SOLE   0 10,088 0
SKYWEST INC COM 830879102 4,135 77,877 SH   SOLE   0 77,877 0
SOUTHWEST AIRLS CO COM 844741108 12,414 189,677 SH   SOLE   0 189,677 0
SPIRIT AIRLS INC COM 848577102 4,157 92,696 SH   SOLE   0 92,696 0
TAHOE RES INC COM 873868103 446 93,167 SH   SOLE   0 93,167 0
UNITED CONTL HLDGS INC COM 910047109 12,563 186,399 SH   SOLE   0 186,399 0
FRANCO NEVADA CORP COM 351858105 1,107 13,851 SH   SOLE   0 13,851 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 342 182,695 SH   SOLE   0 182,695 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 159 85,031 SH   SOLE   0 85,031 0
IAMGOLD CORP COM 450913108 329 56,428 SH   SOLE   0 56,428 0
TEXTRON INC COM 883203101 3,107 54,902 SH   SOLE   0 54,902 0
COPA HOLDIN-CL A CL A P31076105 1,030 7,680 SH   SOLE   0 7,680 0
GOL LINHAS AEREAS INTLG S A SPON ADR PFD NEW 38045R206 1,060 120,951 SH   SOLE   0 120,951 0
GRUPO AEROPORTUARIO CTR NORT SPON ADR 400501102 1,060 25,547 SH   SOLE   0 25,547 0
SSR MNG INC COM 784730103 333 37,835 SH   SOLE   0 37,835 0
WHEATON PRECIOUS METALS CORP COM 962879102 1,094 49,446 SH   SOLE   0 49,446 0
KINROSS GOLD CORP COM NO PAR 496902404 0 1 SH   SOLE   0 1 0
KLONDEX MNS LTD COM 498696103 13,159 5,075,000 SH   SOLE   0 5,075,000 0
KLONDEX MNS LTD COM 498696103 16,076 6,200,000 SH   SOLE   0 6,200,000 0
PRETIUM RES INC COM 74139C102 1,141 100,000 SH   SOLE   0 100,000 0
TAHOE RES INC COM 873868103 163 34,076 SH   SOLE   0 34,076 0
FRANCO NEVADA CORP COM 351858105 404 5,061 SH   SOLE   0 5,061 0
KIRKLAND LAKE GOLD LTD COM 49741E100 10,729 700,000 SH   SOLE   0 700,000 0
KIRKLAND LAKE GOLD LTD COM 49741E100 1,533 100,000 SH   SOLE   0 100,000 0
AURYN RES INC COM 05208W108 2,428 1,475,000 SH   SOLE   0 1,475,000 0
IAMGOLD CORP COM 450913108 120 20,598 SH   SOLE   0 20,598 0
SEABRIDGE GOLD INC COM 811916105 511 45,000 SH   SOLE   0 45,000 0
SILVERCORP METALS INC COM 82835P103 311 119,214 SH   SOLE   0 119,214 0
SILVERCORP METALS INC COM 82835P103 114 43,749 SH   SOLE   0 43,749 0
ALIO GOLD INC COM 01627X108 733 200,000 SH   SOLE   0 200,000 0
SSR MNG INC COM 784730103 122 13,851 SH   SOLE   0 13,851 0
TECK RESOURCES LTD CL B 878742204 1,299 49,700 SH   SOLE   0 49,700 0
TASEKO MINES LTD COM 876511106 1,453 621,400 SH   SOLE   0 621,400 0
AMERICAS SILVER CORP COM NEW 03063L705 911 250,000 SH   SOLE   0 250,000 0
WHEATON PRECIOUS METALS CORP COM 962879102 399 18,054 SH   SOLE   0 18,054 0