Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
KMLM	KRANESHARES TRUST	279,147 (+10.5%)	$8.679M (+24.8%)	5.6%	$31.09	$27.09	+14.8%	MOUNT LUCAS ETF	500767652
HL	HECLA MINING COMPANY	319,907 (+1.6%)	$5.448M (+12.2%)	3.5%	$17.03	$13.44	+26.7%	COM	422704106
DBMF	IM GLOBAL PARTNER FUNDS	44,595 (+50.0%)	$1.451M (+59.4%)	0.9%	$32.53	$27.91	+16.6%	IMGP DBI MAN ETF	53700T827
SCHP	SCHWAB STRATEGIC TR	161,545 (+1.0%)	$4.06M (-4.2%)	2.6%	$25.13	$26.72	-5.9%	US TIPS ETF	808524870
PAAS	PAN AMERN SILVER CORP	13,449 (+8.3%)	$612K (+10.1%)	0.4%	$45.51	$49.73	-8.5%	COM	697900108

Exited Positions (3)

CTA SIMPLIFY EXCHANGE TRADED FUN 9.0%

Value $13.94M Shares 537,313 Share Price $25.94 * Est. Cost/Share $27.83 Unrealized @ Report Date +3.6%

MTBA SIMPLIFY EXCHANGE TRADED FUN 3.9%

Value $5.964M Shares 121,545 Share Price $49.07 * Est. Cost/Share $50.33 Unrealized @ Report Date -7.1%

XOM EXXON MOBIL CORP 0.6%

Value $854K Shares 6,250 Share Price $136.72 * Est. Cost/Share $145.92 Unrealized @ Report Date +11.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CTA	SIMPLIFY EXCHANGE TRADED FUN	537,313	$13.94M	9.0%	$25.94 *	$27.83	+3.6%	—	82889N699
MTBA	SIMPLIFY EXCHANGE TRADED FUN	121,545	$5.964M	3.9%	$49.07 *	$50.33	-7.1%	—	82889N525
XOM	EXXON MOBIL CORP	6,250	$854K	0.6%	$136.72 *	$145.92	+11.5%	—	30231G102

Decreased Positions (2)

FNDC SCHWAB STRATEGIC TR 4.1%

Value $6.289M (+1.4%) Shares 126,218 (-1.2%) Share Price $49.83 Est. Cost/Share $43.54 Unrealized @ Report Date +14.5%

SLB SLB LIMITED 0.6%

Value $993K (+0.2%) Shares 20,386 (-4.4%) Share Price $48.72 Est. Cost/Share $48.40 Unrealized @ Report Date +0.7%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
FNDC	SCHWAB STRATEGIC TR	126,218 (-1.2%)	$6.289M (+1.4%)	4.1%	$49.83	$43.54	+14.5%	FUNDAMENTAL INTL	808524748
SLB	SLB LIMITED	20,386 (-4.4%)	$993K (+0.2%)	0.6%	$48.72	$48.40	+0.7%	COM STK	806857108

Unchanged Positions (42)

PBR PETROLEO BRASILEIRO S A 6.4%

Value $9.846M Shares 471,775 Share Price $20.87 Est. Cost/Share $14.01 Unrealized @ Report Date +49.0%

GDXJ VANECK ETF TRUST 5.8%

Value $8.959M Shares 78,619 Share Price $113.95 Est. Cost/Share $77.70 Unrealized @ Report Date +46.7%

AHLT AMERICAN BEACON SELECT FUNDS 11.2%

Value $17.23M Shares 554,518 Share Price $31.08 Est. Cost/Share $23.65 Unrealized @ Report Date +31.4%

ASMF VIRTUS ETF TR II 5.9%

Value $9.138M Shares 333,015 Share Price $27.44 Est. Cost/Share $23.87 Unrealized @ Report Date +14.9%

XOP SPDR SERIES TRUST 2.6%

Value $3.987M Shares 22,232 Share Price $179.34 Est. Cost/Share $129.31 Unrealized @ Report Date +38.7%

GDX VANECK ETF TRUST 2.2%

Value $3.447M Shares 39,260 Share Price $87.80 Est. Cost/Share $60.22 Unrealized @ Report Date +45.8%

FNDE SCHWAB STRATEGIC TR 4.9%

Value $7.512M Shares 179,413 Share Price $41.87 Est. Cost/Share $34.99 Unrealized @ Report Date +19.7%

FSM FORTUNA MNG CORP 0.9%

Value $1.435M Shares 127,660 Share Price $11.24 Est. Cost/Share $7.77 Unrealized @ Report Date +44.6%

VALE VALE S A 1.9%

Value $2.918M Shares 217,613 Share Price $13.41 Est. Cost/Share $11.46 Unrealized @ Report Date +17.0%

PPLT ABRDN PLATINUM ETF TRUST 2.4%

Value $3.676M Shares 238,546 Share Price $15.41 Est. Cost/Share $105.56 Unrealized @ Report Date -85.4%

HP HELMERICH & PAYNE INC 1.6%

Value $2.492M Shares 67,099 Share Price $37.14 Est. Cost/Share $27.81 Unrealized @ Report Date +33.6%

NTR NUTRIEN LTD 1.5%

Value $2.305M Shares 32,809 Share Price $70.25 Est. Cost/Share $58.28 Unrealized @ Report Date +20.5%

NEM NEWMONT CORP 0.8%

Value $1.241M Shares 10,760 Share Price $115.33 Est. Cost/Share $69.39 Unrealized @ Report Date +66.2%

MOS MOSAIC CO 5.4%

Value $8.269M Shares 381,964 Share Price $21.65 Est. Cost/Share $28.46 Unrealized @ Report Date -23.9%

EU ENCORE ENERGY CORP 0.5%

Value $796K Shares 736,658 Share Price $1.08 Est. Cost/Share $2.65 Unrealized @ Report Date -59.2%

EWZ ISHARES INC 1.3%

Value $2.031M Shares 54,527 Share Price $37.25 Est. Cost/Share $28.63 Unrealized @ Report Date +30.1%

AG FIRST MAJESTIC SILVER CORP 2.2%

Value $3.389M Shares 191,585 Share Price $17.69 Est. Cost/Share $10.59 Unrealized @ Report Date +67.0%

EXK ENDEAVOUR SILVER CORP 2.6%

Value $3.988M Shares 464,759 Share Price $8.58 Est. Cost/Share $6.79 Unrealized @ Report Date +26.4%

EWW ISHARES INC 1.4%

Value $2.233M Shares 31,407 Share Price $71.09 Est. Cost/Share $62.52 Unrealized @ Report Date +13.7%

BHP BHP BILLITON LIMITED 3.7%

Value $5.707M Shares 67,271 Share Price $84.84 Est. Cost/Share $54.76 Unrealized @ Report Date +54.9%

SDS PROSHARES TR 2.0%

Value $3.058M Shares 56,094 Share Price $54.52 Est. Cost/Share $70.51 Unrealized @ Report Date -22.7%

PCT PURECYCLE TECHNOLOGIES INC 0.1%

Value $135K Shares 30,630 Share Price $4.41 Est. Cost/Share $13.03 Unrealized @ Report Date -66.2%

CDE COEUR MNG INC 0.8%

Value $1.275M Shares 72,434 Share Price $17.60 Est. Cost/Share $18.20 Unrealized @ Report Date -3.3%

PSLV SPROTT ASSET MANAGEMENT LP 2.1%

Value $3.317M Shares 171,233 Share Price $19.37 Est. Cost/Share $15.85 Unrealized @ Report Date —

AEM AGNICO EAGLE MINES LTD 0.4%

Value $541K Shares 2,953 Share Price $183.27 Est. Cost/Share $136.83 Unrealized @ Report Date +33.9%

XLE SELECT SECTOR SPDR TR 0.3%

Value $426K Shares 6,929 Share Price $61.50 Est. Cost/Share $44.16 Unrealized @ Report Date +39.3%

SILJ AMPLIFY ETF TR 0.5%

Value $781K Shares 28,643 Share Price $27.28 Est. Cost/Share $18.10 Unrealized @ Report Date +50.7%

SBSW SIBANYE STILLWATER LTD 0.1%

Value $230K Shares 22,511 Share Price $10.21 Est. Cost/Share $9.17 Unrealized @ Report Date +11.3%

KMI KINDER MORGAN INC DEL 0.4%

Value $568K Shares 18,853 Share Price $30.15 Est. Cost/Share $26.97 Unrealized @ Report Date +11.8%

SLV ISHARES SILVER TR 1.0%

Value $1.6M Shares 29,354 Share Price $54.51 Est. Cost/Share $35.91 Unrealized @ Report Date +51.8%

PICK ISHARES INC 0.5%

Value $738K Shares 12,311 Share Price $59.96 Est. Cost/Share $40.72 Unrealized @ Report Date +47.2%

WMB WILLIAMS COS INC 0.2%

Value $236K Shares 3,467 Share Price $67.96 Est. Cost/Share $57.82 Unrealized @ Report Date +17.6%

IEMG ISHARES INC 0.6%

Value $877K Shares 10,812 Share Price $81.16 Est. Cost/Share $62.44 Unrealized @ Report Date +30.0%

OUNZ VANECK MERK GOLD ETF 0.3%

Value $535K Shares 13,405 Share Price $39.90 Est. Cost/Share $33.34 Unrealized @ Report Date +19.7%

EWJ ISHARES INC 0.2%

Value $352K Shares 3,608 Share Price $97.45 Est. Cost/Share $77.34 Unrealized @ Report Date +26.0%

HPK HIGHPEAK ENERGY INC 0.1%

Value $98,784 Shares 12,106 Share Price $8.16 Est. Cost/Share $6.90 Unrealized @ Report Date +18.3%

EMLC VANECK ETF TRUST 0.3%

Value $524K Shares 21,096 Share Price $24.83 Est. Cost/Share $25.58 Unrealized @ Report Date -2.9%

ASM AVINO SILVER & GOLD MINES LT 0.1%

Value $87,978 Shares 15,852 Share Price $5.55 Est. Cost/Share $6.75 Unrealized @ Report Date -17.7%

GGB GERDAU SA 0.1%

Value $77,814 Shares 16,486 Share Price $4.72 Est. Cost/Share $4.44 Unrealized @ Report Date +6.2%

USAS AMERICAS GOLD AND SILVER COR 0.1%

Value $128K Shares 29,287 Share Price $4.36 Est. Cost/Share $5.77 Unrealized @ Report Date -24.5%

RRC RANGE RES CORP 1.1%

Value $1.695M Shares 45,758 Share Price $37.04 Est. Cost/Share $36.52 Unrealized @ Report Date +1.4%

RIO RIO TINTO PLC 1.4%

Value $2.19M Shares 23,252 Share Price $94.16 Est. Cost/Share $61.84 Unrealized @ Report Date +52.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PBR	PETROLEO BRASILEIRO S A	471,775	$9.846M	6.4%	$20.87	$14.01	+49.0%	SPONSORED ADR	71654V408
GDXJ	VANECK ETF TRUST	78,619	$8.959M	5.8%	$113.95	$77.70	+46.7%	JUNIOR GOLD MINE	92189F791
AHLT	AMERICAN BEACON SELECT FUNDS	554,518	$17.23M	11.2%	$31.08	$23.65	+31.4%	AHL TREND ETF	02368W309
ASMF	VIRTUS ETF TR II	333,015	$9.138M	5.9%	$27.44	$23.87	+14.9%	ALPHASIMPLEX MNG	92790A876
XOP	SPDR SERIES TRUST	22,232	$3.987M	2.6%	$179.34	$129.31	+38.7%	SP O&G EXPL PRO	78468R556
GDX	VANECK ETF TRUST	39,260	$3.447M	2.2%	$87.80	$60.22	+45.8%	GOLD MINERS ETF	92189F106
FNDE	SCHWAB STRATEGIC TR	179,413	$7.512M	4.9%	$41.87	$34.99	+19.7%	FUND EM EQUI ETF	808524730
FSM	FORTUNA MNG CORP	127,660	$1.435M	0.9%	$11.24	$7.77	+44.6%	COM NEW	349942102
VALE	VALE S A	217,613	$2.918M	1.9%	$13.41	$11.46	+17.0%	SPONSORED ADS	91912E105
PPLT	ABRDN PLATINUM ETF TRUST	238,546	$3.676M	2.4%	$15.41	$105.56	-85.4%	PHYSCL PLATM SHS	003260106
HP	HELMERICH & PAYNE INC	67,099	$2.492M	1.6%	$37.14	$27.81	+33.6%	COM	423452101
NTR	NUTRIEN LTD	32,809	$2.305M	1.5%	$70.25	$58.28	+20.5%	COM	67077M108
NEM	NEWMONT CORP	10,760	$1.241M	0.8%	$115.33	$69.39	+66.2%	COM	651639106
MOS	MOSAIC CO	381,964	$8.269M	5.4%	$21.65	$28.46	-23.9%	COM	61945C103
EU	ENCORE ENERGY CORP	736,658	$796K	0.5%	$1.08	$2.65	-59.2%	COM NEW	29259W700
EWZ	ISHARES INC	54,527	$2.031M	1.3%	$37.25	$28.63	+30.1%	MSCI BRAZIL ETF	464286400
AG	FIRST MAJESTIC SILVER CORP	191,585	$3.389M	2.2%	$17.69	$10.59	+67.0%	COM	32076V103
EXK	ENDEAVOUR SILVER CORP	464,759	$3.988M	2.6%	$8.58	$6.79	+26.4%	COM	29258Y103
EWW	ISHARES INC	31,407	$2.233M	1.4%	$71.09	$62.52	+13.7%	MSCI MEXICO ETF	464286822
BHP	BHP BILLITON LIMITED	67,271	$5.707M	3.7%	$84.84	$54.76	+54.9%	SPONSORED ADS	088606108
SDS	PROSHARES TR	56,094	$3.058M	2.0%	$54.52	$70.51	-22.7%	ULTRASHRT S&P500	74350P667
PCT	PURECYCLE TECHNOLOGIES INC	30,630	$135K	0.1%	$4.41	$13.03	-66.2%	COM	74623V103
CDE	COEUR MNG INC	72,434	$1.275M	0.8%	$17.60	$18.20	-3.3%	COM NEW	192108504
PSLV	SPROTT ASSET MANAGEMENT LP	171,233	$3.317M	2.1%	$19.37	$15.85	—	PHYSICAL SILVER	85207K107
AEM	AGNICO EAGLE MINES LTD	2,953	$541K	0.4%	$183.27	$136.83	+33.9%	COM	008474108
XLE	SELECT SECTOR SPDR TR	6,929	$426K	0.3%	$61.50	$44.16	+39.3%	ST STR ENERG ETF	81369Y506
SILJ	AMPLIFY ETF TR	28,643	$781K	0.5%	$27.28	$18.10	+50.7%	JR SILV MINE ETF	032108649
SBSW	SIBANYE STILLWATER LTD	22,511	$230K	0.1%	$10.21	$9.17	+11.3%	SPONSORED ADR	82575P107
KMI	KINDER MORGAN INC DEL	18,853	$568K	0.4%	$30.15	$26.97	+11.8%	COM	49456B101
SLV	ISHARES SILVER TR	29,354	$1.6M	1.0%	$54.51	$35.91	+51.8%	ISHARES	46428Q109
PICK	ISHARES INC	12,311	$738K	0.5%	$59.96	$40.72	+47.2%	MSCI GBL ETF NEW	46434G848
WMB	WILLIAMS COS INC	3,467	$236K	0.2%	$67.96	$57.82	+17.6%	COM	969457100
IEMG	ISHARES INC	10,812	$877K	0.6%	$81.16	$62.44	+30.0%	CORE MSCI EMKT	46434G103
OUNZ	VANECK MERK GOLD ETF	13,405	$535K	0.3%	$39.90	$33.34	+19.7%	GOLD SHS	921078101
EWJ	ISHARES INC	3,608	$352K	0.2%	$97.45	$77.34	+26.0%	MSCI JAPAN ETF	46434G822
HPK	HIGHPEAK ENERGY INC	12,106	$98,784	0.1%	$8.16	$6.90	+18.3%	COM	43114Q105
EMLC	VANECK ETF TRUST	21,096	$524K	0.3%	$24.83	$25.58	-2.9%	JP MRGAN EM LOC	92189H300
ASM	AVINO SILVER & GOLD MINES LT	15,852	$87,978	0.1%	$5.55	$6.75	-17.7%	COM	053906103
GGB	GERDAU SA	16,486	$77,814	0.1%	$4.72	$4.44	+6.2%	SPON ADR REP PFD	373737105
USAS	AMERICAS GOLD AND SILVER COR	29,287	$128K	0.1%	$4.36	$5.77	-24.5%	COM NEW	03062D803
RRC	RANGE RES CORP	45,758	$1.695M	1.1%	$37.04	$36.52	+1.4%	COM	75281A109
RIO	RIO TINTO PLC	23,252	$2.19M	1.4%	$94.16	$61.84	+52.3%	SPONSORED ADR	767204100