Trend Table for OUNZ - Merk Gold Trust ETV

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 17	B	Strong	Up	Up	Up	11.82%
May 16	B	Strong	Up	Up	Up	13.66%
May 15	B	Strong	Up	Up	Up	13.22%
May 14	B	Strong	Up	Up	Up	14.66%
May 13	B	Strong	Up	Up	Up	15.68%
May 10	B	Strong	Up	Up	Up	14.31%
May 9	B	Strong	Up	Up	Up	15.27%
May 8	B	Strong	Up	Up	Flat	17.08%
May 7	B	Strong	Up	Up	Flat	16.82%
May 6	B	Strong	Up	Up	Flat	16.19%