Trend Table for OUNZ - Merk Gold Trust ETV

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 31	A	Weak or Absent	Up	Up	Up	10.35%
Jul 30	B	Weak or Absent	Up	Up	Flat	12.39%
Jul 29	C	Weak or Absent	Up	Up	Down	13.47%
Jul 26	C	Weak or Absent	Up	Up	Down	13.32%
Jul 25	C	Weak or Absent	Up	Flat	Down	14.56%
Jul 24	B	Weak or Absent	Up	Up	Down	12.78%
Jul 23	C	Weak or Absent	Up	Up	Down	12.39%
Jul 22	C	Weak or Absent	Up	Up	Down	12.78%
Jul 19	C	Weak or Absent	Up	Up	Down	12.73%
Jul 18	A	Weak or Absent	Up	Up	Up	10.77%