SELECT SECTOR SPDR TR

CUSIP: 81369y605 Class: COM

Guild Investment Management, Inc.'s Holding History (CIK: 0001317802)

Note: Option positions (PUT/CALL) are excluded.

Q1 2014
Shares 280,940 Value ($000) $6,276 Avg Close — Range —
Q1 2012
Shares 64,660 Value ($000) $1,177 Avg Close — Range —