ROYAL CARIBBEAN GROUP

Ticker: RCL CUSIP: V7780T103 Class: COM

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

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

Q4 2017

Shares 44,540 Value ($000) $5,313 Avg Close $114.36 Range $108.57 - $123.53

Q3 2017

Shares 53,240 Value ($000) $6,311 Avg Close $107.51 Range $99.04 - $114.85

Q2 2017

Shares 25,590 Value ($000) $2,795 Avg Close $97.28 Range $85.87 - $106.24

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	44,540	$5,313	$114.36	$108.57 - $123.53
Q3 2017	53,240	$6,311	$107.51	$99.04 - $114.85
Q2 2017	25,590	$2,795	$97.28	$85.87 - $106.24