Trend Table for PGDC - Patagonia Gold Corp.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 17	B	Strong	Up	Up	Up	60.00%
Jan 12	B	Strong	Up	Up	Up	60.00%
Jan 9	C	Strong	Up	Up	Down	100.00%
Jan 5	B	Strong	Up	Up	Up	60.00%
Jan 3	B	Strong	Up	Up	Up	60.00%
Jan 2	B	Strong	Up	Up	Up	60.00%
Dec 29	B	Strong	Up	Up	Up	60.00%
Dec 28	C	Strong	Up	Up	Up	100.00%
Dec 27	C	Strong	Up	Up	Up	100.00%
Dec 22	C	Strong	Up	Up	Up	100.00%