Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 25	B	Weak or Absent	Up	Up	Flat	-56.03%
Jun 24	B	Weak or Absent	Up	Up	Down	-55.00%
Jun 21	B	Weak or Absent	Up	Up	Flat	-55.88%
Jun 20	B	Weak or Absent	Up	Up	Up	-57.14%
Jun 19	B	Weak or Absent	Up	Up	Up	-55.74%
Jun 18	B	Weak or Absent	Up	Up	Up	-55.74%
Jun 17	B	Weak or Absent	Up	Up	Up	-53.69%
Jun 14	B	Weak or Absent	Up	Up	Up	-56.10%
Jun 13	B	Weak or Absent	Up	Up	Up	-56.73%
Jun 12	A	Weak or Absent	Up	Up	Up	-57.81%