Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 11	A	Weak or Absent	Up	Up	Up	-55.22%
Jun 10	B	Weak or Absent	Up	Up	Up	-52.13%
Jun 7	B	Weak or Absent	Up	Up	Up	-46.53%
Jun 6	B	Weak or Absent	Up	Up	Up	-46.00%
Jun 5	B	Weak or Absent	Up	Up	Up	-47.16%
Jun 3	B	Weak or Absent	Up	Up	Up	-44.67%
May 31	A	Weak or Absent	Up	Up	Up	-49.15%
May 30	A	Weak or Absent	Up	Up	Up	-48.18%
May 29	A	Weak or Absent	Up	Up	Up	-43.16%
May 28	C	Weak or Absent	Up	Up	Down	-40.13%