Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 9	D	Weak or Absent	Up	Down	Down	-32.67%
Apr 8	D	Weak or Absent	Up	Down	Down	-33.33%
Apr 5	D	Weak or Absent	Up	Down	Down	-33.33%
Apr 4	D	Weak or Absent	Up	Down	Down	-32.50%
Apr 3	D	Weak or Absent	Up	Down	Down	-33.17%
Apr 2	D	Weak or Absent	Up	Down	Down	-33.33%
Apr 1	C	Weak or Absent	Up	Up	Up	-35.87%
Mar 28	D	Strong	Up	Down	Flat	-33.82%
Mar 27	D	Strong	Up	Down	Flat	-34.15%
Mar 26	D	Strong	Up	Flat	Up	-34.78%