Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 25	D	Strong	Up	Down	Flat	-33.99%
Mar 22	C	Strong	Up	Flat	Up	-35.10%
Mar 21	D	Strong	Up	Down	Down	-33.33%
Mar 20	D	Strong	Up	Down	Down	-33.82%
Mar 19	C	Strong	Up	Down	Down	-30.77%
Mar 18	C	Strong	Up	Down	Down	-32.16%
Mar 14	B	Strong	Up	Up	Flat	-35.71%
Mar 13	C	Strong	Up	Flat	Down	-34.31%
Mar 12	C	Strong	Up	Up	Flat	-35.41%
Mar 11	C	Strong	Up	Up	Down	-34.78%