Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 16	B	Strong	Up	Up	Flat	-36.92%
Feb 15	B	Strong	Up	Up	Up	-37.21%
Feb 14	B	Strong	Up	Up	Up	-38.64%
Feb 13	A	Strong	Up	Up	Up	-37.79%
Feb 12	B	Strong	Up	Up	Up	-37.21%
Feb 9	B	Strong	Up	Up	Up	-37.06%
Feb 8	B	Strong	Up	Up	Down	-35.10%
Feb 7	B	Strong	Up	Up	Down	-35.25%
Feb 6	B	Strong	Up	Up	Down	-36.62%
Feb 5	B	Strong	Up	Up	Down	-35.71%