Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 16	C	Strong	Up	Down	Down	-10.00%
Nov 14	C	Strong	Up	Down	Down	-12.05%
Nov 13	C	Strong	Up	Down	Up	-14.56%
Nov 10	C	Strong	Up	Down	Down	-12.05%
Nov 8	C	Strong	Up	Down	Down	-10.89%
Nov 3	C	Strong	Up	Down	Down	-10.89%
Nov 2	C	Strong	Up	Down	Down	-10.00%
Oct 31	B	Strong	Up	Down	Down	-10.60%
Oct 30	B	Strong	Up	Down	Down	-10.89%
Oct 26	B	Strong	Up	Down	Up	-17.68%