Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 25	B	Strong	Up	Down	Flat	-22.86%
Sep 22	B	Strong	Up	Down	Down	-19.88%
Sep 21	B	Strong	Up	Down	Down	-20.35%
Sep 20	C	Strong	Up	Down	Down	-21.97%
Sep 19	C	Strong	Up	Down	Down	-20.82%
Sep 18	C	Strong	Up	Down	Down	-22.41%
Sep 15	B	Strong	Up	Down	Down	-24.58%
Sep 14	B	Strong	Up	Down	Down	-26.23%
Sep 13	B	Strong	Up	Down	Down	-22.86%
Sep 12	B	Strong	Up	Up	Down	-27.81%