Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 10	F	Strong	Down	Down	Up	-25.00%
Oct 9	F	Strong	Down	Down	Up	-23.51%
Oct 8	F	Strong	Down	Down	Up	-19.40%
Oct 7	F	Strong	Down	Down	Up	-22.86%
Oct 4	F	Strong	Down	Down	Up	-27.61%
Oct 3	F	Strong	Down	Down	Down	-11.48%
Oct 2	F	Strong	Down	Down	Down	-10.00%
Oct 1	F	Strong	Down	Down	Down	7.57%
Sep 30	F	Strong	Down	Down	Down	25.58%
Sep 27	F	Strong	Down	Down	Down	28.57%