Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 11	A	Strong	Up	Up	Flat	-30.95%
Aug 10	A	Strong	Up	Up	Flat	-30.95%
Aug 9	B	Strong	Up	Up	Down	-30.41%
Aug 8	A	Very Strong	Up	Up	Up	-31.12%
Aug 4	A	Very Strong	Up	Up	Flat	-29.87%
Aug 3	A	Very Strong	Up	Up	Flat	-29.69%
Aug 2	A	Very Strong	Up	Up	Flat	-29.69%
Aug 1	A	Very Strong	Up	Up	Up	-29.69%
Jul 31	B	Very Strong	Up	Up	Up	-31.47%
Jul 28	A	Very Strong	Up	Up	Up	-32.84%