Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 27	A	Very Strong	Up	Up	Up	-32.67%
Jul 26	A	Very Strong	Up	Up	Up	-32.33%
Jul 25	B	Very Strong	Up	Up	Down	-19.88%
Jul 24	A	Very Strong	Up	Up	Up	-27.42%
Jul 21	A	Very Strong	Up	Up	Up	-28.19%
Jul 20	A	Very Strong	Up	Up	Up	-30.77%
Jul 19	A	Very Strong	Up	Up	Up	-21.51%
Jul 18	A	Very Strong	Up	Up	Up	-17.18%
Jul 17	A	Very Strong	Up	Up	Up	-18.18%
Jul 14	A	Very Strong	Up	Up	Up	-17.68%