Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 13	A	Very Strong	Up	Up	Up	-14.83%
Jul 12	A	Very Strong	Up	Up	Up	-18.18%
Jul 11	A	Very Strong	Up	Up	Up	-18.43%
Jul 10	A	Very Strong	Up	Up	Up	-8.47%
Jul 7	A	Very Strong	Up	Up	Flat	6.30%
Jul 6	A	Very Strong	Up	Up	Flat	7.14%
Jul 5	A	Very Strong	Up	Up	Up	4.25%
Jul 4	A	Very Strong	Up	Up	Up	1.89%
Jun 30	A	Very Strong	Up	Up	Up	3.05%
Jun 29	A	Very Strong	Up	Up	Up	9.76%