Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 28	A	Very Strong	Up	Up	Up	9.31%
Jun 27	A	Very Strong	Up	Up	Up	8.00%
Jun 26	A	Strong	Up	Up	Up	8.00%
Jun 23	A	Strong	Up	Up	Up	8.00%
Jun 22	A	Strong	Up	Up	Up	12.97%
Jun 21	A	Strong	Up	Up	Up	16.38%
Jun 20	A	Strong	Up	Up	Up	12.50%
Jun 19	A	Strong	Up	Up	Up	22.73%
Jun 16	A	Strong	Up	Up	Up	20.00%
Jun 15	A	Strong	Up	Up	Up	29.19%