Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 14	A	Strong	Up	Up	Up	37.76%
Jun 13	A	Strong	Up	Up	Up	35.68%
Jun 12	A	Strong	Up	Up	Up	41.36%
Jun 9	A	Strong	Up	Up	Up	50.00%
Jun 8	A	Strong	Up	Up	Up	50.00%
Jun 7	A	Strong	Up	Up	Up	50.00%
Jun 6	A	Strong	Up	Up	Up	53.41%
Jun 5	B	Strong	Up	Up	Up	53.41%
Jun 2	B	Strong	Up	Down	Down	58.82%
Jun 1	A	Strong	Up	Flat	Flat	56.98%