Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 31	B	Strong	Up	Down	Down	59.76%
May 30	B	Strong	Up	Down	Down	59.76%
May 29	B	Strong	Up	Down	Down	63.64%
May 26	A	Strong	Up	Up	Up	54.29%
May 25	A	Strong	Up	Up	Flat	57.89%
May 24	A	Strong	Up	Up	Up	53.41%
May 23	B	Strong	Up	Up	Flat	57.89%
May 19	A	Strong	Up	Up	Up	52.54%
May 18	A	Strong	Up	Up	Up	55.17%
May 17	B	Strong	Up	Up	Down	58.82%