Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 2	A	Strong	Up	Up	Up	56.98%
May 1	A	Strong	Up	Up	Up	49.17%
Apr 28	B	Strong	Up	Up	Up	55.17%
Apr 27	A	Strong	Up	Up	Up	55.17%
Apr 26	C	Strong	Up	Down	Down	68.75%
Apr 25	C	Strong	Up	Down	Down	69.81%
Apr 24	B	Strong	Up	Up	Flat	58.82%
Apr 21	B	Strong	Up	Flat	Down	64.63%
Apr 20	C	Strong	Up	Down	Down	74.19%
Apr 19	B	Strong	Up	Up	Down	58.82%