Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 18	B	Strong	Up	Up	Down	63.64%
Apr 17	A	Strong	Up	Up	Up	47.54%
Apr 14	A	Strong	Up	Up	Up	46.74%
Apr 13	B	Strong	Up	Up	Flat	58.82%
Apr 12	B	Strong	Up	Up	Down	60.71%
Apr 11	A	Strong	Up	Up	Flat	58.82%
Apr 10	A	Strong	Up	Up	Up	52.54%
Apr 6	A	Strong	Up	Up	Flat	59.76%
Apr 5	A	Strong	Up	Up	Up	58.82%
Apr 3	A	Strong	Up	Up	Up	59.76%