Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 31	A	Strong	Up	Up	Flat	60.71%
Mar 30	B	Strong	Up	Up	Down	63.64%
Mar 29	A	Strong	Up	Up	Up	58.82%
Mar 28	A	Strong	Up	Up	Up	58.82%
Mar 27	B	Strong	Up	Up	Up	58.82%
Mar 24	B	Strong	Up	Up	Up	61.68%
Mar 23	B	Weak or Absent	Up	Flat	Up	64.63%
Mar 22	B	Weak or Absent	Up	Up	Up	63.64%
Mar 21	B	Weak or Absent	Up	Up	Up	58.82%
Mar 20	B	Weak or Absent	Up	Up	Up	59.76%