Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 6	C	Weak or Absent	Up	Down	Down	80.65%
Feb 3	A	Weak or Absent	Up	Up	Up	64.71%
Feb 2	A	Weak or Absent	Up	Up	Flat	64.71%
Feb 1	A	Weak or Absent	Up	Up	Up	60.92%
Jan 26	C	Weak or Absent	Up	Down	Down	76.10%
Jan 25	B	Weak or Absent	Up	Up	Flat	64.71%
Jan 24	B	Weak or Absent	Up	Up	Down	68.67%
Jan 23	B	Weak or Absent	Up	Up	Up	60.00%
Jan 20	B	Weak or Absent	Up	Up	Flat	64.71%
Jan 19	B	Weak or Absent	Up	Up	Down	68.67%