Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 18	B	Strong	Up	Up	Flat	64.71%
Jan 17	A	Strong	Up	Up	Up	61.85%
Jan 16	B	Strong	Up	Up	Down	65.68%
Jan 13	A	Strong	Up	Up	Up	60.92%
Jan 12	B	Strong	Up	Up	Flat	63.74%
Jan 11	B	Strong	Up	Up	Down	66.67%
Jan 10	A	Strong	Up	Up	Up	60.92%
Jan 9	A	Strong	Up	Up	Up	63.74%
Jan 5	A	Weak or Absent	Up	Up	Up	64.71%
Jan 4	A	Weak or Absent	Up	Up	Flat	66.67%