Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 26	D	Weak or Absent	Up	Down	Flat	-47.06%
Aug 23	D	Weak or Absent	Up	Down	Up	-51.26%
Aug 22	D	Weak or Absent	Up	Down	Up	-50.28%
Aug 21	D	Weak or Absent	Up	Down	Up	-50.37%
Aug 20	D	Weak or Absent	Up	Down	Up	-48.77%
Aug 19	D	Weak or Absent	Up	Down	Up	-47.47%
Aug 16	D	Weak or Absent	Up	Down	Down	-42.55%
Aug 15	D	Weak or Absent	Up	Down	Down	-41.18%
Aug 14	D	Weak or Absent	Up	Down	Down	-42.18%
Aug 13	D	Weak or Absent	Up	Down	Down	-46.43%