Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 12	D	Weak or Absent	Up	Down	Down	-41.05%
Aug 9	D	Weak or Absent	Up	Down	Down	-44.67%
Aug 8	C	Weak or Absent	Up	Down	Down	-46.00%
Aug 7	C	Weak or Absent	Up	Down	Down	-46.85%
Aug 6	C	Weak or Absent	Up	Down	Down	-47.27%
Aug 2	D	Weak or Absent	Up	Down	Down	-48.08%
Jul 31	B	Weak or Absent	Up	Up	Up	-52.71%
Jul 30	B	Weak or Absent	Up	Up	Up	-51.87%
Jul 29	B	Weak or Absent	Up	Up	Up	-52.71%
Jul 26	C	Weak or Absent	Up	Flat	Down	-50.91%