Trend Table for GRZ - Gold Reserve Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 10	B	Weak or Absent	Up	Up	Down	-52.21%
Jul 9	B	Weak or Absent	Up	Up	Down	-51.26%
Jul 8	B	Weak or Absent	Up	Up	Down	-50.46%
Jul 5	B	Weak or Absent	Up	Up	Down	-54.31%
Jul 4	B	Weak or Absent	Up	Up	Down	-54.16%
Jul 3	B	Weak or Absent	Up	Up	Down	-54.16%
Jul 2	B	Weak or Absent	Up	Up	Down	-53.45%
Jun 28	B	Weak or Absent	Up	Up	Down	-55.15%
Jun 27	B	Weak or Absent	Up	Up	Up	-56.87%
Jun 26	B	Weak or Absent	Up	Up	Down	-55.00%