9th May, 2006 AD

"WATCHING $ 700 GOLD"

Today I sat at my desk and watched as gold roared from $679 in the morning to $701 this afternoon. "What is driving the gold and silver markets?" seems to be the most commonly asked question by our first-time callers and investors. It is a good question; what catapults a 
5000-year-old market up by 40% in 4 months? Clearly there is something wrong behind the scenes that is starting to unravel before our eyes. 
"These are not normal markets", Franklin Sanders commented recently.

The ancient Egyptian's symbol for the sun was the same as their symbol for gold. Further, in several ancient cultures like the Incas and Aztecs, the moon and its imagery was synonymous with "plata" (in Latin), or silver. 

What is interesting to us today is the solar/luna cycle of 12:1 (the moon revolves around the sun 12+ times per solar year). Throughout most of 5,500 years of recorded history, the gold/silver ratio has been the same or similar to the solar/luna cycle; 12:1 to 14:1. Today that ratio is 48:1. By historically standards, the gold and silver markets are not normal. 

"From the beginning of recorded history some 6.000 years ago, gold made a profound and lasting impression. Gold was, and still is, the ultimate symbol of wealth, power, beauty and prestige. It has been deeply rooted in the consciousness of man ever since. History shows that whenever the acceptance and the use of gold were high, there was prosperity, cultural advancement and political stability. But most importantly, gold is not only essential for prosperity and culture but also for personal and political freedom (1)."

Sincerely - Philip Judge pjudge@anglofareast.com

1) Gold Wars' Ferdinand Lips