We live in tumultuous times. Landmarks vanish in seconds, institutions overnight. Last year we saw the twin towers implode in blood and smoke – icons of a New York skyline. Lately we’ve had ENRON, darling of the financial establishment, once capitalized at $80 billion, blown away in days. There is a body of opinion which believes parts of the international financial system could go the same way – particularly major banks ‘short’ gold. April 1 approaches and with it the cut off date for Japanese bank deposits. After April 1 a long-standing Japanese government guarantee falls away. Any amount over $75,000 will then be fair game, subject to the full vulnerability of a banking system which is broke. As Teruyaki Miyake, Professor of Economics at Wako University put it:

A source at a regional bank went further:

"I fear rumours about a deposit withdrawal by our local governments could reach individual depositors, causing them to take out their deposits ….it would end up inducing runs on banks, even healthy ones."

Six weeks ago Japanese savers began to withdraw funds from their banks in cash. They have been queuing outside the gold shops, an hour before opening time in the morning, and walking away with up to 20 and 30 kilos at a time. They won’t even leave the gold in bank deposit boxes. They are taking it home and burying it. As we approach April 1, the rush could become an avalanche. If it does, gold will push back over $300. If it breaks $307, all bets are off. No amount of empty threats of potential future sales, from either the German Bundesbank, Swiss Central Bank, or anyone else, will then halt the rise.

With the puncturing of the 20-year downtrend, the price of gold will explode. Within days – weeks at most – the metal could breach $350 and power through to $500. Banks, which have ‘leased’ or ‘borrowed’ gold, then sold it, will never get it back. They will be gutted. While it is common knowledge in gold circles that US bullion banks - such as JP Morgan-Chase and Goldman Sachs – have led the pack, they could still survive if they shorted the gold with the knowledge and backing of the US Treasury. Believing that to be the case, Reg Howe included the US Treasury in his summons. For foreign banks, which jumped on the ‘leasing’ bandwagon, it could be a different story. It is well known that certain Swiss Banks have for some time been approaching clients, endeavoring to borrow their gold. The names of Credit Suisse and UBS were mentioned. In Germany it was Deutsche Bank. If the gold price doubles and trebles, those unsuspecting clients will likely never see their gold again. Whoever borrowed and sold it, investing the proceeds, will never be able to pay it back.

The same dilemma faces many Central Banks. They have ‘leased’ their citizens’ gold to ‘bullion banks’. The latter in turn have sold it – either on own account or that of clients. Central Banks still carry the gold on their balance sheets. They pretend to retain it as an asset. Physically it has gone. If the price rockets, they will never get it back. Central Banks claim to hold 32,000 tons of gold in their vaults. The IMF has unofficially encouraged them NOT to disclose that portion of their reserves, which they have ‘leased’ and lost. The Fund is concerned – and rightly so – that the public would panic if it knew how much had gone. GATA estimates the depredations total between 15,000 and 20,000 tons. It is doubtful there can be much more which is still ‘available’ to be leased and sold – all in an effort to suppress the price to protect the dollar and US bonds.

Some Central Banks, possibly those belonging to the Chinese, Indians, and Russians, will never partake in the fiddle. Their gold is for emergencies and protecting the national interest. They will not risk losing it to bail out the foolish OWNERS of elitist banks or to buy yet more time for a bloated dollar.

It is into this delicate situation that the Japanese ‘Raging Bull’ has thrust its horns. A resurgence of Japanese private buying can literally ‘break’ and expose the banks. Will it happen? The scripture we quoted at the outset of EM36, referred to ‘Young men who see visions’ and ‘Old men who dream dreams’. In the past fortnight we have had direct experience of both – a young man who saw TWO visions and an older man who dreamed TWO dreams. The remarkable thing is that BOTH had a premonition of the collapse of the World Trade Centre and BOTH have recently had premonitions of an IMMINENT run in gold.

These are not ‘oddballs’ playing around in the ungodly and occultic fields of FORTUNE TELLING or DIVINATION. They are both committed Christians exercising a godly gift of prophecy. There is a distinct difference. If any of our clients wishes to have this explained to them, they are encouraged to phone and enquire. Peter George was himself involved in fortune telling before becoming a ‘born again’ Christian and there is absolutely no doubt that the Bible condemns the practice of both astrology and divination. Read the book of Acts, chapter 16, verses 16 to 18, where Paul drove a spirit of divination out of a slave girl who was a fortune-teller. God’s Word tells us repeatedly to forego running after astrologers, enchanters and diviners and to seek Him instead.

In an effort to encourage clients we have seen fit to share these two sets of similar prophetic experiences. If anyone wishes to discuss them further, please do not hesitate to contact us, either by phone, fax or e-mail.

I immediately felt compelled to pray for the US and for the people working in the WTC and New York. This was the response I felt God give me - that I should pray over the following week for this, not knowing that only a week later, on September 11th, this would happen.

I have felt something in my spirit since about August 2001 but only now feel a sense of urgency about the need to share it.

(He chose to share it with Peter George because he thought the latter would have friends who were Swiss Bankers, little knowing that two hours before he did so, Peter George had been on the phone to Switzerland, concluding a deal with an old Swiss banking friend.)

The word I feel to share is that financial scandals are going to break out in the Swiss and German banking sectors.

I feel the location of the gold power base is going to change. That God will realign country allegiances and bring renewed hope to poor countries that the rest of the world looks down upon. I feel God saying He will increasingly begin to redistribute and redirect the world’s wealth, towards empowering and benefiting the poor, the despised and the needy - that people will see God’s heart as He reaches out to the broken-hearted and economically hopeless. This will be a sovereign act of God, preparing His church for the end time harvest.

In light of what God will do, I feel Him calling His church to pray for salvation amongst the corporate banking and financial services sectors in particular, and against the enemy’s tactics of suicide, fear and depression. I also felt that those in authority and in the church would use the redirected world’s wealth wisely.

Later that day we witnessed the planes crashing into the Twin Towers on TV.

In the centre of the town square was a large statue of a horse with a Gold Band above one of its front hooves.

Next, I saw a white stallion, very well built, galloping away between the crowds of people. This picture was very vivid from where I was standing. There was a lot of excitement and then calamity, as the horse rushed through the crowds.

The reason for relating each person’s earlier prophetic premonition of the Twin Towers tragedy, was to lend credence to the reliability of their separate prophetic gifts. Both accurately foresaw a major event. The fact that it was the same, but viewed from a different perspective, makes each more credible.

We are not entitled to deduce that their second visions – both heralding an imminent run in gold – are necessarily infallible. God’s word says we only ever ‘prophesy in part’ and we do need to ‘test the spirits’ to see whether we ourselves confirm what is being said. The fact that a person can prophesy correctly on a past occasion, does not mean he will always do so. But, on the face of it, placing the two sets of visions side by side, we are left with a powerful case. Each set of prophetic visions confirms the other. From a biblical perspective, that is important. We are always encouraged to:

In order to comply, we relate the following. As the writer left a men’s prayer breakfast yesterday morning, a friend gave him a handwritten note which serves as a third confirmation. He said he felt to tell the writer the following:

We look set for interesting times in the gold market when the devious manipulations by Central Banks and the US financial authorities have been exposed and set aside.

If you or your friends have funds in any of the overseas banks mentioned above and you witness with either or both of the respective prophetic words given, you may wish to know what action we feel you should take.

We believe a simple precaution to protect assets from risk of banking defaults, would be to instruct banks to switch funds on deposit into Kruger Rands or bullion and place them in safe deposit boxes.

Remember, ‘monies in the bank’ are NEVER in the bank. In order to service the interest they pay you, the bank has to lend the funds out, at a higher rate of interest than they agree to pay you. The difference is their profit. A problem arises if the third party cannot repay. If its gold and the price has DOUBLED or QUADRUPLED, you will whistle for your money because the bank will not survive.

For those who have legitimately applied for a foreign investment allowance and sent it overseas, be careful if it’s presently invested in foreign unit trusts, dependant on bond and share markets. US long-term bonds are looking sick. Prices are off 20% in 4 months. They can fall by the same amount again, come year-end. If the dollar tanks, the loss will compound.

Share markets worldwide have rallied but, if you read Adam Hamilton’s latest article, the moves are ONLY rallies. The ‘BEAR’ is set to return with a vengeance. Don’t get trapped in his claws. Get your funds into gold and gold shares. If you need help, contact Trinity Holdings, my son’s asset management company. They specialize in the Gold market, whether it be shares, coins, bullion, or options on the metal. Their current favourite is Newmont – the world’s largest producer of gold, 10 times more liquid than Anglogold. More importantly, Newmont have committed themselves to closing all their hedges on the metal. No more forward sales at low prices. When the price of gold rises in dollar terms, the full benefit will hit the bottom line immediately. That explains why Newmont won Normandy and why the Anglo offer was spurned. The latter still doesn’t believe in the gold market and still refuses to pull its weight in attempting to squeeze the ‘bears’. Their growing association with arch-bear Barrick Gold puts them squarely in the camp of the ‘would be bears’.

Trinity now have a second offshore favourite. It is Afrikander Lease. The latter has recently acquired ADR status – they can be traded in the US, like Durban Deep and Harmony. Call for advice on how they can be bought. Their underlying fundamentals look very attractive because they have an intrinsic ability to push production more significantly and more rapidly than any other gold producer in South Africa. The bulk of their deposit is opencast and, although they have valuable underground reserves at their old Gold and Uranium mine, they will focus their efforts on surface. Long term, we believe Afrikander Lease has potential to become a R20 stock – with or without a further rise in gold. Their opencast mining skills are substantial, and are easily transferable to other sites in Southern Africa, as opportunities arise.

Despite the current ‘backing and filling’ taking place in gold stocks, one cannot afford to be out of this market, even if the correction continues. The most knowledgeable of commentators have endeavoured in recent months to fine tune their buying and selling but have missed out on major moves. The letter we sent out recently, entitled : ‘A Pundit Speaks’ warned against sticking to a ‘buy and hold’ investment strategy. It referred to previously successful strategies used to play the industrial markets. With most having moved into ‘bear’ markets, one can only play rallies. That can be dangerous as the major trend is now down. If one miss times a move, one gets caught. Gold shares on the other hand should from now on be treated quite differently. We are entering a long-term bull market. The point and figure chart on the JSE Gold Index gives an upside count to 7500 from the current level of 2400. If one excludes Anglogold, which is still a major but diminishing component of the JSE Gold Index, the expected performance of unhedged producers will be substantially better.

Maximum appreciation will likely therefore accrue to those who concentrate on selected stocks through an individually managed portfolio. From inception, Trinity Holdings has comfortably outperformed the JSE Gold Index. That is why we advise clients, where possible, to switch investments from both Gold Funds, into unhedged shares held DIRECTLY through a managed portfolio.

Although the gold funds have performed extremely well to date, they are forced to ‘buy the index’. That means investing between 35% and 52% in Anglogold. In the latest reporting period, the Anglogold’s profits rose 65%, whereas those of Goldfields and Harmony both rose in excess of 200%. When dollar prices start to rise sharply, the disparity between the mines which hedge and those that don’t, will widen considerably. Some of the hedgers will not survive. Being ‘short’ crippled Ashanti in September ’99 when gold jumped $80 in a week. They barely made it. Others may not be so fortunate.

FINALLY, don’t forget to set aside a small percentage of total funds, send it offshore and take one more crack at an OPTION on Gold itself – in dollars.

If ever there was a prophetic vision of the inner workings of the Gold Cartel, it was the picture of a tank blasting its way into the basement of a Swiss bank, only to reveal the gold had gone!

Trusting a Central Bank to keep their nation’s gold intact will be shown to have been tantamount to trusting a fox to guard the hen coop. When the elitist conspiracy is finally exposed there will be painful recriminations.

If late March – early April brings an upsurge in Japanese gold buying, June Options expiring early May could hit the jackpot, despite their high ‘strike’ of $400 an ounce. They presently cost less than $700 for a 1000 ozs. Cautious investors will plump for a February 2003, strike $400, costing $5,000 for 1000 ozs. All these quotes are subject to gold not running away before you read this. Hang in Gold Bulls. Your day is coming.

Tel : 021-710-5770

Fax : 021-713-2118

Cell : 082-806-3147