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This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Global Watch - The Gold Forecaster / Julian D. W. Phillips, have based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Global Watch - The Gold Forecaster / Julian D. W. Phillips make no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Global Watch - The Gold Forecaster /  Julian D. W. Phillips only and are subject to change without notice. Global Watch - The Gold Forecaster / Julian D. W. Phillips assume no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit which you may incur as a result of the use and existence of the information provided within this Report.

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© 2004 Julian D. W. Phillips
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