[Bill Ferny]

Manwe,

I’m more inclined to agree with the second theory in regard to the Secret Fire, only because of the word “servant”. Would Gandalf be a servant to Narya, or would Narya be a servant to him?

Now if the “Secret Fire” refers to the Imperishable Flame, that makes more sense if Gandalf is it’s servant. However, the word “Secret” as you point out becomes a problem. It wouldn’t be a secret to a Balrog, would it? But it might be a “Secret” for others, especially men. In a sense it could be a secret to a Balrog if on account of its corruption by it’s and Melkor’s evil will it no longer remembers the Imperishable Flame. Heck I don’t know.

Its kind of obvious that the Secret Fire and the Flame of Anor are not the same thing, because Gandalf says that he is the servant of one, and the wielder of the other. So, maybe, the Flame of Anor is indeed Narya.