Gekko’s Guide to Prosperity: Good as Gold

National Review: Could you sketch a quick picture outlining the basic structure of the gold market in the last few months?

John Brimelow: In the first quarter of 1993, the market pulled up sharply out of a three-year slump—it had fallen from around 410 to 330. Since then, it has been flirting with the 400 mark, but has been unable to manage a sustained breakthrough. On the other hand, the market has not fallen below 372. So, the trading range lately has been rather restricted.