In this Bloomberg interview, HSBC’s Chief Commodities Analyst James Steel discusses why a major rally in gold is imminent, and believes gold will end 2012 near it’s all-time nominal high over $1900/oz. 

    • @427 lol I agree, HYPE it higher…

      http://www.youtube.com/watch?v=-mRz1JlF87c

      P.S. We live in such a small world. When I did plumbing way back, one of Shaka Zulu’s direct descendants, was my helper… a giant to say the least. One day we finished early with the plumbing work and he ended up working in my garden for what was left of the afternoon. He got shocked by our electric fence while removing some weeds along the fence… he immediately went down on his buttocks clasping his heart, proclaiming that if the fence ever shock him again, he will surely die. lol I’ve got the outmost respect for the real Zulus (not the likes of Zuma). My neighbours are Zulus and we have zero trouble with them. 

  1. Everyone, don’t take this seriously! Last year, these financial “experts” said that gold would end at 2000$ per ounce at the end of the year but instead, gold went to 1500$ per ounce. It is hard to predict gold and silver’s prices because there could be a lot of events that could change its path such as for example, a huge precious metals ores might be found which may drive their prices lower.

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