HSBC Chief Commodities Analyst: Gold to $1900 By End 2012

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. 


  1. The question is if the Cartel will allow it to hit $1900 or will they slam it down again… it can go both ways. lol

  2. Know the game whack-a-mole.
    When the true run hits ,  JPM and Citi won’t be able to beat  us moles down fast enough…

  3. HSBC– really?  Didn’t I see their name mentioned as one of the big 5 shorts?
    Fluffing for your next raid, Mr. Steel?

  4. One analyst says $1900.00, the post below says $1850.00. What the hell I say $2000.00, if I’m right you can call me an analyst, if I’m wrong then you can still call me an analyst. LMAO

    • @Marchas45 lol Charlie, my mind has also jumped to $2000 when I saw the headlines, but I’ve deliberately chosen to keep my mouth shut. I didn’t wish to spoil a surprise. lol

    • @Marchas45
      HYPE it higher lol
      Gold 100,000  Silver 10,000 

    • @427 lol I agree, HYPE it higher…

      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. 

  5. And here is a video of my people…

    P.S. The figures given are not 100% correct, but that’s a debate for another day. lol

  6. what the heck, $2,222.22 I can pick a price out of thin air too.

  7. 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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