SME-NY 2nd ANNUAL NEW YEAR METALS FORECASTS MEETING

Outlook for Gold

James R. Steel
HSBC USA, Senior Vice President, Metals Analyst

Mr. Steel will discuss the development of the bullion market, investment trends, trends in supply and demand as well as macro-economic and geopolitical influences that impact bullion's position as an alternate currency, a central bank reserve, and a portfolio diversifier

James Steel is HSBC’s Chief Commodities Analyst with specific responsibilities for precious metals. Jim joined HSBC in May 2006. Previously Jim ran the New York research department for Refco, a large US commodities brokerage house and was in charge of energy, precious and base metals analysis. Jim also worked for The Economist in the Economist Intelligence Unit as an economist specializing in commodity producing nations, where he also worked on the Middle East desk.
Jim’s primary duties at HSBC include the production of daily market reports, including long term outlooks for the precious. These include supply/demand and price forecasts, as well as qualitative analyses. Jim is a frequent speaker at commodities related conferences. He is often quoted in the financial media and frequently appears on CNBC. Jim studied economics at undergraduate and graduate levels in London and New York. Jim is also a member of the International Precious Metals Institute and the NY Energy Forum