Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Musk officially steps down from DOGE after wrapping...
HHS slams ‘under-tested’ mRNA technology as Trump cuts...
State Department says it will ‘aggressively’ revoke visas...
SEN. JEANNE SHAHEEN: If Trump wants a Ukraine...
Trump’s drastic NSC cuts spark debate: Does fighting...
GOP rails against ‘blatantly false’ Dem claims about...
SCOOP: GOP push for new House committee to...
Elon Musk criticism of Trump tax bill frustrates...
What’s next for DOGE after Elon Musk’s departure?...
Hamas faces ‘legitimacy crisis’ as desperate Gazans flock...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Brett Heath: Gold’s Setup is “Incredible,” US$3,000 in the Cards for 2024

by admin August 15, 2024
August 15, 2024
Brett Heath: Gold’s Setup is “Incredible,” US$3,000 in the Cards for 2024

Brett Heath, CEO and director of Metalla Royalty & Streaming (TSXV:MTA,NYSEAMERICAN:MTA), believes gold is only at the beginning of its current cycle, with US$2,600 to US$3,000 per ounce potentially in sight this year.

However, that’s starting to change, with some investors at both the retail and institutional levels getting interested.

‘What we’re seeing is a little bit of that start to tick up into physical, mainly into the physical exchange-traded funds (ETFs),’ he said. ‘We’re seeing … inflows (into GLD) in the last three months — I believe it was a little over a billion dollars. And into the other major gold ETFS, which is a good way to measure where capital is flowing.’

In Heath’s view, more of that participation could push gold and gold stocks even higher.

‘You’ve seen such an incredible breakout, such an incredible setup — and the public’s just not in the trade yet,’ he emphasized. ‘When they do come back in, I think on the back of some of these capital flows, then that’ll be a big driver of not only gold, but the equities, which today we still really have not seen any material inflows.’

Watch the interview above for more from Heath on the outlook for gold, as well as Metalla’s plans.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Google’s New Pixel Devices Promise Enhanced AI Capabilities
next post
Gold and Silver Prices Fall as​ CPI Meets Expectations

You may also like

Crypto Market Recap: SEC Dismisses Coinbase Case, Crypto...

February 24, 2025

Spearmint Acquires the Sisson North Tungsten Project

February 13, 2025

Tariff Fallout: GM’s Shift Cut in Oshawa Triggers...

May 6, 2025

Metals Focus: PGMs Deficits Deepen as Supply Tightens...

May 21, 2025

Awalé Expands BBM Trend to Over 15km with...

December 19, 2024

LaFleur Minerals Announces Memorandum of Understanding with Granada...

March 27, 2025

Top 5 Canadian Mining Stocks This Week: Euro...

April 5, 2025

Significant New Uranium Discovery at Big Lake Uranium...

August 18, 2024

Biomarker Technologies for Cardiovascular Health

August 6, 2024

High Grade surface silver results up to 920g/t...

May 15, 2025

Recent Posts

  • Musk officially steps down from DOGE after wrapping work streamlining government
  • HHS slams ‘under-tested’ mRNA technology as Trump cuts Moderna’s vaccine funding
  • State Department says it will ‘aggressively’ revoke visas for Chinese students
  • SEN. JEANNE SHAHEEN: If Trump wants a Ukraine deal, he should reread his own book
  • Trump’s drastic NSC cuts spark debate: Does fighting the ‘Deep State’ put national security at risk?

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (747)
    • Investing (2,201)
    • Politics (2,719)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.