{"id":7920,"date":"2024-08-15T05:45:42","date_gmt":"2024-08-15T05:45:42","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/08\/15\/brett-heath-golds-setup-is-incredible-us3000-in-the-cards-for-2024\/"},"modified":"2024-08-15T05:45:42","modified_gmt":"2024-08-15T05:45:42","slug":"brett-heath-golds-setup-is-incredible-us3000-in-the-cards-for-2024","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/08\/15\/brett-heath-golds-setup-is-incredible-us3000-in-the-cards-for-2024\/","title":{"rendered":"Brett Heath: Gold\u2019s Setup is \u201cIncredible,\u201d US$3,000 in the Cards for 2024"},"content":{"rendered":"<p><strong>Brett Heath, CEO and director of Metalla Royalty &amp; 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. <\/strong><\/p>\n<p>However, that\u2019s starting to change, with some investors at both the retail and institutional levels getting interested. <\/p>\n<p>\u2018What we\u2019re seeing is a little bit of that start to tick up into physical, mainly into the physical exchange-traded funds (ETFs),\u2019 he said. \u2018We\u2019re seeing \u2026 inflows (into GLD) in the last three months \u2014 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.\u2019<\/p>\n<p>In Heath\u2019s view, more of that participation could push gold and gold stocks even higher. <\/p>\n<p>\u2018You\u2019ve seen such an incredible breakout, such an incredible setup \u2014 and the public\u2019s just not in the trade yet,\u2019 he emphasized. \u2018When they do come back in, I think on the back of some of these capital flows, then that\u2019ll be a big driver of not only gold, but the equities, which today we still really have not seen any material inflows.\u2019 <\/p>\n<p>Watch the interview above for more from Heath on the outlook for gold, as well as Metalla\u2019s plans. <\/p>\n<p><strong>Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brett Heath, CEO and director of Metalla Royalty &amp; 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\u2019s starting to change, with some investors at both the retail and institutional levels getting interested. \u2018What we\u2019re seeing is a [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":7921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-7920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/7920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=7920"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/7920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/7921"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=7920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=7920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=7920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}