{"id":6716,"date":"2024-08-15T15:14:26","date_gmt":"2024-08-15T15:14:26","guid":{"rendered":"https:\/\/dailywashingtoninsider.com\/index.php\/2024\/08\/15\/brett-heath-golds-setup-is-incredible-us3000-in-the-cards-for-2024\/"},"modified":"2024-08-15T15:14:26","modified_gmt":"2024-08-15T15:14:26","slug":"brett-heath-golds-setup-is-incredible-us3000-in-the-cards-for-2024","status":"publish","type":"post","link":"https:\/\/dailywashingtoninsider.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&#8217;s starting to change, with some investors at both the retail and institutional levels getting interested. <\/p>\n<p>&#8216;What we&#8217;re seeing is a little bit of that start to tick up into physical, mainly into the physical exchange-traded funds (ETFs),&#8217; he said. &#8216;We&#8217;re seeing &#8230; 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.&#8217;<\/p>\n<\/p>\n<p>In Heath&#8217;s view, more of that participation could push gold and gold stocks even higher. <\/p>\n<p>&#8216;You&#8217;ve seen such an incredible breakout, such an incredible setup \u2014 and the public&#8217;s just not in the trade yet,&#8217; he emphasized. &#8216;When they do come back in, I think on the back of some of these capital flows, then that&#8217;ll be a big driver of not only gold, but the equities, which today we still really have not seen any material inflows.&#8217; <\/p>\n<p>Watch the interview above for more from Heath on the outlook for gold, as well as Metalla&#8217;s 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<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brett Heath, CEO and director of Metalla Royalty &amp; Streaming (TSXV:MTA,NYSEAMERICAN:MTA), believes gold is only&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-6716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/posts\/6716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/comments?post=6716"}],"version-history":[{"count":0,"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/posts\/6716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/media\/6717"}],"wp:attachment":[{"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/media?parent=6716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/categories?post=6716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailywashingtoninsider.com\/index.php\/wp-json\/wp\/v2\/tags?post=6716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}