Why Investors Are Missing Key Changes in Gold and Copper Markets - Brett Heath

In an in-depth interview, Jeremy Szafron, Anchor at Kitco News, speaks with Brett Heath, CEO of Metalla Royalty, about the critical dynamics shaping the gold and copper markets. Heath analyzes the recent surge in gold prices, noting the significant price action despite minimal investor participation and predicting that prices could rise much higher than anticipated. He also discusses the surprising outflows from gold ETFs like the GDXJ, despite record-breaking prices, indicating potential future market shifts. Additionally, Heath sheds light on the long-term challenges in the copper market, emphasizing the inelastic supply and rising demand. He points out that many copper mines began production in the 1950s and 60s, and a well-documented supply deficit is expected to extend through the mid-2030s, potentially driving copper prices higher. Tune in for expert insights into these pivotal market trends.

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00:00 - Introduction
01:10 - Gold's Price Action
03:25 - Central Bank Demand for Gold
05:00 - Investor Participation and ETF Outflows
07:15 - Emerging Market Reserves Shift
09:00 - Copper Supply Dynamics and Inelasticity
11:45 - Long-Term Demand for Copper
14:10 - Impact on Mining Operations and Margins
16:05 - Metalla Royalty's Long-Term Strategy
18:00 - Closing Thoughts and Future Outlook

#Gold #Copper #Investing #MarketTrends #MetallaRoyalty #BrettHeath #KitcoNews #ETFs #Mining #PreciousMetals #Commodities #EconomicOutlook #InvestorInsights #FinancialNews #MarketAnalysis #LongTermInvesting #SupplyDemand #GoldPrices #CopperMarket
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