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    gold investing

    VIDEO - EB Tucker: I’m Standing by My Call for $1,500 Gold This Year

    Charlotte McLeod
    Mar. 24, 2019 08:00PM PST
    Precious Metals
    TSXV:MTAplay icon

    EB Tucker shares his thoughts on the gold market and his strategies for investing. He also discusses the appeal of royalty company Metalla.

    The gold price is currently up just over 2.5 percent year-to-date, but EB Tucker believes the yellow metal will rise quite a bit higher by the end of the year.

    “I went out and made a big call in December that gold would hit $1,500 [per ounce] this year. I’m standing by that call,” he said at the Prospectors & Developers Association of Canada (PDAC) convention.

    “Gold’s up significantly since the summer […] This is a big move when the stock market’s had a tough time,” he continued. “I think that’s very telling. So, I’m very positive on physical gold.”

    Tucker, who is a director at Metalla Royalty & Streaming (TSXV:MTA,OTCQX:MTAFF) as well as the mind behind two publications at Casey Research, also shared his thoughts on how investors can play the current gold environment.

    Speaking about the recent M&A activity, Tucker said that, ultimately, the large companies involved will begin to discard their non-core assets, which could present opportunities for smaller players. “I think the groups that survive and that can make it through this are going to be very interesting,” he said.

    However, he said, he’s more keen on the royalties space. Commenting on Metalla’s strategy of buying royalties owned by third parties, he noted, “no one else is doing this.” The company has bought around 25 royalties so far, and Tucker said that number will “continue to grow.”

    Watch the video above for more from Tucker on what factors will make gold move and where he sees opportunity. You can also click here to view our PDAC 2019 playlist.

    Don’t forget to follow us @INN_Resource for real-time news updates!

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

    Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

    metalla royalty & streamingm&atsxv:mtagold investingcasey research
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