OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

COPPER New All Time High $6.75 A Pound

Posted by Mr.Copper @ 19:56 on August 5, 2026  

Pre 1982, 95% pure Copper pennies, only 140 them or $1.40 cents worth and you have $6.75. I remember long go saying Copper should be $10/lb.

https://finviz.com/futures_charts?t=METALS&p=w

If you can get a refiner to refine your pennies to 999% retail Copper bars would be worth $34/lb.

https://www.jmbullion.com/1-pound-copper-bullion-loaf-bar/

Boy we all got whiplash today re PMs.

Entitled Mayor’s Son Threatens Judge Judy, Gets Handcuffed INSTANTLY

Posted by silverngold @ 19:45 on August 5, 2026  

I call it “Spare the rod, spoil the child”. That is what is wrong with society today. No consequences for anything anyone does. This is not about silver and gold, but the message IS silver and gold. Until this intentional problem is corrected, society will continue to go down hill. Take a chance, watch it, and then help correct it! SNG

Buygold

Posted by deer79 @ 18:41 on August 5, 2026  

Thank you for the reminder of that.

Ive been wrong so many times about how the metals will react to financial news. My initial thought is that, as usual, the scum will try to smack the metals down. Just a question if the recent buyers will step up…..

A weak jobs report would be supportive of the metals?????

Deer79

Posted by Buygold @ 17:28 on August 5, 2026  

BTW – we have a jobs report on Friday. The ADP report today was weak, about half of estimates. If we get another weak jobs report, what do you think they do? Still give us the usual beating?

Hard to believe another one is here already. Weeks have become like days used to be and months like weeks. Even young people feel it, like time is speeding up.

maddog

Posted by Buygold @ 16:07 on August 5, 2026  

The volume seems to be going into the ETF’s. GDX, GLD and SLV are around 2 x’s avg. volume. The individual issues, with a few exceptions, are all below average.

Not sure what that means other than nobody believes the move yet and it’s just some hedge funds wading into the pool.

If we could get a couple more days like this in the next week without getting crushed in between, maybe we’ll see some momentum players that have the FOMO.

GDX and GLD might be on their way to test the 200 dma, SLV still needs to get past the 50 day – about a buck higher.

At least they didn’t dump us into the close like they dumped the QQQ’s.

Hope for some continuation tomorrow.

Maddog

Posted by aufever @ 15:01 on August 5, 2026  

I like him also

Talking of Debt….and how to cure it

Posted by Maddog @ 14:25 on August 5, 2026  

https://www.americanthinker.com/articles/2026/08/argentina-s-milei-ends-the-debt-state/

deer79 buygold

Posted by Maddog @ 14:24 on August 5, 2026  

I agree, we still are not getting serious buying in the shares, they should be up way more than just twice golds percentage…..in times past they were a 5 to 1 ratio on a decent day.

ipsofacto

Posted by Maddog @ 13:40 on August 5, 2026  

That financial squeeze along with the physical embargo, must be hurting…..

aufever

Posted by Maddog @ 13:38 on August 5, 2026  

I also listen to Victor Davis Hanson, for an unbiased assessment…..he has been saying for a long time, all their talk is just delusional BS, as they have zero air force or navy left, while the US has total control of the skies and water.

Glad you like Tousi I watch it daily.

Will be interesting

Posted by Buygold @ 13:16 on August 5, 2026  

to see how they close us today.

Deer79

Posted by Buygold @ 13:07 on August 5, 2026  

I agree. Consistently strong metals are everything. We shouldn’t have to contend with other markets on a daily basis unless there’s some sort of market crash where everything gets sold. This latest correction in the shares was way deeper than it should have been IMHO because of a lack of confidence that the metals would hold the levels they have. It surely wasn’t based on declining earnings as it has been before, and we never got to the point of pricing in future earnings either IMHO.

They have completely destroyed sentiment in this sector over the last 25 years.

The other thing is that the shares don’t even consistently track the metals intraday, makes it tough to trade the daily swings. There are no consistent correlations intraday either.

Buygold

Posted by deer79 @ 12:20 on August 5, 2026  

That’s the $64,000 question…..For those of us who try to trade the daily swings, the “conditioning” ( or expectations that we’ll go down with the overall markets) has become much more profound in the past few years….

IMHO, for a healthy bull market, the metals need to break-free from those algorithmic chains….

 

Maddog

Posted by aufever @ 12:10 on August 5, 2026  

Tousi TV is on.
Excellent show today, as usual

I’m glad you told me about it. Best Middle East news source I have.

Here’s the test

Posted by Buygold @ 12:00 on August 5, 2026  

How do we do as the QQQ’s falter?

Good to see gold

Posted by Buygold @ 11:23 on August 5, 2026  

continuing to move higher as the day goes on. Not usually what happens. This could be actual buying.🤔

ZH had a premium article on gold as their headline this morning. Hard to imagine they have that much sway, but it’s sure good to see.

Maddog

Posted by ipso facto @ 10:39 on August 5, 2026  

The US naval blockade must be kicking their financial ass!

From GPT 5.4

Iran is estimated to be losing about $435 million per day in economic activity due to the US naval blockade/disruption of trade through the Strait of Hormuz.

Peachy

Posted by ipso facto @ 10:36 on August 5, 2026  

Clash Report
@clashreport
NEW: The Pentagon is drafting a classified nuclear strategy that would place greater emphasis on the potential use of shorter-range tactical nuclear weapons in a regional conflict with China or Russia.

https://x.com/clashreport/status/2084929004373483899

ipso facto

Posted by Maddog @ 10:33 on August 5, 2026  

Re Hormuz

Iran is only saying such bullshit, because it knows the MSM will parrot it and treat it seriously…..wheras the truth is they can’t do squat.

goldielocks

Posted by Maddog @ 10:29 on August 5, 2026  

Re Europe…..this ain’t just politicians, with stupid ideas, the politicians are all owned by the Globalists, who used them to capture Europe, so this is the Globalists fighting for their lives…the EU is their major stronghold, but they have lost the people…..

From the IRGC mouthpiece. If Iran ends this war with more control over the strait than it started with I think that’s a bit of a disaster.

Posted by ipso facto @ 10:21 on August 5, 2026  

The Hormuz Letter
@HormuzLetter
·
2h
BREAKING: Iran directly rejects the Axios claim that US-Iran-Oman have a deal to open the Strait of Hormuz today via US announcement, declaring the Strait remains closed and the Iran-Oman agreement “hereby postponed” over US interference, Trump’s threats and false characterization, per Sepah News.

Iran adds Trump “is trying to claim credit for an agreement that is purely with Oman” and that Iran “will not conclude any agreement under the shadow of threats,” with Iran state TV adding “Trump is trying to claim credit for something he has no involvement.”

Iran states that “even with an agreement between Iran and Oman, the Strait of Hormuz will not open if the United States continues its violations. The opening of the Strait of Hormuz is contingent upon a change in US behavior and the correction of its violations.”

The shares are starting to break out against the metals

Posted by Maddog @ 10:19 on August 5, 2026  

d

gldgdx

This seems promising

Posted by Buygold @ 10:13 on August 5, 2026  

The initial selling was bought. Better early volume in the shares.

Let’s keep it going.

In the US

Posted by ipso facto @ 10:13 on August 5, 2026  

Censored Humans
@CensoredHumans
·
21h
“We’re here because of the comments you made online about Israel.”

A man in Texas shared a video saying local police came to his home to question him over posts critical of Israel.

https://x.com/CensoredHumans/status/2084683998387937754

Coming off the bottom of a long correction can be some of the fastest gains in the miners

Posted by ipso facto @ 9:44 on August 5, 2026  

Otavio (Tavi) Costa
@TaviCosta
·
16h
Very important move in the miners today.

This may be the most profitable period in the modern history of the mining industry.

Game on.

https://x.com/TaviCosta/status/2084745014240755765

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.