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

Any fund manager caught long a Crypto that implodes, would be sacked immediately……

‘ The first U.S. Bitcoin-futures backed exchange-traded fund (ETF) is turning into a target for crypto bears. Short interest in the $748 million ProShares Bitcoin Strategy ETF (ticker BITO) as a percentage of shares outstanding is nearly 11%, close to the highest since the fund’s October 2021 inception, IHS Markit data show. Meanwhile, the fund’s ratio of open interest in bearish put contracts to call open interest has soared since mid-April to all-time highs. That suggests that crypto bears are flocking to BITO as a way to short sell the token as they wait for the rollout of inverse Bitcoin ETFs, which would bet against it. .

Guggenheim Partners Chief Investment Officer Scott Minerd said he expects Bitcoin to fall to $8,000 and that cryptocurrency has become a market of “a bunch of yahoos.” “Bitcoin and any cryptocurrency at this point has not really established itself as a credible institutional investment,” Minerd said Wednesday during a Bloomberg Television interview from the World Economic Forum in Davos, Switzerland. “Everything is suspect.” Minerd said his firm bought Bitcoin at $20,000 and sold when it reached $40,000. Guggenheim no longer holds Bitcoin. If the firm were to take a position it would be to short the digital token, he said.’

U now have a doveish Fed/scum, in front of raging inflation…….the Rig is all they have .

From GATA o/n

‘Biden fights inflation, economists warn his weapons for this battle look ‘extremely limited’

This month Biden has put his stamp on the central bank, having appointed four governors to the seven-member Fed board.

Before Biden’s picks were approved by the Senate, the Fed’s interest-rate setting committee was heavily tilted towards hawks. But the balance has now shifted, said Ian Shephersdon, chief economist at Pantheon Macroeconomics.

“Much depends on the approach of the new governors, Lisa Cook and Philip Jefferson, neither of whom were appointed — we assume — to be hawks,” Shepherson said.

Another Biden nominee to the Fed board, Michael Barr, is awaiting Senate action. Barr sailed through his confirmation hearing and isn’t expected to face difficulty on the Senate floor.’

Newly rebuilt and flying high
https://railpictures.net/photo/790231/

I dove years ago with CAPT.Slate in KEY LARGO FLA  ..There was the original STATUE Of CHRIST of the ABYSS  a statue given by the Scuba Divers of ITALY to the Divers of The US ..CAPT SLATE takes tours there regularly .Its been there for many years and Capt Slate used to be the guy that cleaned it and kept it in good shape…Capt Slate is most likely gone now as this was 30 years ago.He was the most spectacular diver ..diving free diving without air tanks for 5minutes or more  to put a show on of him feeding his pet 5 ft Barracuda or the 8ft long Moray eel all this in 40 feet of water holding his breath .I knew him personally as I assisted him in a small way getting the Fla Keys designated as a National Monument to keep commercial fishing off the reef.

I helped him Financially to raise money at a Symposium held in Richmond.

The “Statue” was one place he took all his divers to,he ran 5 boats with about 20 divers on each to the reef almost every day. He had the largest group of divers who regularly dove with him..I did many dives with him when I was younger.He did on his own time kept the Statue clean and did his best to keep the Coral Reefs in  the KEYS pristine especially around Key Largo ..A Great Man…