Aurora Acquisition Corp (AURC)

[tr8dervic]

It's no big secret that gold and silver have always been considered a proxy for currency if not the actual currency itself.

If the dollar starts taking a hit for political reasons, a lot of savvy u.s. investors will be looking to hedge their u.s. dollars.

"LONDON (MarketWatch) -- The central bank governor of the United Arab Emirates suggested the country may switch up to 10% of its $22.5 billion in currency reserves into euros, in a sign of fallout from Congress' hostility to the acquisition of some U.S. ports by a Dubai-based firm.
The comments from UAE Central Bank Governor Sultan Bin Nasser Al Suwaidi didn't have a huge impact on the euro, which rose about 0.2% at $1.1925.
Though Al Suwaidi didn't link the forex move to Dubai Ports World's acquisition of Peninsular & Oriental Steam Navigation, the market interpreted the comments in that way.
"The talk has clarified just how damaging the rejection of Dubai Ports proposed takeover of U.S. ports from P&O could be. The failed Dubai Ports deal has further damaged the reputation of President Bush with his approval rate falling to historic levels," said currency analysts from BNP Paribas.
On Friday, trade talks between the U.S. and the UAE were postponed.
Dubai Ports World has decided to sell operations at some U.S. ports to a domestic "entity" in a bid to end a political firestorm, Senate Armed Services Committee Chairman John Warner said on the Senate floor Thursday afternoon. "

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B2986D561%2D727A%2D4C8D%2DA088%2D6857CFFABDB...