Aurora Acquisition Corp (AURC)

[MUSHROOMKING]

Now to today Gold situation:
Look for a fundamental reason for the decline in gold and there simply is none. Yes, traders are focusing on rates but in the 70s rates went to 14 7/8% on ten-year money as gold rose to more than $700. Dan is correct in what he says, but that is trading.
The reason for lower prices in gold is that that all black boxes are made up of moving averages as momentum and various types of regression tools. They all go the same way, differencing them only by which black box moves first. This creates an all pile on psychosis in the up as well as the downs.
The crowd is driven as always by FEAR and GREED so the black boxes today rule the crowd. The crowd is totally driven by moving averages and regression formulas as determined by the black boxes. The difference is that the black box moves ahead of the crowd. As a result the crowd is the profit formula as their pockets are always picked by the market, now only more effectively. The black box turns before the crowd.
There are significant illegal activities in the markets today that no one seems to care about. Naked short selling via misuse of the computer based clearing system is the most prevalent. This is just another sign of Authoritarian Free Enterprise in action.
Games are played daily by third market closes that have little to do with reality. There are so many abuses of law that this is a story in itself. The referees of authoritarian free enterprise simply turn their faces away from the crimes that enrich the authoritarians.
The Internet chat rooms seem to be inhabited by the most unregulated people whose lies and slander pour vehemently out of their laptops hundreds of times daily as they try to operate to profit. This misused tool seems to be fading in its influence as more people read through the vulgarity and recognize nefarious true motives.
So here we are in the midst of the madness where electronics is the root cause of the present mass panic. The market is looking for reasons (of which there are none) and has its eyes on the US dollar and the bond market. There is support today approached in the long bond. The US dollar is not setting records. In the short term the US dollar and the bond market will be the determinant of gold’s action. Later in the summer and early in the fall this will all be behind us.
Black boxes extend trends but do not make them. Black boxes did not make the 27-year bull market in bonds but may well have extended it. It is the same for all the items of our interest.
The root causes are best expressed in the following illustrations:
Gold is going to $761, $887.50, $1000 and $1650 regardless that almost to a personality all the top callers are out of the dens again telling us how accurate they have been, many of them seeking your paid subscription. Again they are hurting your interest as they present their genius to you.