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"Tere Bin Laden" world is safer and better place !

Last Sunday US Navy Seals killed Obama by going deep into Pakistan and finishing the job in 40 minutes. Since 9/11, all world was waiting for this event which took nearly 10 years and hundreds of billions of $$ if you include cost of two wars. Finally it took some good intelligence work by CIA, bravery of few good men, not trusting supposed "partner" (Pakistan) in this war on terror and most importantly decision to go forward with raid by President Obama. Well done Mr. President ! World is much safer and better place without Bin Laden.

Market reaction was usual - initial euphoria on killing of Laden news gave away with nervousness due to heights markets have reached and uncertainty going forward. The sell-off gained momentum especially on Thursday with rout it commodities market with many of them down by double-digit %. So is commodity bubble busted ? In short term, it looks like. It all depends on how US economy holds up in 2nd quarter and Chinese actions on slowing down its economy. But I feel that this sell-off may be short-lived and commodities would start rising again in next few weeks. I may consider investing in SLV at around $30 and ERX at around $66

Check out spoof on Obama Speech - I like the line about "thank you for 2 terms" which I think Obama deserves !

http://www.youtube.com/watch?v=xlOIy6QEbes

Have a great weekend !

/Shyam


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