Diamonds and Dogs
Blue Nile (NILE) shining brightly. The online retailer of diamonds and fine jewelry worldwide is jumping 35% after agreeing to be bought out by private-equity firm Bain Capital Private Equity for $500 million. Under terms of the deal, Blue Nile shareholders would receive $40.75 in cash for each share they own. Blue Nile will continue its innovative drive that has disrupted the diamond industry and made us the smartest, easiest, and most pressure-free way for consumers to buy a diamonds.
Gold and silver are trading lower. After nine straight down days, the equities markets are shooting higher while commodities like Gold (GLD) is down 2% while Silver (SLV) is down over 1%. Gold has been rebounding on fears or anxiety about the election, but with one day to go investors are warming up to the elections.