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.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.