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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

4/13/17

Gold (GLD) shining brightly. Gold rose nearly a percent today back to levels not seen since November as the U.S. military dropped "the mother of all bombs" in Afghanistan to fight ISIS. The U.S. used the 21,000 lb GBU-43 bomb on a cave complex believed to have ISIS fighters, according to the Associated Press. The bomb had ever been used in combat, according to Adam Stump, the Pentagon spokesman.

Pier One (PIR) left the harbor. The furnishings and decor retailer dropped 9% to a new low for the year following lackluster earnings and lower guidance. Going forward, the company plans more store closures. It's hard to blame investors for bidding shares down, given the combination of Pier 1's modest growth, wider-than-expected loss in the near term, and shrinking store base.

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.