The Assault On BITCOIN $10,000 Continues; GOLD Firm and Steady-Ready To Go (11/28/17)

Bitcoin Gold

FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis, and uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.

11/28/17 Closing Prices:

Bitcoin:  $9,898.41  (+$221.17)
Gold:  $1,294  (-$0-)
Dow Jones Industrials:  23,836.71  (+255.93)
S&P 500:  2,627.04  (+25.62)

Nasdaq Composite:  6,912.36  (+33.84)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Tuesday, 11/28/2017

  • BITCOIN……….yawn……..more new highs. $10,000 is in the book
  • Bitcoin sellers are almost non-existent. Big demand, no supply
  • Love bitcoin, but a lot of speculation is built in………traders be careful
  • GOLD extremely strong in the face of strong equity markets.
  • Gold usually sells off on strong equities. Not now
  • Gold looks to break out to the upside. Upside target $1,350.
  • Gold WILL be the surprise move to the upside.
  • Its “under-owned”
  • LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION:  LONG GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Read our PRIOR daily commentaries on Bitcoin vs Gold here