BITCOIN $10,000?? Almost! GOLD On The Launch Pad. Ready? (11/27/17)

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.

11/27/17 Closing Prices:

Bitcoin:  $9,677.24  (+$578.18)
Gold:  $1,294  (+$6)
Dow Jones Industrials:  23,580.78  (+22.79)
S&P 500:  2,601.42  (-1.00)

Nasdaq Composite:  6,878.52  (-10.64)

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

Trading Summary Notes for Monday, 11/27/2017

  • BITCOIN leaps up…..again. New all time highs
  • Bitcoin sellers are almost non-existent.
  • Big demand, no supply. Traders enjoy, but be very careful
  • Love bitcoin, but a lot of speculation is built in
  • GOLD working through resistance……$1,295-$1,300
  • Gold looks to break out to the upside. Upside target $1,350.
  • GOLD is NOT a crowded trade. Far from it…..its “under-owned”
  • Gold WILL be the surprise move to the upside.
  • 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