BITCOIN Closer To $1M. A Tiny Bit Anyway; GOLD Sits In Bitcoin’s Shadow (12/6/17)

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.

12/6/17 Closing Prices:

Bitcoin:  $12,825.94  (+$1,015.43)
Gold:  $1,264  (-$3)
Dow Jones Industrials:  24,140.91  (-39.73)
S&P 500:  2,629.27  (-0.30)

Nasdaq Composite:  6,776.38  (+14.16)

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

Trading Summary Notes for Wednesday, 12/6/2017

  • BITCOIN leaps up. Percentages are smaller BUT dollar gains bigger
  • Will BITCOIN pass the DOW? Going that way…..fast
  • Bitcoin futures start Sunday evening. Still want to get short?
  • Near term target looks like $15,000. After that? Pick your own number
  • UNDERSTATEMENT……….bitcoin momentum extremely strong
  • GOLD just slightly lower. Suffering from neglect
  • Gold is in bitcoin’s shadow. Under owned, unloved and losing “fans”
  • Gold looks like $1,250-$1,255
  • Will a bitcoin “top” (ha ha) result in a rush back to gold?
  • LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION:  LONG BITCOIN & 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