BITCOIN Continues Up; GOLD Inches Up, Firms Up (11/1/17)

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.

11/1/17 Closing Prices:

Bitcoin: $6,555.63  (+$178.95) 
Gold:  $1,275  (+$4)
Dow Jones Industrials:  23,435.01  (+57.77)
S&P 500: 2,579.36  (+5.10) 

Nasdaq Composite:  6,716.53 
(-11.14)

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

Trading Summary Notes for Wednesday, 11/1/2017

  • BITCOIN hits more new highs. CME Group bitcoin futures a big factor
  • Once again, Bitcoin gets even more credibility. Momentum clearly up
  • Where is bitcoin going? UP
  • GOLD inches back up. Not much interest BUT beginning to look VERY good
  • Gold should be helped with news later this week. Inflation and strong labor market
  • LONG TERM BULLISH ON BITCOIN AND GOLD

Current TRADING Positions:  LONG BITCOIN AND GOLD

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
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