Bitcoin Continues to Soar; GOLD Sneaks Up a Touch (11/2/17)

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.

11/2/17 Closing Prices:

Bitcoin: $7068.43  (+$512.80) 
Gold:  $1,277  (+$2)
Dow Jones Industrials:  23,516.26  (+81.25)
S&P 500:  2,579.85 (+0.49) 

Nasdaq Composite:  6,714.94 
(-1.59)

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

Trading Summary Notes for Thursday, 11/2/2017

  • BITCOIN keeps up the strong rally. Touches $7,300 before pulling back
  • Bitcoin still has momentum from the CME Group’s announcement of bitcoin futures
  • Where is bitcoin going? UP! $10,000?
  • GOLD inches back up. Not much interest BUT beginning to look VERY good
  • Gold may get a boost in the morning with a strong labor report AND inflation number
  • LONG TERM BULLISH ON BITCOIN AND GOLD

Current TRADING Positions:  LONG BITCOIN AND GOLD

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here