BITCOIN, What Selloff?? Back Up Again; GOLD Firms Up, On The Launch Pad….Again (12/1/17)

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.

12/1/17 Closing Prices:

Bitcoin:  $10,521.17  (+$1,168.67)
Gold:  $1,280  (-$5-)
Dow Jones Industrials:  24,231.59  (-40.76)
S&P 500:  2,642.22  (-5.36)

Nasdaq Composite:  6,847.59  (-26.39)

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

Trading Summary Notes for Friday, 12/1/2017

  • BITCOIN shakes off the sharp selloff and finishes way back above $10K
  • Selling just evaporates. More new highs on the way?
  • Bitcoin “dip buyers” came to the rescue. I’m a bull and I’m surprised
  • GOLD firms up and perks up in a very tight trading range
  • Gold in very tight trading range………….$1,270- $1,300
  • Gold is under-owned, over looked and in the shadow of bitcoin
  • Gold WILL be the surprise move to the upside. Upside target $1,350
  • 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