BITCOIN Soars Over the Weekend, Softens On Monday; GOLD Takes a Big Jump Up (11/6/17)

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.

11/6/17 Closing Prices:

Bitcoin: $7240.04  (-$87.43) from Friday’s close 
Gold:  $1,281  (+$11)
Dow Jones Industrials:  23,548.42  (+9.23)
S&P 500:  2,591.13 (+3.29) 

Nasdaq Composite:  6,786.44 
(+22.00)

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

Trading Summary Notes for Monday, 11/6/2017

  • BITCOIN hits $7,500-$7,600 over the weekend. Settles back down today
  • SOLD BITCOIN TRADING POSITION at $7,385. Profits are nice.
  • Bitcoin should be expected to “back and fill” for a bit. Waiting for next big move
  • We have asked this before………..”Where is bitcoin going? UP! $10,000? Yeah!”
  • GOLD jumps up on Saudi purge/Mideast uncertainty
  • OR, is the CME group getting ready to announce their RMG product is ready? Hmmmm!
  • Gold looks very good and looks much higher…….after getting back through $1,300
  • LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION: LONG GOLD

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
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