Gobble Gobble; BITCOIN Rockets Over Thanksgiving Weekend; GOLD……Get Ready For Blastoff (11/26/17)

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.

Sunday (after Thanksgiving) 11/26/17 Closing Prices:

Bitcoin:  $9,099.06  (+$871.89) (from 11/22/17 Pre-Thanksgiving weekend)Gold:  $1,288  (-$4.00) (from 11/22/17 Pre-Thanksgiving weekend)

11/22/17 Closing Prices:

Dow Jones Industrials:  23,526.18  (-64.65)
S&P 500:  2,597.08  (-1.95)

Nasdaq Composite:  6,867.36  (+4.88)

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

Summary Notes for Sunday, 11/26/2017

  • WHOA. BITCOIN explodes up over the US long weekend
  • New all time highs. Closing in on $10,000
  • Frothy?? Ya think?? Seems there are just no sellers
  • More to come? Big demand, no supply. Traders enjoy, be very careful
  • GOLD “toying” with resistance at $1,295-$1,300
  • Is gold about to “pop” through $1,300? I say YES
  • Upside target $1,350.
  • GOLD is NOT a crowded trade. Far from it…..its “under-owned”
  • Gold WILL be the surprise move to the upside.
  • 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