Higher & Higher Goes The BITCOIN; GOLD On A Treadmill (11/20/17)

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.

11/20/17 Closing Prices:

Bitcoin:  $8,211.55  (+$271.22) (from Friday’s close)
Gold:  $1,278  (-$17)
Dow Jones Industrials:  23,430.33  (+72.09)
S&P 500:  2,582.14  (+3.29)

Nasdaq Composite:  6,790.71  (+7.92)

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

Trading Summary Notes for Monday, 11/20/2017

  • BITCOIN…..more new highs and over $8,000 easily
  • Potential institutional demand is staggering. Buying power and limited supply equals UP
  • $8,500 trading target is looking good. Then, maybe some pause??
  • Ultimate upside target for BITCOIN? UP followed by UP
  • GOLD backs down from last weeks big push up
  • Gold stalled at $1,295-$1,300. Just struggles to gain momentum
  • Gold WILL be the surprise move to the upside. Timing? Perhaps with stocks/dollar weakness
  • LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION: LONG BITCOIN & LONG GOLD

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

Read our PRIOR daily commentaries on Bitcoin vs Gold here