WOW! New Highs, CME Futures; GO BITCOIN, GO; Blah for GOLD (10/31/17)

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.

10/31/17 Closing Prices:

Bitcoin: $6,376.68  (+$310.32) 
Gold:  $1,271  (-$6)
Dow Jones Industrials:  23,377.24  (+28.50)
S&P500: 2,575.26  (+2.43) 

Nasdaq Composite:  6,727.67 
(+28.7)

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

Trading Summary Notes for Tuesday, 10/31/2017

  • BITCOIN rockets higher. New all time highs
  • CME Group announces the introduction of bitcoin futures
  • Bitcoin gets even more credibility. Momentum clearly up
  • GOLD eases back down. Suffers from lack of interest
  • Gold should be helped with news later this week. Inflation and strong labor market
  • 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