YAHOO, BITCOIN NEW HIGHS; YAHOO, GOLD SPRINTS UP (8/31/17)

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.

8/31/17 Closing Prices:

Bitcoin:  $4,720.78  (+$158.80)
Gold:  $1,323  (+$15.00)
Dow Jones Industrials:  21,948.10  (+55.67)
S&P 500:  2,471.65  (+14.06) 

Nasdaq Composite:  6,428.66 
(+60.35)

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

Trading Summary Notes for Thursday, 8/31/2017

  • BITCOIN jumps to new highs. Closer to $5,000
  • The bitcoin upward march continues. Momentum strong
  • Close to $5,000. Traders may want to place some protective sell stops
  • GOLD paused and consolidated above $1,300 successfully. Moving up nicely
  • Gold upside target of $1,350
  • Traders can buy GOLD with sell stops at $1,305-$1,310
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN & LONG GOLD

Past Market:



Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here