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.
11/16/17 Closing Prices:
Bitcoin: $7,469.72 (+$233.97) Gold: $1,279 (-$0-) Dow Jones Industrials: 23,458.36 (+187.08) S&P 500: 2,585.64 (+21.02) Nasdaq Composite: 6,793.29 (+87.08)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Thursday, 11/16/2017
- BITCOIN tacks on more gains. Negative press clippings ignored
- Expect a challenge to the old highs and a break above $8,000
- The bitcoin momentum is huge. Credibility gains every day.....Square is the latest to embrace "the coin"
- GOLD finishes unchanged. Basically neglected
- Stocks and cryptocurrencies stealing the activity in gold......for now
- Gold looking to break out above $1,300. Next stop $1,350
- 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