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.

11/27/17 Closing Prices:

Bitcoin: $9,677.24 (+$578.18) Gold: $1,294 (+$6) Dow Jones Industrials: 23,580.78 (+22.79) S&P 500: 2,601.42 (-1.00) Nasdaq Composite: 6,878.52 (-10.64)

Trading Summary Notes for Monday, 11/27/2017

• BITCOIN leaps up.....again. New all time highs
• Bitcoin sellers are almost non-existent.
• Big demand, no supply. Traders enjoy, but be very careful
• Love bitcoin, but a lot of speculation is built in
• GOLD working through resistance......$1,295-$1,300
• Gold looks to break out to the upside. 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