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.

12/5/17 Closing Prices:

Bitcoin: $11,810.51 (+$461.63) Gold: $1,267 (-$10) Dow Jones Industrials: 24,180.64 (+109.41) S&P 500: 2,629.57 (-9.87) Nasdaq Composite: 6,762.21 (-13.15)

Trading Summary Notes for Tuesday, 12/5/2017

• BITCOIN rallies to get closer to $1M..........even closer to $12K
• Bitcoin attracting 1M opinions though. Most probably wrong
• Bears on bitcoin "chomping" to sell the new bitcoin futures and get short
• Bitcoin bears ready for Monday's Cboe futures launch. Short likely to spike bitcoin higher
• $15K 1st stop
• GOLD breaking down. Just broke a $1,270 support
• Gold looks like $1,250-$1,255
• Still very bullish on gold. Off on the timing.....for now
• LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION: LONG BITCOIN & 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