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.

11/7/17 Closing Prices:

Bitcoin: $7035.32 (-$204.72) Gold: $1,276 (-$5.00) Dow Jones Industrials: 23,557.23 ( -8.81) S&P 500: 2,590.64 (-0.49) Nasdaq Composite: 6,767.78 (-18.65)

Trading Summary Notes for Tuesday, 11/7/2017

• BITCOIN drifts lower while consolidating recent gains
• Looks like the $7,000 level is in the rear view mirror......for now
• "Buy the dip?". Yes, but lets see if we get a deeper dip. Looks likely.
• GOLD gives up a bit of yesterday's jump
• The yellow shiny metal is in a dead calm area. Aimlessly wandering
• Gold looks to WANT to go up, but needs a posses to think that. Momentum lacking
• LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION: LONG GOLD

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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