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.

12/8/17 Closing Prices:

Bitcoin: $16,049.31 (-$585.70) Gold: $1,248 (+$1) Dow Jones Industrials: 24,329.16 (+117.68) S&P 500: 2,651.50 (+14.52) Nasdaq Composite: 6,840.08 (+27.24)

Trading Summary Notes for Friday, 12/8/2017

• BITCOIN sells off a bit. Waits for futures to start trading Sunday evening
• Bitcoin futures may be available, BUT will anyone trade them?
• Very VERY frothy and unstable. Time to take a rest
• Bitcoin futures probably WON'T trade enough to affect actual bitcoin. Don't expect something big
• Next stop? $20k OR $10K?
• GOLD picks up a whole dollar. Wow!
• Basically there is very little interest in gold......for now
• Remember, this is the slowest gold action since 2005. Remember 2006-2007? Check a chart
• Gold most overlooked asset class in the world. Buy low, sell high. I LIKE GOLD
• 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