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.

12/6/17 Closing Prices:

Bitcoin: $12,825.94 (+$1,015.43) Gold: $1,264 (-$3) Dow Jones Industrials: 24,140.91 (-39.73) S&P 500: 2,629.27 (-0.30) Nasdaq Composite: 6,776.38 (+14.16)

Trading Summary Notes for Wednesday, 12/6/2017

• BITCOIN leaps up. Percentages are smaller BUT dollar gains bigger
• Will BITCOIN pass the DOW? Going that way.....fast
• Bitcoin futures start Sunday evening. Still want to get short?
• Near term target looks like $15,000. After that? Pick your own number
• UNDERSTATEMENT..........bitcoin momentum extremely strong
• GOLD just slightly lower. Suffering from neglect
• Gold is in bitcoin's shadow. Under owned, unloved and losing "fans"
• Gold looks like $1,250-$1,255
• Will a bitcoin "top" (ha ha) result in a rush back to gold?
• 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