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.
11/10/17 Closing Prices:
Bitcoin: $6,811.25 (-$373.01) Gold: $1,276 (-$10.00) Dow Jones Industrials: 23,422.21 (-39.73) S&P 500: 2,582.30 (-2.32) Nasdaq Composite: 6,750.94 (-0.89)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Friday, 11/10/2017
- BITCOIN continues sharp selloff after 'fork' (split) doesn't happen
- Bitcoin also under pressure on spread; Sell bitcoin/buy bitcoin cash
- BITCOIN rumor adds MORE pressure; Mt Gox creditors may see release of bitcoins held by bankruptcy trustee. Huge supply overhang may be for sale
- All of the above adds selling pressure. Expect more weakness
- GOLD locked in tight trading range.
- Gold suffering from lack of interest........for now
- Still thinking gold want so go UP. Needs a reason and momentum investors
- LONG TERM BULLISH ON BITCOIN AND GOLD
CURRENT TRADING POSITION: LONG GOLD
