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.

11/22/17 Closing Prices:

Bitcoin: $8,227.17 (-$114.73) Gold: $1,292 (+$12) Dow Jones Industrials: 23,526.18 (-64.65) S&P 500: 2,597.08 (-1.95) Nasdaq Composite: 6,867.36 (+4.88)

Trading Summary Notes for Wednesday, 11/22/2017

• BITCOIN struggling, eases off after big run up
• Another day, another bitcoin bull speaks out (P.S. I'm a long term bull)
• Is bitcoin a very crowded trade currently? It could be
• Bitcoin traders use caution......and stop orders
• GOLD leaps back up to resistance level ($1,295-$1,300)
• Is gold about to "pop" through $1,300? I say YES
• Upside target $1,350.
• GOLD is NOT a crowded trade. Far from it.....its "under-owned"
• Gold WILL be the surprise move to the upside.
• 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