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.

12/11/17 Closing Prices:

Bitcoin: $16,523.41 (+$474.10) (from Friday's close) Gold: $1,243 (-$5) (from Friday's close) Dow Jones Industrials: 24,386.03 (+56.87) S&P 500: 2,659.99 (+8.49) Nasdaq Composite: 6,875.08 (+35.00)

Trading Summary Notes for Monday, 12/11/2017

• BITCOIN rallies back to Friday's close
• Bitcoin futures debut in light, confused trading. Short yet??
• WAY to much hype and uncertainty. Step back and let things settle down
• Six months ago....."what is bitcoin". Now, "I heard about it and I want it"
• GOLD drops again. Test of $1,200? At least $1,205-$1,210
• Gold investors (current and potential) switching to BTC
• 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