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.

12/4/17 Closing Prices:

Bitcoin: $11,348.88 (-$392.46) Gold: $1,277 (-$3) Dow Jones Industrials: 24,290.05 (+58.46) S&P 500: 2,639.44 (-2.78) Nasdaq Composite: 6,775.37 (-72.22)

Trading Summary Notes for Monday, 12/4/2017

• BITCOIN, after huge weekend gains, gives a little back
• Before it goes to $1M (?) it will need to pass $12K. Looks like it will too
• Bitcoin selling is extremely limited. The higher it goes the more sellers (if any) hold
• Next stop $15K.
• Cboe to launch bitcoin futures next week. CME Group on the 18th. Allows a way to short bitcoin
• GOLD in very tight trading range………….$1,270- $1,300
• Gold eases a little bit. Perhaps another run/test of $1,300 coming?
• Gold WILL be the surprise move to the upside. Upside target $1,350
• 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