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.

11/16/17 Closing Prices:

Bitcoin: $7,469.72 (+$233.97) Gold: $1,279 (-$0-) Dow Jones Industrials: 23,458.36 (+187.08) S&P 500: 2,585.64 (+21.02) Nasdaq Composite: 6,793.29 (+87.08)

Trading Summary Notes for Thursday, 11/16/2017

• BITCOIN tacks on more gains. Negative press clippings ignored
• Expect a challenge to the old highs and a break above $8,000
• The bitcoin momentum is huge. Credibility gains every day.....Square is the latest to embrace "the coin"
• GOLD finishes unchanged. Basically neglected
• Stocks and cryptocurrencies stealing the activity in gold......for now
• Gold looking to break out above $1,300. Next stop $1,350
• LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION: LONG BITCOIN & LONG GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries on Bitcoin vs Gold here