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.

11/9/17 Closing Prices:

Bitcoin: $7,184.26 (-$321.84) Gold: $1,286 (+$5.00) Dow Jones Industrials: 23,461.94 (-101.42) S&P 500: 2,584.62 (-9.76) Nasdaq Composite: 6,750.05 (-39.06)

Trading Summary Notes for Thursday, 11/9/2017

• The BITCOIN "no fork" party is out of steam. Nice pop, all over
• Bitcoin back in the consolidation/retrenchment mode
• Now what? Stabilize? Personally, look for a bit more softness and consolidation
• GOLD pulls itself back up. Push to $1,295-$1,300
• Gold getting closer to resistance. A break above $1,300 leads to $1,350
• 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

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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