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.

11/29/17 Closing Prices:

Bitcoin: $10,761.50 (+$863.09) Gold: $1,285 (-$9-) Dow Jones Industrials: 23,940.68 (+103.97) S&P 500: 2,626.07 (-0.97) Nasdaq Composite: 6,824.39 (-87.97)

Trading Summary Notes for Wednesday, 11/29/2017

• BITCOIN rockets thru $10K, then $11K.........then dives back under $10K
• Bitcoin enjoying the Consensus NY event with a "bullish bounce". Always happens
• Crypto volatility is off the charts. Short term bitcoin high?
• Talk of $40K bitcoin, $100K bitcoin AND $1M bitcoin is a touch scary.
• Long term bitcoin holders should be OK, short term traders maybe not so much
• GOLD settles back down a little
• Gold bumping resistance at $1,295-$1,300
• Gold is under-owned, over looked and in the shadow of bitcoin
• Gold WILL be the surprise move to the upside. Upside target $1,350
• 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