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.

12/1/17 Closing Prices:

Bitcoin: $10,521.17 (+$1,168.67) Gold: $1,280 (-$5-) Dow Jones Industrials: 24,231.59 (-40.76) S&P 500: 2,642.22 (-5.36) Nasdaq Composite: 6,847.59 (-26.39)

Trading Summary Notes for Friday, 12/1/2017

• BITCOIN shakes off the sharp selloff and finishes way back above $10K
• Selling just evaporates. More new highs on the way?
• Bitcoin "dip buyers" came to the rescue. I'm a bull and I'm surprised
• GOLD firms up and perks up in a very tight trading range
• Gold in very tight trading range………….$1,270- $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