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.

11/6/17 Closing Prices:

Bitcoin: $7240.04 (-$87.43) from Friday's close Gold: $1,281 (+$11) Dow Jones Industrials: 23,548.42 (+9.23) S&P 500: 2,591.13 (+3.29) Nasdaq Composite: 6,786.44 (+22.00)

Trading Summary Notes for Monday, 11/6/2017

• BITCOIN hits $7,500-$7,600 over the weekend. Settles back down today
• SOLD BITCOIN TRADING POSITION at $7,385. Profits are nice.
• Bitcoin should be expected to "back and fill" for a bit. Waiting for next big move
• We have asked this before………..”Where is bitcoin going? UP! $10,000? Yeah!”
• GOLD jumps up on Saudi purge/Mideast uncertainty
• OR, is the CME group getting ready to announce their RMG product is ready? Hmmmm!
• Gold looks very good and looks much higher.......after getting back through $1,300
• LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION: LONG GOLD

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here