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.

12/7/17 Closing Prices:

Bitcoin: $16,635.01 (+$3,809.07) Gold: $1,247 (-$17) Dow Jones Industrials: 24,211.48 (+70.57) S&P 500: 2,636.98 (+7.71) Nasdaq Composite: 6,812.84 (+36.47)

Trading Summary Notes for Thursday, 12/7/2017

• BITCOIN, BITCOIN BITCOIN. Too much froth and 'chatter'?
• Bitcoin hits $20k....or $19K.....depending on which exchange. Short term top?
• SOLD BITCOIN TRADING POSITION AT $17,150.
• Love bitcoin (long term hold) but when CNBC (US television station) says bitcoin every three minutes..........I take some profits. BTW, I LOVE profits
• GOLD, GOLD GOLD. Slowest/tightest trade since 2005
• Lots of reasons, BUT all the hype and trade is in the cryptos
• Gold breaking down. Test of $1,205-$1,210 may happen.
• Gold most overlooked asset class in the world. Buy low, sell high. I LIKE GOLD
• 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