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.

11/17/17 Closing Prices:

Bitcoin: $7,940.33 (+$470.61) Gold: $1,295 (+$16) Dow Jones Industrials: 23,358.24 (-100.12) S&P 500: 2,578.85 (-6.79) Nasdaq Composite: 6,782.79 (-10.50)

Trading Summary Notes for Friday, 11/17/2017

• BITCOIN, as forecast, hits $8,000. New highs just keep coming
• Bitcoin demand and credibility just keeps growing. Square, CME Group, etc
• After $8,000 bitcoin should have a little pause and consolidation. OR, $8,500 quickly
• GOLD springs to life with big jump. Testing $1,300
• Gold looking to break out above $1,300. Next stop $1,350
• As predicted, gold WILL be the surprise move to the upside
• LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION: LONG BITCOIN & LONG GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries on Bitcoin vs Gold here