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.

Sunday (after Thanksgiving) 11/26/17 Closing Prices:

Bitcoin: $9,099.06 (+$871.89) (from 11/22/17 Pre-Thanksgiving weekend)Gold: $1,288 (-$4.00) (from 11/22/17 Pre-Thanksgiving weekend)

11/22/17 Closing Prices:

Dow Jones Industrials: 23,526.18 (-64.65) S&P 500: 2,597.08 (-1.95) Nasdaq Composite: 6,867.36 (+4.88)

Summary Notes for Sunday, 11/26/2017

• WHOA. BITCOIN explodes up over the US long weekend
• New all time highs. Closing in on $10,000
• Frothy?? Ya think?? Seems there are just no sellers
• More to come? Big demand, no supply. Traders enjoy, be very careful
• GOLD "toying" with resistance at $1,295-$1,300
• Is gold about to “pop” through $1,300? I say YES
• Upside target $1,350.
• GOLD is NOT a crowded trade. Far from it…..its “under-owned”
• Gold WILL be the surprise move to the upside.
• 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