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.

11/15/17 Closing Prices:

Bitcoin: $7,235.75 (+$644.75) Gold: $1,279 (-$2.00) Dow Jones Industrials: 23,271.28 (-138.19) S&P 500: 2,564.62 (-14.25) Nasdaq Composite: 6,706.21 (-31.66)

Trading Summary Notes for Wednesday, 11/15/2017

• BITCOIN takes a big leap up. Gathering strength for assault on $8,000
• Buying the bitcoin "dip' works again. Momentum very strong
• Bitcoin looks like it will take out the old highs and crack $8,000.........SOON
• GOLD gives back a couple of dollars. Grinding up slowly
• Slightly higher interest rates BUT also hotter inflation news
• Gold looking to break out above $1,300. Next stop $1,350
• 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