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.

11/8/17 Closing Prices:

Bitcoin: $7,506.10 (+$470.78) Gold: $1,281 (+$5.00) Dow Jones Industrials: 23,563.36 (+6.13) S&P 500: 2,594.38 (+3.74) Nasdaq Composite: 6,789.12 (+21.33)

Trading Summary Notes for Wednesday, 11/8/2017

• BITCOIN spikes as the anticipated fork (split) get called off
• Bitcoin hits $7,700 before dropping back. Short squeeze?
• After starting to consolidate gains, fork news creates a huge spike
• Now what? Stabilize? Personally, look for a bit more softness and consolidation
• GOLD lost in the "woods".
• Yesterday's slight sell off reverses today. Merry-go-round action
• Still thinking gold want so go UP. Needs a reason and momentum investors
• LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION: LONG GOLD

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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