Bitcoin Gold

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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.

7/18/17 Closing Prices:

Bitcoin: $2,337.87 (+$297.72) Gold: $1,242 (+9.00) Dow Jones Industrials: 21,574.73 (-54.99) S&P 500: 2,460.61 (+1.47) Nasdaq Composite: 6,344.31 (+29.87)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Tuesday, 7/18/2017

  • Bitcoin bounces off steep decline. Selling over?
  • Bitcoin rallies on reports of "agreement" between factions to avoid "hard fork" (split)
  • Reports for possible agreement MUST be considered a "rumor" till proven
  • Bitcoin NOT under “normal” trading. Aug 1st there STILL may be a “hard fork”. HUGE potential news. How will bitcoin react? Unknown
  • Until final resolution (Aug 1st) recommend staying neutral on bitcoin. Sidelines are safe.
  • Gold rallying on weak dollar.
  • Gold beginning to firm up and act nicely. Selling done? Ask the dollar.
  • Can be a buyer of gold on weakness. Use $1,205 as a sell stop point.
  • LONG TERM bullish on BITCOIN and GOLD.

No Current Trading Positions

Past Market:

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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