BITCOIN TO BREAK $3000; Time to Buy Gold? YES, YES YES

Bitcoin Gold

Welcome to our new streamlined format for Bitcoin vs Gold (and beyond) and look for additional changes over the coming weeks, including a new logo and more. 

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.

6/6/17 Closing Prices:

Bitcoin: $2,877.28 (+$282.95)
Gold:
 $1,293 (+$14.00)
Dow Jones Industrials: 21,136.23 (-47.81)
S&P500: 2,429.33 (-6.77)
Nasdaq Composite: 6,275.06(-20.63)

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

Trading Summary Notes for Tuesday, 6/6/2017:

  • Bitcoin heading for $3,000
  • Bitcoin momentum building again.
  • Bitcoin dip buyers look for $2450-$2500
  • Gold starting to gain momentum & breaking out
  • Bought gold @ $1291
  • Gold near term price target $1375-$1395
  • Gold has support @ $1240-$1250

NEW POSITION: Long Gold at $1291

Current Position: Long Bitcoin and Long Gold