BITCOIN-Gotta Have It; GOLD-Not So Much

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.

5/18/17 Closing Prices:

Bitcoin: $1,834.59 (+$2.92)
Gold:
 $1,248 (-$12.00)
Dow Jones Industrials: 20,663.02 (+56.09)
S&P 500: 2,365.72 (+8.69)
Nasdaq Composite: 6,055.13 (+43.89)

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

Trading Summary Notes for Friday, 5/18/17:

  • Bitcoin…….Have to be on board
  • Re-Established LONG BITCOIN with buy @$1825
  • With Brazil, Venezuela, politics, etc bitcoin looks higher.  Bitcoin new safe haven (worldwide) in place of gold
  • Bitcoin near term upside price target? Just UP
  • Gold is over owned and disappointing to any new buyers
  • Gold………dead money……..avoid

NEW Current Position LONG BITCOIN

Past Market

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here