BITCOIN. New (Next) Leg UP? GOLD Solid. Picking Up Investors (1/5/18)

Bitcoin Gold

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.

1/5/18 Closing Prices:

Bitcoin:  $15,984.76 (+$1376.58) 
Gold:  $1,319  (-$3) 
Dow Jones Industrials:  25,295.87  (+220.74)
S&P 500:  2,743.15  (+19.16)

Nasdaq Composite:  7,136.56  (+58.64)

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

Trading Summary Notes for Friday, 1/5/2018

  • BITCOIN gaining strength. Next leg up beginning?
  • NEW TRADING POSITION; BOUGHT BITCOIN AT $15,040.00
  • New January bitcoin futures have large (?) short interest. Shorts need to cover before expiration
  • Next move up should take out previous highs. Target: $30,000
  • GOLD GOLD GOLD. Beginning a significant move higher
  • Gold is in a strong uptrend. Looking at $1,350 near term
  • A big story for 2018? Inflation led by strong wage increases
  • Gold is under owned and under loved. Don’t be short gold
  • Top 2018 “HOT” picks………..both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD

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

Read our PRIOR daily commentaries on Bitcoin vs Gold here