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FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis. FintekNews uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.
4/24/17 Closing Prices:
Bitcoin: $1247.49 Gold: $1276 Dow Jones Industrials: 20,764 S&P 500: 2,374 Nasdaq Composite: 5,984
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Tuesday, 4/24/17:
- Bitcoin breaking out to upside. Momentum building strongly
- Bitcoin near term price target $1425-$1475 (may have to raise that)
- Gold acting VERY heavy.
- Gold near term price target $1300-$1325 (may not make that)
- I have a sell stop on gold @ $1265. Just missed today. USE A STOP FOR GOLD.
CURRENT POSITION: LONG BITCOIN, LONG GOLD
Past Market Performance:
Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here
We wrote an article (8/17/16) going on the record saying bitcoin will outperform gold
throughout the future. We continue that call.