Bitcoin OUI (yes), Gold NON (no)

Bitcoin Gold

Welcome to our new streamlined format for Bitcoin vs Gold 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. 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.