BITCOIN ROCKETS, Gold Sits, Bitcoin<>S&P Parity Soon?

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.

5/19/17 Closing Prices:

Bitcoin: $1,953.02 (+$118.43)
Gold:
 $1,255 (+$7.00)
Dow Jones Industrials: 20,804.84 (+141.82)
S&P 500: 2,381.73 (+16.01)
Nasdaq Composite: 6,083.70 (+28.57)

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

Trading Summary Notes for Friday, 5/19/17:

  • Bitcoin hits new all time highs
  • Bitcoin upside momentum extremely strong. BITCOIN/S&P 500 PARITY?
  • Bitcoin looks to break above $2,000
  • Gold continues to struggle. Dead money
  • No reason to own gold currently. Very crowded trade

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