BITCOIN Simmers Down, Hanging Around $15K; GOLD Moving on Up. Go Gold (1/4/18)

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.

1/4/18 Closing Prices:

Bitcoin:  $14,608.18  (-$433.67) 
Gold:  $1,322  (+$7) 
Dow Jones Industrials:  25,075.13  (+152.45)
S&P 500:  2,723.99  (+10.93)

Nasdaq Composite:  7,077.92  (+12.38)

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

Trading Summary Notes for Thursday, 1/4/2018

  • BITCOIN experiencing holiday season, blah news and short term malaise
  • Looks like $15,000 will be bitcoin’s “home” for a bit
  • Might be (??) a few days of low volatility
  • Get ready. Next stop $30,000
  • GOLD is in a strong uptrend. Looking at $1,350 near term
  • 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