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.
5/1/17 Closing Prices:
Bitcoin: $1,417.54 (+$87.57) Gold: $1,257 (-$11.00) Dow Jones Industrials: 20,913.46 (-27.05) S&P 500: 2,388.33 (+4.13) Nasdaq Composite: 6,091.60 (+44.00)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Thursday, 5/1/17:
- Bitcoin rockets to all time high. Momentum very strong
- Bitcoin near term price target $1425-$1475. May have to raise that target.
- Bitcoin goes to large premium over gold. Parity in rear view mirror.
- Gold lost all momentum. It is a VERY crowded sector with too many bulls.
- Gold is "dead money" and should be avoided.
- BITCOIN IS THE NEW GOLD for a “safe haven” trade
CURRENT POSITION: LONG BITCOIN
Past Market 
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.