BITCOIN Sleeps, Waiting For 2018; GOLD Breaks Out, Above $1,300. Go Gold! (12/29/17)

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.

12/29/17 Closing Prices:

Bitcoin:  $14,486.37  (+$75.08) 
Gold:  $1,303  (+$8) 
Dow Jones Industrials:  24,719.22  (-118.29)
S&P 500:  2,673.61  (-13.93)

Nasdaq Composite:  6,903.39  (-46.77)

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

Trading Summary Notes for Friday, 12/29/2017

  • BITCOIN holds steady in the mid $14,000 range.
  • Bitcoin had a great year and now resting till 2018………..like, next week
  • Global regulators trying to “jaw bone” and sabre rattle” bitcoin and “scare” traders
  • “Trash talking” bitcoin doubters are not having much of an effect. Still, step back for a period of time
  • GOLD broke through resistance at $1,300
  • Next stop $1,350
  • 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