BITCOIN Softens Even More, Under $14K; GOLD Sprints Ever Higher (1/12/18)

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.

1/12/18 Closing Prices:

Bitcoin:  $13,824.25  (-$226.12)
Gold:  $1,339  (+$17.00)
Dow Jones Industrials:  25,803.19  (+228.46)
S&P 500:  2,786.24  (+18.68)

Nasdaq Composite:  7,261.06  (+49.28)

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

Trading Summary Notes for Friday, 1/12/2018

  • BITCOIN selling continues. Lots of uncertainty weighing on investors
  • Worries? South Korea may ban crypto trading. China cracking down on miners. Regulators trying to tamp down speculation (usually doesn’t work for long)
  • No new reasons to buy bitcoin. Traders piling into global equities?
  • Bitcoin needs a break from all the hype. Normal settling down activity
  • GOLD, GOLD GOLD…….big leap higher
  • Near term price target of $1,350 almost here.
  • Inflation talk starting to pick up. Bullish for gold
  • A big story for 2018? Inflation led by strong wage increases.
  • Top 2018 “HOT” picks………..both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD


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

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