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.
12/28/17 Closing Prices:
Bitcoin: $14,411.29 (-$853.08) Gold: $1,295 (+$7) Dow Jones Industrials: 24,837.51 (+63.21) S&P 500: 2,687.54 (+4.92) Nasdaq Composite: 6,950.16 (+10.82)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Thursday, 12/28/2017
- BITCOIN buyers have stepped back. Upward momentum has cooled
- SOLD BITCOIN TRADING POSITION AT $14,020. Let bitcoin settle down for now.
- New bitcoin futures are having a negative effect on bitcoin.......right now.
- Regulators are "sabre rattling" again. Selling pressure may persist for a while
- GOLD bumping up against resistance at $1,295-$1,300
- A breakout above $1,300 looks quite likely. 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