BITCOIN, “IT WON’T DIE”, JUMPS SHARPLY; GOLD SLUMPS & RESTS (9/6/17)

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.

9/6/17 Closing Prices:

Bitcoin:  $4,590.70  (+$210.65)
Gold:  $1,334  (-$8.00)
Dow Jones Industrials:  21,807.64  (+54.33)
S&P 500:  2,465.54  (+7.69) 

Nasdaq Composite:  6,393.31 
(+17.74)

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

Trading Summary Notes for Wednesday, 9/6/2017

  • BITCOIN heads back toward $5,000. Bitcoin just won’t stay down
  • Same story, “Buy the Dips” on Bitcoin. $4,100-$4,200? Good place
  • GOLD settles slightly lower. Taking a breather
  • Gold very under owned with demand picking up. Geopolitical events helping
  • GOLD upside target of $1,350. That’s for short term traders and may be low
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:  LONG GOLD

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here