WE HOPE YOU ENJOY OUR NEW FORMAT FOR BITCOIN VS GOLD, INCLUDING A LINK TO THE NEW CME ETHEREUM INDEXES!

By Bill Taylor, Contributor

We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.

5/31/18 Closing Prices:

Bitcoin: $7,540.07 (+$65.12) Ethereum: $571.87 (+7.89) Gold: $1,300 (-$2) Dow Jones Industrials: 24,415.84 (-251.94) S&P 500: 2,705.27 (-18.74) Nasdaq Composite: 7,442.12 (-20.34)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index CME ETH_RR_USD Ethereum Reference Rate & CME ETH_RTI_USD Ethereum Real Time Index

Trading Summary Notes for Thursday, 5/31/2018

  • Uncertainty, geopolitical events, dollar, interest rates, etc not moving markets currently
  • Cryptos (BITCOIN, ETHEREUM) stalled with lack of interest. “Dead money” for a while?”
  • GOLD moving up and down slightly around $1,300. No conviction right now
  • Trading ranges getting smaller as trading interest dries up. Summer already?
  • Choppy (not volatile) markets may be here for a while
  • Currently neutral on gold, long term bullish on BTC & ETH

CURRENT TRADING POSITION:

LONG BITCOIN

Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor to FintekNews