OH WOW!! BITCOIN EXPLODES HIGHER. GOLD SETTLES LOWER. (8/14/17)

Bitcoin Gold

Welcome to our new streamlined format for Bitcoin vs Gold (and beyond) and look for additional changes over the coming weeks, including a new logo and more. 

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.

8/14/17 Closing Prices:

Bitcoin:  $4,269.25  (+$722.04)
Gold:  $1,282  (-$9.00)
Dow Jones Industrials:  21,993.71  (+135.39)
S&P 500:  2,465.84  (+24.82) 

Nasdaq Composite:   6,340.23 
(+83.68)

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

Trading Summary Notes for Monday, 8/14/2017

  • Another great weekend for bitcoin; tests and blows through $4,000
  • Hedge funds and ICO’s helping propel rapid rise
  • Bitcoin’s upside trajectory getting stronger.  $5,000 near term target in sight
  • After Bitcoin’s rapid rise use extreme caution in chasing offers
  • Gold falls back after testing upper resistance $1,290-$1,300
  • Getting more bullish on gold. Buy gold on dips against sell stop at $1,250
  • A gold close above $1300 would be very bullish. Next stop would be $1,350
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN

Past Market:



Read our PRIOR daily commentaries on Bitcoin vs Gold here

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