The Taylor Report-Bitcoin vs Gold vs Ethereum (8/27/18)

Solid Weekend for BITCOIN, ETH and GOLD. All Have Gains, Especially GOLD


By Bill Taylor, Contributor/Fintek Capital

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.

8/27/18 Closing Prices:

Bitcoin: $6,722.45 (+$196.94) (from Friday’s close)
Ethereum: $276.22 (+$5.00) (from Friday’s close)
Gold: $1,210 (+$20) (from Friday’s close)
Dow Jones Industrials: 26,052.59 (+266.24)
S&P 500: 2,896.74 (+22.05)
Nasdaq Composite: 8,017.90 (+71.92)

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 Monday, 8/27/2018

  • BITCOIN, ETH and GOLD all have a solid weekend. BTC and GOLD the leaders
  • BITCOIN asserting itself as the leader of all crypto. Back to $8,500?
  • ETH barely moves. Dead money for now. Interest in ETH low
  • GOLD firmly above $1,200. Not backing off. Looks like GOLD has turned. $1,250?
  • Talk of inflation picking up and realization the dollar can’t go up forever helps GOLD
  • Long term bullish on BITCOIN and GOLD. Neutral on ETH.

CURRENT TRADING POSITION:  LONG BITCOIN and GOLD



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