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.
4/27/18 Closing Prices:
Bitcoin: $9,231.12 (+$428.30) Gold: $1,324 (+$6) Dow Jones Industrials: 24,311.19 (-11.15) S&P 500: 2,669.91 (+2.97) Nasdaq Composite: 7,119.80 (+1.12)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Friday, 4/27/2018
- BITCOIN continues to rest and consolidate Back up over $9,000
- Rumors have a large block of bitcoin hanging over the market
- Potential large block being shopped at 5%-10% discount. When seller is cleaned up looking for $12,000-$12,500
- GOLD holds our support at $1,315-$1,320. Rallies above that
- Major gold endorsement from DoubleLine CEO Jeff Gundlach
- Inflation is being vastly under estimated. Inflation very bullish for gold
- Looking for GOLD to move to $1,395-$1,400
2018 TOP PICKS……LONG BITCOIN AND GOLD