BITCOIN $4,000?; ETH $250?; GOLD $1,200?; Its Starting to Look Ugly (6/27/18)

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.

6/27/18 Closing Prices:

Bitcoin: $6,063.64 (-$110.08) Ethereum: $427.01 (-$17.32) Gold: $1,252 (-$6) Dow Jones Industrials: 24,117.59 (-165.52) S&P 500: 2,699.63 (-23.43) Nasdaq Composite: 7,445.08 (-116.54)

Trading Summary Notes for Wednesday, 6/27/2018

• BITCOIN, ETHEREUM (Cryptos) & GOLD can't muster any kind of rally
• Be careful jumping on a trap door. They open really fast
• Cryptos, BTC, ETC may be on the verge of a "selling climax". Capitulation?
• BTC $4,000, ETH $250, GOLD $1,200?
• Selling capitulation creates marvelous buying opportunities
• Crypto fundamentals are solid and intact. "Fake News" will say otherwise, ignore it
• GOLD trading down on interest rate hike fears
• Trade disputes, currency wars, inflation fears being ignored....for now
• Next stop for gold looks like $1,220-$1,225
• Long term bullish on BTC, ETH and GOLD. Fundamental story intact

CURRENT TRADING POSITION:

NO CURRENT TRADING POSITIONS

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