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.

5/18/17 Closing Prices:

Bitcoin: $1,834.59 (+$2.92) Gold: $1,248 (-$12.00) Dow Jones Industrials: 20,663.02 (+56.09) S&P 500: 2,365.72 (+8.69) Nasdaq Composite: 6,055.13 (+43.89)

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

Trading Summary Notes for Friday, 5/18/17:

• Bitcoin.......Have to be on board
• Re-Established LONG BITCOIN with buy @$1825
• With Brazil, Venezuela, politics, etc bitcoin looks higher. Bitcoin new safe haven (worldwide) in place of gold
• Bitcoin near term upside price target? Just UP
• Gold is over owned and disappointing to any new buyers
• Gold.........dead money........avoid

NEW Current Position LONG BITCOIN

Past Market

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here