Bitcoin Launching; Gold Fizzling; Parity Coming

Bitcoin vs Gold (4/20/17)

Bitcoin Gold

FintekNews is comparing the price of Bitcoin vs Gold on a daily basis, utilizing the Chicago Mercantile Exchange’s (CME)two new bitcoin indexes (BRR & BRTI).

Read our prior daily commentaries on Bitcoin vs Gold here

Trading Summary Notes for Thursday, 4/20/17

  • Bitcoin momentum building, ready to take out all time highs
  • Bitcoin breaks out at $1250
  • Bitcoin near term price target $1425-$1475
  • Gold stuck in morass, momentum waning
  • Gold near term price target of $1300-$1325 may be in jeopardy
  • Use gold sell stop @$1265
  • Current position: LONG Bitcoin/LONG Gold

Look for “revamped” bitcoin vs gold site in coming days. Still can be found at FintekNews.

See additional bitcoin articles at FintekNews website.

Bitcoin vs. Gold Daily Pricing Chart

See other content on bitcoin & digital currencies here

* Prices are from CME’s BRR index as of 4:15 EST; gold as of 4:15 EST near term future
**  Inception began Aug. 17, 2016 (see FintekNews article)

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

We wrote an article (8/17/16) going on the record saying bitcoin will outperform gold throughout the future. The chart above compares the pricing on that date to the two most recent trading days, as reference.  We at FintekNews have written (and are on record) of saying that bitcoin will outperform gold in the future.

Please see following FintekNews articles for reference on pricing in graph:

BITCOIN-GOLD UPDATE (Published 10/26/16)