Bitcoin Gold

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.

12/15/17 Closing Prices:

Bitcoin: $17,582.17 (+1205.37) Gold: $1,256 (+$3) Dow Jones Industrials: 24,651.74 (+143.08) S&P 500: 2,675.81 (+23.80) Nasdaq Composite: 6,936.58 (+80.06)

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

Trading Summary Notes for Friday, 12/15/2017

  • BITCOIN rallies into the weekend. CME Group futures debut Monday
  • The CME bitcoin futures contract is a better product and better price discovery
  • Will the "new" futures have a trading effect? Not for a while
  • Still very frothy and may be short term over owned. But will anybody sell?
  • GOLD inches higher and holds $1,250 area.
  • New inflation ‘chatter” will benefit gold
  • Gold is under owned and under loved. Don’t be short gold
  • LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION: Long GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries on Bitcoin vs Gold here