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.

10/19/17 Closing Prices:

Bitcoin: $5,721.63 (+$546.92) Gold: $1,289 (+$8) Dow Jones Industrials: 23,163.04 (+5.44) S&P500: 2,562.10 (+0.84) Nasdaq Composite: 6,605.07 (+19.15)

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

Trading Summary Notes for Thursday, 10/19/2017

  • BITCOIN rockets up as a "risk on" trade. PBOC (Peoples Bank of China) makes scary markets comments
  • CORRELATION? Equities sell off, bitcoin rallies. Markets firm up, bitcoin softens
  • Looks like (for now) bitcoin is trading like a flight to safety
  • Bitcoin traders; Sell the 'pop', buy the 'drop'. Long term traders..........yawn
  • GOLD rallies back up toward $1,300. That's resistance now.
  • Same comment above apply to gold
  • May test the $1,250-$1,255 area. Lets be a buyer in that area
  • LONG TERM BULLISH ON BITCOIN AND GOLD

C

urrent TRADING Positions: NO current TRADING positions

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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