Bitcoin Gold


COMING NEXT WEEK - A WHOLE NEW FORMAT FOR BITCOIN VS GOLD! IN THE MEANTIME.....

By Bill Taylor, Contributor

We compare the price of Bitcoin, Gold & Major Market Averages on a daily basis, and use the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.

5/18/18 Closing Prices:

Bitcoin: $8,072.89 (-$240.63) Gold: $1,292 (+$2) Dow Jones Industrials: 24,715.09 (+1.11) S&P 500: 2,712.97 (-7.16) Nasdaq Composite: 7,354.34 (-28.13)

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

Trading Summary Notes for Friday, 5/18/201

  • Sellers taken over the BITCOIN trade. Too many longs in the world?
  • SOLD BITCOIN AT $8,190 ON STOP
  • More sellers than buyers may cause bitcoin to trade lower. $7,000-$7,500?
  • Bitcoin price ‘action’ not a positive currently
  • Higher dollar and fears of more interest rate hike hurting GOLD
  • Gold steadies at $1,285-$1,290. No interest in precious metals currently
  • Inflation fears/expectations, political uncertainties are being ignored
  • Neutral on gold; may see more weakness

CURRENT TRADING POSITION: NO CURRENT POSITIONS


CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time


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