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. FintekNews uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.
5/11/17 Closing Prices:
Bitcoin: $1,850.39 (+$69.47) Gold: $1,224 ($+5.00) Dow Jones Industrials: 20,919.42 (-23.69) S&P 500: 2,394.44 (-6.19) Nasdaq Composite: 6,115.96 (-13.18)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Tuesday, 5/11/17:
- Bitcoin continues rocket ride up to all time highs
- Near term price target.............SKY? Uncharted territory up here.
- RAISING SELL STOP TO $1735-$1750 FROM $1680-$1690
- Long term bullish on bitcoin
- Gold still in the doldrums and adrift. No reason to won gold
- Stay short gold. Near term price target $1175-$1185
- LONG BITCOIN/SHORT GOLD
Past Market
Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here
We wrote an article (8/17/16) going on the record saying bitcoin will outperform gold
throughout the future. We continue that call.