Gold Inches Up, Bitcoin Bounces a Little

Bitcoin vs Gold (3/27/17)

Gold Bitcoin

FintekNews is comparing the price of bitcoin and 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 Monday, 3/27/17

  • Bitcoin shrugged off early selling, bounced a little
  • No clarity yet on potential ‘hard fork’.
    Stay away for now. See our op-ed for further insight.
  • Gold inches higher. Working through resistance
  • Slightly bullish with a close above $1255. Upside target $1300-$1325
  • IF going long gold, use a stop ($1230?)

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)
BITCOIN-GOLD: $2K $3K? Published 8/17/16)