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.

1/2/18 Closing Prices:

Bitcoin: $13,764.00 (-$732.27) (from last Friday 12/29) Gold: $1,318 (+$15) (from last Friday 12/29) Dow Jones Industrials: 24,824.01 (+104.79) S&P 500: 2,695.79 (+22.18) Nasdaq Composite: 7,006.90 (+103.51)

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

Trading Summary Notes for Tuesday, 1/2/2018

• BITCOIN enters 2018 holding $12K-$13K support. Climbs later after London fix
• Peter Thiel (early Facebook investor) and his Founders Fund big bitcoin buyer
• Bitcoin get more credibility from Thiel. "Smart money" versus "non-believers"
• Another big year for bitcoin coming? Hmmmmm, $30,000?
• GOLD beginning a new move higher.
• Breakout above $1,300 significant. Here comes $1,350
• Gold is under owned and under loved. Don’t be short gold
• Top 2018 “HOT” picks………..both BITCOIN & 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