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.

1/3/18 Closing Prices:

Bitcoin: $15,041.85 (+$1277.85) Gold: $1,315 (-$3) Dow Jones Industrials: 24,922.68 (+98.67) S&P 500: 2,713.06 (+17.25) Nasdaq Composite: 7,065.53 (+58.63)

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

Trading Summary Notes for Wednesday, 1/3/2018

• BITCOIN hangs around $15,000. Is this "home" for a while?
• Bitcoin jumped up yesterday on news Peter Thiel (Founders Fund) was a big buyer
• Might be (??) a few days of low volatility.
• Another big year for bitcoin coming. Next stop $30,000
• GOLD softens after breaking out over $1,300. Backs off a couple of bucks
• Breakout above $1,300 significant. Here comes $1,350 on this move
• 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