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.

1/5/18 Closing Prices:

Bitcoin: $15,984.76 (+$1376.58) Gold: $1,319 (-$3) Dow Jones Industrials: 25,295.87 (+220.74) S&P 500: 2,743.15 (+19.16) Nasdaq Composite: 7,136.56 (+58.64)

Trading Summary Notes for Friday, 1/5/2018

• BITCOIN gaining strength. Next leg up beginning?
• NEW TRADING POSITION; BOUGHT BITCOIN AT $15,040.00
• New January bitcoin futures have large (?) short interest. Shorts need to cover before expiration
• Next move up should take out previous highs. Target: $30,000
• GOLD GOLD GOLD. Beginning a significant move higher
• Gold is in a strong uptrend. Looking at $1,350 near term
• A big story for 2018? Inflation led by strong wage increases
• 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