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.

1/11/18 Closing Prices:

Bitcoin: $14,050.37 (-$95.61) Gold: $1,322 (+$4.00) Dow Jones Industrials: 25,574.73 (+205.60) S&P 500: 2,767.56 (+19.33) Nasdaq Composite: 77,211.78 (+58.21)

Trading Summary Notes for Thursday, 1/11/2018

• BITCOIN starting to 'buckle' under constant selling pressure
• SOLD BITCOIN TRADING POSITION AT $14,020. Always use stops
• Why is bitcoin under pressure? China clamping down on miners? South Korea banning trading? Money moving into global equities? Too many bullish longs? OR, ALL of the previous
• Selling is selling. May be time to sit back and watch for a while.
• GOLD picking up momentum and heading higher
• Commodity and metals markets picking up on inflation worries
• Looking at $1,350 near term
• A big story for 2018? Inflation led by strong wage increases. Very bullish for 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