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.

12/15/17 Closing Prices:

Bitcoin: $17,582.17 (+1205.37) Gold: $1,256 (+$3) Dow Jones Industrials: 24,651.74 (+143.08) S&P 500: 2,675.81 (+23.80) Nasdaq Composite: 6,936.58 (+80.06)

Trading Summary Notes for Friday, 12/15/2017

• BITCOIN rallies into the weekend. CME Group futures debut Monday
• The CME bitcoin futures contract is a better product and better price discovery
• Will the "new" futures have a trading effect? Not for a while
• Still very frothy and may be short term over owned. But will anybody sell?
• GOLD inches higher and holds $1,250 area.
• New inflation ‘chatter” will benefit gold
• Gold is under owned and under loved. Don’t be short gold
• LONG TERM BULLISH ON BITCOIN AND 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