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.

12/14/17 Closing Prices:

Bitcoin: $16,376.80 (-$886.64) Gold: $1,253 (-$2) Dow Jones Industrials: 24,508.66 (-76.77) S&P 500: 2,652.01 (-10.84) Nasdaq Composite: 6,856.53 (-19.27)

Trading Summary Notes for Thursday, 12/14/2017

• BITCOIN upside momentum stalling. Blame the futures?
• Bitcoin futures have created "new sellers" that did not exist before. Blunts upside moves
• CME bitcoin futures begin in a few days. Its a better product and will create more sellers
• BITCOIN looks very open to some downside. Way to frothy, Expect a sharp selloff
• GOLD steadies around $1,250.
• Gold will benefit if bitcoin falters. Also, 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