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.

12/29/17 Closing Prices:

Bitcoin: $14,486.37 (+$75.08) Gold: $1,303 (+$8) Dow Jones Industrials: 24,719.22 (-118.29) S&P 500: 2,673.61 (-13.93) Nasdaq Composite: 6,903.39 (-46.77)

Trading Summary Notes for Friday, 12/29/2017

• BITCOIN holds steady in the mid $14,000 range.
• Bitcoin had a great year and now resting till 2018...........like, next week
• Global regulators trying to "jaw bone" and sabre rattle" bitcoin and "scare" traders
• "Trash talking" bitcoin doubters are not having much of an effect. Still, step back for a period of time
• GOLD broke through resistance at $1,300
• Next stop $1,350
• 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