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.

1/12/18 Closing Prices:

Bitcoin: $13,824.25 (-$226.12) Gold: $1,339 (+$17.00) Dow Jones Industrials: 25,803.19 (+228.46) S&P 500: 2,786.24 (+18.68) Nasdaq Composite: 7,261.06 (+49.28)

Trading Summary Notes for Friday, 1/12/2018

• BITCOIN selling continues. Lots of uncertainty weighing on investors
• Worries? South Korea may ban crypto trading. China cracking down on miners. Regulators trying to tamp down speculation (usually doesn't work for long)
• No new reasons to buy bitcoin. Traders piling into global equities?
• Bitcoin needs a break from all the hype. Normal settling down activity
• GOLD, GOLD GOLD.......big leap higher
• Near term price target of $1,350 almost here.
• Inflation talk starting to pick up. Bullish for gold
• A big story for 2018? Inflation led by strong wage increases.
• 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