Welcome to our new streamlined format for Bitcoin vs Gold and look for additional changes over the coming weeks, including a new logo and more.
FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis. FintekNews uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.
4/28/17 Closing Prices:
Bitcoin: $1,329.97 (+$1.14) Gold: $1,268 (+$3.00) Dow Jones Industrials: 20,940.51 (-40.82) S&P 500: 2,384.20 (-4.57) Nasdaq Composite: 6,047.61 (-1.33)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Thursday, 4/28/17:
- Bitcoin finishes the week holding steady at all time highs
- Bitcoin UP $84.33 on the week (+6.8%)
- Bitcoin trend is still up and momentum intact
- Near term price target $1425-$1475
- Gold going nowhere. No momentum, no interest. "Dead money"
- Gold DOWN $17 on the week (-1.3%)
- Gold is over owned and its a crowded trade
- BITCOIN IS THE NEW GOLD for a “safe haven” trade
CURRENT POSITION: LONG BITCOIN
Past Market 
Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here
We wrote an article (8/17/16) going on the record saying bitcoin will outperform gold
throughout the future. We continue that call.