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.

12/13/17 Closing Prices:

Bitcoin: $17,263.44 (+$169.00) Gold: $1,255 (+$11) Dow Jones Industrials: 24,585.43 (+80.63) S&P 500: 2,662.85 (-1.26) Nasdaq Composite: 6,875.80 (+13.48)

Trading Summary Notes for Wednesday, 12/13/2017

• BITCOIN hesitates, stalls and looks way to frothy and over owned (short term) Problem?
• Quick change of mind; SOLD BITCOIN AT $17,020. Time to watch out and stand away. Quick "flip"
• Cboe futures on bitcoin NOT a game changer
• CME bitcoin futures begin next week. Looks to be a better product
• GOLD roars to life on inflation talk.
• A bitcoin pause, or weakness, with inflation "speak" will have investors flock into 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