bitcoin gold


WE HOPE YOU ENJOY OUR NEW FORMAT FOR BITCOIN VS GOLD, INCLUDING A LINK TO THE NEW CME ETHEREUM INDEXES!

By Bill Taylor, Contributor

We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.

6/7/18 Closing Prices:

Bitcoin: $7,688.24 (+57.47) Ethereum: $605.65 (-2.92) Gold: $1,298 (+$1) Dow Jones Industrials: 25,241.41 (+95.02) S&P 500: 2,770.37 (-1.98) Nasdaq Composite: 7,635.07 (-54.17)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index CME ETH_RR_USD Ethereum Reference Rate & CME ETH_RTI_USD Ethereum Real Time Index

Trading Summary Notes for Thursday, 6/7/2018

  • Talk of China trade compromises and optimistic U.S./N.K. summit possibilities have little to no effect on BITCOIN, ETHEREUM & GOLD.
  • With G7 talks this weekend coming up, traders staying away.
  • Summer trading doldrums setting in. No volatility and only choppy moves.
  • STRONG case can be made for BITCOIN, ETHEREUM and GOLD building longer term base at these levels.
  • Patience. Although beginning to look “interesting”, may have to look more long term rather than short term trade.
  • Turning positive on gold.
  • Long term bullish on BTC, ETH and gold.

CURRENT TRADING POSITION:

LONG BITCOIN



Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor to FintekNews