The Taylor Report-Bitcoin vs Gold vs Ethereum (6/17/19)

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By Bill Taylor, Contributor/Fintek Capital 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. 6/17/19 Closing Prices:Bitcoin:  $9,327.22 (+$56.76) Ether:  $273.56 (+$.28) Gold:  $1,340 ($-0-) DJIA:  26,112.53 (+22.92) S&P 500:  2,889.67 (+2.69) Nasdaq Comp:  7,845.02 (+48.37)Trading Summary Notes for Monday, 6/17/2019

  • BITCOIN has weekend gain of just about $1,000. The strong upside momentum is getting even stronger
  • Don’t be surprised (I won’t) if BTC goes right through that $10k round number
  • Take notice………this is a very powerful BITCOIN rally and a whole lot of people are being left out and watching it go up without them. FOMO 2.0
  • It goes without saying that ETH will be going along for “the ride.” It sure looks like $300 will “print” soon
  • Ah GOLD. It looks quiet and struggling just short of $1,350, BUT don’t be caught short (or out of the market). GOLD, even with is bigger market cap can explode up just like BTC
  • $1,400 very likely. Far beyond after that
  • BITCOIN, GOLD and even ETH are in a new kind of up market. Powerful

Current trading positions: LONG BITCOIN AND GOLD