By Bill Taylor, CEO / Digital Wealth News and AI & Finance
DISCLAIMER: The opinions expressed below are solely those of Bill Taylor & do not represent those of DWN or any affiliates. Any financial advice included here is for entertainment purposes only.
Bullish for week of 2/18/25
BTC | ETH
Neutral for the week of 2/18/25
GOLD | S&P 500
Bearish for week of 2/18/25
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2/18/25 Closing Prices :
BTC: $94,067.09 | -1% | (Tue.-Tue.)
ETH: $2,629.52 | +1.3% | (Tue.-Tue.)
Gold: $2,900 | +1.26% | (Tue.-Tue.)
S&P 500: 6,129.58| +1% | (Tue.-Tue.)
Well, Valentines Day is gone. February is almost gone. Markets are dull. What’s left to look forward to? Hey, St. Patrick’s Day in March. Get that green beer ready.
First thing to address … what’s going on with gold? This is NOT “normal” price action. Yeah, I know the script. Inflation hedge, store of value, tariffs, central banks buying, etc. etc. blah blah blah. It’s still not “normal” action.
All of a sudden (or for the past few weeks) the price of gold has jumped higher and higher. In fact, prices here in NY are higher than in London. Odd. Which has resulted in traders actually flying gold from London to NY for the price discrepancy. But how did this happen? Short squeeze? Probably, at least partially. Why are shorts “panicking” (other than nobody likes to lose money of course).
Conspiracy thought: Elon Musk and the DOGE group are being called upon to audit the U.S. gold supply. That has been fought for years. Seems Treasury does not want an audit. Congress has been blocked from setting foot in Ft Knox for years. Why?
WHAT IF THE GOLD IS NOT THERE?? OR, NOT ALL OF IT, AT LEAST?? OMG.
Leave it to Elon and the DOGE detectives to find out. Ya never know.
It’s a short four day week and markets are quiet. The S&P 500 and gold are the de facto “winners” so far. Bitcoin and ETH have softened a bit. In fact, all the financial markets look like they have lost steam. The mood has become more pessimistic around all the tariff talk, inflation concerns and potential layoffs. As I’ve said, the “Golden Age of America” is coming………just not in the next few days. With nothing really happening it might just be time to cut risk and wait and see what’s next in the Trump playbook.
OR?
Avoid GOLD. Bad place to be a buyer, and if you have been long, congratulations. Ease on out. Something’s brewing and, like always, we will not be the first to know. NEUTRAL.
The S&P 500. Might be a good time to initiate some light short positions. Things look like they are going to get “bumpy.” Light short.
BITCOIN is a bit “mushy.’ It broke some support at $95K but did not trigger any big selling (at least so far). Still very bullish but it seems some of the buying is hesitant. Not ready to head back up, but not attracting big sellers either. BULLISH…..be patient.
ETH. Holding pretty nicely in the $2,400-$2,500 area. Staying BULLISH but may not go anywhere for a while.
FOOTBALL. RIP FOR THE PAST YEAR.
2025 TARGETS:
- BITCOIN 2025……..$175,000
- ETH 2025…………$4,500
- GOLD 2025……….?
- S&P 500 2025……..?
Current trading positions:
- LONG BITCOIN
- LONG ETH
- NEUTRAL GOLD
- NEUTRAL S&P 500
We compare the price of Bitcoin, Ethereum, Gold & the S&P 500. We use the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference as well as the London Bullion Market afternoon price settlement on the digital assets & gold.
Bill Taylor is CEO of Digital Wealth News. He is widely published & quoted in financial media and an international expert on markets and BTC, ETH, Gold & SP500.
His opinions are solely his own and for informative purposes only.
