Carley Garner, a futures and options broker at DeCarley Trading, recently discussed gold and Bitcoin relative to the dollar index futures with Daniela Cambone with Kitco News.

Kitco News and Futures Broker Carley Garner

 


Earlier in the year, there was some debate as to whether cryptocurrencies, particularly Bitcoin, would be replacing gold as an alternative currency.  At the time, the price of gold and Bitcoin were trading in opposite directions of one another; Bitcoin had spent the month of December 2017 exploding in parabolic fashion to a value of $20,000 per coin. At the same time, gold had seemingly lost all of its luster hovering just over $1,100.  As we head into mid-2018, we are in a completely different environment. We are still seeing the price of gold and Bitcoin trading in opposite directions, but this time it is gold that is shining and Bitcoin is struggling to prove its value to the markets.  Going forward, we tend to believe both gold and Bitcoin will become more positively correlated.  Specifically, both quasi-currencies will likely suffer as the greenback gains value. 

You can view the archive of this video interview by clicking here. 

 

Futures and Options Trading Booksby Carley Garner

What People are Saying about Our Commodity Trading Books

Choosing a Futures Broker and Brokerage Service

Full-Service or Online Trading?

The decision to trade online or through a full-service commodity broker will undoubtedly make a large impact on your bottom line.

Learn More

A Fair Commission Rate vs. Low Commission

To look at commission rates objectively, we must understand the background of the futures industry and how brokerages accept risk for fees.

Learn More

Choosing a Commodity Brokerage Firm

Deciding on a commodity brokerage firm is a significant decision and shouldn’t be taken lightly. Not all traders and brokers are compatible.

Learn More

Choosing a Futures and Options Broker

Most traders in search of a futures broker are concerned primarily with trading platforms, commission, and quality guidance.

Learn More

The Truth about Futures Commission

The goal of futures trading should be to MAKE money, not SAVE it! Discount commodity brokers cut corners that cost their clients time & money.

Learn More

Commodities via Futures or ETFs?

A key difference to trading commodity futures over ETFs is leverage, but there is more to discuss, such as taxes, market hours, and efficiency.

Learn More