April 26 Market Update
New Home Market Up 20%
As of 9 a.m. EDT Monday, gold was at $1,785.20.
The new house market saw a boom in March, garnering the highest sales since 2006. New single-family home purchases increased by 20.7% in March, exceeding economists’ expectations.
Medical experts reaffirmed support for the Johnson & Johnson vaccine on Friday, making way to suspend the previously enacted pause. Eased travel restrictions are being discussed by European officials, indicating that domestic and international markets may see an influx of summer travelers.
Bitcoin rose about 12% Monday, hitting $53,000. The upward move was bitcoin's best intraday gain since February. The 10-year Treasury yield rose, but still sits below 1.6%.
Reportedly, a second silver squeeze is planned for May 1, the anniversary of the May Day Massacre of 2011. The trading day after the first silver squeeze in January 2021, silver jumped over 10% intraday and closed the day up 7%.