The USD Index is in a consolidation phase, remaining above its declining support line, indicating a trend change. Meanwhile, the VanEck Junior Gold Miners ETF is below its rising resistance line, with bearish implications intact. Looking at historical tariff deadlines, markets anticipate last-minute flexibility from Trump. The USD Index bottomed before previous tariff deadlines, with markets front-running expected postponements. The current USD strength suggests markets view tariffs as bullish for the dollar. This shift in narrative may limit any potential USD weakness around August deadline communications. Analysis of mining stocks to gold ratio suggests a potential decline in precious metals in the coming weeks.

Stocks may be nearing a short-term top, with various factors, including rising tariffs, contributing to a possible downturn. Signals indicate a turnaround may be imminent, aligning with a potential bottom in the USD Index and tops in gold, silver, and mining stocks. Expectations point to a higher USD Index and lower precious metals and mining stocks. Consider entering positions to capitalize on the decline before it’s too late.

Read more at Investing.com: Tariff Timing and US Dollar Strength: Why This Cycle May Play Out Differently