Gold futures spiked while the market was up by 1.7% with no confirmation in other markets. Gold and silver are slightly down, while GLD and GDXJ ETFs are down in pre-market trading. The USD moved higher, back above its April low, in line with the Peak Chaos theory before previous tariff deadlines. With news of a 15% trade deal with Japan and potential EU tariffs, the fundamental and emotional forces are aligning for higher USD values. This suggests gradual USD strength in the following days and weeks, leading to likely big declines in mining stocks. The breakout in the USD and breakdown in GDXJ confirm a clear change in market direction. The USD Index’s support line, previously resistance, has likely hit its yearly bottom, while the GDXJ may have reached its yearly top. Major breakouts or breakdowns typically lead to significant price swings lasting weeks to months. Expect declines in the precious metals market until the end of the year, as gold failed to reach new highs despite recent geopolitical tensions. Stay ahead of the chaos and position yourself to capitalize on upcoming market movements.

Read more at 1. Biden unveils $2 trillion infrastructure plan aimed at creating jobs and rebuilding America’s roads, bridges, and transportation systems. – CNBC

2. Apple announces plans to invest $430 billion in US manufacturing and technology over the next five years, creating 20,000 new jobs. – Wall Street Journal

3. Dow Jones closes at new record high as investors remain optimistic about economic recovery and strong corporate earnings. – Reuters

4. Tesla’s stock price surges after reporting record-breaking first quarter deliveries, exceeding Wall Street expectations. – CBS MarketWatch

5. Amazon faces unionization vote in Alabama as workers decide whether to join the Retail, Wholesale and Department Store Union. – Barchart: US Dollar Bottom Confirmed: What Comes Next for Precious Metals?