HUI looks like a good bet to reach 361.53, and possibly 393.88, although the move would be delayed if Comex Gold falls to the 894.80 target projected in today’s tout.  A likely place for the implied consolidation to occur would be down around 301.65, the Hidden Pivot midpoint associated with the lower rally target.  If HUI were to pull back to that number, we’d be buyers of the index itself, since options on this vehicle are so dead as to be useless. Typically, we would put on calendar spreads at the 360 strike, using long-date options or even LEAPs for the long side of our position.