A Hidden Pivot at 428.50 is my minimum downside target for the near-term, and you could bottom-fish there aggressively with a tight stop-loss if the Gold Bugs Index takes the implied dive. If the support is exceeded by more than a point, though, expect the weakness to continue to at least 416.43 (which can also be bottom-fished). Alternatively, it would be very bullish if HUI aborts the downtrend and prints above 471.74 today or tomorrow.