The Gold Bugs Index looked like a good bet to fall to at least 469.69, the ‘D’ target of the corrective pattern shown, but yesterday’s upthrust was so robust, exceeding no fewer than four ‘external’ peaks on the hourly chart, that bulls could get a reprieve. If so, we should expect this vehicle to retrace a bit of the rally today and then take another leg up exceeding the labeled peak at 541.69.