HUI – Gold Bugs Index (Last:574.70)

Gold Bugs Index (HUI) price chart with targetsThe Gold Bugs Index has made balky progress toward a 604.70 rally target flagged here more than a week ago, but the Hidden Pivot now looks likely to achieved, and soon. That would refresh the bullish energy of the hourly chart by surpassing a daunting ‘external’ peak at 598.09 recorded on April 21, but it would take just a little more — specifically, a push above the look-to-the-left peak shown in the chart — to clinch significant new highs above early April’s 609.22.