HUI – Gold Bugs Index (Last:563.37)

A new rally target at 602.99 has emerged, somewhat lower than one previously identified here, and we can use it as a minimum upside projection for the near term.  The trek has hardly been easy, but the Gold Bugs index would be telegraphing a fresh burst of energy if it can close for two consecutive days above 572.62, the Hidden Pivot midpoint associated with the target.