The Gold Bugs Index has rallied 33 points after bottoming within less than a point of a 504.27 correction target flagged here earlier. Short-term, there is about 5% of additional upside based on a Hidden Pivot target at 566.77 that is shown in the chart. Although yesterday’s sharp rally was not impulsive on the hourly chart, bulls should take encouragement from the fact that HUI  appears to be consolidating above the 535.92 midpoint pivot associated with the target.  Although we don’t ordinarily trade this vehicle, I’ll note nonetheless that the series of four ‘external’ peaks that I’ve labeled looks promising for traders who want to leverage a bullish bet on a B-C pullback from anywhere in their midst. You can learn to do this stuff yourself. Click here for details concerning the upcoming Hidden Pivot Webinar, where you’ll learn enough in just six weeks to kiss your guru goodbye.