If there’s to be a hopeful sign, look for it at 439.27, the Hidden Pivot midpoint of a pattern that projects to as low as 348.74. My hunch is that a breach by as little as perhaps 1.50 points would send the Gold Bugs Index down to lows made two years ago in search of support. They come in around 380 and outweigh any Hidden Pivot supports that would apply beneath the midpoint.
