As the week progresses, we might see a bit of short-term strength with window-dressing before the end of the quarter.

The sector is meandering sideways.

Every time we have about three days of downtrend, you get one or two days of positive moves in the short trend.

We have a good short-term bounce here, but until we retest the 12,080 mark, we may see a bit of profit-taking coming in again because of the nervousness on the market.

Since gold prices are stuck in that range, gold-mining stocks are not going to move very much either.

Gold is not quite ready yet to move in the upward bias.