We've had a lackluster market in the past several days, so we might see the market at least get a grip on itself and try to muster a little bit of a short term upswing here.

Joe Ismail

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The sector is meandering sideways.

MeanderingSectorSideways

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.