Upside - nothing doing until this market gets back above its 200 day moving average which, for now, is a selling zone for those looking to sell rallies in the metal.
Something must change to get fund flows coming back into the metal to get it moving higher.
The support level in solid red near 420 needs to hold or the HUI is going to sink all the way to 400 and even as possibly low as 390.
Value based buying can hold the support level if large enough in size but it cannot take the index strongly higher. That needs momentum players and they are busy chasing equities in other sectors right now.