Toronto stocks are mixed Monday, as bulls and bears battle to a draw. At midday the S&P/TSX composite index is up 11.51 points at 7,126.16.

Market volume is on the light side at 102.7 million shares, with the buying ahead of the selling by about 17:7. Market breadth favours the bulls too, with winners outnumbering losers 17:14.

On a sector basis the market is fairly evenly split. The techs are seeing some profit-taking, as are health care stocks and consumer discretionary names. Golds are making some big gains though as the U.S. dollar slumps and the metal’s price sees gains. Materials, diversifieds and energy are stronger, too.

Cinram International continues to bask in the glow of its $1 billion deal for AOL’s disc business. It is up another 10% in heavy trading of 3.3 million shares, as traders continue to applaud the deal.

Golds are rallying as a group, led by 2.2% gains in Placer Dome and 2% in Barrick Gold. Miramar Mining, Bema Gold, Golden Star Resources, Wheaton River Minerals, Agnico Eagle, Meridian Gold, Glamis and Eldorado Gold are all rallying behind the commodity.

On the downside, there is weakness in techs such as Celestica, ATI, JDS Uniphase and Geac Computer. No specific sin here, just traders cashing out profits. The same feeling is hitting Biovail and Westport Innovations. Biovail was also the subject of a Wall Street Journal story regarding its drug marketing practices.

Other losers include Bombardier, Magna International, EnCana and Royal Bank.

In New York, stocks are sliding due to some weakness in tech and telecom issues. Traders seem to suspect that those sectors’ recent gains are overdone. The Dow Jones industrial average is down 110 points as a result to 9,078. The S&P 500 is 16 points lower at 977. The Nasdaq composite index is off 32 points at 1,676.

The S&P/TSX Venture index is bucking the trend, gaining three points to 1,117. Volume is decent at 16.1 million shares, led by Blackstone Ventures, which is up a penny at 18.5¢ on more than 2 million shares traded.