Surprisingly the gold market managed to spend a large portion of the early morning trade in positive territory and that is surprising considering the initial follow-through gains in the US equity market. Apparently weakness in the US Dollar countervailed the flight to quality liquidation tilt, which could have left gold prices sharply lower. With gold managing to waffle around both sides of unchanged it was clear that neither the bulls nor the bears were in full control of the trade. However, just ahead of mid session equity prices were weakening moderately and many gold bugs were hopeful that the afternoon trade would bring sharply lower equity pricing and a slight return of flight to quality buying interest in the gold market. On the other hand, the gold bears were hopeful that the implementation of the US bailout package would continue to restrain safe haven buying interest in gold.