The gold market stated out slightly positive before slumping into negative ground in the mid morning action. However, the gold market was able to regain its footing in the early afternoon trade and climb back into positive ground. With yet another downside breakout in the Dollar in the afternoon trade it is possible that currency related action provided some lift to prices. However, with the equity market rocketing higher and the US data positive it is possible that gold shifted from an uncertain economic track back in the direction of growth and inflation. It almost seemed as if a reduction in concern toward Egypt provided gold and other physical commodity markets with some short covering impetus today.