what effect does this have on gold

Bloomberg reports that S&P have changed credit rating outlook of Lehmans and Goldman Sach's to negative, and is considering reducing rating of bond insurer FGIC.

Interesting that this came out Friday while stockmarket was closed. What impact will this have on Gold Price?

Some speculate that gold rebounding off 904 was a dead cat bouncing, or is it the DOW that is the dead cat. I'm hoping the latter, and understand that profit taking leads to corrections, but to correct back to 850, 800 or even 700 means that Gold goes back to negative percentage gain in the biggest financial crisis to hit the US and by extension the world.

Does it make sense to anyone why Gold would begin a downward trend with people shorting Gold? Doesn't to me, but I'm no expert or chartist, and my point of re-entry into Gold is certainly questionable after the biggest weekly drop in 50 years - but I can't think of any other perfect opportunity to be buying Gold.

I also look at the rush to buy physical gold as a positive that the bottom has roughly been reached, and that there is a period of consolidation - although the news above about S&P's rating outlook tends to tell me that it could consolidate for a few days, but it's heading back up.

One analyst of Gold (can't remember the name) says to buy at all-time highs so the long-term trend is bullish, but a significant drop below 900 would say that the financial system and inflation is all dandy - that has to be wrong.

Also some chartists are saying that the US currency rebound is just a bear trap - if that is true, then the currency should begin declining again over the next week.

Interested in other people's opinions around S&P and the price of Gold.