Hey McDave --
No one answered your question, so here it is...
I will do this in layman's terms, since I don't know the technical way to explain it, but you'll get the point...
When pinpointing, your machine "senses" the "ground," and then looks for a signal that is "different" from the background "ground" signal. It sort of "ground balances" immediately, and then looks for a signal that is "different" (i.e. your target). However, if you enter pinpoint mode TOO CLOSE to your target, or on top of some other nearby target, the pinpoint mode takes this "target" as being the "ground," and "balances" accordingly. So, now, when you sweep over the ground on either side of the target, you get a "tone," since the detector is now "positive balanced" (from the target) and the ground is thus a "negative" response. Whereas, if you had entered pinpoint mode NOT on top of the target, but over clean ground, THEN, you would have been "balanced" to the ground, and when you swung over the target, you'd get the normal, positive response of target when the coil passed over it.
Again, I may be getting these terms wrong, but the point is, this is what is happening. The way to fix it is to find a nearby spot with "clean ground," and enter pinpoint mode over the clean ground, while holding the coil stationary. THEN, sweep the coil over the target, and the machine will respond properly. Some people will actually enter pinpoint mode with the coil in the air, to combat this problem, but I haven't tried it enough times to verify that it works. It seems to, but usually, I just move the coil a foot or two away from my target, and enter pinpoint mode, and then all is well. When I have the problem you described (sound on either side of the target, but no sound over the target), it's a clear signal to me that I have entered pinpont mode (and thus "balanced") over a target; just exit pinpoint mode, and re-enter, NOT over a target, and the machine will go back to responding correctly.
Hope this helps,
Steve