Compiled 09/13/11 6:00 AM (CT) Statistics: London Gold Fix $1,806.00 -$37.00 LME Copper Stocks 466,000 tons +875 tons GOLD MARKET FUNDAMENTALS: (6:00 AM CST) The gold market has started the US Tuesday trade on a weaker footing and by doing so, the bull camp has to be somewhat discouraged. With funding rumors swirling toward a large French bank overnight, a less than impressive Italian auction result and ongoing declines in global equity markets, one could have expected flight to quality support for gold prices this morning. While the US currency has generally remained in favor, the lack of a fresh upside breakout in the greenback probably keeps the currency influence on gold prices moderated today. While the gold market hasn't been overly concerned about South African National Union of Mine workers wage negotiations at a Platinum mine, news of a possible impending wage settlement could be seen as an indirect but probably insignificant negative for gold prices. The press is still noting some buying interest on declines in gold prices and that probably served to increase the odds that December gold will find some measure of support around the last two week's low of $1,793.80 on the charts. Some traders are suggesting that German official dialogue in support of Greece is serving to undermine safe haven interest in gold, while others think that a lack of a run away crisis in the Euro zone is simply prompting long liquidation of gold positions. With weaker global equities again overnight, it is possible that gold selling to fund equity margin calls will be a story circulated in the press again today. Comex Gold Stocks were 11.560 million ounces up 3,968 ounces. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CST) While equity markets in Asia were mixed during overnight trading, stock indices in Europe are generally weaker this morning. Early indications are that US equity markets will open with moderate losses later on today. The US Dollar is moderately weaker against most of the major currencies this morning, although posting a gain versus the Pound. French CPI during August was up 2.4% year-on-year, higher than market forecasts. UK CPI during August was also up 4.5% year-on-year, in-line with projections. The UK Trade deficit during July was 8.9 billion, a larger deficit than expectations. Major US economic numbers to be released this morning include August Import & Export Prices at 7:30 AM, and private surveys of store sales released during the session.