Compiled 10/13/11 6:00 AM (CT) Statistics: London Gold Fix $1,674.00 -$8.00 LME Copper Stocks 453,100 tons -3,900 GOLD MARKET FUNDAMENTALS: (6:00 AM CST) Generally positive news on the European debt crisis has supported the gold market so far this week, even though nothing concrete has really been accomplished. What we have seen have been statements of agreement from the leaders of Germany and France, other member countries (including Slovakia) and the EU itself pledging to recapitalized European banks and allow the next tranche of aid to Greece. This has stemmed the flight to quality into US Treasuries and allowed money to return to riskier assets like equities and commodities, including precious metals. Physical demand for gold appears to have picked up this week following last week's holidays in China, and more is expected as the wedding season in India approaches. But, buying interest for physical gold eased overnight, possibly in response to the 2% gain in prices so far this week. The gold market also reacted poorly overnight after China's export data came in at less than forecast, as the trade now expects China to move to restrain the Yuan. The G20 meeting in Paris this weekend will provide further opportunity for the world's economic leaders to talk up support for Europe. The recent Fed meeting notes indicating that members wanted to keep further asset purchases as an option shows a willingness to risk inflation in support of economic growth. Ultimately, this type of policy could provide support to gold and other commodities. South Africa's gold output fell by 19.7% from a year ago in August. Comex Gold Stocks were 11.118 million ounces down 514. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CST) Early indications are that US equity markets will open close to unchanged levels later on today. The US Dollar is stronger against most of the major currencies, although posting a loss versus the Yen. The Chinese Trade surplus during September was 14.51 billion Dollars, a smaller surplus than projections. German CPI during September was up 2.6% year-on-year, in line with market expectations. The UK Trade deficit during August was 7.77 billion Pounds, a smaller deficit than forecasts. Major US economic numbers to be released this morning include Weekly Jobless Claims and the August International Trade Balance at 7:30 AM. In addition, Fed Regional President Kocherlakota will give a speech during the session.