Compiled 12/06/11 6:00 AM (CT) Statistics: London Gold Fix $1,720.00 -$22.00 LME Copper Stocks 390,100 tons +600 GOLD MARKET FUNDAMENTALS: (6:00 AM CST) After mostly failing to garner some lift from the initial risk-on environment yesterday morning, gold prices closed very weak, and that suggested that gold remained somewhat suspicious of a forthcoming solution to the EU debt crisis. It is also possible that the rise to last week's high left February gold technically and vulnerable to a combination of technical and fundamental selling. Some of the weak action yesterday was probably the result of less than stellar US scheduled data, and some might have been the result of the profit taking in the equity markets. In looking ahead to the session today, the market will be presented with a thin US economic report slate, with weekly private chain store sales being the main item. The trade could find something positive if the holiday shopping season kick-off was even stronger than the early hype has suggested. Comex Gold Stocks were 11.299 million ounces, up 469. This was their highest level in the past 10 sessions. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CST) While equity markets in Asia and Europe were generally lower during overnight trading, early indications are that the US markets will open with moderate gains today. The US Dollar is slightly weaker against most of the major currencies this morning. A major credit ratings agency warned that 15 nations in the Euro zone could face downgrade if EU leaders do not reach a substantive agreement to resolve their debt crisis by this weekend's summit meeting. Australia's Central Bank cut their benchmark interest rates by 0.25% today. Euro zone GDP during the third quarter was up 0.2%, in line with forecasts. The only major US economic numbers to be released this morning will be private store sales surveys released during the session. In addition, Fed Governor Tarullo will speak during the session.