Compiled 08/19/11 6:00 AM (CT) Statistics: London Gold Fix $1,862.00 +$67.50 LME Copper Stocks 463,625 tons +650 Shanghai Deliverable stocks were 112,014 tons -8,805 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) Silver continues to be pulled or dragged higher by the gold market. Certainly silver is seeing some influx of safe haven and flight to quality buying but with silver prices this morning still sitting roughly $8.00 an ounce below their 2011 highs and gold prices posting daily and hourly new record highs, one gets the impression that only a small fraction of flight to quality interest is drifting into silver. The silver market did see an inflow into silver derivative equity instruments yesterday but the fear of recession and slackening industrial demand has been a limiting or negative influence on silver and copper prices at times this week. September silver did manage to reach the highest level since August 4th overnight could be a sign that some traders are seeing silver as a relatively cheaper safe haven play than either gold or platinum. Comex Silver Stocks were 106.503 million ounces up 600,539 ounces. Comex Silver Stocks are at the highest levels since 12/09/2010. Stocks have increased 13 of the last 20 days. Comex Silver stocks are at their highest levels in the past 10. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia and Europe are generally weaker during overnight trading, early indications are that US equity markets will open with substantial losses later on today. The US Dollar is currently near unchanged levels against most of the major currencies this morning. Austria and the Netherlands are following Finland's lead in seeking collateral for their bailout loans to Greece. German PPI during July was up 5.8% year-on-year, higher than market expectations. There are no major US economic numbers to be released this morning. However, Fed Regional Presidents Dudley and Pianalto will give speeches during the session.