Compiled 09/09/11 6:00 AM (CT) Statistics: London Gold Fix $1,879.50 +$52.50 LME Copper Stocks 465,225 tons -50 tons Shanghai Deliverable stocks were 113,300 tons +5,510 SILVER MARKET FUNDAMENTALS: (6:00 AM CT) Silver looks to waffle around both sides of unchanged to start this morning, as gold wasn't giving off definitive direction and currency market action was initially somewhat undermining for silver and other physical commodity markets. As indicated in gold market coverage today, the President's jobs plan seems to have tempered macro economic uncertainty slightly, but the trade doesn't appear to be capable of driving silver prices in one direction without some additional headline news. Some traders expect to see some support for silver ahead of a G7 meeting in France, as the focus on the Greek situation means that safe haven topics are set to remain in the headlines. Silver probably won't see much of a reaction to scheduled US numbers today or to a US Fed member speech and in general, the action in gold prices is likely to dominate the silver action today. Comex Silver Stocks were 104.362 million ounces up 1,291,520 ounces. Silver stocks have increased 11 of the last 20 days. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) 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 stronger against most of the major currencies this morning. President Obama announced a $447 billion jobs plan during a speech in front of a joint session of Congress last night, highlighted by payroll tax cuts. G7 Finance Ministers will meet in Marseille to discuss current global economic problems. Chinese CPI during July was up 6.2% year-on-year, in line with expectations. Chinese Industrial Production during July was up 13.5% year-on-year, slightly below some market forecasts. Japanese GDP during the second quarter was down 0.5%, in line with estimates. German CPI during August was up 2.4% year-on-year, above expectations. French Industrial Production during July was up 1.5%, above forecasts. UK PPI during August was up 6.1% year-on-year, above estimates. The only major US economic number to be released this morning will be July Wholesale Inventories at 9:00 AM. In addition, Fed Regional President Williams will give a speech during the session.