Compiled 09/12/11 6:00 AM (CT) Statistics: London Gold Fix $1,843.00 -$36.50 LME Copper Stocks 465,125 tons -100 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) Like gold, the silver market has started the new week off on a weak footing on the charts. Some traders suggest that strength in the US currency and or classic deflation fears are behind the initial weakness in silver today but one could have expected macro economic uncertainty to have underpinned silver prices this morning. In fact, with Treasuries and the greenback showing signs of an influx of safe haven buying, the action in silver this morning has to be disappointing to a noted portion of the bull camp in silver. While Comex Silver Stocks at the end of last week were pegged at only 103.030 million ounces, with a decline of 1,331,714 ounces in a single day that measure probably needs to trend south of 100 million ounces to push that indicator onto the market's front burner. The Commitments of Traders Futures and Options report as of September 6th for Silver showed Non-Commercial traders were net long 34,535 contracts, an increase of 958 contracts. The Commercial traders were net short 56,220 contracts, an increase of 2,621 contracts. The Non-reportable traders were net long 21,684 contracts, an increase of 1,662 contracts. Non-Commercial and Non-reportable combined traders held a net long position of 56,219 contracts. This represents an increase of 2,620 contracts in the net long position held by these traders. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia and Europe were weaker during overnight trading, early indications are that US equity markets will open with substantial losses later on today. The US Dollar is moderately stronger against most of the major currencies this morning, although posting a loss versus the Yen. G7 Finance Ministers in Marseille over the weekend agreed to coordinate their response to the global economic slowdown but the trade continues to fear a lack of coordination from the G7 and ECB. The Chinese Trade surplus during August was $17.76 billion, lower than market forecasts. There are no major US economic numbers to be released this morning. Fed Regional President Fisher will give a speech this afternoon.