Compiled 09/13/11 6:00 AM (CT) Statistics: London Gold Fix $1,806.00 -$37.00 LME Copper Stocks 466,000 tons +875 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) While December silver has initially managed to hold above the prior session's low, the silver market starts the Tuesday US trade in the lower half of the prior day's trading range. The bull camp might discount the recent weakness in silver prices, because that weakness has come on the back of weak volume stats, but at times recently, silver seemed to be behaving like a classic physical commodity market, facing a return to global recession. Some silver traders might point to up trend channel support down at $39.87 in the December contract as a critical pivot point today, but others think the even number $40.00 level will be even more important. While there are reports that silver could come back into favor at the expense of higher priced gold, silver recently hasn't displayed much in the way of distinctly positive price action on the charts. Comex Silver Stocks were 104.085 million ounces up 1,054,712 ounces. 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 moderately weaker against most of the major currencies this morning, although posting a gain versus the Pound. French CPI during August was up 2.4% year-on-year, higher than market forecasts. UK CPI during August was also up 4.5% year-on-year, in-line with projections. The UK Trade deficit during July was 8.9 billion, a larger deficit than expectations. Major US economic numbers to be released this morning include August Import & Export Prices at 7:30 AM, and private surveys of store sales released during the session.