Compiled 10/26/11 6:00 AM (CT) Statistics: London Gold Fix $1,713.00 +56.75 LME Copper Stocks 437,425 tons -1,725 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) The silver market has also managed a range up move overnight and in the process, the market has reached the highest level since September 23rd. Like gold, silver seems to be shifting definitively back into a flight to quality mode and away from its classic commodity market roots. Therefore, the ebb and flow of the Euro crisis looks to dominate silver price action. However, it is possible that silver saw some lift from slightly less hawkish Chinese monetary dialogue overnight as that could signal a change in the Chinese policy stance. In fact, silver might not see that much of a reaction to this morning's scheduled US data flows. From the recent low, December silver has forged a rather impressive rally of $4.00 an ounce and that could leave the market short term technically overbought and in need of very consistent flight to quality sentiment. There was some supportive physical demand news from India overnight, but the shift toward a financial or safe haven focus probably means that silver won't see much in the way of classic fundamental buying market reactions. Comex Silver Stocks were 105.943 million ounces down 401,356. Stocks have declined 11 of the last 20 days. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia and Europe were mixed during overnight trading, early indications are that US equity markets will open with moderate gains later on today. The US Dollar is slightly lower against most of the major currencies this morning, although posting a small gain versus the Pound. Euro zone leaders will meet today for the second leg of an EU summit on expanding the Euro zone debt rescue fund. German Import Prices during September were up 6.9% year-on-year, roughly in line with market estimates. The second leg of the Treasury's refunding, the 5-Year Note auction, will have results announced at 12:00 PM. Major US economic numbers to released this morning include September Durable Goods at 7:30 AM, September New Home Sales at 9:00 AM, and a private survey of mortgage applications released before the opening.