Compiled 10/27/11 6:00 AM (CT) Statistics: London Gold Fix $1,708.00 -6.00 LME Copper Stocks 434,675 tons -2,750 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) The silver market has retrenched slightly overnight and because silver at times lagged behind gold on the most recent run up in prices, it might not encounter as much flight to quality liquidation today. In fact, given silver's tendency to track with copper and other industrial commodities, it wouldn't be surprising for silver to benefit from the overnight turn of events, especially if the US data provides an added boost to sentiment. In short, silver might feel some outside pressure from gold today, but a weaker dollar, sharply higher equities and soaring copper prices are probably capable of cushioning silver against a flight to quality inspired washout. In the end, silver has managed to hold above the prior close in the early US Thursday trade and that suggests the market is taking some direction from its physical commodity market standing. Comex Silver Stocks were 105.933 million ounces down 10,259. Stocks have declined 12 of the last 20 days. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia and Europe were sharply higher during overnight trading, early indications are that US equity markets will open with substantial gains later on today. The US Dollar is lower against most of the major currencies this morning. Euro zone leaders have agreed with private bondholders to take a 50% haircut on Greece sovereign debt, and to expend the size of the Euro zone debt rescue fund through leverage up to 1 trillion Euros. The Bank of Japan signaled an easing of Japanese monetary policy by increasing their asset purchase program by an additional 5 trillion Yen. Japanese Retail Sales during September were down 1.2% year-on-year, weaker than market forecasts. A survey of Euro zone economic sentiment during October was at 94.8, which was above initial forecasts. The final leg of the Treasury's refunding, the 7-Year Note auction, will have results announced at 12:00 PM. Major US economic numbers to released this morning include Weekly Jobless Claims and third quarter Gross Domestic Product at 7:30 AM, and a private survey of Pending Home Sales at 9:00 AM.