Compiled 11/07/11 6:00 AM (CT) Statistics: London Gold Fix $1,764.00 +8.00 LME Copper Stocks 415,325 tons -2,525 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) Unlike gold, the silver market this morning hasn't managed a definitive rise on the charts. The silver market has started out on a positive footing but with silver prices holding within the prior session's trading range, it would not seem like silver has fully embraced the flight to quality theme like the gold market. While the silver market hasn't paid that much attention to physical supply side news lately, a noted single day rise in silver exchange stocks might be serving to limit the upside in silver to start today. Apparently Comex Silver Stocks were pegged at 108.366 million ounces on Friday afternoon, for a rise of 1,793,098 ounces. Comex Silver Stocks are now at the highest levels since 11/05/2010. Silver stocks have declined in 11 of the last 20 days. Comex Silver stocks are at their highest levels in the past 10. The Commitments of Traders Futures and Options report as of November 1st for Silver showed Non-Commercial traders were net long 17,779 contracts, an increase of 1,488 contracts. The Commercial traders were net short 29,580 contracts, a decrease of 233 contracts. The Non-reportable traders were net long 11,801 contracts, a decrease of 1,721 contracts. Non-Commercial and Non-reportable combined traders held a net long position of 29,580 contracts. This represents a decrease of 233 contracts in the net long position held by these traders. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia were mixed during overnight trading, stock indices in Europe are generally lower this morning. Early indications are that US equity markets will open with sizable losses later on today. The US Dollar is stronger against most of the major currencies this morning, although posting a small loss versus the Yen. The Greek Prime Minister and opposition leaders agreed on the formation of a new caretaker government, with a new head of state expected to be chosen today. A private survey of UK housing prices during October was up 1.2%, higher than market forecasts. Euro zone Retail Sales during September were down 0.7%, weaker than expectations. The only major US economic number to be released today will be a September US Consumer Credit reading at 2:00 PM. In addition, Fed Governor Rosengren will speak during the session.