Compiled 11/15/11 6:00 AM (CT) Statistics: London Gold Fix $1,765.00 -15.50 LME Copper Stocks 403,300 tons -2,100 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) Like gold, the silver market has started the Tuesday US trade action off on a weaker footing. Some traders are suggesting that the early slide below the $34.00 level in December silver could foster some technically related follow through selling, especially if equities remain weak and the dollar continues to rise. While some pointed to a rebuilding of speculative interest in the most recent COT silver positioning report, those new longs are probably under some pressure because of adverse price action on the charts this week. At least to start silver appears to be a physical commodity market facing fears of slowing and that could mean a tight positive correlation with US equities ahead. Comex Silver Stocks were 107.862 million ounces up 10,000 ounces. Stocks have declined in 11 of the last 20 days. The Commitments of Traders Futures and Options report as of November 8th for Silver showed Non-Commercial traders were net long 18,713 contracts, an increase of 934 contracts. The Commercial traders were net short 31,808 contracts, an increase of 2,228 contracts. The Non-reportable traders were net long 13,094 contracts, an increase of 1,293 contracts. Non-Commercial and Non-reportable combined traders held a net long position of 31,807 contracts. This represents an increase of 2,227 contracts in the net long position held by these traders. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia and Europe are generally lower during overnight trading, early indications are that US equity markets will open with moderate losses later on today. The US Dollar is stronger against most of the major currencies this morning, although posting a loss versus the Yen. German GDP during the third quarter was up 2.5% year-on-year, in-line with forecasts. UK CPI during October was up 5.0% year-on-year, lower than expectations. A private survey of German economic sentiment during November was -55.2, weaker than forecasts. Euro zone GDP during the third quarter was up 1.4% year-on-year, in-line with estimates. Major US economic numbers to be released this morning include the October Producer Price Index, October Retail Sales, and the New York Fed's Empire State manufacturing survey at 7;30 AM, September Business Inventories at 9:00 AM, and private surveys of store sales will also be released during the session. In addition, Fed Regional Presidents Bullard, Evans, Williams, and Fisher will speak during the session.