Compiled 11/17/11 6:00 AM (CT) Statistics: London Gold Fix $1,756.00 -17.00 LME Copper Stocks 399,625 tons -1,300 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) With December silver prices falling to the lowest level since November 10th and forging a downside breakout on the charts, it would appear that negative vibes from the fear of a Euro zone debacle has continued to weigh on silver prices. Like gold, the silver market didn't seem to garner much support this morning from favorable demand talk overnight. In fact, December silver prices were down 30 cents an ounce this morning despite forecasts overnight from Gold Fields Mineral Services that silver prices might rise to $45 an ounce in 2012 off strong investor demand. Therefore silver seems to have tunnel vision on the threat of a return to recession and that could mean that US scheduled data flows this morning will have only a passing influence on silver prices. In fact, silver doesn't even seem to be benefiting from periodic gains in US equities early today, but silver is likely take a large measure of direction from the action in European equities into their close later this morning. Comex Silver Stocks were 107.096 million ounces down 5,356 ounces. Silver stocks have declined 13 of the last 20 days. 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 close to unchanged levels later on today. The US Dollar is moderately stronger against most of the major currencies this morning. A major credit ratings agency warned yesterday that US banks could see a downgrade due to their exposure to European markets. UK Retail Sales during October were up 0.6%, higher than market expectations. Major US economic numbers to be released this morning include Weekly Jobless Claims and October Housing Starts at 7:30 AM, and the Philly Fed manufacturing survey at 9:00 AM. In addition, Fed Regional Presidents Pianalto and Dudley will speak during the session.