Compiled 03/07/11 6:00 AM (CT) Statistics: London Gold Fix $1437.00 +$19.00 LME Copper Stocks 427,150 tons +1,850 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) The silver market has clearly responded to the ongoing uncertainty in the Middle East this morning, with another new high for the move and a rather significant range up extension. In addition to classic safe haven buying, the silver market also seems to be garnering a portion of investment demand flow and that in turn has prompted some analysts to tighten their forward view of silver supply and demand. While silver has at times closed the gold/silver ratio gap, fresh new highs in gold ahead could continue to make silver appear to be relatively cheap compared to gold on a historical basis. Comex Silver Stocks were 103.187 million ounces down 330,880 ounces. Silver stocks have declined 11 of the last 20 days. The Commitments of Traders Futures and Options report as of March 1st for Silver showed Non-Commercial traders were net long 42,047 contracts, a decrease of 1,429 contracts. The Commercial traders were net short 61,412 contracts, a decrease of 179 contracts. The Non-reportable traders were net long 19,364 contracts, an increase of 1,249 contracts. Non-Commercial and Non-reportable combined traders held a net long position of 61,411 contracts. This represents a decrease of 180 contracts in the net long position held by these traders. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia and Europe were mixed during overnight trading, early indications are for the US stock market to open today's session with moderate gains this morning. The Dollar is lower against most of the major currencies during overnight trading. The Premier of China stated his nation would see five more years of robust growth. A major credit ratings agency cut the sovereign debt rating for Greece by three grades, as well as holding a negative outlook. Another major credit ratings agency said that the sovereign debt for several nations in North Africa and the Middle East could see negative ratings changes action. Forces allied with Libyan leader Muammar Gaddafi have launched an offensive against rebel forces in several regions of that nation. There are no major US economic numbers to be released this morning. However, the trade will see a US Consumer Crreidt th Fed Regional President Lockhart is scheduled to a give a speech during the session today and that could impact a host of markets.