Compiled 11/28/11 6:00 AM (CT) Statistics: London Gold Fix $1,714.00 +$38.00 LME Copper Stocks 392,775 tons -1,925 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) While the gold market has forged a noted upside breakout overnight, December silver as of this writing wasn't able to rise above the Friday highs. However, a broad based physical commodity market rally and significant gains in equities have fostered a favorable environment to start today and December silver has forged an early gain in excess of $1.00 an ounce. Some players even suggest that massive voter turn out in the Egyptian election is contributing to the optimism today. With a weaker dollar and hopes for another European Plan to contain the debt contagion, silver is seeing a number of optimistic tracks in the headlines this morning. However, for December silver to catch a definitive wave of technical short covering buying, might require a rise back above last week's highs around the $33.04 level. In the near term, calls for global stimulus from the OECD and ideas that the IMF could ride to the rescue, have calmed frayed nerves and given the risk on crowd a temporary but suspect edge. The ultra bulls in silver might also suggest that silver is drawing some buying interest from hopes of a decent gain in US Non Farm payrolls at the end of this week. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia and Europe were generally higher during overnight trading, early indications are that US equity markets will open with substantial gains later on this morning. The US Dollar is sharply lower against most of the major currencies this morning. An Italian newspaper is reporting that Italy may receive a 600 billion Euro loan from the IMF if their debt problems get worse, although the IMF later denied that report. Belgium has passed a new austerity budget and may be closing in on forming a new government. A major credit rating agency warned that the current debt crisis could threaten the sovereign debt ratings of all Euro zone nations. The only major US economic number to be released this morning will be October New Home Sales at 9:00 AM.