Compiled 12/05/11 6:00 AM (CT) Statistics: London Gold Fix $1,744.00 -$6.00 LME Copper Stocks 389,500 tons +1,350 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) While March silver is seeing some positive early action, gold and silver prices were showing some divergence to start today. Silver was also fighting initial weakness in platinum and copper prices but that potentially undermining outside market influence was moderated by initial gains in equities and a weaker dollar. Like gold, silver probably needs to see a positive track of news from a lunch meeting between French and German leaders, and silver might also need to see generally positive US scheduled data just to avoid a slide back below last Friday's low. Comex Silver Stocks were unchanged at 108.171 million ounces at the end of last week. The Commitments of Traders Futures and Options report as of November 29th for Silver showed Non-Commercial traders were net long 16,526 contracts, a decrease of 409 contracts. The Commercial traders were net short 25,772 contracts, a decrease of 883 contracts. The Non-reportable traders were net long 9,245 contracts, a decrease of 475 contracts. Non-Commercial and Non-reportable combined traders held a net long position of 25,771 contracts. This represents a decrease of 884 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 higher this morning. Early indications are that US equity markets will open with moderate gains later on today. The US Dollar is moderately weaker against most of the major currencies this morning. German Chancellor Merkel and French President Sarkozy will meet today to discuss ideas for EU fiscal integration. The Italian government announced 30 billion Euros of new austerity measures over the weekend. Euro zone Retail Sales during October were up 0.4%, higher than projections. A private survey of Euro zone service industries during November was at 47.0, slightly lower than expectations. A private survey of German service industries during November was at 50.3, lower than forecasts. Major US economic numbers to be released this morning include October Factory Orders and a private survey of non-Manufacturing industries at 9:00 AM. In addition, Fed Regional President Evans will speak during the session.