Compiled 12/12/11 6:00 AM (CT) Statistics: London Gold Fix $1,680.00 -$32.00 LME Copper Stocks 385,575 tons -500 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) The silver market also looks to start the new trading week off on a weaker footing, with March silver touching the lowest level since November 30th. While the silver market hasn't paid that much attention lately to classic physical supply news, seeing silver exchange stocks reach up to the highest level in over a year, might add to the initial downside bias in prices. While the Euro zone situation doesn't look particularly anxious to start, fears have rekindled in the wake of the EU summit and therefore many traders assume that the debt crisis will live on. With weaker equities, adverse and currency market action, some silver traders might suggest that silver will be vulnerable to long liquidation pressure, while others might suggest that silver's downward track in prices since the December 2nd high, could mean that silver has already corrected a portion of its net spec long positioning. In looking forward, silver probably needs to see strong US data countervail fears toward the Euro zone and it is also possible that anticipation of the FOMC statement later this week could provide a measure of support to silver over the coming 36 hours of trade. The Commitments of Traders Futures and Options report as of December 6th for Silver showed Non-Commercial traders were net long 17,025 contracts, an increase of 499 contracts. The Commercial traders were net short 27,533 contracts, an increase of 1,761 contracts. The Non-reportable traders were net long 10,507 contracts, an increase of 1,262 contracts. Non-Commercial and Non-reportable combined traders held a net long position of 27,532 contracts. This represents an increase of 1,761 contracts in the net long position held by these traders. Comex Silver Stocks were 110.415 million ounces up 441,944 ounces. Comex Silver Stocks are at the highest levels in a year. Comex Silver Stocks are at the highest levels since 11/02/2010. Comex Silver stocks are at their highest levels in the past 10. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia were mixed during overnight trading, stock indices in Europe are generally weaker this morning. Early indications are that the US markets will open with moderate losses later on today. The US Dollar is stronger against most of the major currencies this morning. A major credit ratings agency said that they will review all nations within the EU during the first quarter of 2012. Japanese Wholesale Prices were up 1.7% year-on-year, higher than expectations. The first leg of the Treasury's refunding, the 3-year Note auction, will have results announced today at 12:00 PM. There are no major US economic numbers to be released this morning.