Compiled 12/13/11 6:00 AM (CT) Statistics: London Gold Fix $1,665.00 -$15.00 LME Copper Stocks 383,025 tons -2,550 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) Unlike gold, March silver was able to respect the prior session's low in the overnight trade. Some players suggest that silver is technically oversold with the recent slide of $2.80 an ounce off the last three weeks high. However, the silver market is clearly acting like a physical commodity market that is in need of evidence that the Euro zone will be able to avoid a deep recession, off the failure to aggressive contain the sovereign debt problem. The bull camp might also suggest that recent declines in silver prices were forged under falling volume and open interest and therefore the trade doesn't appear to be overly comfortable pressing silver prices aggressively below the $32.50 level. Given the physical commodity market focus in silver recently, the silver bulls probably hope to take some control today in the wake of higher equities and potentially beneficial US retail sales readings. The bulls also hope to see some lift from the FOMC statement later today, but that news event could prove to be a double edged sword. At least to start today, the silver market looks to track in sync with US equities, but the bull camp in silver probably needs something up beat from US retail sales results. Comex Silver Stocks were 110.962 million ounces up 499,021 ounces. Comex Silver Stocks are at the highest levels in a year. Comex Silver Stocks are at the highest levels since 10/25/2010. Stocks have increased 11 of the last 20 days. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia were generally lower during overnight trading, stock indices in Europe are generally stronger this morning. Early indications are that the US markets will open with moderate gains later on today. The US Dollar is near unchanged levels against most of the major currencies this morning. UK CPI during November was up 4.8% year-on-year, in-line with forecasts. A private survey of German economic sentiment during December was at -53.8, higher than expectations. The Federal Reserve's Open Market Committee will announce any changes to US monetary policy at 1:15 PM. The second leg of the Treasury's refunding, the 10-year Note auction, will have results announced today at 12:00 PM. Major US economic numbers to be released this morning include November Business Inventories and retail sales at 7:30 AM, October Business Inventories at 9:00 AM, and weekly private surveys of store sales released during the session.